Sage Drills 28.89 g/t (0.84oz/t) Gold Over 1.3 Metres at Clavos Mine in Timmins

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2011) - Sage Gold Inc. (TSX VENTURE:SGX) has completed six drill holes of the 12 drill hole program in the first phase of drilling on the western extension at the Clavos mine in Timmins, Ontario. The drilling is designed to upgrade inferred ounces into the indicated category within the footwall zone (FW) and to add ounces into the resource within the hanging wall (HW) and FW zones. Hole CL-11-01 assayed 28.89 g/t Au (15.39 g/t cut to 60 g/t) over 1.3 metres and was outside of the inferred resource block identified in the St Andrew Goldfields Inc. (SAS) resource of October 2006. Refer to St Andrew Goldfields Ltd. profile on www.sedar.com. Holes CL-11-02 through CL-11-05 are also being drilled west of the previous resource block and thus could potentially identify new resource ounces.

The present drilling also intersected several low grade gold mineralized intercepts within porphyries. The porphyries occur between the HW and FW zones and the gold mineralization within the porphyries was excluded from the resource calculation in the SAS compliant resource of October 2006. The results to date are as follows:

CLAVOS 2010-11 DRILL PROGRAM

HOLE ID	SAMPLE	FROM	TO	WIDTH(M)	AU (GPT)	COMPOSITE (AU
	ID					GPT/M)
				metre	grams/tonne	grams/tonne/metre
CL-10-01	E680528	125	126	1	4.13	4.13/1.0
	E680532	127.46	128.1	0.64	1.065	1.065/0.64
	E680546	136.45	137	0.55	1.99	1.99/0.55
	E680560	154.4	155.28	0.88	11.05	11.05/0.88
	E680567	159.59	160.28	0.69	2.15	2.15/0.69
	E680575	166	167	1	2.32	2.32/1.0
CL-10-02	E680603	66	67.09	1.09	1.045	1.026/1.87
	E680604	67.09	67.87	0.78	1
	E680633	226.79	227.5	0.71	1.465	1.465/0.71
	E680652	239	239.5	0.5	1.615	1.615/0.5
CL-10-03	NSV
CL-10-04	E680763	101	101.5	0.5	1.295	1.23/1.0
	E680764	101.5	102	0.5	1.17
	E680767	103	103.5	0.5	2.35	2.35/0.5
	E680774	112	112.83	0.83	1.005	1.005/0.83
	E680786	142	143.5	1.5	1.29	1.29/1.5
	E680789	144.25	145	0.75	3.07	3.07/0.75
CL-10-05	E680842	234.15	235.22	1.07	1.975	1.975/1.07
	E680854	247	248	1	0.983	1.078/2.77
	E680855	248	249	1	0.994
	E680857	249	249.77	0.77	1.31
CL-11-01	E680909	107.5	108	0.5	1.255	1.06/1.5
	E680911	108	109	1	0.956
	E680923	117.9	119	1.1	2.95	2.95/1.1
	J923351	139	139.5	0.5	1.42	28.89/1.3
	J923353	139.5	140	0.5	2.59	15.39/1.3 CUT 60GPT
	J923354	140	140.3	0.3	118.5	>10 specks VG
	E680961	146	147	1	3.6	2.969/1.8
	E680962	147	147.8	0.8	2.18

Note:	Assays results still pending from Holes CL-10-05 and CL-11-01 Interval widths reported are drill intercept widths and not true widths

Upon completion of the western drilling, the drill program will shift to the eastern extension of the mineralized horizon where historic drilling has identified high grade gold mineralization outside of the volume encompassed by the 2006 resource. Historic operators on the property have drilled an approximate total of 150,000 metres of surface and 42,000 metres of underground drilling. Historic drilling included two sections of holes which yielded the following results:

EASTERN DRILL TARGETS - HISTORICAL DRILL HOLES

SECTION ID	HOLE ID	FROM	TO	WIDTH (M)	AU (GPT)
514450E	KC99-148	282	282.5	0.5	19.93
		345	348.5	3.5	8.784
		383.6	386.1	2.5	4.108
514510E	KC99-150	184.7	185.1	0.4	12.57
		243	246.7	3.7	3.113
	including	244.7	246.1	1.4	6.189
514780E	CL-109	238.5	239.5	1.0	11.16
514810E	CL-167	103	108	5.0	10.272
	CL-212	167	174	7.0	2.59
	including	167	171	4.0	3.56
		191	196	5.0	3.08
	including	192	195	3.0	4.15
514870E	CL-107	68	70	2.0	5.92
		156	157	1.0	4.41
	CL-210	127	130	3.0	8.5
	including	127	129	2.0	11.965

Note:

Interval widths reported are drill intercept widths and not true widths

The historic drilling has been validated by consulting Geologist David Gliddon P.Geo. of Glider Geoservices Inc and Scott Wilson Roscoe Postle Associates Inc. These results are part of the drill database and current drilling will be aimed at testing the mineralized zone along strike at 30 metre spacing. The intention is to generate new inferred ounces for an updated resource. There is 1.6 km of strike length east of the October 2006 resource to the eastern boundary of the Clavos property.

Sage has optioned the Clavos mine from St Andrew Goldfields Ltd. (TSX:SAS) and can earn into a 60% interest over a three year period.

The Clavos mine is located north of the Pipestone Fault which marks the contact between the Porcupine sedimentary rocks to the south and volcanic rocks to the north. The deposit is localized in east-west to east-northeast trending high strain zones within ultramafic rocks defined by lenses of sericite-carbonate with some fuchsite alteration and hosts several small porphyry intrusive bodies in a 50-70m wide zone, termed the "DL Zone". This lies from 10-50m north of the sedimentary-volcanic contact. There are four mineralized zones at Clavos termed the Hangingwall, Footwall, Contact and Porphyry Zones. Gold mineralization occurs in two styles of quartz veins: a) early grey quartz veins, and b) quartz extension veins, sigmoidal extension vein arrays, and associated shear veins, which form veining networks. The latter phase of veining is geometrically, temporally and texturally compatible with formation during the main stages of gold mineralization in the central Timmins camp.

The technical content of this news release has been reviewed and approved by Sage's consulting Geologist David Gliddon P.Geo. of Glider Geoservices Inc., who is a qualified person as defined by NI 43-101.

The historic surface drill hole assay results highlighted (above were drilled by Canamax (1986- 87) and Kinross Gold Corp. (1999). Sage is unable to verify the sampling, sample preparation, assaying, and QA/QC procedures of Canamax and Kinross Gold to meet industry standards at the time of drilling. These surface hole results are only being used as a guide to the current round of drilling.

QA/QC Program Protocols

Sage Gold Inc. has implemented a rigorous QA/QC program using best practice principles are being applied to the sampling/analysis of the drill core and complies with National Instrument 43-101 requirements for the Clavos property. The NQ core is delivered to the secure core shack facility on site by the drill contractor and/or Sage personnel. Prior to splitting, all drill core is photographed. Core splitting is done with a diamond core saw and 1/2 of the drill core is submitted to ALS Chemex Laboratories, an accredited laboratory for analysis. The remainder of the core is stored at the Clavos Mine Property. All samples are shipped in sealed bags with numbered security tags and transported in a company truck from the property to ALS Chemex Laboratories preparation lab in Timmins, ON.

Sage routinely inserts certified standards, blanks and field duplicate samples into the sample stream. The certified analytical standards were supplied by CDN Resource Laboratories Ltd. The sample preparation procedures for drill core samples consist of crushing the samples to 70% minus 9 mesh (2mm), pulverizing a 500g sub-sample to 85% minus 200 mesh (75um), and analyzed by standard fire assay (FA) method using a 30 gram sample with AA finish and any samples assaying greater than 5.0 gpt Au are re-analyzed using a gravimetric finish. For mineralized zone intervals where visible gold is observed to be present, samples are submitted for analysis using the metallic screen method where the entire half core is crushed, pulped and screened to 100 mesh. The screen coarse and fine fractions are analyzed by fire assay (FA) method with a gravimetric finish and the total assay result is calculated. The ALS Chemex and internal Sage QA/QC samples are routinely monitored for contamination, accuracy and precision by an independent consultant.

The company confirms that the expiry date of the options announced December 24, 2010 is November 15, 2015.

SAGE is a mineral exploration and development company which has primary interests in near – term production and exploration properties in Ontario. Its main properties are the Clavos Gold mine in Timmins and the Lynx deposit and other exploration properties in the Beardmore - Geraldton Gold Camp. Technical reports and information relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com and www.sagegoldinc.com

This release was prepared by management of the Company who takes full responsibility for its contents.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. Some forward looking statements and forward looking information contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward- looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production. The Company disclaims any obligation to update forward-looking statements.