Sage Gold Engages Investor Relations Group

TORONTO, ONTARIO--(Marketwire - March 7, 2012) - Sage Gold Inc. (TSX VENTURE:SGX) ("Sage") is pleased to announce that it has engaged Investor Cubed Inc. ("Investor Cubed" or "ICI") to provide investor relations and shareholder communications services effective March 6, 2012.

In connection with the engagement, Investor Cubed has been awarded a consulting contract paying $5,000 per month for a term of twelve months. In addition, Investor Cubed has been granted options to purchase 300,000 shares of Sage at a price of thirteen cents ($0.13) per share. The options will vest quarterly over a period of one year and will be governed by the provisions of Sage's stock option plan.

About Investor Cubed

Investor Cubed Inc. provides specialized investor relations and business consulting services to a select group of leading emerging and mid-capitalization public companies. Investor Cubed has an established national network of financial industry professionals including investment advisors, bank owned investment dealers and leading independent financial firms. In addition, Investor Cubed introduces and manages national online and off-line marketing initiatives.

SAGE is a mineral exploration and development company which has primary interests in near -term production and exploration properties in Ontario. Its main properties are the Clavos Gold deposit in Timmins and the Lynx deposit and other exploration properties in the Beardmore-Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com.

This release was prepared by management of the Company who takes full responsibility for its contents.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. Some forward looking statements and forward looking information 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.