Mr. Nigel Lees reports

SAGE ISSUES SHARES FOR DEBT

Sage Gold Inc. has agreed to settle obligations of $169,595 owed to 12 vendors by issuing 1,130,634 common shares based on an agreed price of 15 cents per common share. Included in the preceding total were 454,167 common shares issued to three current or former directors of Sage in respect of outstanding directors fees. The expiry date of the hold period for the shares issued was March 27, 2015.

We seek Safe Harbor.