TORONTO, ONTARIO -- (MARKET WIRE) -- 05/11/10 -- New Sage Energy Corp. (TSX VENTURE: NSG) ("New Sage") is pleased to announce their participation with Gulf South Operators (GSO) on the Valentine project in Lafourche Parish, Louisiana. Two wells are anticipated to be drilled; GSO Peltier #1 is targeting predominantly gas reserves and GSO Peltier #2 is targeting predominantly oil reserves. This is the third development project between New Sage and Gulf South Operators of New Orleans, Louisiana. Estimated project costs, for a completed well test, are US $2.5 million for GSO Peltier #1 and US $2.2 million for GSO Peltier #2 and New Sage has taken a 10% working interest in the wells and the project.

GSO Peltier #1

The GSO Peltier #1 well will test acreage up-dip of the Peltier #16 well, which was drilled in 1965 and produced 9.9 BCF through 1974. The primary objectives for this well are four sands, V, W, X and Y, between the depths of 9300' and 9900'. Recoverable reserves from any one of these sands are anticipated to be economic. The planned recompletion with multiple objectives further enhances the economic value of this prospect. The V, W, X and Y sands logged in the Peltier #16 had over 90 feet of gas pay with no water levels. Secondary objectives exist within the shallowest V sand interval, as additional reservoir candidates have been observed in nearby wells.

GSO Peltier #2

The GSO Peltier #2 well will capture reserves in a zone partially produced by the Amoco Peltier #2 and #4 wells. Additional oil reserves are anticipated up-dip of the Amoco Peltier #2 well. In addition, as much as 50' of unproduced Tex W pay sand (a separate potential pay zone) will be tested by GSO Peltier #2. The Tex W interval consists of four sands, including the R, S, T and U sands. Amoco Peltier # 4 produced oil from the lowermost U sand, and potential bypassed reserves exist in this sand. The P sand appears to be productive on the log in the down-dip Amoco Peltier #2 well, which was not produced. The M sand is a highly productive field pay sand that will also be evaluated by GSO Peltier #2.

GSO Peltier #1 is targeting oil and gas reserves in four distinct sands for a total of 5.6 BCF of gas and 17,000 bbls oil (950,000 BOE @ 6 mcf:1 bbl). GSO Peltier #2 is targeting oil reserves in four distinct sands for a total of 430,000 bbls oil. It was noted during the prospect review that individual sands, had significant oil production (between 100,000 and 400,000 bbls oil) from several wells in the Valentine field.

"Our technical team conducted extensive due diligence, on dozens of prospects, over the last four months" stated John Carlesso President & CEO. "The targets at the Valentine project have geographical and geotechnical characteristics which align extremely well with our development objectives and business model."

About New Sage

New Sage is a Canadian oil and gas exploration and development company with a focus on opportunities in the US Gulf States region and South America. The company is building a portfolio of production, through exploration and development opportunities with established joint venture partners.

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. The forward-looking statements or information contained in this news release are made as of the date hereof and New Sage 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.

BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

The securities of New Sage being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
New Sage Energy Corp.
Eric Fredrickson
(416) 309-4320
info@newsage.com