Good morning guys,

I do not know if I am allowed by Jim Sinclair to copy and paste his articles over to this site because at the bottom of the article it specifically says all rights reserved.

I would ask you folks to read what he wrote and addressed to CIGA's. It was published on Sat. April 26th from-THE CHAIRMAN'S CORNER and was entitled, "Depressed about gold shares - Especially juniors?"

Explainations for what is happening in the junior sector [especially gold] and IMO, accusations are being made in that article and if I read it correctly, Sage Gold, is among the companies that fall into the intended catagory of those with an agenda. Please note that Sage was not mentioned by name but guys/gals if you want answers to why Sage can come out with a solid nr and have the stock go down, I invite you to include the perspective that this professional, who has the reputation and credentials, offers in that well written article.

Respectfully written,

Jerry Francis

P.S. Note that we have had no indications of a takeover at Sage nor have we heard about any confidentiality agreements being in place. Also with respect to Jim's message, Sage is not sitting cash strapped.