Toronto, Ontario CANADA, March 01, 2007 /FSC/ - Sage Gold Inc. (SGX - TSX Venture), announces that the Board of Directors have approved the issuance of Two Hundred and Fifty Thousand (250,000) share options to a company, AGORACOM Investor Relations ("AGORACOM"). This grant of share options is a term of an agreement between Sage and AGORACOM in which AGORACOM will provide investor relations services to Sage for a period of Twelve (12) months in return for Three Thousand Dollars ($3000.00) per month and the share options. The share options are at an exercise price of $0.12 per share. The options have a term that ends two (2) years after the date of grant ("Date of Grant") and vest:
(a) one-fourth (1/4) of the Two Hundred and Fifty Thousand (250,000) share options on the three (3) month anniversary date of the Date of Grant;
(b) one-fourth (1/4) of the Two Hundred and Fifty Thousand (250,000) share options on the six (6) month anniversary date of the Date of Grant;
(c) one-fourth (1/4) of the Two Hundred and Fifty Thousand (250,000) share options on the nine (9) month anniversary date of the Date of Grant; and
(d) one-fourth (1/4) of the Two Hundred and Fifty Thousand (250,000) share options on the twelve (12) month anniversary date of the Date of Grant.
Although the share options vest in quarterly amounts over the next Twelve (12) months, AGORACOM has elected not to exercise any such options until after the first Twelve (12) months of its provision of services.
A further News Release will be issued jointly by Sage and AGORACOM outlining the terms of the agreement between the parties as well as the hard launch of the program.
This grant of share options and the agreement are all subject to receipt of all necessary regulatory approvals.
The objective of this agreement is two-fold. First, to create effective communication between Sage, its shareholders and the investment community through AGORACOM's internet based investor relations system. Effective immediately, a customized and monitored Sage Gold IR HUB (http://www.agoracom.com/IR/sagegold) will allow both Sage and AGORACOM to communicate with all investors simultaneously, anytime and in real-time, while providing shareholders with equal access and complete transparency to all investor relations communications. The IR HUB will also provide one-click access to all critical Sage IR information, as well as, an executive audio address. In addition, the IR HUB provides investors with a monitored discussion forum for the purposes of constructive and high-quality discussion about the Company that is free of spam, bashing, hyping and profanity.
Second, AGORACOM will be responsible for raising Sage Gold's awareness amongst retail investors for the purposes of attracting new and prospective shareholders. As an exclusive small-cap content provider to Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet. AGORACOM will provide Tier-1 financial coverage of all meaningful Sage Gold press releases.
SAGE is a mineral exploration and development company listed and trading on the TSX Venture Exchange (SGX). SAGE has interests in exploration properties in Ontario and Quebec, Nevada and Arizona. Its main properties are the Onaman Jacobus and Kerrs properties in Ontario, the Dixie Fork, Triple Junction, Pony Spur, Dike, properties situated in Nevada, and the Big Bend gold property, located in Arizona. Technical reports relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nigel Lees, President and C.E.O.,
or
Mike O'Brien, Manager/Investor Relations
Phone: 416-204-3170
Fax: 416-260-2243
