Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s December 14th, 2011, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

Sage Intersects 4.6 Metres of 14.53 g/t Au (Cut) at Clavos

Sage Gold Inc. (TSX VENTURE:SGX)

announces additional drill results from the 2011 drill program at the Clavos deposit in Timmins, Ontario. The current results relate to Geotechnical drilling conducted on behalf of St Andrew Goldfields (TSX:SAS) and additional results from the down plunge and 960 zone drilling. The company has spent $2.8 million to date at Clavos and is close to completion of the 60% earn-in schedule with SAS.

Highlights

CL-11-25             4.6m        14.53g/t

About the company

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 deposit 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.

Last: 0.105             Range: 0.29-0.10    Market Cap: 6.8 million

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Bralorne Gold Mines Ltd.: BK-3 Development Intercepts 10.4 grams Au per Tonne 

over 4.4 Meters

Bralorne Gold Mines Ltd. (TSX VENTURE:BPM) 

is pleased to announce the first underground sample results from the BK-3 zone at its 

Bralorne mine operation located near Gold Bridge, British Columbia.The underground 

development driven to access the BK-3 intersected the target mineralized zone on 

November 30, 2011. The zone was cross-cut at elevation 3800 feet in an incline driven 

off of the main decline. The overall un-cut average grade is 10.44 grams per tonne over 

4.4 meters (0.304 ounce per ton gold over 14.6 feet). Individual assays range up to 112.12

 grams per tonne gold over 0.5 meters true width (3.270 ounce per ton gold over 1.7 feet), 

with high grade assays correspond to quartz veins containing visible gold. The average cut

 grade is 6.27 grams per tonne over 4.4 meters width or 0.183 ounce per ton gold over 

14.6 feet (high assays reduced to 1.5 ounce gold per ton).

About the company

Bralorne Gold Mines celebrates its grand re-opening on May 27, 2011. This event was 

marked by pouring the first gold brick produced through the current redevelopment and 

expansion of the operation. Bralorne is developing the unexplored gaps between the 

historic Bralorne, King and Pioneer gold mines of southwest British Columbia. Together, 

these three historic mines represent the largest historic gold producer in the Canadian 

Cordillera producing 4.1 million ounces of gold.

Last: 0.90               Range: 1.56-0.75    Market Cap: 25.4 million

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ITEX Announces Results for First Quarter of Fiscal Year 2012

ITEX Corporation (OTCBB: ITEX), The Membership Trading Community(SM), a leading marketplace for cashless business transactions in North America, today filed its Form 10-Q with the Securities and Exchange Commission and announced results for its fiscal 2012 first quarter ended October 31, 2011.

First Quarter 2012 Highlights

• Revenue of $3,971,000
• Income from operations of $241,000
• Net income of $160,000 or $0.04 a share
• Cash at end of period of $5.456 million vs. $5.386 million on July 31, 2011
• Cash flows from operating activities of $452,000
• Paid a $0.04 per share quarterly cash dividend.

Subsequent Events

• Announced a $0.04 per share quarterly cash dividend
• Renewed our agreement with U.S. Bank for our $3 million revolving credit facility
• Sold Chicago and Cleveland corporate-owned offices to a new franchisee for $345,000

About ITEX

ITEX, The Membership Trading Community(SM), is a thriving network of participating member businesses.Members increase sales through an exclusive distribution channel managed by franchisees, licensees and corporate-owned locations, by utilizing ITEX dollars to exchange goods and services.ITEX is powered by ITEX Payment Systems, the leading payment technology platform for processing cashless business transactions.

Last Trade: 3.0252 Week: 4.74 – 2.55Market Cap: 11.02 Million