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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: sageyrain who wrote (17713)	8/9/2006 11:08:10 PM
From: GoldBull no bug here	Read Replies (1) of 78416

sage - FWIW - I picked this up off of SH re: SGX - - - This was sent and received today: Dear Mr. O'Brien: As a shareholder, I have a significant stake in Sage Gold and wondered if you could provide an update regarding when growth-related news would be made available to the public. Thank you, (BB) Hi (BB), thank you for your query and support. We will have a News Release next week on assay results from our Onaman property in Beardmore, Ontario . We are presently drilling this site to explore mineralization down to 150 metres ( 450 ft) in the areas where we are going to commence a small scale, open pit mining operation in October ’06. We will be mining from surface to 4 metres in an open pit scenario, approximately 10,000 tonnes containing Gold, silver, Lead, Copper and Zinc. This will generate a positive cash flow for SAGE allowing us to further acquire “mineable” resource properties with our ultimate goal to become a producer. We will also commence drilling our Pony Spur property in Nevada within 4-6 weeks time which will coincide with the Las Vegas Precious Metals Conference where we will be exhibiting. Pony Spur is extremely close to Grandview Gold’s Pony Creek property which has a 1.45 million oz. Gold reserve. July and August are historically very slow months but we’ve been very busy conducting presentations to the brokerage community here in Toronto and Europe. We anticipate a very strong and busy September – January and are confident our share price will reflect our efforts. I trust this answers your questions and please feel free to call me anytime to discuss our progress. Thank you. Kind Regards, Mike O'Brien Manager/Investor Relations SAGE GOLD INC. 365 Bay St., Suite 500 Toronto, Ontario M5H 2V1 Phone: 416-204-3170 Ext. 238 Cell: 416- 559-4624 Fax: 416-260-2243 www.sagegoldinc.com TSX.V: SGX

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