New Sage Energy Corp Enters Into Second Project With Gulf South

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New Sage Energy Corp. (TSX VENTURE:NSG), has expanded its initiative into the US
Gulf States region with an agreement to develop a second project with Gulf South
Operators (GSO) of New Orleans, Louisiana. The Ledezma #1 well will be drilled
into the B-1 Zone of the Austin-Chalk formation within the Pearsall Oil Field
located in Frio County, Texas.


In the Pearsall field oil and associated natural gas is trapped within southwest
to northeast trending fractures and the proposed well will be drilled along a
4000' horizontal lateral at 90 degrees to these fractures. Austin Chalk matrix
porosity and permeability are very low and the movable oil and gas is trapped
within the fractures. Previous horizontal drilling programs in the Pearsall
Field demonstrate that the longer the lateral, the greater the opportunity of
encountering multiple fracture zones and maximizing production.


Estimated project costs are US $2.21 million for a completed well test and New
Sage has taken a 25% working interest in the well and the project. Participation
in the proposed well provides working interest partners with the option to
participate in the drilling of additional wells within the Austin Chalk B-1 zone
under similar terms as well as future participation in the exploration of the
Austin Chalk C-Zone, an under-explored and historically more prolific oil
production zone than the B-1 Zone.


New Sage Energy is a Canadian oil and gas exploration and development company
with a focus on opportunities in South America and the US Gulf States region.


Forward-Looking Statements: This news release contains forward-looking
statements that involve risks and uncertainties. Forward-looking statements or
information are based on current expectations, estimates and projections that
involve a number of risks and uncertainties which could cause actual results to
differ materially from those anticipated by New Sage Energy Corp. The
forward-looking statements or information contained in this news release are
made as of the date hereof and New Sage Energy Corp. does not undertake any
obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.

New Sage Energy Corp. (TSXV:NSG)
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