TORONTO, ONTARIO--(Marketwire - May 21, 2008) - Sage Gold Inc. (TSX VENTURE:SGX) ('Sage') announces that the Board of Directors of the Company has approved the grant of a total of 350,000 options to three consultants under the Company's Incentive Stock Option Plan. The options vest in equal quarterly instalments over a period of 1 year and may be exercised for a term of five (5) years from the date of grant at an exercise price of $0.25. The options are subject to a statutory hold period of 4 months from the date of grant.

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This release was prepared by management of the Company who takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.