New Sage Energy Corp.

New Sage Energy Corp.

April 13, 2012 20:00 ET

New Sage Energy Corp. Notice of Transfer to NEX

TORONTO, ONTARIO--(Marketwire - April 13, 2012) - New Sage Energy Corp. ("New Sage" or the "Company") (TSX VENTURE:NSG.H) announces that the TSX Venture Exchange (the "Exchange") has transferred the Company's listing to the NEX board of the Exchange ("NEX") effective April 11, 2012. The Company's common shares now trade under the symbol "NSG.H".

NEX is a separate board of the Exchange designed to provide a forum for the trading of publicly-listed companies while they seek and undertake transactions in furtherance of their reactivation as companies that will carry on an active business, and is better suited to the Company's level of business activity and asset base at this time in its development.

The Company continues to explore joint ventures and other business opportunities aimed at creating shareholder value for New Sage shareholders. New Sage does not expect the transfer of its listing to the NEX to materially impact its strategy. The Company wishes to sincerely thank its shareholders for their support and patience throughout this process.

About New Sage Energy Corp.

New Sage Energy Corp. is a Canadian exploration and development company focused on oil and gas opportunities.

Forward Looking Statements

Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. The words "may", "attempt", "expect", "will" and similar expressions are intended to identify forward-looking information. Such information reflects New Sage's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements that may be expressed or implied by such forward-looking statements to vary from those described herein should one or more of these risks or uncertainties materialize. In particular, there can be no assurance that the transfer of its listing to the NEX will not materially impact the Company's strategy. Except as required by law, New Sage does not assume any obligation to update or revise the forward looking statements contained in this press release to reflect actual events or new circumstances.

Neither the TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

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