Sage Gold Closes Private Placement of Flow-Through Units

TORONTO, ONTARIO--(Marketwired - Dec. 13, 2017) - Sage Gold Inc. ("Sage Gold" or the "Company") (TSX VENTURE:SGX) is pleased to announce that further to its press release dated December 11, 2017 it has completed the first tranche of a treasury offering of flow-through common share units of the Corporation (the "Units") at the price $0.22 per Unit. (the "Offering"). The Offering consisted of the sale of 1,100,000 Units for gross proceeds of $242,000.00. Each Unit is comprised of one (1) common share of the Corporation (a "Common Share"), issued on a flow-through basis, and one-half (1/2) of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles its holder to purchase one Common Share at an exercise price of $0.32 for a period of 24 months following the closing of the Offering.