1. 1 Near Term Production with Exploration Upside Investor Presentation | August 2016

2. Forward Looking Statements Statements made in this presentation, other than those concerning historical information, should be considered forward-looking statements which are subject to various risks and uncertainties. Such forward-looking statements are made based on management’s belief as well as assumptions made by, and information currently available to, management. The Company’s actual results may differ materially from the results anticipated in such forward-looking statements as a result of a variety of factors. Additional information concerning factors that could cause actual results to materially differ from those in such forward-looking statements is contained in the Company’s filings with the securities and regulatory authorities. Note: grade and tonnage historical estimates for Headway presented herein are historical in nature and were not prepared in accordance with 43-101 and has not been verified by a qualified person. and should not be relied on except to represent an order-of-magnitude estimate of mineral resources notwithstanding that Sage believes the estimates are based on reliable information prepared by reputable individuals using accurate analytical techniques. Goldbrook provided the source of the Headway historical estimate. 2

3. Canadian near term producer/explorer with two principal assets in Ontario’s most significant and historic mining camps – Timmins and Beardmore. 3

4. Highlights CLAVOS 320,000 ounce Indicated and Inferred gold project located amongst major industry players and adjacent to Primero NI 43-101 compliant deposit is 40% owned by partner Kirkland Lake Gold One of the lowest CAPEX in the industry, $35 million already spent ONAMAN The 100% owned Onaman Property north of Beardmore, offers exploration upside - VMS core with compliant polymetallic resources on the Lynx stringer deposit 4 Aggressive goal for both properties in production 2017 and 2019

5. Board of Directors 5 Management has a long history of moving grassroots exploration projects into production Patrick J. Mars Chairman and Director Mr. Mars is an independent consultant specializing in mine financing and analysis with over 30 years of experience in the investment industry. Mr. Mars has acted as Chairman, CEO, or Director for several public-traded mining companies and is currently a Director of Yamana Gold, Aura Minerals and Selwyn Resources. Peter Bojtos Director Mr. Bojtos is a professional engineer with extensive experience in mineral development and production. Since 1996 following a successful career as CEO of several companies, Mr. Bojtos serves on mining company boards as an independent Director. C. Nigel Lees President, CEO & Director Mr. Lees is a founder and past director of TVX Gold Inc., a significant gold producer in North and South America, which merged into Kinross Gold, listed on the TSX and the New York Stock Exchange. Mr. Lees has over 30 years experience in the Canadian investment industry and is currently a Director of Yamana Gold. Gary Robertson Director Mr. Robertson is a Certified Financial Planner. He has worked in the financial industry for the past twenty years, and presently serves on the board of several private companies as well as on the board of six Canadian junior gold mining companies. Sandy Chim Director Mr. Chim is an international business executive. He is the President and CEO of Century Global Commodities Corp, a director of Augyva Mining Resources Inc. and non executive director of Prosperity Minerals Holdings Limited. Mr.Chim resides in Kowloon, SAR, Hong Kong, PRC. Peter Freeman Director Mr. Freeman has over 30 year’s experience working in Financial Services in the City of London, including regulatory and compliance roles within authorised firms and exchanges, as well as board roles in publicly quoted companies. He is a Senior Regulatory Officer at a UK Recognised Investment Exchange; a Lay member of the Upper Tribunal (Tax & Chancery) and the Probate Committee of the ICAEW. He is also a director of TSX-V quoted Cabo Drilling Inc., of Capital Lease Aviation PLC and of Jenolan Ltd.

6. Management and Consultants 6 William D. Love VP, Business Development Mr. Love is a geologist who has been involved in mineral exploration in Canada and was part of the world class Hemlo discovery team. He was also an institutional equity salesperson in London, England, for a Canadian brokerage firm. Mr. Love has spent the last fifteen years as a venture capitalist and a corporate finance specialist in a variety of resource and technology companies. C. Nigel Lees President, CEO & Director Mr. Lees is a founder and past director of TVX Gold Inc., a significant gold producer in North and South America, which merged into Kinross Gold, listed on the TSX and the New York Stock Exchange. Mr. Lees has over 30 years experience in the Canadian investment industry and is currently a Director of Yamana Gold. David McDonald Chief Financial Officer Mr. McDonald brings over 25 years of experience in CFO roles in private and public companies, focusing on the mining industry since 2006. Mr. McDonald is a CPA, CA and holds an Honors Bachelor of Commerce from Laurentian University in Sudbury Avrom E. Howard MSc, P.Geo Mr. Howard obtained a Bachelor of Science degree in Geology from the University of Toronto, and a Master of Science degree in Economic Geology from the University of Colorado (Boulder). Subsequently, he obtained certification as a Gemologist from the Gemmological Association of Great Britain. His professional experience spans a wide variety of mineral commodities, geological settings, countries and continents. Peter Hubacheck P.Geo, QP Mr. Hubacheck is a consulting geologist and President of W. A. Hubacheck Consultants Ltd. With over 35 years of experience as a project geologist, exploration manager and Qualified Person for the purposes of NI 43-101, with experience in the exploration for gold, silver, base metals, uranium and diamonds in Canada and the USA. He holds a Mining Technologist diploma from the Haileybury School of Mines and Technology and a B.A.Sc. (Geol. Eng.) degree from the South Dakota School of Mines and Technology Mr. Ritchie is a Professional Engineer with over 40 years of experience in mine management and development, feasibility studies and mine construction. He has worked with several mining companies including Goldcorp, Noranda Mines and St. Andrew Goldfields. He was responsible for the construction of the Stock (now Brigus Gold) Mill. Mr. Ritchie is a graduate of the Michigan Technological University with a Bachelor of Science in Geology Engineering. He is also a Qualified Person (QP) as defined by NI43-101. Bob Ritchie P.Eng, QP

7. Capital Structure SymbolTSX.V:SGX Shares Outstanding36.6 million Shares Fully Diluted45.4 million Current Price$0.095 52 week high/low$0.105/$0.025 Market CapCAD $3.5 million 7 As at August 3, 2016

8. Timmins Gold Camp Clavos Project 8

9. Ideal Location 9

10. Mineral Resources 10/2012 10 Indicated ResourcesInferred Resources TonnesGr (g/t Au)Oz AuTonnesGr (g/t Au)Oz Au Hangingwall 595,9004.9294,300119,0005.6021,000 Footwall 267,0005.1143,900162,0004.2022,000 Contact 237,8004.4534,000--- Sediment 66,4005.0710,800243,0004.2033,000 Other ---112,0006.0022,000 Subtotal 1,167,1004.88183,000636,0004.8098,000 Indicated ResourcesInferred Resources TonnesGr (g/t Au)Oz AuTonnesGr (g/t Au)Oz Au Hangingwall69,9004.049,10077,0005.012,000 Footwall10,2003.911,30051,0003.56,000 Sediment11,2003.511,30032,0004.75,000 Subtotal91,3003.9911,700160,0004.523,000 Note: The 2012 resources are estimated at a cut-off grade of 2.75 g/t Au, high gold assays are cut to 60 g/t Au and an average long-term gold price of US$1600 per ounce was used. Hangingwall Zones Contact Zones Footwall Zones Sediment Hosted Zones Other Zones 0 100 200m 960 ZONEMAIN ZONE 960 ZONE

11. Over 2000 intersections that are above the cutoff grade are outside the resource blocks. Potential increase in tonnage. 11

12. High grade exploration potential 12 Contact Zone Sediment Hosted Zones KC99-154 KC99-155 Hangingwall Zones Contact Zones Footwall Zones Sediment Hosted Zones Other Zones Porphyry Sediment Altered Ultramafic Ultramafic and Volcanics At depth very good intersections, and potentially another high grade mine zone.

13. Exploration Potential 13 Plunging high Grade Zones? ? ? ? 1.0 to 2.5 2.5 to 5.0 5.0 to 10.0 10.0 to 50.0 50.0+ Drillhole Au Legend (gpt) ① 3 3 65.3 gpt/4.2m 7.0 gpt/1.5m 8.4 gpt/0.9m 10.5 gpt/3.4m 9.4 gpt/1.0m 960 ZONE MAIN ZONE Plunging high Grade Zones Potential connection between Main Zone and 960 Zone Extension along strike (east and west directions) 1 2 3 1 2 3 0 200 400m

14. Recent gold price above CDN$1700 plus Already beyond $1500 base case, which will will have a materially positive impact on revenue and profitability. 14

15. Clavos PEA 2013 Economic Model 15 GOLD PRICEUSD / Oz (Au)$1500/Oz Base Case Gold ProductionOz/Au145,448 Revenue$CAD million218.2 Initial Capital Expenditures (100%)$CAD million8.0 Sustaining Capital$CAD million21.1 Total Capital$CAD million35.1 Operating ExpenseCAD t/Ore142.5 Net Smelter ReturnCAD t/Ore6.5 Cash flow (undiscounted) $CAD million34.0 Pre Tax Net Present Value (NPV) 8% $CAD million23.2 Internal Rate Of Return (IRR)%71% After Tax Net Present Value (NPV) 8% $CAD million12.6 Internal Rate Of Return (IRR)%47% Life of MineYear7 Payback PeriodYear2.00 Note - assumes an exchange rate of 1:1 of CDN to US Dollar; tax rates are based on a blended rate between Sage and SAS excludes any financing costs contingency on capital expenditures of 30% CAPEX figures represents 100% of financing The PEA does not indicate the economic viability of the mineral resource and is preliminary in nature, includes inferred resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and that there is no certainty that the PEA will be realized. Mineral resources that are not mined reserves do not have demonstrated economic viability.

16. Onaman Property Lynx Deposit 16

17. Situated in NW Ontario 17

18. Exploring for High Value VMS Deposits 18 Volcanic-hosted polymetallic sulfide (VMS) deposits are extremely attractive exploration targets: Mix of copper-lead-zinc-gold-silver Hedge against fluctuating metal prices Deposits can range from under 1 to over 100 million tonnes Large, discrete lenses of high value ore enables cost-effective mining Smaller surface and environmental footprint VHMS deposits tend to occur in clusters Additional discoveries often following one upon the other

19. Onaman Property: On the verge of discovery 19 Historical exploration (1940s) led to discovery of the Headway deposit, hosting 739,400 tons averaging 3.15% zinc and 31 g/t silver (Non- Compliant Historical Resource) Recent exploration (2000s) led to the discovery of the Lynx deposit with a Compliant Inferred Resource of 1.936 million tonnes averaging 1.44% copper, 39.6 g/t silver and 0.58 g/t gold Both deposits fit perfectly within the context of a classic VMS setting, with the main deposit remaining to be found Historical and current geological mapping has documented numerous features associated with the VMS setting

20. Milestones CLAVOS Q3 2012 Fully Permitted Q1 2013 PEA Completed Q3 2016 Enhanced resource modelling Finalizing all regulatory and logistical production requirements Q4 2016 Production approval Dewatering begins Q3 2017 Production begins 20 ONAMAN Q3 2016 Complete surface mapping of the IBZ zone Mapping to identify new zone and link to previous Sage geophysics Analyzing previously discovered massive sulphide float bolder Q4 2016 Interpretation of data with the aim of selecting drill targets in IBZ Q1 2017 Drilling commences 2018 Permitting 2019 Possible Production

21. Two properties, situated in established mining camps near industry players, offer production potential with low CAPEX, exploration upside and commodity diversification. 21 Why invest? Exceptional timing ahead of several important catalysts including near term Clavos production, Onaman exploration and overall market turnaround. Excellent potential to expand resource without spending significant cash and diluting the tight share structure, as well as significantly increase market capitalization from current all time low. Strong financial backing, joint venture partners and broad shareholder base.

22. With development and exploration stage assets consisting of both base and precious metals, an experienced and dedicated management team, a small float, commodity diversification and a renewed metals bull market underway, Sage is poised for significant appreciation. 22

23. 23 CONTACT Sage Gold Inc. 200 University Ave, Suite 1301 Toronto, ON M5H 3C6 Tel.: 416-204-3170 Fax: 416-260-2243 Karen Levy info@sagegoldinc.com