Sage Gold is a junior mining company focused on developing its Clavos gold and Lynx copper-silver-gold projects in Ontario, Canada into production to generate cash flow. Key points: 1) Sage plans to initially generate cash flow through developing production at its permitted Clavos gold project, which has an existing resource and positive

1. Aug-Sept 2012
Path to
Production
May 2014TSX-V : SGX
Path to Production

2. 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

3. Path to Production
2
Sage Gold plans are to develop production from their existing resources on the
Clavos and Lynx projects to generate cash flow.
CORPORATE STRUCTURE
CORPORATE VISION
Exchange Symbol: TSX.V – SGX
OTC – SGGDF (USA)
• Shares O/S: 130 million
• Shares F/D: 144.6 million
• Current price: $0.025
• 52 week high/low: $0.045/$0.01
• Market Cap: C$ 3.25 million
• Average Strike Price of Warrants/Options: $0.14
• Proceeds from Warrants/Options: $2.0 million

4. Path to Production
3
SAGE GOLD ADVANTAGE
Near term production
1. Clavos Au and Lynx Cu- Ag - Au project
 Potential to generate strong cash flow for the company
 Sage has access to custom mills for both the Clavos and Lynx projects
 Permits in place to re-open Clavos for dewatering and underground rehabilitation
2. Both Clavos and Lynx have 43-101 resources
3. Preliminary Economic Assessment on Clavos Project
 71% Internal Rate of Return (pre-tax) and $23.2MM Net Present Value
4. Blue Sky Potential – Clavos and Lynx Projects
 Open at depth and on multiple directions along strike
 Management will focus on continuing to increase resources
5. Excellent Infrastructure - Clavos
 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. A PEA is
deemed to be reliable +/- 50% level.

5. Path to Production
4
TIMMINS GOLD CAMPS CLAVOS
PROJECT
Timmins, Ontario
Primero
Mill

6. Path to Production
5
CLAVOS PROJECT- HIGHLIGHTS
 Located in the prolific Timmins Mining camp -produced in excess of 100 million ozs gold
 Existing infrastructure - underground ramp and levels every 25 metres to the 300m level
 Low initial Capex required for potential production,$14.1million
 Agreement to purchase St Andrew’s 40% interest
 Permits in place to re-open Clavos mine
 Clavos is located 10kms from the Primero mill in Stock Township.
 Natural Gas pipeline - Clavos Property – Potential Fuel and Power savings – Study

7. Path to Production
6
CLAVOS
PROJECT
Timmins, Ontario
15
9
6
0
0 5 10 15 20
Commercial Production
Initial Tonnage Extraction
and Production
Dewater and Rehab mine
Complete Financing
Months
NEAR TERM PRODUCTION PLANS

8. 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

9. Path to Production
8
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
Footwall
Hanging Wall
Sediment
Contact
Hanging Wall
Footwall
Contact
Sediment
2.5 km
Ramp

10. Path to Production
9
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 NI43-101 MINERAL RESOURCE Oct ‘12
Tonnes Grade Total OuncesCategory

11. Path to Production
10
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.

12. Path to Production
11
ONAMAN PROPERTY - LYNX PROJECT - ONTARIO
Lynx Cu Ag Au
9,096 acres
NE Mine Mill*
Leitch*
Nortoba*
* PREMIER GOLD OPTION

13. Path to Production
12
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 PROJECT
Beardmore, Ontario

14. Path to Production
13
LYNX PROJECT – Cu Ag Au
 Located within the Onaman Property – Northern Ontario
 VMS system – high grade Cu-Ag-Au 43-101 Resource
 Numerous VMS targets on the Onaman Property – potential to host
large VMS deposit
 Open at depth and along strike – Existing compliant resource - only
drilled to 250-300 metres
 Open Pit component – potential to increase size to the north
 Sage – Agreement with Premier Gold to purchase Northern Empire
mine and mill – 75km from Lynx

15. Path to Production
14
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.
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 London corporate finance firm, a Lay member of the Upper Tribunal (Tax & Chancery) and of the Probate Committee
of the ICAEW. Mr. Freeman is also a director of TSX-V quoted Cabo Drilling Inc., of AIM quoted Capital Lease Aviation
PLC and of Jenolan Ltd.
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.
BOARD OF DIRECTORS
Peter Freeman
Director

16. Path to Production
15
MANAGEMENT and CONSULTANTS
Management
William D. Love
VP and Business Development
Ron Reed
Chief Financial Officer
Michael Skutezky
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.

17. Path to Production
16
WHY INVEST IN SAGE GOLD
 Clavos – one of the few permitted gold deposits in Ontario
 Near Term Potential Production
 Clavos Positive Preliminary Economic Assessment – Low Capex/ Fast Payback
 Lynx – Compliant Resource / Large Deposit Potential/ Open Pit tonnage
 Clavos/ Lynx - potential to Increase Tonnage through further in-fill and exploration
drilling
 Production Financing – Joint Ventures being pursued
 Low Market Capitalization
SMALL AND PROFITABLE IS BEAUTIFUL

18. Path to Production
17
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
Karen Levy