Dear Shareholder,

The following response was provided by Sage Gold Inc. Chief Geologist Bill Love.

It is possible to work in Arizona in the summer from sunrise until noon after that it would be too hot. Gold Hill is reasonably high so there is marked difference in temperature from the bottom to the top of the mountain.  We have visited the workings at Gold Hill in the summer and found that it was quite comfortable. We are presently thinking about Big Bend as it will require drilling to prove up a resource. We are planning to do some field work there during the summer and possible drilling in the winter.

Regards,

AGORACOM Investor Relations