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Sage Receives Second Tranche of Clavos Financing

TORONTO, ONTARIO–(Marketwired – March 3, 2017) – Sage Gold Inc. (“Sage” or the “Company”) (TSX VENTURE:SGX) has drawn down the second tranche funding of the gold prepayment facility, from Cartesian Royalty Holdings Pte. Ltd. (“CRH“), to fund the ongoing re-opening of its Clavos Project (“Clavos“). The second tranche draw down of $2.0 million was subject to certain conditions which have been fully satisfied.