www.sagegoldinc.com Sage Gold plans to generate cash from production of the existing resources on Clavos and Lynx through project financing, joint venture or sale. CLAVOS PROJECT- HIGHLIGHTS *Permits in place to mine the Clavos gold deposit -Located in prolific Timmins Mining camp (>100 million ozs gold) Existing infrastructure - underground ramp and levels every 25m to the 300m level -NI43-101 Resource Study and PEA completed -Low initial Capex required for potential production … $8.0 million -Joint venture; Sage 60%, St Andrew Goldfields 40% Clavos is located in close proximity to several operating mills Natural Gas pipeline on Clavos Property – Potential Fuel and Power savings -Exploration Potential – deep (400-600m); 2 deep holes: 65.3g/t over 4.2m & 17.4g/t over 1.5m

1. b
Near Term Production
with Exploration Upside
Investor Presentation | June 2017

2. Forward Looking Statements
Statements made in this presentation, other than those concerning historical information, should be considered
forward-looking statements which are subject to various risks and uncertainties. Such forward-looking statements
are made based on management’s belief as well as assumptions made by, and information currently available to,
management.
The Company’s actual results may differ materially from the results anticipated in such forward-looking statements
as a result of a variety of factors. Additional information concerning factors that could cause actual results to
materially differ from those in such forward-looking statements is contained in the Company’s filings with the
securities and regulatory authorities.
Note: Grade and tonnage historical estimates for Headway presented herein are historical in nature and were not
prepared in accordance with 43-101 and has not been verified by a qualified person. and should not be relied on
except to represent an order-of-magnitude estimate of mineral resources notwithstanding that Sage believes the
estimates are based on reliable information prepared by reputable individuals using accurate analytical
techniques. Goldbrook provided the source of the Headway historical estimate.
Sage currently plans on completing a reserve estimate and a prefeasibility study for the Clavos project. In the
event that a production decision is made that is not based on a feasibility study of mineral reserves demonstrating
economic and technical viability prepared in accordance with National Instrument 43-101, readers are cautioned
that there is increased uncertainty and higher risk of economic and technical failure associated with such
production decisions.
2

3. Canadian near term
producer/explorer with two
principal assets in Ontario’s
most significant and historic
mining camps
– Timmins and Beardmore.
3

4. Highlights
CLAVOS
• Timmins, Ontario
• 316,000 ounce Indicated and Inferred gold
project located amongst major industry
players in a world class gold mining camp
• One of the lowest CAPEX in the
industry, $70+ million historically invested by
St. Andrew Goldfields and Sage
• Toll milling agreement – Primero – Stock Mill
• Permits – fully permitted for Production
ONAMAN
• The 100% owned Onaman
Property north of Beardmore, offers
exploration upside - VMS core with
compliant polymetallic
resources on the Lynx stringer
deposit
• Acquired highly prospective VMS
land package contiguous to
Onaman
• Active exploration program
Aggressive goal for both properties
in production 2017 and 2020
4

5. Board of Directors
Management has a long history of
moving grassroots exploration projects into production
Patrick J. Mars
Chairman and Director
Mr. Mars is an independent consultant specializing in mine financing and analysis with over 30 years of experience in the investment
industry. Mr. Mars has acted as Chairman, CEO, or Director for several public-traded mining companies and is currently a Director of
Yamana Gold and Aura Minerals.
Peter Bojtos
Director
Mr. Bojtos is a professional engineer with extensive experience in mineral development and production. Since 1996 following a successful
career as CEO of several companies, Mr. Bojtos serves on mining company boards as an independent Director.
C. Nigel Lees
President, CEO & Director
Mr. Lees is a founder and past director of TVX Gold Inc., a significant gold producer in North and South America, which merged into Kinross
Gold, listed on the TSX and the New York Stock Exchange. Mr. Lees has over 30 years experience in the Canadian investment industry and
is currently a Director of Yamana Gold.
Gary Robertson
Director
Mr. Robertson is a Certified Financial Planner. He has worked in the financial industry for the past twenty years, and presently serves on
the board of several private companies as well as on the board of six Canadian junior gold mining companies.
.Peter Freeman
Director
Mr. Freeman has over 30 year’s experience working in Financial Services in the City of London, including regulatory and compliance
roles within authorised firms and exchanges, as well as board roles in publicly quoted companies. He is a Senior Regulatory Officer at a
UK Recognised Investment Exchange; a Lay member of the Upper Tribunal (Tax & Chancery) and the Probate Committee of the
ICAEW. He is also a director of TSX-V quoted Cabo Drilling Inc., of Capital Lease Aviation PLC and of Jenolan Ltd.
5
Thomas Puppendahl
Director
Mr. Puppendahl is a Managing Partner of Cartesian Royalty Holding PTE Ltd., a gold streaming and royalty company. He is an investment
professional with 25 years of experience in global assets as a portfolio manager, strategist, investment banker and analyst in London, India
and Singapore.

6. Management and Consultants
William D. Love
VP, Business Development
Mr. Love is a geologist who has been involved in mineral exploration in Canada and was part of the world class Hemlo discovery team. He
was also an institutional equity salesperson in London, England, for a Canadian brokerage firm. Mr. Love has spent the last fifteen years as
a venture capitalist and a corporate finance specialist in a variety of resource and technology companies.
C. Nigel Lees
President, CEO & Director
Mr. Lees is a founder and past director of TVX Gold Inc., a significant gold producer in North and South America, which merged into Kinross
Gold, listed on the TSX and the New York Stock Exchange. Mr. Lees has over 30 years experience in the Canadian investment industry and
is currently a Director of Yamana Gold.
David McDonald
Chief Financial Officer
Mr. McDonald brings over 25 years of experience in CFO roles in private and public companies, focusing on the mining industry since
2006. Mr. McDonald is a CPA, CA and holds an Honors Bachelor of Commerce from Laurentian University in Sudbury.
Avrom E. Howard
MSc, P.Geo
Senior Geologist
Mr. Howard obtained a Bachelor of Science degree in Geology from the University of Toronto, and a Master of Science degree in
Economic Geology from the University of Colorado (Boulder). Subsequently, he obtained certification as a Gemologist from the
Gemmological Association of Great Britain. His professional experience spans a wide variety of mineral commodities, geological settings,
countries and continents.
Peter Hubacheck
P.Geo, QP
Senior Geologist
Mr. Hubacheck is a consulting geologist with over 40 years of experience as a project geologist, exploration manager and Qualified
Person for the purposes of NI 43-101, with experience in the exploration for base metals, gold, silver and diamonds in Canada and the
USA. He has participated on exploration discovery and development teams for several companies including Texasgulf, Pan Ocean Oil,
Agnico-Eagle and Sage Gold. He holds a Mining Technologist diploma from the Haileybury School of Mines and Technology and a B.A.Sc.
(Geol. Eng.) degree from the South Dakota School of Mines and Technology.
Bob Ritchie
P.Eng, QP
Project Manager
Mr. Ritchie is a Professional Engineer with over 40 years of experience in mine management and development, feasibility studies and
mine construction. He has worked with several mining companies including Goldcorp, Noranda Mines and St. Andrew Goldfields. He was
responsible for the construction of the Stock (now Brigus Gold) Mill. Mr. Ritchie is a graduate of the Michigan Technological University with
a Bachelor of Science in Geology Engineering. He is also a Qualified Person (QP) as defined by NI43-101.
6

7. Capital Structure
Symbol TSX.V:SGX
Shares Outstanding 76.6 million
Shares Fully Diluted 107.6* million
Current Price $0.22
52 week high/low $0.27/$0.05
Market Cap CAD $17 million
* Excludes 7.8 million restricted Special Warrants exercisable into Units of one common share and one Warrant.
If exercised the shares outstanding will be 76.3 million and fully diluted, 123.1 million.
7

8. Timmins Gold Camp
Clavos Project
8

9. Permitted up to 700 tonnes/day
Recent Highlights - CLAVOS
Life of mine toll milling contract with Primero Mining
Financing in place: $11.5 million
Dewatering and rehabilitation underway
Underground definition and exploration commencing
9

10. Ideal Location
10

11. Mineral Resources 10/2012
Indicated Resources Inferred Resources
Tonnes Gr (g/t Au) Oz Au Tonnes Gr (g/t Au) Oz Au
Hangingwall 595,900 4.92 94,300 119,000 5.60 21,000
Footwall 267,000 5.11 43,900 162,000 4.20 22,000
Contact 237,800 4.45 34,000 - - -
Sediment 66,400 5.07 10,800 243,000 4.20 33,000
Other - - - 112,000 6.00 22,000
Subtotal 1,167,100 4.88 183,000 636,000 4.80 98,000
Indicated Resources Inferred Resources
Tonnes Gr (g/t Au) Oz Au Tonnes Gr (g/t Au) Oz Au
Hangingwall 69,900 4.04 9,100 77,000 5.0 12,000
Footwall 10,200 3.91 1,300 51,000 3.5 6,000
Sediment 11,200 3.51 1,300 32,000 4.7 5,000
Subtotal 91,300 3.99 11,700 160,000 4.5 23,000
Note: The 2012 resources are estimated at a cut-off grade of 2.75 g/t Au, high gold assays are cut to 60 g/t Au and an average long-term gold price of US$1600 per ounce was used.
Hangingwall Zones
Contact Zones
Footwall Zones
Sediment Hosted Zones
Other Zones
0 100 200m
960 ZONEMAIN ZONE
MAIN ZONE 960 ZONE
11

12. 1000 drill intercepts above cut-off
grade to be added to the resource
blocks.
Potential increase in tonnage.
12

13. High grade exploration potential
17.4 gpt/1.5m
N
KC99-154
S
5.9 gpt/0.9m
Looking East
10.9 gpt/0.5m
65.3 gpt/4.2m
Incl. 374.1 g/t over 0.7m
9.4 gpt/1.0m
KC99-155
Contact
Zone
Sediment
Hosted
Zones
KC99-154
KC99-155
Hangingwall Zones
Contact Zones
Footwall Zones
Sediment Hosted Zones
Other Zones
Porphyry
Sediment
Altered Ultramafic
Ultramafic and Volcanics
At depth very good intersections,
and potentially another high
grade mine zone.
Hangingwall
Zone
13

14. Exploration Potential
Plunging high Grade Zones?
?
? ?
1.0 to 2.5
2.5 to 5.0
5.0 to 10.0
10.0 to 50.0
50.0+
Drillhole Au
Legend (gpt)
①
3
3
65.3 gpt/4.2m
7.0 gpt/1.5m
8.4 gpt/0.9m
10.5 gpt/3.4m
9.4 gpt/1.0m
960 ZONEMAIN ZONE Plunging high Grade Zones
Potential connection between
Main Zone and 960 Zone
Extension along strike
(east and west directions)
1
2
3
1
2
3
0 200 400m
14

15. Grade Thickness Map – High Grade Holes
15
KC 99- 137
61.59g/t – 3 m
KC 99-131
94.6g/t – 9.6 m
KC 99-155W
85.15g/t –
3.2 m

16. Recent gold price CDN$1700
Already beyond $1500 base case,
which will will have a materially
positive impact on revenue
and profitability.
16

17. Clavos PEA 2013 Economic Model
GOLD PRICE USD / Oz (Au) $1500/Oz Base Case
Gold Production Oz/Au 145,448
Revenue $CAD million 218.2
Initial Capital Expenditures (100%) - See Note 1 $CAD million 8.0
Sustaining Capital $CAD million 21.1
Total Capital $CAD million 35.1
Operating Expense CAD t/Ore 142.5
Net Smelter Return CAD t/Ore 6.5
Cash flow (undiscounted) – See Note 2 $CAD million 34.0
Pre Tax – See Note 3
Net Present Value (NPV) 8% $CAD million 23.2
Internal Rate Of Return (IRR) % 71%
After Tax
Net Present Value (NPV) 8% $CAD million 12.6
Internal Rate Of Return (IRR) % 47%
Life of Mine Year 7
Payback Period Year 2.00
Note - assumes an exchange rate of 1:1 of CDN to US Dollar;
1. contingency on capital expenditures of 30% and represents 100% ownership
• Initial CAPEX $8 million
• Life of mine $14.1 million
2. tax rates are based on a blended rate between Sage and SAS
3. excludes any financing costs
The PEA does not indicate the economic viability of the mineral resource and is preliminary in nature, includes inferred resources that are
considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as
mineral reserves and that there is no certainty that the PEA will be realized. Mineral resources that are not mined reserves do not have
demonstrated economic viability.
17

18. Onaman Property
Lynx Deposit
18

19. Situated in NW Ontario
Path to Production … & Beyond
1
Lac Des Iles
(palladium‐platinum)
0 35 70km
Onaman
Property
Ontario
Northern Empire
Mine (gold)
Leitch Mine
(gold)
Brookbank Deposit
(gold)
Hemlo (gold)
11
N
11
North American Palladium Ltd.
Premier Gold Mines Ltd. & Centerra Gold Inc.
Premier Gold Mines Ltd.
Barrick Gold Corp.
Sage Gold Inc.
Clavos
Property
Hardrock/Trans Canada
Deposit (gold)
Mattabi Mine
(zinc‐copper‐silver)
Laurion Minerals Exploration Inc.
Marshall Lake Property
(copper‐zinc‐silver‐gold)
Copper Lake Resources Ltd.
Other Company
Wawa
Subprovince
Younger
Rocks
Wabigoon
Subprovince
Archean
Metasediments
Ishkoday Property
(copper‐gold)
Lake Superior
ONAMAN PROPERTY
(copper‐gold‐zinc‐silver)
Gold‐dominant southern sedimentary belt
Polymetallic northern volcanic belt
TRANS CANADA HIGHWAY
TRANS CANADA HIGHWAY
Northwestern Ontario
Onaman Property
Thunder Bay
Marathon
Beardmore
Geraldton
Lake
Nipigon
19

20. Exploring for High Value VMS Deposits
Volcanic-hosted polymetallic sulfide (VMS)
deposits are extremely attractive
exploration targets:
• Mix of copper-lead-zinc-gold-silver
• Hedge against fluctuating metal prices
• Deposits can range from under 1 to over 100
million tonnes
• Large, discrete lenses of high value ore enables
cost-effective mining
• Smaller surface and environmental footprint
• VHMS deposits tend to occur in clusters
• Additional discoveries often following one upon
the other
20

21. Onaman Property: On the verge of discovery
Historical exploration (1940s) led to discovery
of the Headway deposit, hosting 739,400 tons
averaging 3.15% zinc and 31 g/t silver (Non-
Compliant Historical Resource)
Recent exploration (2000s) led to the
discovery of the Lynx deposit with a
Compliant Inferred Resource of 1.936 million
tonnes averaging 1.44% copper, 39.6 g/t
silver and 0.58 g/t gold
Both deposits fit perfectly within the context
of a classic VMS setting, with the main
deposit remaining to be found
Historical and current geological mapping has
documented numerous features associated
with the VMS setting
21

22. Milestones
CLAVOS
Q3 2012 Fully Permitted
Q1 2013 PEA Completed
Q3 2016 Finalized all regulatory and
logistical production requirements
Q4 2016 Signed Life of Mine milling contract
Production permit 700 tonnes/day
Q1 2017 Dewatering and rehabilitation underway
Q1 2017 Surface Exploration Drill program completed
Underground definition and exploration
drilling commences
Q3/4 2017 Production begins
ONAMAN
Q3 2016 Complete surface mapping of
the IBZ zone
Mapping to identify new zone
and link to previous Sage geophysics
Analyzing previously discovered
massive sulphide float bolder
Q4 2016 Interpretation of data with the aim of
selecting drill targets in IBZ
Q1 2017 Acquired Strategic Property
Q1 2017 Surface Drill program completed
Q3 2017 Summer Exploration program begins
22

23. Two properties, situated in established mining camps near industry players, offer production
potential with low CAPEX, exploration upside and commodity diversification.
Why invest?
Clavos – Dewatering, Drilling Q1/2 2017, Production Q3 2017, new Gold structures to be drilled
Onaman - VMS targets selected, Acquired Strategic Property, Drilling Q1 2017
Rerating event – Project Financing – non-dilutive, Clavos Production, Onaman New Discoveries,
Timmins camp consolidating
Strong financial backing, and broad shareholder base.
23

24. With production, development and exploration
stage assets consisting of both base and
precious metals, an experienced and dedicated
management team, commodity diversification and
a renewed metals bull market underway,
Sage is poised for significant appreciation.
24

25. CONTACT
Sage Gold Inc.
67 Yonge St., Suite 808
Toronto, ON M5E 1J8
Tel.: 416-204-3170
Fax: 416-860-9349
Karen Levy
info@sagegoldinc.com
25