Dear Sage Gold Inc. Shareholders,

In an effort to keep you up to date on all pertinent information regarding Sage Gold Inc., please see the attached article titled, "Barrick pays $557-million to exit hedges"

Barrick's status as an unhedged gold producer marks the end of an era for the company, which adopted hedging, or forward gold sales, as a way to buffer itself against flat or falling gold prices. It turned away from the practice when investors began to shun gold producers that didn't have full exposure to rising gold prices, which have more than doubled over the past five years.

Regards,

AGORACOM Investor Relations

Barrick pays $557-million to exit hedges

WENDY STUECK

VANCOUVER — — — Barrick Gold Corp. has shaken off its golden handcuffs, announcing yesterday that it has eliminated the last of sales contracts that prevented the company from taking full advantage of rising gold prices.

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