Dear Shareholder,

Thank you for your inquiry. The following response was provided by Sage Gold management:

Thanks for your comments. Gold Hill will commence underground work before year end and we do plan to drill there this winter. Dixie Fork is in the permitting process right now and will be announced separately. The Kerrs property is ready to go as soon as a drill can be secured. There is a severe shortage of available drills and we will announce Kerrs once a drill has been confirmed.

Regards,

AGORACOM Investor Relations