Trading Symbol - TSXV: SGX
TORONTO, May 29 /CNW/ - Sage Gold Inc. ("SAGE") announces that, pursuant
to its 2006 Incentive Stock Option Plan, it has granted 2,315,000 options
("Options") to acquire 2,315,000 common shares ("Shares") of SAGE at an
exercise price of $0.14 per Share to members of management, the board of
directors, its employees and consultants of SAGE. The Options will be
exercisable for a period of five years from the date of grant.
There are currently 69,709,871 common shares of SAGE issued and
outstanding.
SAGE is a mineral exploration and development company which has interests
in exploration properties in Ontario and Quebec, Nevada and Arizona. Its main
properties are the Kerrs , Onaman, Jacobus, and Lincoln properties in Ontario,
the Dixie Fork, Triple Junction, Pony Spur, Dike, Corridors and Sugarloaf
properties situated in Nevada, and the Big Bend gold property, located in
Arizona. Technical reports relating to the properties can be obtained from the
System for Electronic Document Analysis and Retrieval (SEDAR) website at
www.sedar.com.
This release was prepared by management of the Company who takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy
of this news release.
Some statements contained in this release are forward-looking and,
therefore, involve uncertainties or risks that could cause actual results to
differ materially. Such forward-looking statements include comments regarding
mining and milling operations, mineral resource statements and exploration
program performance. Factors that could cause actual results to differ
materially include metal price volatility, economic and political events
affecting metal supply and demand, fluctuations in mineralization grade,
geological, technical, mining or processing problems, exploration programs and
future results of exploration programs, future profitability and production.
The Company disclaims any obligation to update forward-looking statements.
