Aug-Sept 2012

Path to

Production

August 2013 TSX-V : SGX

Path to Production

Timmins, Ontario

Path to Production

Forward Looking Statements

1

Statements made in this presentation, other than those concerning historical information, should be

considered forward-looking statements which are subject to various risks and uncertainties. Such

forward-looking statements are made based on management’s belief as well as assumptions made by,

and information currently available to, management.

The Company’s actual results may differ materially from the results anticipated in such forward-looking

statements as a result of a variety of factors. Additional information concerning factors that could cause

actual results to materially differ from those in such forward-looking statements is contained in the

Company’s filings with the securities and regulatory authorities.

Note: All currencies are in Canadian dollars unless otherwise noted

Path to Production

2

Sage Gold’s short term plans are to develop production on their existing

resource on the Clavos deposit to generate cash flow to fund further

exploration and potentially develop a leading gold mining company in a world

class mining camp.

CORPORATE STRUCTURE

CORPORATE VISION

Exchange Symbol: TSX.V – SGX

OTC – SGGDF (USA)

• Shares O/S: 121.5 million

• Shares F/D: 137.5 million

• Current price: $0.03

• 52 week high/low: $0.21/$0.025

• Market Cap: C$ 3.6 million

• Average Strike Price of Warrants/Options: $0.17

• Proceeds from Warrants/Options: $3.9 million

Path to Production

3

TIMMINS GOLD CAMPS CLAVOS DEPOSIT

Timmins, Ontario

Path to Production

4

SAGE GOLD ADVANTAGE

1 Potential Near Term Production – Clavos Deposit Sage Gold has access to a custom mill in the area and may be able to move into

production cost effectively - could generate strong cash flow for the company

Permits in place to re-open Clavos for dewatering and underground rehabilitation

2. New NI43-101 Mineral Resource announced Oct 23,2012

3. Preliminary Economic Assessment on Clavos Deposit 71% Internal Rate of Return (pre-tax) and $23.2MM Net Present Value

47% Internal Rate of Return (after-tax) and $12.6MM Net Present Value

4. Blue Sky Potential – Clavos Deposit Open at depth and on multiple directions along strike

Management will focus on continuing to increase resources

5. Strong Strategic Partnerships Clavos Property - Sage and St Andrew Goldfields JV partners (60%-40%)

Providing low cost access to mine and mill

Established infrastructure with $46 million spent on underground development

Note: The PEA does not indicate the economic viability of the mineral resource and is preliminary in nature, includes inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and that there is no certainty that the PEA will be realized. Mineral resources that are not mined reserves do not have demonstrated economic viability.

Path to Production

5

CLAVOS DEPOSIT- HIGHLIGHTS Located in the prolific Timmins Mining camp and close geographically (20kms) to

Goldcorp’s (TSX-G) high grade Hoyle Pond mine which has produced more than 2.4 M

ozs since 1985 and is still in operation

Existing infrastructure in place including underground ramp access to the 300m level,

underground levels developed every 25m, power to site, surface ventilation system,

water management system

Low initial Capex required for potential production,$14.1million (represents 100% of

Capex requirement)

Permits in place to re-open Clavos mine

Clavos is also located 10kms from the Brigus Gold mill in Stock Township.

Path to Production

6

NEAR TERM PRODUCTION PLANS

Q3- 2013

Financing

Q3- 4 2013

Dewater and Rehab. Mine

Upgrade resources to reserves – Definition drilling

Start of initial tonnage extraction

Q1- 2015 - Commercial Production

- subject to Pre-Feasibility Study

CLAVOS DEPOSIT

Timmins, Ontario

NOTE: Subject to completion of financing by end of Q3

Path to Production

7

GOLD PRICE US$ / Oz (Au) $1400/Oz $1500/Oz $1600/Oz

Base Case

Gold Production Oz/Au 145,448 145,448 145,448

Revenue Cdn$ million

203.6 218.2 232.7

Initial Capital Expenditures (100%) Cdn$ million 14.1 14.1 14.1

Sustaining Capital Cdn$ million 21.1

21.1 21.1

Total Capital Cdn$ million 35.1 35.1 35 .1

Operating Expense Cdn$ t/Ore 142.5 142.5 142.5

Net Smelter Return Cdn$ t/Ore 6.1 6.5 7.0

Cash flow (undiscounted) Cdn$ million 19.9 34.0 48.1

Pre Tax

Net Present Value (NPV) 8% Cdn$ million 13.5 23.2 33.0

Internal Rate Of Return (IRR) % 48% 71% 94%

After Tax

Net Present Value (NPV) 8% Cdn$ million 5.6 12.6 19.5

Internal Rate Of Return (IRR) % 27% 47% 67%

Life of Mine Year 7 7 7

Payback Period Year 2.25 2.00 1.75 Note - assumes an exchange rate of 1:1 of Cdn to US Dollar;

-tax rates are based on a blended rate between Sage and SAS

-excludes any financing costs

-contingency on capital expenditures of 30%

-CAPEX figures represents 100% of financing

The PEA does not indicate the economic viability of the mineral resource and is preliminary in

nature, includes inferred resources that are considered too speculative geologically to have

the economic considerations applied to them that would enable them to be categorized as

mineral reserves and that there is no certainty that the PEA will be realized. Mineral resources

that are not mined reserves do not have demonstrated economic viability.

Clavos

PEA

Economic

Model

Path to Production

8

WHAT MAKES CLAVOS UNIQUE

ENVIRONMENTAL PERMITTING

a ll permits in place to dewater and commence Tonnage extraction – 700 tpd

EXISTING SURFACE INFRASTRUCTURE

10 km truck haul road to Hwy 101 10 km by 27.6 kV overhead power line mine access roadways mobile shop, generator, compressor & cold storage

building office trailer dry facility settling & polishing pond s

replacement value $5.0m

Path to Production

9

CLAVOS EXISTING UNDERGROUND

2,923m of primary access

710m of secondary access

3,208m of lateral level development

+200,000 m of surface & underground diamond drilling

10 levels with detail geological mapping & channel

sampling

Replacement value $40.0m

Path to Production

10

CLAVOS CAPEX BUDGET $14.1 MILLION

• Mining Equipment $5.5

• Surface Infrastructure $3.0

• Mine Rehabilitation $3.0

• Contingency $2.6

H ISTORICAL MILLING DATA ( 96 , 887 t) :

MILLING H EAD G RADE RECOVERY

Gold

gms/t

Gold

oz/t

% oz

(Au)

2nd Half 2005 6.23 0.20 87.4% 5,657

1st Half 2006 5.71 0.18 82.9% 2,860

2nd Half 2006 3.83 0.12 85.4% 3,746

1st Qtr 2007 3.61 0.12 89.0% 1,051

Note: Capex figures represents 100% of financing

Path to Production

11

Total Indicated 1,258,400 4.81 g/t 194,600 __________________________________________________________________________ Total Inferred 795,600 4.70 g/t 120,000 __________________________________________________________________________

Note: The 2012 resources are estimated at a cut-off grade of 2.75 g/t Au, high gold assays are cut to 60 g/t Au and an average long-term gold

price of US$1600 per ounce was used.

CLAVOS NI43-101MINERAL RESOURCE Oct ‘12

Tonnes Grade Total Ounces Category

Convert Resources To Reserves:

discrepancy in underground survey prevents assigning reserve

categories

re-survey to verify actual location for underground workings

stope definition drilling to provide data base for upgrading

resource categories

NOTE: subject to PFS

Path to Production

12

CLAVOS RESOURCE CATEGORIES 2012

4.5 KM strike length

Path to Production

13

CLAVOS PEA REPORT 2013

Forecasted production rate 600 tpd Life of Mine 7 years Forecasted Full production 3rd year, 4th Qtr. Internal dilution in resource block estimate External dilution: - cut & fill methods 10% at 0 gms/t - long hole methods 40% at 0 gms/t Tonnage recovery: - cut & fill methods 95% - long hole methods 90%

Note: The PEA does not indicate the economic viability of the mineral resource and is preliminary in nature, includes inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and that there is no certainty that the PEA will be realized. Mineral resources that are not mined reserves do not have demonstrated economic viability.

Path to Production

14

CLAVOS SUSTAINING CAPITAL ($21.0 M)

Commence 1st Qtr, Year 2

Mine Development $ 4.9m

Diamond Drilling $ 2.5m

Discretionary $13.6m

PHASE 01:

excavate 3m x 4m x 200m trackless heading to access Sediment Zone,

complete 60m/30m drilling to evaluate Existing Clavos Down Plunge & Sediment Zones,

bulk sample for metallurgical process and mineral recovery assessment.

PHASE 02:

continue 3m x 4m x 600m trackless heading to access 960 Zone,

complete 60m/30m drilling to evaluate Existing Clavos Down Plunge & 960 Zones,

bulk sample for metallurgical process and mineral recovery assessment.

Path to Production

15

BOARD OF DIRECTORS

Patrick J. Mars Chairman and Director

Mr. Mars is an independent consultant specializing in mine financing and analysis with over 30 years of experience in the

investment industry. Mr. Mars has acted as Chairman, CEO, or Director for several public-traded mining companies and is

currently Director of Aura Minerals, Carpathian Gold, Selwyn Resources and Yamana Gold.

Peter Bojtos Director

Mr. Bojtos is a professional engineer with extensive experience in mineral development and production. Since 1996

following a successful career as CEO of several companies, Mr. Bojtos serves on mining company boards as an

independent Director.

Gary Robertson Director

Mr. Robertson is a Certified Financial Planner. He has worked in the financial industry for the past twenty years, and

presently serves on the board of several private companies as well as on the board of six Canadian junior gold mining

companies.

Joe Baylis Director

Mr.Baylis brings over 23 years of domestic and international mining industry experience to the Company. Mr.Baylis

graduated with an LLB from the University of Western Ontario and is a member of the Law Society of Upper Canada.

Sandy Chim Director

Mr. Chim is an international business executive. He is the President and CEO of Century Iron Mines Corporation (TSX-

FER), a director of Augyva Mining Resources Inc. (TSX.V-AUV) and non executive director of Prosperity Minerals Holdings

Limited. Mr.Chim resides in Kowloon, SAR, Hong Kong, PRC.

C. Nigel Lees President, CEO and Director

Mr. Lees is a founder and past director of TVX Gold Inc., a significant gold

producer in North and South America, which merged into Kinross Gold, listed

on the TSX and the New York Stock Exchange. Mr. Lees has over 30 years

experience in the Canadian investment industry and is currently a Director of

several publicly traded mining companies including Yamana Gold.

Mr. Lees is a founder and past director of TVX Gold Inc., a significant gold producer in North and South America,

which merged into Kinross Gold, listed on the TSX and the New York Stock Exchange. Mr. Lees has over 30 years

experience in the Canadian investment industry and is currently a Director of several publicly traded mining companies

including Yamana Gold.

Path to Production

16

BOARD OF DIRECTORS (cont’d)

Peter Freeman Director

Mr. Freeman has extensive experience in public markets, finance and compliance, this includes six years as Director of Markets and

Compliance at the OFEX Market (now ISDX). Mr. Freeman is Compliance Officer of Loeb Aron & Company a corporate finance firm

authorized and regulated by the Financial Conduct Authority. He is also a Lay member of the Upper Tribunal (Tax & Chancery) which

hears references (appeals) arising from decisions by the Financial Conduct Authority, Bank of England, Financial Services Authority and

the Pensions Regulator. Mr. Freeman is also a director of TSX-V quoted Cabo Drilling Inc., an international mineral and specialty drilling

services provider and Jenolan Ltd, a financial services and regulatory compliance consulting firm which provides management services .

Path to Production

17

MANAGEMENT and CONSULTANTS Management

William D. Love VP and Business Development

Ron Reed Chief Financial Officer

Michael Skutezky Secretary and Legal Counsel

Consultants

Bob Ritchie Mining Engineer

Mr. Peter Hubacheck is a consulting geologist and President of W. A. Hubacheck Consultants Ltd. He has over

35 years of experience as a project geologist, exploration manager and Qualified Person for the purposes of NI

43-101, with experience in the exploration for gold, silver, base metals, uranium and diamonds in Canada and the

USA. He holds a Mining Technologist (1974) diploma from the Haileybury School of Mines and Technology,

Haileybury, Ontario and a B.A.Sc. (Geol. Eng. 1977) degree from the South Dakota School of Mines and

Technology, Rapid City, South Dakota.

Mr. Ritchie is a Professional Engineer with over 40 years of experience in mine management and development,

feasibility studies and mine construction. He has worked with several mining companies including Goldcorp,

Noranda Mines and St. Andrew Goldfields. He was responsible for the construction of the Stock (now Brigus

Gold) Mill. Mr. Ritchie is a graduate of the Michigan Technological University with a Bachelor of Science in

Geology Engineering. He is also a Qualified Person (QP) as defined by NI43-101.

Peter Hubacheck P.Geo, QP

C. Nigel Lees President, CEO and Director

Mr. Lees is a founder and past director of TVX Gold Inc., a significant gold producer in North and South America,

which merged into Kinross Gold, listed on the TSX and the New York Stock Exchange. Mr. Lees has over 30 years

experience in the Canadian investment industry and is currently a Director of several publicly traded mining companies

including Yamana Gold.

Mr. Love is a geologist who has been involved in mineral exploration in Canada and was part of the world class Hemlo

discovery team. He was also an institutional equity salesperson in London, England, for a Canadian brokerage firm.

Mr. Love has spent the last fifteen years as a venture capitalist and a corporate finance specialist in a variety of

resource and technology companies.

Mr. Reed is a CGA with an MBA ( Finance) from the NY Institute of Technology. He has more than 20 years of senior

experience in implementing financial business strategies and has been involved in more than 15 acquisition and

divesture transactions. Since 2009 he has been providing CFO services in the mining sector.

Mr. Skutezky was Assistant General Counsel of Royal Bank for 25 years focused on International Project financing

based in Montreal and Toronto, in addition to working in Eastern Europe with Canadian Law Firms. He has recently

formed his own professional corporation for the practice of law and is the principal of Rhodes Capital Corporation.

Mr. O’Brien has over 30 years of sales, marketing ,business development and communications experience in the

Mining and Telecommunications industry. He is also a Consultant for Carpathian Gold after 7 years as Head of

Corporate Communications / Investor Relations and has been with both firms since 2006.

Mike O’Brien Communications Manager, Investor

Relations

Path to Production

18

SAGE EXPLORATION PROPERTIES

Joint Venture Potential

• Properties - Onaman - Lynx Deposit, NI43-101 compliant resource

Spooner (Au)

Clist Lake (Au)

• Infrastructure in place - Road, Rail, Power

• Underexplored; Potential for large gold deposits - i.e. Red Lake

• Ongoing negotiations with potential joint venture partners.

Beardmore Geraldton Gold Camp

Path to Production

19

ONAMAN

Yellow = .5% Cu x 3 metres – Cut Off Red = 1% Cu x 3 metres

Lynx NI43-101 Resource

1.936 million tonnes, 1.44% Cu

39.6 g Ag/T, 0.58 g Au/T

Lynx NI43-101 Open Pit Resource 485,000

tonnes 2.1 % Cu, 45.3 g Ag/T, 0.70 g Au/T

at 1% Cu cut off

LYNX DEPOSIT

Beardmore, Ontario

Path to Production

20

WHY INVEST IN SAGE GOLD

Near Term Potential Production Q1 -2015

Positive Preliminary Economic Assessment

Low Capex / Fast Potential Payback

Strong potential to increase tonnage through further in-fill and exploration drilling

Strategic acquisitions being evaluated to increase the company's resources and

production potential

Low market capitalization

SMALL AND PROFITABLE IS BEAUTIFUL

Path to Production

21

CONTACT INFORMATION

Sage Gold Inc. 365 Bay Street, Suite 500

Toronto, ON M5H 2V1

Tel.: 416 204-3170

Fax: 416 260-2243

info@sagegoldinc.com

Mike O’Brien –

Communications Manager;

Investor Relations