This was just released by Sage...I thought Solomons Pillars belonged to KXL....

What gives..??

Sage Gold Inc.

TSX VENTURE: SGX

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2008) - Sage Gold Inc. (TSX VENTURE:SGX) (the 'Company') announces that it has received final acceptance of the previously announced non-brokered private placement flow-through financing in the aggregate amount of $3,450,000. The Company has determined to close the private placement and not proceed with the balance of the proposed $3,750,000 financing. No further closings will be completed under this financing. Each unit consists of one flow-through common share plus one-half of one share purchase warrant. Each whole warrant is exercisable at $0.20 for 24 months from the closing date of the offering.

An aggregate of $204,000 was paid, plus 2,176,000 warrants issued, (each exercisable into 1 common share at a price of $0.20 for a 2 year period) to Limited Market Dealer Inc., Barrington Capital Corp., Augen Capital Corp. and National Bank Financial.

If the Company's common shares achieve a closing price of $0.30 or higher for a period of 21 consecutive trading days, the Company may, at any time after the expiry of the hold period, notify the warrant holders that all unexercised warrants will expire 30 days following the date that the notice is issued.

All securities are subject to a four month hold period from the respective closing date of each financing under the private placement which expire on February 19, 2009 and February 25, 2009 respectively.

The net proceeds of the private placement will be used to fund the Company's exploration programs in Ontario.

SAGE is a mineral exploration and development company which has interests in exploration properties in Ontario and Quebec, Nevada and Arizona. Its main properties are the Jacobus, Paint Lake, Solomon Pillars and Onaman properties in the Beardmore -Geraldton Gold camp and the Kerrs property in Ontario; the Pony Spur and Sugarloaf properties situated in Nevada, and the Gold Hill property in Arizona. Technical reports relating to the properties can be obtained from the System for Electronic Document Analysis and Retrieval (SEDAR) website at www.sedar.com.

For all Sage Gold Inc. investor relations needs, investors are asked to visit the Sage Gold Inc. IR Hub at http://www.agoracom.com/IR/sagegold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to sgx@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. Some forward looking statements and forward looking information contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding mining and milling operations, mineral resource statements and exploration program performance. Factors that could cause actual results to differ materially include metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production. The Company disclaims any obligation to update forward-looking statements.

This release was prepared by management of the Company who takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.