TORONTO, ONTARIO -- (Marketwire) -- 02/22/11 -- Sage Gold Inc. (TSX VENTURE: SGX) announces that it has completed the second instalment for a property acquisition on the Clavos Mine under the terms of the Option Agreement between Sage Gold Inc. and St Andrew Goldfields Ltd. dated February 8, 2011 (the 'Option Agreement') by having incurred $500,000 of Exploration Expenditures, having paid the sum of $30,000 as a
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