Aug-Sept 2012

Path to

Production

November 2012 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 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: 83.3 million

• Shares F/D: 116.6 million

• Current price: $0.06

• 52 week high/low: $0.21/$0.045

• Market Cap: C$ 5 million

• Average Strike Price of Warrants/Options: $0.34

• Proceeds from Warrants/Options: $10.5 million

Path to Production

3

Sage Gold Advantage

1. Near Term Production – Clavos Deposit • Sage Gold has access to SAS’s mill in the area and is able to move into production

quickly and cost effectively - will generate strong cash flow for the company

2. Blue Sky Potential – Clavos Deposit

Open at depth and on multiple directions along strike

Management will focus on continuing to increase resources

3. Pre-production Financing in Place $1.5M debt facility with Waterton Global Value L.P

Right of first refusal on Production financing

4. 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

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

6. Experienced Management Team

Path to Production

4

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 Capex required for production

Suite of Permits in place

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

Path to Production

5

Near Term Production Plans

Q4- 2012

Scoping study (PEA)

Amended Production Closure Plan filed

Q1-2 2013

Dewater and Rehab. Mine

Upgrade resources to reserves – Definition drilling

Project Financing

Q3- 2013

Start of initial production

2014 - Commercial Production

CLAVOS DEPOSIT

Timmins, Ontario

Path to Production

6

• Lakeshore Gold

→ Timmins Mine now in production

→ Current resources of 1.87M oz. Au

• Goldcorp

→ Hollinger Open Pit Scheduled for production in 2013

→ Current resources 900,000 oz. Au

• Sage Gold (Clavos)

• Lakeshore Gold (Bell Creek, Vogel)

• St. Andrew Goldfields (Taylor)

• SGX Resources (Tully)

• Lexam - VG Gold - (Paymaster West)

Existing Timmins Gold Projects Clavos Property - In Good Company

Near-Term Production Potential

Advanced Projects

CLAVOS DEPOSIT

Timmins, Ontario

Path to Production

7

Strategic Partnerships

Joint Venture Partnership – Sage 60%, St Andrew Goldfields 40%

Existing infrastructure and resources in place

SAS $46 million spent for underground development

Underground ramp access to the 300 metre level

Existing buildings and water discharge ponds

NI43-101 compliant resources

CLAVOS DEPOSIT

Timmins, Ontario

Path to Production

8

Timmins Gold Camps CLAVOS DEPOSIT

Timmins, Ontario

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 Gold Mineral Resource Oct ‘12

Tonnes Grade Total Ounces Category

Path to Production

10

Clavos Resource Categories Oct 2012

4.5 KM strike length

Path to Production

11

Location

Indicated Resources Inferred Resources

Tonnes

Grade Ounces

Gold Tonnes

Grade Ounces

Gold (g/t Au) (g/t Au)

Main Zone

Hangingwall 595,900 4.92 94,300 119,100 5.6 21,000

Footwall 267,000 5.11 43,900 161,600 4.2 22,000

Contact 237,800 4.45 34,000 0 - -

Sediment 66,400 5.07 10,800 243,100 4.2 33,000

Other 0 - - 112,000 6.0 22,000

Total 1,167,100 4.88 183,000 635,800 4.8 97,000

960 Zone

Hangingwall 69,900 4.04 9,100 77,000 5.0 12,000

Footwall 10,200 3.91 1,300 51,000 3.5 6,000

Sediment 11,200 3.51 1,300 32,000 4.7 5,000

Total 91,300 3.99 11,700 160,000 4.5 23,000

Grand Total 1,258,400 4.81 194,600 796,000 4.7 120,000

Clavos NI43-101 Gold Mineral Resource by Zone

Path to Production

12

Clavos Mineral Resources Oct 2012

4.5 KM strike length

Path to Production

13

960 Zone

4.5 KM strike length

Existing

Clavos

CLAVOS DEPOSIT

Timmins, Ontario

OPEN

OPEN

OPEN

Ultramafic Sediment Talc Chlorite Schist

OPEN

Path to Production

14

A-B: Photos from hole CL252-13, 63.1-

64.3m, illustrating stylolitic white quartz veining

with visible gold from a stylolitic quartz vein

system with chlorite-carbonate-pyrite altered

wallrock slivers that is consistent in style with

the en echelon vein arrays.

Photos A and B are close-ups of stylolitic

ribboned chlorite-rich bands in the system

partially zone shown in B, containing multiple

grains and blebs of native gold. Note

aggregates of pale grey Fe-carbonate in lower

left portion of photo B.

The vein system occurs adjacent to a narrow

grey porphyry dyke.

A

Underground Drill Core Photos

594.88 gpt Au (17.35 opt) over

1.2m (uncut)

B

CLAVOS DEPOSIT

Timmins, Ontario

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 Corp. (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.

Mr. Bai is a Beijing, China businessman. He has investment and commercial experiences covering various fields in China

and Vancouver. With more than 20 years of business activities, he has established an extensive business network in

China. Mr.Bai is currently the President of Earnlead Investments Inc., Sino Water Holdings Inc., and has held such

positions since May 2011. He is a director for Century Iron Mines Corporation (TSX.V-FER).

Hua Bai Director

Path to Production

16

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 which is

10 kms from the Clavos mine. 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 and business development experience in the Mining and

Telecommunications industry. He is also the Communications Manager and Head of Investor Relations for Carpathian

Gold and has been with both firms since 2006.

Mike O’Brien Communications Manager, Investor

Relations

Path to Production

17

Sage Exploration Properties

Joint Venture Potential

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

Paint Lake (adjacent to Brookbank Gold Deposit)

Jacobus (Cu/Ni),

Clist Lake (Au)

• Infrastructure in place - Road, Rail, Power

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

• Option agreement - MetalCorp (70% interest) in Solomon’s Pillars

• Ongoing negotiations with potential joint venture partners.

Beardmore Geraldton Gold Camp

Path to Production

18

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

19

Why Invest in Sage Gold Compliant Resources

• Established resource to fast track production

Near Term Production

• Milling Contract in process with the St. Andrews Mill to deliver ore

Pre-production financing in place • Waterton is potential production financing partner

Low Capex / Fast Payback

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

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

production potential

Ideal Market Timing

• Low market capitalization

Path to Production

20

Contact Information

Investor Cubed Inc. 67 Yonge St., Suite 1000

Toronto, ON M5E 2J8

Tel.: 1-888-258-3323

Fax: 416 363-7977

info@investor3.ca

Neil Simon

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