At the request of the company Sage Gold Inc. will be delisted from CNQ effective at the close of business on Tuesday, March 28, 2006.

The common shares will continue to trade on the TSX Venture Exchange under the symbol "SGX".

Effective Date: Market close, Tuesday, March 28, 2006
Symbol: SAGE

If you have any questions or require further information about this or anything else about CNQ please contact Radhika Joseph at (416) 572-2000 X 2435 or
E-mail: radhika.joseph@cnq.ca