Invitations for Offers for an Investment in Sage Gold Inc. or the Purchase of its Assets and Properties

TORONTO, Sept. 14, 2018 /CNW/ - Deloitte Restructuring Inc., in its capacity as court-appointed receiver (the "Receiver") of Sage Gold Inc. (the "Company"), invites offers for an en bloc investment in the Company or the purchase of its assets and properties, pursuant to a Sales and Investment Solicitation Process ("SISP"). The Company is the 100% owner of two properties: the Clavos gold property ("Clavos") and the Onaman volcanic massive sulfide property ("Onaman"). Clavos is located in Timmins, Ontario. It is fully-permitted for 700 tonnes per day of production and is currently on care and maintenance. Onaman is an exploration-stage property located in the Beardmore-Geraldton mining camp near Thunder Bay, Ontario. It has two significant zones, Headway and Lynx with ~200 tonnes of NI 43-101 compliant AuEq. Information regarding the SISP can be found at www.insolvencies.deloitte.ca/en-ca/SageGoldInc. The Receiver must receive all non-binding indications of interest no later than 5:00 PM (Toronto time) on September 28, 2018 at the address below.

DELOITTE RESTRUCTURING INC.
8 Adelaide Street West, Suite 200
Toronto, ON, M5H 0A9
Att: Razmig Boghossian
D: +1 (416) 354-1013
E-mail: [email protected]

SOURCE Deloitte Restructuring Inc