Sage Gold Inc.: 136.5 g Au/T-Jacobus East Channel Results

TORONTO, ONTARIO, Sep 02 (MARKET WIRE) --
Sage Gold Inc. (TSX VENTURE: SGX) has completed 13 channel cuts and 26
channel samples on the Jacobus East - Golden Extension vein structure -
in the Beardmore/Geraldton Gold Camp (BGGC).

Highlights:

- 136.5 g Au/T (3.98 oz/t) over a channel width of 0.50 metres
- Visible gold associated with sulphides
- Along strike directly north west of the Golden Mile discovery
- Channel samples over 12 metres of strike length
- Gold mineralization throughout vein

----------------------------------------------------------
Golden Extension Width (m) Au (g/t)
----------------------------------------------------------
CH-01-08 0.69 2.08
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CH-02A-08 0.22 1.5
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CH-02B-08 0.41 1.05
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CH-03A-08 0.50 0.09
----------------------------------------------------------
CH-03B-08 0.50 13.7
----------------------------------------------------------
CH-04A-08 0.50 0.04
----------------------------------------------------------
CH-04B-08 0.50 81.1
----------------------------------------------------------
CH-05A-08 0.50 0.05
----------------------------------------------------------
CH-05B-09 1.00 0.44
----------------------------------------------------------
CH-05C-10 0.50 136.5
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CH-05D-11 0.50 1.18
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CH-06A-08 0.50 0.44
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CH-06B-08 0.50 49.6
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CH-06C-08 0.35 0.91
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CH-07A-08 0.50 1.12
----------------------------------------------------------
CH-07B-08 1.00 10.05
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CH-07C-08 0.30 0.03
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CH-08A-08 0 50 4 27
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CH-08B-08 0.50 0.01
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CH-09A-08 0.50 0.43
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CH-09B-08 0.50 0.38
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CH-10A-08 0.50 9.07
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CH-11A-08 0.50 7.96
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CH-11B-08 0.50 0.21
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Ch-12A-08 0.50 0.86
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CH-04.5A-08 0.50 30.4
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Golden Extension - Jacobus East - BGGC

This project area on the eastern side of the Jacobus property lies along
strike and five kilometres directly to the north-west from the Kodiak
Exploration Ltd. "Hercules" gold veins, which includes the high grade
"Golden Mile" vein system. In a 31 July 2008 News Release, Sage Gold
reported on the results of winter work and results of two grab samples
from quartz veins from the Golden Extension which yielded 30.1 and 47.9 g
Au/T (within a range of 0.008 g Au/T to 47.93 g Au/T) respectively from
an area near the eastern property boundary. A second vein located near
Hindson Lake approximately two kilometres west of the eastern vein
system, returned a grab sample of 14.8 g Au/T.

Current and ongoing work to expose veins on the Golden Extension showing
is revealing an extensive network of gold-bearing
quartz-carbonate-feldspar-pyrite-chalcopyrite veins. The main vein trends
approximately 110o and is hosted within a feldspar phyric mafic
volcaniclastic. Its width varies between 10cm to 1m and has been exposed
via hand trenching for over 12m. Free gold in the grab and channel
samples occurs as fine-grained specks intimately associated with
sulphides. Free gold is also apparent in the soil above the vein. Results
from ongoing trenching and channel sampling are shown in the accompanying
table. Further samples of quartz veins in the immediate area have been
submitted for assay.

A plan map of the distribution of the channels at the Golden Extension
showing is available at www.sagegoldinc.com.

Assays reported in this news release were completed by ALS Chemex in
Thunder Bay. Sample preparation was completed in the Thunder Bay facility
of ALS Chemex and prepared samples were shipped to the ALS facility in
Vancouver. The gold, silver, copper, lead and zinc assays were obtained
through atomic absorption testing with fire assay finish for the high
grade gold values.

The Jacobus project is supervised by Exploration Geoscience Associates of
Orillia, under the direction of Ulrich Kretschmar, Ph.D, P.Geo (APGO
#1160). Dr. Kretschmar has extensive mineral exploration experience in
Archean terrain, is a qualified person as defined by NI 43-101 and is
responsible for the technical content of this news release.

SAGE is a mineral exploration and development company which has interests
in exploration properties in Ontario , Nevada and Arizona. Its main
properties are the Jacobus, Onaman and Kerrs properties in Ontario, the
Pony Spur and Sugarloaf properties situated in Nevada, and the Gold Hill
property 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.

For all Sage Gold Inc. investor relations needs, investors are asked to
visit the Sage Gold Inc. IR Hub at http://www.agoracom.com/IR/sagegold
where they can post questions and receive answers within the same day, or
simply review questions and answers posted by other investors.
Alternatively, investors are able to e-mail all questions and
correspondence to sgx@agoracom.com where they can also request addition
to the investor e-mail list to receive all future press releases and
updates in real time.

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.

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.

Contacts:
Sage Gold Inc.
Nigel Lees
President and C.E.O.
(416) 204-3170
(416) 260-2243 (FAX)

Sage Gold Inc.
Mike O'Brien
Manager/Investor Relations
(416) 204-3170
(416) 260-2243 (FAX)
Website: www.sagegoldinc.com

Copyright 2008, Market Wire, All rights reserved.

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