Aug-Sept 2012

Path to Production

May 2014TSX-V : SGXPath to Production

Path to Production

Forward Looking Statements

2

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

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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

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SAGE GOLD ADVANTAGENear 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.

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TIMMINS GOLD CAMPS CLAVOS PROJECT Timmins, Ontario

Primero Mill

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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

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CLAVOS PROJECT

Timmins, Ontario

Commercial Production

Initial Tonnage Extraction and Production

Dewater and Rehab mine

Complete Financing

0 4 8 12 16

15

9

6

0

Months

NEAR TERM PRODUCTION PLANS

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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 33.0Internal Rate Of Return (IRR) % 48% 71% 94%         After Tax        

Net Present Value (NPV) 8% Cdn$ million 5.6 12.6 19.5Internal Rate Of Return (IRR) % 27% 47% 67%         Life of Mine Year 7 7 7Payback 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

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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

FootwallHanging WallSedimentContact

Hanging WallFootwallContactSediment

2.5 km

Ramp

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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 Ounces Category

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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.

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ONAMAN PROPERTY - LYNX PROJECT - ONTARIO

Lynx Cu Ag Au 9,096 acres

NE Mine Mill*

Leitch*

Nortoba*

* PREMIER GOLD OPTION

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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% Cu39.6 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 PROJECTBeardmore, Ontario

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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

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Patrick J. MarsChairman 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 BojtosDirector

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 RobertsonDirector

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 BaylisDirector

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 ChimDirector

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 LeesPresident, 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 yearsexperience in the Canadian investment industry and is currently a Director of several publicly traded mining companiesincluding Yamana Gold.

BOARD OF DIRECTORS

Peter Freeman Director

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MANAGEMENT and CONSULTANTSManagement

William D. LoveVP and Business Development

Ron ReedChief Financial Officer

Michael SkutezkyLegal Counsel

Consultants

Bob RitchieMining 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 HubacheckP.Geo, QP

C. Nigel LeesPresident, 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.

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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

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CONTACT INFORMATION Sage Gold Inc. 365 Bay Street, Suite 500 Toronto, ON M5H 2V1Tel.: 416 204-3170Fax: 416 260-2243

info@sagegoldinc.comKaren Levy