corporate presentation - october 2015

October 2015

Path to Production … & Beyond

TSX: SGX


Forward Looking Statements

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

Note: grade and tonnage historical estimates for Headway presented herein are historical in nature and were not prepared in

accordance with 43-101 and has not been verified by a qualified person. and should not be relied on except to represent an order-

of-magnitude estimate of mineral resources notwithstanding that Sage believes the estimates are based on reliable information

prepared by reputable individuals using accurate analytical techniques. Goldbrook provided the source of the Headway historical

estimate.


2

CORPORATE STRUCTURE

Exchange Symbol: TSX.V – SGX

• Shares O/S: 17.4 million

• Shares F/D: 18.1 million

• Current price: $0.05

• 52 week high/low: $0.23/$0.04

• Market Cap: C$ 0.87 million

• Average Strike Price of Warrants/Options: $1.23


3


4

LYNX DEPOSIT

1,936,000 tonnes @

1.4% Cu, 39.6g/t Ag, 0.6g/t Au

Open Pit resources ranging from 485,000 tonnes at 2.1% Cu,

45.3g/t Ag, and 0.7g/t Au to 845,000 tonnes at 1.6% Cu,

35.0g/t Ag, and 0.5g/t

HEADWAY MAIN DEPOSIT

739,400 tons @

3.2% Zn and 31.0g/t Ag

Historic Resource

Cane Occurrence

263g/t Ag, 4.1g/t Au,

2.8% An, 2.8% Pb

Cane Copper 2006 Drilling

1.9% Cu, 95g/t Ag over 5.0m

Cane Gold Metallurgical Work

(2006) Concentrate:

66% Pb, 4,402g/t Ag, 23.8g/t Au

Big Mac Zone - Ag, Zn

D9 Occurrence - Cu, Au, Ag

Abitibi Occurrence - Zn, Pb, Ag

Americ #4 Occurrence - Cu, Au, Ag

Granite

Volcaniclastics & Sediments

Felsic Metavolcanics

Mafic Metavolcanics

Mineral Deposit

Mineral Occurrence

ONAMAN

PROPERTY

• 100% owned

• Polymetallic Property

• VMS system-high grade

NI43-101 resource

• Blue Sky Exploration

Potential (Lynx open at

depth and along strike)

• Potential transaction to

acquire a mine and mill

in the area

• Open pit & underground

resources


Py/Po/Cpy

Deposits & Showings

Cu-Zn-Pb

Au-Ag

Lithology

Moderate to Strong

Weak to Moderate

EM Conductors

ONAMAN

PROPERTY Deposit

After Franklin, 1996

N

Big Mac (Ag, Zn)

Headway

Swamp Zone(Pb, Zn, Ag)

LYNX

DEPOSIT(Cu, Ag , Au)

HEADWAY MAIN

DEPOSIT(Pb, Zn, Ag)

Property boundary

0 250 500

MetersBeardmore55km

Untested Corridor;

Mattabi-type Zn-Cu?

Kyanite (Kaolinite)

Sericite

Sericite Chlorite

Chloritoid

Alteration

Chlorite Carbonate

Andesite

Rhyolite breccia

Rhyolite (massive/porphyritic)

Massive sulphide

Vein and disseminated sulphide

Lateral alteration zone (SIL-EP)

Syn-volcanic fault

Target: VMS Mattabi-type

Zn-Cu Mineralization

overlying intensely altered

syn-volcanic fault.

Detailed

Compilation with

Alteration & EM


6

TIMMINS GOLD CAMPS CLAVOS

PROJECT

Timmins, Ontario

Primero Mill


7

CLAVOS PROJECT- HIGHLIGHTS

*Permits in place to mine the Clavos gold deposit

Located in prolific Timmins Mining camp (>100 million ozs gold)

Existing infrastructure - underground ramp and levels every 25m to the 300m level

NI43-101 Resource Study and PEA completed

Low initial Capex required for potential production … $8.0 million

Joint venture; Sage 60%, St Andrew Goldfields 40%

Clavos is located in close proximity to several operating mills

Natural Gas pipeline on Clavos Property – Potential Fuel and Power savings

Exploration Potential – deep (400-600m);

• 2 deep holes: 65.3g/t over 4.2m & 17.4g/t over 1.5m


8

CLAVOS NI43-101 MINERAL RESOURCE Oct ‘12

Hangingwall Zones

Contact Zones

Footwall Zones

Sediment Hosted Zones

Other Zones

0 100 200m

Indicated Resources Inferred Resources

TonnesGr (g/t

Au)Oz Au Tonnes

Gr (g/t

Au)Oz Au

Hangingwall 595,900 4.92 94,300 119,000 5.60 21,000

Footwall 267,000 5.11 43,900 162,000 4.20 22,000

Contact 237,800 4.45 34,000 - - -

Sediment 66,400 5.07 10,800 243,000 4.20 33,000

Other - - - 112,000 6.00 22,000

Subtotal 1,167,100 4.88 183,000 636,000 4.80 98,000

960Zone

MAINZONE

Indicated Resources Inferred Resources

TonnesGr (g/t

Au)Oz Au Tonnes

Gr (g/t

Au)Oz Au

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

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

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.

N


9

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

Base Case$1600/Oz

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 8.0 8.0 8.0

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

Clavos

PEA (2013)

Economic

Model

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.

Current 1.33 CDN to 1 USD

Current CDN gold price - $1500


10Plunging high Grade Zones?

?? ?

① Plunging high

Grade Zones?

② Connection

between the

Main Zone and

the 960 Zone

③ Parallel

adjacent zones

④ Extension along

strike (east and

west directions)

CLAVOS PROPERTY: Exploration Potential

0 250 400

Meters

1.0 to 2.5

2.5 to 5.0

5.0 to 10.0

10.0 to 50.0

50.0+

Drillhole Au

Legend (gpt)

9.4gpt/1.0m

65.3 gpt/4.2m

7.0 gpt/1.5m

8.4 gpt/0.9m

10.5 gpt/3.4m

①

②

③④④


11

Porphyry

Altered Ultramafic

Sediment

Ultramafic & Volcanics

17.4 gpt/1.5m

N

KC99-1540 50 100m

Sediment

Hosted

ZonesHangingwall

Zones

Contact

Zone

S

5.9 gpt/0.9m

Hangingwall Zones

Contact Zones

Footwall Zones

Sediment Hosted Zones

Other Zones

Looking East

KC99-154

KC99-155

Clavos DepositDown dip and down plunge, high

grade, exploration potential10.9 gpt/0.5m

Looking EastN S

65.3 gpt/4.2mIncl. 374.1 g/t over 0.7m

9.4 gpt/1.0m

KC99-155


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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 Yamana Gold , Aura Minerals and Selwyn Resources.

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.

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 & 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 Yamana Gold.

BOARD OF DIRECTORS

Peter FreemanDirector


13

MANAGEMENT and CONSULTANTSManagement

William D. LoveVP and Business Development

Robert RyanChief Financial Officer

Consultants

Bob RitchieP.Eng

Mr. 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. Ryan brings over 25 years of experience in CFO and COO roles in private and public companies with an extensive

background in financing and M&A transactions. Mr. Ryan is a CPA, CA and holds an MBA from the University of

Toronto.

Mr. Howard obtained a Bachelor of Science degree in Geology from the University of Toronto, and a Master

of Science degree in Economic Geology from the University of Colorado (Boulder). Subsequently, he

obtained certification as a Gemologist from the Gemmological Association of Great Britain. His professional

experience spans a wide variety of mineral commodities, geological settings, countries and continents.

Avrom E. HowardMSc, P.Geo


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WHY INVEST IN SAGE GOLD

Two potential low capex deposits in Ontario; Lynx and Clavos

Lynx – Compliant Resource / Large Deposit Potential/ Open Pit tonnage

Lynx - Potential to Increase Tonnage through further in-fill and exploration drilling

Clavos – Fully permitted for production in prolific gold mining district

Clavos – NI43-101 resource and PEA

Clavos – Potential to increase resources

Very Low Market Capitalization

SMALL AND PROFITABLE IS BEAUTIFUL


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CONTACT INFORMATION

Sage Gold Inc. 200 University Ave, Suite 1301

Toronto, ON M5H 3C6

Tel.: 416-204-3170

Fax: 416-260-2243

[email protected]

Karen Levy

mailto:[email protected]

corporate presentation - october 2015

Investor Relations