Sage Gold increases its flow-through issue

Trading Symbol - CNQ: SAGE

TORONTO, July 8 /CNW/ - Sage Gold Inc. (CNQ listed: symbol SAGE)
announces that, subject to regulatory approvals, it has increased its non-
brokered private placement of flow-through common shares at 7.5 cents per
share from $300,000 to $650,000. This increase will result in the issuance of
approximately 4,666,667 additional common shares. The proceeds will be
principally used for exploration on the Kerrs Property near Lake Abitibi,
Ontario, and for exploration on its Quebec properties.
Sage also announces that Bill Love, a consultant to the Company, has been
appointed as Chief Financial Officer.

This release was prepared by management of the Company who takes full
responsibility for its contents. The Canadian Trading and Quotation System
Inc. has not reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.