CNQ

CNQ

February 28, 2005 15:41 ET

CNQ Bulletin: Canadian Trading and Quotation System Inc.-Sahelian Goldfields-Consolidation


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CNQ

FEBRUARY 28, 2005 - 15:41 ET

CNQ Bulletin: Canadian Trading and Quotation System
Inc.-Sahelian Goldfields-Consolidation

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2005) - Sahelian Goldfields
Inc. has announced a name change to Sage Gold Inc. and a share
consolidation on the basis of one (1) post consolidation common share
for every twenty-five (25) pre-consolidation common shares effective
March 3, 2005. Any fractional shares will be adjusted downward to the
next whole post consolidation common share.

The common shares of Sage Gold will trade on Thursday, March 3, 2005 on
a consolidated basis.

Open orders for Sahelian Goldfields will be purged from the trading
system at the close of business on Wednesday, March 2, 2005.

To receive certificates representing common shares of Sage Gold Inc. on
a post-consolidated basis, registered shareholders should follow the
instructions set out in the letter of transmittal and send their
Sahelian Goldfields Inc. common share certificates, together with the
letter of transmittal, to Equity Transfer Services Inc., the registrar
and transfer agent of the Company.

The Sage common shares have been assigned a new Cusip number, 78663T 10
0. The trading symbol will remain "SAGE"

Sage Gold Inc.

Effective Date: Thursday, March 3, 2005

Trading Symbol: SAGE

New CUSIP: 78663T 10 0


If you have any questions or require further information about this or
anything else about CNQ please contact:

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Canadian Trading and Quotation System Inc. (CNQ)
    Radhika Joseph
    (416) 572-2000 X 2435
    (416) 572-4160 (FAX)
    E-mail: radhika.joseph@cnq.ca
    www.cnq.ca
    or
    Canadian Trading and Quotation System Inc. (CNQ)
    Mark Faulkner
    (416) 572-2000 X 2305
    E-mail: mark.faulkner@cnq.ca