SAGA Metals Drills 485.4 m at 32.21% Fe2O3, 5.30% TiO2, 0.191% V2O5 Including 56.8 m at 49.56% Fe2O3, 8.17% TiO2, 0.339% V2O5 at Radar Critical Minerals Project in Labrador

New Radar project drill assays show long, continuous titanium-vanadium-iron oxide intercepts that will feed SAGA Metals’ planned maiden resource.

Rhea-AI Summary

SAGA Metals (SAGMF) reported new assay results from seven diamond drill holes (R-0075 to R-0081) from its completed maiden Mineral Resource Estimate drill program at the Trapper Zone of the 100%-owned Radar titanium-vanadium-iron project near Cartwright, Labrador.

The standout intercept is hole R-0075, which cut 485.4 m grading 32.21% Fe2O3, 5.30% TiO2 and 0.191% V2O5, including 56.8 m at 49.56% Fe2O3, 8.17% TiO2 and 0.339% V2O5, and several other high-grade sub-intervals. Additional holes returned broad oxide zones, including 127.3 m in R-0078 and 133.6 m in R-0079, while R-0081 intersected 148.5 m at 44.47% Fe2O3, 7.12% TiO2 and 0.287% V2O5, with a higher-grade 69.2 m core. The company said these results demonstrate continuous Fe-Ti-V oxide mineralization across multiple cross-sections in Trapper North and the Transition zone, contributing to a total of 74 drill holes with assays reported to date for the planned maiden resource.

Positive

• R-0075 intercept: 485.4 m at 32.21% Fe2O3, 5.30% TiO2, 0.191% V2O5, including 56.8 m at 49.56% Fe2O3, 8.17% TiO2, 0.339% V2O5
• R-0081 intercept: 148.5 m at 44.47% Fe2O3, 7.12% TiO2, 0.287% V2O5, including 69.2 m at 50.18% Fe2O3, 8.20% TiO2, 0.329% V2O5
• Additional broad zones: 127.3 m in R-0078 and 133.6 m in R-0079 of oxide mineralization with correlated Fe-Ti-V grades
• MRE dataset expanded: assays now received for 74 diamond drill holes from the Trapper Zone program

Negative

• None.

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Vancouver, British Columbia--(Newsfile Corp. - September 23, 2026) - SAGA Metals Corp. (TSXV: SAGA) (OTCQX: SAGMF) (FSE: 20H) ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discoveries, is pleased to report additional assay results from drill holes R-0075, -0076, -0077, -0078, -0079, -0080, and -0081 drilled as part of its maiden Mineral Resource Estimate ("MRE") diamond drill program completed in August 2026 at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada. The Trapper Zone forms part of an oxide-bearing lopolith that includes the Falcon and Hawkeye Zones collectively covering 29 square kilometres (Figure 1).

Figure 1: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red (high-amplitude pixels only). The QMAGT-imaged central oxide-layering lopolith validated over 29 km², encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/315599_5baaa8f754fa89d7_001full.jpg

Analytical results received for seven (7) additional diamond drill holes (R-0075 to R-0081) from the MRE drill program initiated in Q4 2025, delivering consistent broad intercepts of oxide mineralization.

Key intercepts include:

• Hole R-0075: 485.4 m @ 32.21% Fe2O3, 5.30% TiO2, 0.191% V2O5
  • Including 129.1 m @ 47.16% Fe2O3, 7.82% TiO2, 0.295% V2O5
  • Including 56.8 m @ 49.56% Fe2O3, 8.17% TiO2, 0.339% V2O5
  • Including 141.6 m @ 40.64% Fe2O3, 6.38% TiO2, 0.262% V2O5
• Hole R-0076: 32.9 m @ 33.18% Fe2O3, 5.11% TiO2, 0.180% V2O5
• Hole R-0077: 23.3 m @ 34.04% Fe2O3, 5.08% TiO2, 0.197% V2O5
  • Including 12.1 m @ 36.69% Fe2O3, 8.76% TiO2, 0.182% V2O5
• Hole R-0078: 127.3 m @ 40.62% Fe2O3, 6.92% TiO2, 0.236% V2O5
  • Including 87.9 m @ 44.87% Fe2O3, 7.65% TiO2, 0.275% V2O5
• Hole R-0079: 133.6 m @ 33.80% Fe2O3, 4.44% TiO2, 0.241% V2O5
  • Including 45.6 m @ 38.37% Fe2O3, 5.26% TiO2, 0.277% V2O5
• Hole R-0080: 63.8 m @ 38.83% Fe2O3, 6.97% TiO2, 0.194% V2O5
  • Including 35.0 m @ 44.33% Fe2O3, 8.08% TiO2, 0.227% V2O5
• Hole R-0081: 148.5 m @ 44.47% Fe2O3, 7.12% TiO2, 0.287% V2O5
  • Including 69.2 m @ 50.18% Fe2O3, 8.20% TiO2, 0.329% V2O5

Michael Garagan, CGO & Director of SAGA Metals, commented:

"These seven holes continue to demonstrate the continuity of oxide mineralization across Trapper North and the Transition zone. Hole R-0075 returned 485.4 metres with consistently high titanium, vanadium and iron, a core interval that exceeds the 472.4-metre height of Central Park Tower (see Figure 2) and includes 129.1 metres at 47.16% Fe2O3, 7.82% TiO2 and 0.295% V2O5 and 56.8 metres at 49.56% Fe2O3, 8.17% TiO2 and 0.339% V2O5.

Equally important, that thickness is no longer confined to a single cross section with multiple sections now surpassing the length of the world's tallest residential building. In addition, the cross sections are now stacking up with N10, N09, N08, N06 and T05 reported today all returning long, coherent oxide intercepts with the same Fe-Ti-V correlation. R-0081 cut 148.5 metres at 44.47% Fe2O3, 7.12% TiO2 and 0.287% V2O5, including 69.2 metres at 50.18% Fe2O3, 8.20% TiO2 and 0.329% V2O5 in the core of the system. R-0078 added 127.3 metres and R-0079, on the Transition, 133.6 metres. The shorter holes on N06 still carry the same critical mineral association.

That combination of high-grade core and long, correlated intercepts on the shoulders is what we need to define the orebody for a maiden mineral resource estimate. The Central Park Tower comparison is simply a measure of scale (see Figure 2). The significance of these results is that multiple cross-sections are now showing the same continuous oxide system across the Trapper Zone."

Detailed Logging Highlights from Drill Hole R-0075 to R-0081

• Hole R-0075 (Cross-Section N10, Figure 2): Drill hole R-0075 is drilled on cross-section N10 with an azimuth of 38° and dipping -55°, with a total depth of 488 m. The oxide zone intersected at 103.1 m is 319.9 m (true thickness 251.3 m) consisting of 304.7 m of semi-massive and 15.2 m of rhythmic layering oxide.
• Hole R-0076 (Cross-Section N06, Figure 3): Drill hole R-0076 is drilled on cross-section N06 with an azimuth of 38° and dipping -45°, with a total depth of 188 m. The oxide zone intersected at 46.1 m is 43.2 m (true thickness 38.4 m) consisting of 32.9 m of semi-massive and 10.3 m of rhythmic layering oxide.
• Hole R-0077 (Cross-Section N06, Figure 3): Drill hole R-0077 is drilled on cross-section N06 with an azimuth of 38° and dipping -65°, with a total depth of 281 m. The oxide zone intersected at 61.3 m is 95.9 m (true thickness 90.5 m) consisting of 45.7 m of semi-massive and 50.1 m of rhythmic layering oxide.
• Hole R-0078 (Cross-Section N09, Figure 4): Drill hole R-0078 is drilled on cross-section N09 with an azimuth of 38° and dipping -45°, with a total depth of 233 m. The oxide zone intersected at 41.0 m is 122.8 m (true thickness 115.2 m) consisting of 119.6 m of semi-massive and 3.3 m of rhythmic layering oxide.
• Hole R-0079 (Cross-Section T05, Figure 5): Drill hole R-0079 is drilled on cross-section T05 with an azimuth of 218° and dipping -40°, with a total depth of 251 m. The oxide zone intersected at 67.4 m is 125.2 m (true thickness 115.1 m) consisting of 59.5 m of semi-massive and 65.7 m of rhythmic layering oxide.
• Hole R-0080 (Cross-Section N09, Figure 4): Drill hole R-0080 is drilled on cross-section N09 with an azimuth of 38° and dipping -60°, with a total depth of 263 m. The oxide zone intersected at 111.7 m is 64.7 m (true thickness 46.0 m) consisting of 43.6 m of semi-massive and 21.1 m of rhythmic layering oxide.
• Hole R-0081 (Cross-Section N08, Figure 6): Drill hole R-0081 is drilled on cross-section N08 with an azimuth of 38° and dipping -55°, with a total depth of 278 m. The oxide zone intersected at 62.9 m is 130.5 m (true thickness 111.3 m) consisting of 130.5 m of semi-massive oxide.

Figure 2: Cross section of N10 looking NW showing R-0011, R-0075, R-0086 and R-0088, highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0011, and R-0075. Assays pending for R-0086 and R-0088. Central Park Tower located in Manhattan, New York, the world's largest residential building¹ at 472.4 m, is used to contextualize the size of drill hole R-0075 and the significance of the 485.4 m (1,592.5 feet) intercept (highlighted in blue) with correlated titanium, vanadium and iron.

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https://images.newsfilecorp.com/files/12336/315599_saga2.jpg

Figure 3: Cross section of N06 looking NW showing R-0076 and R-0077 highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0076 and R-0077.

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https://images.newsfilecorp.com/files/12336/315599_saga3.jpg

Figure 4: Cross section of N09 looking NW showing R-0078, R-0080, R-0082, R-0083, R-0084, R-0087 and R-0090 highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0078 and R-0080. Assays pending for R-0082, R-0083, R-0084, R-0087 and R-0090.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/315599_saga4.jpg

Figure 5: Cross section of T05 looking NW showing R-0079 highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0079.

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https://images.newsfilecorp.com/files/12336/315599_saga5.jpg

Figure 6: Cross section of N08 looking NW showing R-0074, R-0081, R-0082, and R-0091 highlighting an intercept of layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0074 and R-0081. Assays pending for R-0082 and R-0091.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/315599_saga6.jpg

Figure 7: Trapper Zone plan view map outlining location of the MRE diamond drill program completed in August 2026, includes cross-sections S04-S13 in Trapper South, T01-T06 in Trapper Transition, and N6-N12 in Trapper North showing the TMI of the 2025 Trapper Zone ground magnetic survey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/315599_saga7.jpg

Trapper Zone Assay Highlights

These results now bring the total MRE drill results to seventy-four (74) diamond drill holes received to date. As reported previously, analytical results from the first sixty-seven (67) diamond drill holes (Table 1) of the MRE drill program include:

Table 1: MRE drill program assay intercepts previously reported in Q4 2025 and 2026 to date from drill holes R-0008 to R-0074.

DDH	FROM	TO	Length	True Thickness	Fe2O3	TiO2	V205
ID	m	m	m	m	%	%	%
R-0008	3.4	272.0	269.4	261.2	36.21	6.57	0.244
R-0008	170.0	237.6	68.3	66.2	46.15	9.21	0.311
R-0009	2.5	299.0	296.5	286.9	39.75	7.46	0.250
R-0009	94.0	181.2	87.2	84.4	50.67	10.15	0.339
R-0010	1.5	137.0	135.5	121.7	50.03	7.87	0.352
R-0011	58.1	153.3	95.2	50.8	39.49	6.49	0.222
R-0012	3.8	79.0	75.2	39.6	27.39	4.87	0.116
R-0013	9.5	121.0	111.5	97.9	37.08	5.14	0.242
R-0014	8.8	50.0	41.2	14.9	36.17	6.36	0.188
R-0015	73.3	174.0	100.7	88.9	38.56	6.80	0.229
R-0016	44.0	94.6	50.6	47.1	52.05	7.21	0.375
R-0017	50.6	140.6	90.0	73.0	51.86	6.76	0.417
R-0018	44.7	115.0	70.3	44.1	42.64	5.66	0.288
R-0019	66.6	112.3	45.7	41.6	49.51	6.56	0.374
R-0020	87.3	128.0	40.7	31.1	37.62	4.93	0.239
R-0021	96.0	127.4	31.4	16.5	53.18	7.08	0.414
R-0022	62.0	92.6	30.6	28.6	49.4	6.61	0.373
R-0023	100.5	186.5	86.0	54.0	45.5	5.5	0.367
R-0024	112.0	203.0	91.0	58.7	49.08	6.23	0.39
R-0024	142.0	186.0	44.0	28.4	54.2	7.07	0.443
R-0025	141.3	223.0	81.7	58.5	41.36	5.18	0.309
R-0025	168.0	201.0	33.0	23.7	47.38	6.01	0.384
R-0026	141.7	189.0	47.3	27.7	38.16	4.65	0.288
R-0026	110.9	131.4	20.5	12.0	52.39	6.55	0.449
R-0027	81.2	162.0	80.8	63.4	42.74	5.18	0.320
R-0028	105.7	211.0	105.3	54.5	42.39	5.40	0.306
R-0028	144.0	182.0	38.0	19.7	49.43	6.50	0.382
R-0029	65.2	172.0	106.8	95.5	44.41	5.36	0.341
R-0029	65.2	104.0	38.8	34.7	53.02	6.46	0.441
R-0030	83.1	174.0	90.9	49.5	42.57	5.40	0.303
R-0030	83.1	101.7	18.6	10.2	50.81	6.56	0.398
R-0031	63.4	171.6	108.2	87.2	38.11	5.13	0.254
R-0031	97.0	140.1	43.1	34.7	42.71	5.88	0.309
R-0032	53.8	198.0	144.2	135.3	37.13	5.04	0.234
R-0032	114.0	170.0	56.0	52.6	44.68	6.50	0.294
R-0033	67.4	168.0	100.6	77.5	44.07	6.38	0.286
R-0033	97.0	153.0	56.0	43.1	48.03	7.25	0.304
R-0034	68.8	195.0	126.2	124.0	43.19	6.05	0.293
R-0034	106.1	170.0	63.9	62.8	48.61	7.01	0.344
R-0035	8.5	22.0	13.5	9.9	30.98	2.93	0.193
R-0036	55.0	128.0	73.0	36.5	45.34	6.31	0.345
R-0036	80.0	114.0	34.0	17.0	50.46	7.21	0.395
R-0037	52.2	103.0	50.8	41.9	45.93	6.46	0.348
R-0038	45.4	146.2	100.8	73.7	41.23	5.21	0.302
R-0038	103.9	146.2	42.4	31.0	46.20	6.35	0.364
R-0039	84.0	194.0	110.1	106.5	47.42	5.95	0.354
R-0039	97.0	149.1	52.1	50.4	58.15	7.68	0.459
R-0039	166.4	194.0	27.6	26.7	45.88	5.85	0.350
R-0040	84.9	130.0	45.1	31.9	51.20	7.94	0.340
R-0041	6.6	53.0	46.4	34.7	47.97	6.49	0.368
R-0042	102.1	137.4	35.3	23.6	50.68	6.74	0.378
R-0043	28.4	68.2	39.8	30.4	47.93	7.24	0.307
R-0044	82.9	105.8	22.9	16.6	51.38	6.85	0.415
R-0045	76.9	148.3	71.3	53.7	48.28	6.21	0.373
R-0045	104.0	144.0	40.0	31.1	53.69	7.32	0.441
R-0046	20.0	147.9	127.9	103.6	52.94	7.35	0.388
R-0046	20.0	74.0	54.0	43.7	58.33	8.78	0.415
R-0047	120.6	247.4	126.8	110.1	42.84	5.43	0.306
R-0047	120.6	189.0	68.4	59.4	46.81	6.17	0.335
R-0048	31.7	124.0	92.3	50.6	42.46	5.38	0.304
R-0048	31.7	48.0	16.3	8.9	53.72	7.29	0.431
R-0049	30.7	131.0	100.3	47.3	42.97	5.39	0.316
R-0049	30.7	57.3	26.5	12.5	53.91	7.22	0.431
R-0050	63.9	192.0	128.1	103.6	40.80	5.79	0.294
R-0050	116.0	169.0	53.0	42.9	49.61	7.24	0.401
R-0051	99.9	219.0	119.1	77.6	42.68	5.89	0.280
R-0051	137.1	169.0	31.9	20.8	53.07	7.68	0.384
R-0052	68.6	181.0	112.4	92.9	46.67	6.71	0.305
R-0052	87.0	153.0	66.0	54.6	49.63	7.24	0.335
R-0053	77.1	237.0	159.9	104.4	45.27	6.32	0.306
R-0053	92.1	129.6	37.5	24.5	50.44	6.72	0.385
R-0053	143.0	205.0	62.0	40.5	46.73	6.79	0.306
R-0054	65.2	123.0	57.8	46.9	44.92	6.71	0.275
R-0055	70.1	167.7	97.6	57.1	43.54	6.62	0.277
R-0055	70.1	136.2	66.1	38.6	47.65	7.36	0.317
R-0056	83.0	170.3	87.3	60.3	33.39	4.65	0.207
R-0056	83.0	116.0	33.0	22.8	43.67	6.14	0.318
R-0057	92.4	194.1	101.7	88.3	38.65	5.60	0.249
R-0057	92.4	113.0	20.6	17.9	47.72	6.98	0.351
R-0057	136.9	156.5	19.6	17.0	53.72	8.24	0.377
R-0058	79.6	89.0	17.5	9.6	23.48	4.31	0.252
R-0059	149.0	163.0	14.0	11.7	32.29	4.43	0.184
R-0059	289.0	344.0	55.2	46.1	32.77	4.67	0.176
R-0060	82.0	200.0	118.0	111.1	39.10	5.32	0.269
R-0060	90.2	142.0	51.8	48.8	43.86	6.10	0.317
R-0061	109.0	272.0	163.0	147.5	43.07	6.19	0.293
R-0061	172.0	264.0	92.3	83.5	47.36	6.73	0.353
R-0062	4.0	37.0	33.0	19.1	34.37	5.24	0.173
R-0062	9.0	23.8	14.8	8.6	40.52	6.39	0.217
R-0063	101.6	200.5	98.9	61.3	28.50	4.01	0.157
R-0064	265.0	452.0	187.0	166.1	41.61	6.07	0.280
R-0064	4.0	75.9	71.9	63.9	43.47	6.60	0.273
R-0064	336.0	416.0	80.0	71.1	42.62	6.03	0.306
R-0065	456.0	584.0	128.0	115.5	46.11	6.79	0.326
R-0065	119.0	162.7	43.7	39.4	42.74	7.11	0.230
R-0065	501.0	566.8	65.8	59.4	49.48	7.24	0.373
R-0066	52.2	100.0	47.8	33.2	43.53	6.03	0.334
R-0066	52.2	75.5	23.3	16.2	52.52	7.58	0.428
R-0067	97.6	124.3	26.7	25.4	50.35	7.14	0.410
R-0068	37.0	66.0	29.0	14.8	51.26	7.47	0.425
R-0069	26.2	221.0	194.8	125.7	18.50	3.58	0.071
R-0070	4.8	52.0	47.2	46.6	20.49	2.18	0.120
R-0071	60.5	175.1	114.6	103.0	35.89	5.18	0.223
R-0071	73.3	108.2	34.9	31.4	46.21	7.03	0.314
R-0072	246.0	429.2	183.2	129.6	46.44	7.52	0.307
R-0072	265.5	332.3	66.8	47.3	50.06	8.07	0.349
R-0072	360.0	429.2	69.2	49.0	51.03	8.55	0.334
R-0072	3.0	473.0	470.0	332.3	36.72	5.40	0.245
R-0073	92.0	208.3	116.3	103.6	36.73	5.74	0.225
R-0073	92.0	146.6	54.6	48.7	44.40	6.95	0.303
R-0074	177.0	293.7	116.7	97.0	42.21	6.53	0.281

 

• Maiden MRE drill program at Trapper zone is complete, totaling 22,432 metres-the largest drill program in the Company's history.
• Top 15 intercepts from the MRE Drill Program to date can be found in Table 4 below.
• Completed eighty-five (85) holes (R-0008 to R-0092) with numerous significant oxide intercepts comprised of semi-massive oxide and rhythmic oxide layering ranging from 100 to 485 metres.
• MRE drilling to date has returned multiple holes of thick oxide core intercepts ranging from 70-296 metres and certain assay intervals frequently ranging between 45-58% Fe2O3, 6-8% TiO2 and 0.35-0.44% V2O5.
• Oriented core, detailed lithological logging, oxide-layering measurements, and structural interpretations (including fold geometry and limb continuity) have been completed to support three-dimensional geological and resource modelling.

Trapper Zone Drilling Summary

The following two tables present the true width of oxide mineralization (Table 2) that will be imported into Industry-standard software programs used to develop a mineral resource estimate and total meterage (Table 3).

Table 2: Summary of drill holes R-0008 to R-0092, highlighting the oxide intercepts. See Figures 2, 3, 4, 5 & 6 above, which depict the oxide mineralization in cross sections N10, N06, N09, T05 & N08. True thickness represents the perpendicular width of the mineralized zone, while the total downhole oxide represents the length of the mineralization intercepted downhole.

Drill Hole	Azimuth / Dip	Total Depth (m)	From (metres)	To  (metres)	Semi-Massive Oxide (m)	Rhythmic Layering (m)	Total Oxide (m)	True Thickness (m)	Assays Received
R-0008	38° / -45°	272	37.74	268.57	118.49	65.7	184.19	178.6	Yes
R-0009	38° / -45°	299	2.53	288.5	165.89	88.22	254.11	245.9	Yes
R-0010	0° / -45°	251	1.5	165.67	134.26	12.33	146.59	131.6	Yes
R-0011	0° / -45°	251	46.46	205	51.62	38.1	89.72	47.9	Yes
R-0012	38° / -45°	194	3.9	80.15	2.7	73.55	76.25	40.1	Yes
R-0013	38° / -45°	251	9.5	184.37	0	174.87	174.87	153.5	Yes
R-0014	38° / -45°	272	8.8	106	0	69.74	69.74	25.2	Yes
R-0015	38° / -45°	263	77	232.1	5.46	140.64	146.1	129.0	Yes
R-0016	38° / -45°	206	44.0	102.0	45.8	12.2	58.0	53.9	Yes
R-0017	38° / -70°	161	50.6	140.6	87.1	3.0	90.1	73.0	Yes
R-0018	38° / -45°	188	44.7	156.4	65.0	46.6	111.7	70.1	Yes
R-0019	38° / -45°	182	66.6	133.0	38.0	28.5	66.5	72.8	Yes
R-0020	38° / -45°	206	50.8	138.0	28.5	58.7	87.2	66.7	Yes
R-0021	38° / -70°	152	81.3	127.4	33.5	12.6	46.1	24.3	Yes
R-0022	38° / -45°	149	22.5	118.7	31.6	59.7	91.3	85.3	Yes
R-0023	38° / -45°	272	100.5	239.3	30.6	76.4	107.1	67.2	Yes
R-0024	38° / -45°	248	108.9	219.8	46.8	62.1	108.9	68.5	Yes
R-0025	38° / -60°	275	123.0	253.6	6.9	118.1	125.0	89.6	Yes
R-0026	38° / -60°	302	108.8	273.7	16.2	138.6	154.8	87.4	Yes
R-0027	38° / -45°	221	81.3	175.3	34.2	59.9	94.1	73.9	Yes
R-0028	38° / -60°	230	105.1	215.9	22.5	87.1	109.6	57.4	Yes
R-0029	38° / -45°	214	65.2	184.0	13.4	105.4	118.8	106.2	Yes
R-0030	38° / -60°	209	83.1	189.2	25.4	79.6	105.0	57.8	Yes
R-0031	38° / -45°	215	63.4	171.6	2.4	105.9	108.3	87.2	Yes
R-0032	38° / -60°	263	53.8	214.7	18.5	136.0	154.4	145.0	Yes
R-0033	38° / -45°	251	67.7	203.5	23.7	112.4	136.1	104.8	Yes
R-0034	38° / -60°	230	48.7	214.1	66.1	93.5	159.7	156.9	Yes
R-0035	38° / -45°	97	8.5	66.3	0.0	35.0	35.0	25.7	Yes
R-0036	38° / -70°	209	47.4	128.0	68.0	8.6	76.6	38.3	Yes
R-0037	38° / -45°	206	42.6	146.0	50.8	52.6	103.4	85.2	Yes
R-0038	38° / -70°	182	45.4	146.2	55.9	45.0	100.9	73.7	Yes
R-0039	218° / -45°	251	84.0	196.3	82.2	23.3	105.5	102.1	Yes
R-0040	38° / -70°	170	38.3	130.0	44.7	28.7	73.4	34.3	Yes
R-0041	38° / -45°	100	6.6	84.2	38.5	30.9	69.4	52.1	Yes
R-0042	38° / -70°	160	88.6	137.4	26.6	10.0	36.6	24.5	Yes
R-0043	38° / -45°	122	28.4	101.6	37.5	35.7	73.3	55.9	Yes
R-0044	218° / -45°	176	82.9	105.8	19.3	3.7	22.9	16.6	Yes
R-0045	218° / -45°	245	39.3	223.6	67.4	71.7	139.1	96.9	Yes
R-0046 a	218° / -45°	491	7.4	147.9	121.7	19.3	141.0	108.0	Yes
R-0046 b			237.7	445.9	21.4	176.7	198.2	113.7	Yes
R-0047	218° / -45°	305	106.1	247.4	50.8	71.5	122.3	118.1	Yes
R-0048	38° / -45°	242	31.7	149.3	11.8	105.1	116.9	109.9	Yes
R-0049	38° / -60°	200	30.7	134.3	17.4	86.1	103.6	66.6	Yes
R-0050	218° / -45°	269	63.9	245.6	51.9	94.2	146.1	103.3	Yes
R-0051	38° / -60°	311	99.9	227.3	38.5	88.8	127.4	83.0	Yes
R-0052	38° / -45°	275	68.6	235.0	19.8	140.8	160.6	134.7	Yes
R-0053	38° / -60°	299	77.1	279.4	35.0	167.3	202.3	132.1	Yes
R-0054	38° / -45°	269	18.4	202.0	35.2	85.3	120.5	97.7	Yes
R-0055	38° / -60°	320	70.1	291.6	67.6	73.2	140.8	82.3	Yes
R-0056	38° / -45°	239	84.8	220.0	24.4	69.6	94.0	56.1	Yes
R-0057	38° / -60°	233	92.4	194.1	43.6	52.5	96.1	83.4	Yes
R-0058	38° / -45°	299	71.6	138.9	0.0	53.0	53.0	36.2	Yes
R-0059	38° / -45°	377	81.9	374.9	6.2	179.6	185.7	155.2	Yes
R-0060	38° / -60°	335	80.9	243.4	88.9	72.0	160.9	151.5	Yes
R-0061	218° / -45°	359	51.9	307.3	93.5	150.8	244.4	221.2	Yes
R-0062	38° / -60°	251	0.0	125.6	36.2	75.2	111.4	101.8	Yes
R-0063	180° / -45°	542	61.7	494.0	6.5	131.3	137.8	79.0	Yes
R-0064	218° / -45°	569	2.0	492.5	160.1	236.5	396.6	340.0	Yes
R-0065a	218° / -45°	584	41.1	162.7	4.2	117.4	121.7	117.6	Yes
R-0065b			338.7	584.0	61.3	172.1	233.4	191.2	Yes
R-0066a	218° / -45°	320	52.2	98.5	32.1	0.0	32.1	32.1	Yes
R-0066b			169.7	298.9	0.0	93.7	93.7	93.3	Yes
R-0067a	38° / -45°	203	13.8	33.0	0.0	19.2	19.2	18.2	Yes
R-0067b			48.5	124.3	19.2	55.6	74.8	71.1	Yes
R-0068	38° / -65°	263	31.5	72.2	24.6	9.9	34.6	17.6	Yes
R-0069	218° / -60°	221	105.7	122.2	0.0	16.5	16.5	10.6	Yes
R-0070	38° / -45°	221	36.0	42.6	0.0	6.6	6.6	6.5	Yes
R-0071	38° / -45°	242	59.4	186.6	46.4	55.2	101.6	78.9	Yes
R-0072	38° / -70°	473	51.8	437.2	255.9	86.2	342.1	241.9	Yes
R-0073	38° / -65°	254	46.0	208.3	58.6	51.3	109.9	97.9	Yes
R-0074	218° / -55°	332	172.0	293.7	97.2	23.5	120.7	100.2	Yes
R-0075	38° / -55°	488	103.1	467.1	304.7	15.2	319.9	251.3	Yes
R-0076	38° / -45°	188	46.1	89.3	32.9	10.3	43.2	38.4	Yes
R-0077	38° / -65°	281	61.3	254.6	45.7	50.1	95.9	90.5	Yes
R-0078	38° / -45°	233	41.0	179.5	119.6	3.3	122.8	115.2	Yes
R-0079	218° / -40°	251	67.4	210.9	59.5	65.7	125.2	115.1	Yes
R-0080	38° / -60°	263	111.7	180.8	43.6	21.1	64.7	46.0	Yes
R-0081	38° / -55°	278	62.9	205.5	130.5	0.0	130.5	111.3	Yes
R-0082	0° / -45°	269	115.2	245.0	57.4	12.3	69.6	58.4
R-0083	218° / -45°	263	10.0	259.0	29.6	58.0	87.6	76.0
R-0084	38° / -55°	164	33.4	114.3	79.1	0.0	79.1	64.5
R-0085	218° / -55°	503	10.1	503.0	275.6	132.9	408.5	284.2
R-0086	38° / -45°	131	40.6	93.8	45.0	3.6	48.6	47.8
R-0087	218° / 80°	89	1.5	56.9	53.0	2.4	55.4	45.3
R-0088	218° / -50°	458	196.8	444.1	99.6	104.0	203.6	161.6
R-0089	38° / -80°	470	3.8	443.7	127.0	197.9	324.8	161.9
R-0090	218° / -45°	206	51.7	148.4	21.0	36.4	57.4	50.3
R-0091	38° / -45°	233	46.4	165.2	45.8	16.7	62.4	56.1
R-0092	218° / -50°	221	3.9	192.8	134.4	26.2	160.6	149.3
	Total (m)	20,379

 

Table 3: Summary of total meters drilled in Q4 2025 and 2026 to date, including total core samples cut and prepared.

	Total Meters Drilled	Total Samples
Trapper Zone 2025	2053	1319
Trapper Zone 2026	20379	12470
Trapper Total	22432	13789

 

Sampling Summary

Saga's core cutting team finalized the cutting, sampling, and shipping of all samples by August 31, 2026. IGS Laboratories is working tirelessly to complete the analysis of the remaining 1,900 samples from drill holes R-0082 to R-0092 with the goal of releasing the assay results to the Company within the next 1-2 weeks. A total of 13,789 samples have been collected in the Trapper Zone.

Key Project Highlights

• 100% of drill holes intersected oxide mineralization, supporting a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization.
• Analytical results to date include numerous oxide-rich intercepts, including:

Table 4: Top 15 intervals from the 2025 & 2026 drilling programs at the Trapper Zone.

DDH	FROM	TO	Length	True Thickness	Fe2O3	TiO2	V205
ID	m	m	m	m	%	%	%
R-0009	94.0	181.2	87.2	84.4	50.67	10.15	0.339
R-0008	170.0	237.6	68.3	66.2	46.15	9.21	0.311
R-0046	20.0	74.0	54.0	43.7	58.33	8.78	0.415
R-0072	360.0	429.2	69.2	49.0	51.03	8.55	0.334
R-0081	68.0	137.2	69.2	59.0	50.18	8.20	0.329
R-0075	125.3	182.0	56.8	44.6	49.56	8.17	0.339
R-0080	117.0	152.0	35.0	24.9	44.33	8.08	0.227
R-0072	265.5	332.3	66.8	47.3	50.06	8.07	0.349
R-0040	84.9	130.0	45.1	31.9	51.20	7.94	0.340
R-0010	1.5	137.0	135.5	121.7	50.03	7.87	0.352
R-0039	97.0	149.1	52.1	50.4	58.15	7.68	0.459
R-0051	137.1	169.0	31.9	20.8	53.07	7.68	0.384
R-0078	80.4	168.3	87.9	82.1	44.87	7.65	0.275
R-0068	37.0	66.0	29.0	14.8	51.26	7.47	0.425
R-0017	73.0	140.6	67.6	54.9	55.13	7.37	0.448

 

• Infrastructure including road access, deep-water port, nearby hydro-electric power and regional airport.
• Radar project encompasses a lopolith covering 29 km² and hosts the Trapper, Falcon and Hawkeye mineralized zones that have consistently returned high grades of titanium, vanadium and iron across significant true widths.
• Bench scale testing with Temas' proprietary RCL technology confirmed recoveries up to 90.8% titanium, 97.4% vanadium and 91.5% iron.
• A total of 22,432 m has been completed and reported to date for the MRE drill program. See Figure 7 above, showcasing MRE drill hole locations in the Trapper Zone reported to date.
• SAGA has engaged GeoGlobal LLC to complete the independent NI 43-101 mineral resource estimate and technical report.

About the Radar Critical Mineral Property in Labrador

The Radar Property comprises 690 mineral claims across 9 mineral licenses, totalling approximately 24,175 hectares in southeastern Labrador, located approximately 10 km south of Cartwright. The Property entirely encloses the Dykes River Intrusive Complex (~160 km² at the surface) and is accessible year-round via paved Route 510, a Cartwright logging road, and a SAGA-constructed access trail. Infrastructure advantages include the deep-water port at Cartwright, the Cartwright Airport (YRF), and proximity to regional hydroelectric power from Muskrat Falls and Churchill Falls.

Diamond drilling, geophysics, trenching and geological mapping have confirmed a 29 km² oxide-bearing lopolith that host the Trapper, Falcon and Hawkeye Zones. VTM mineralization at Radar is comparable to that of global Fe-Ti-V systems such as Panzhihua (China) and Bushveld (South Africa). Subject to further exploration, resource definition, and metallurgical testing, the Project may represent a strategic source of titanium, vanadium, and iron for North American markets.

Figure 8: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red (high-amplitude pixels only). The QMAGT-imaged central oxide-layering lopolith validated over a 29 km² area, encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone, with additional targets highlighted to the west and north. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/315599_saga8.jpg

Source:

1. https://centralparktower.com/

Qualified Person

Dr. A. Miller, P. Geo., PEGNL, is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

Technical Information

Diamond drill core was logged and sampled by Company personnel at SAGA's core facility in Cartwright, Labrador. The drill core diameter was NQ. The core was cut lengthwise using a diamond saw, and one half was retained in the core box, while the other half was sampled at designated intervals for analysis.

Core samples were prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montréal, Québec. As part of the analytical quality assurance and quality control (QA/QC) program, certified reference standards, blanks, and duplicate samples were inserted into the sample stream at regular intervals to monitor analytical accuracy and precision.

Crush rejects and pulp samples are retained and stored in a secure facility for potential future verification and re-analysis. The Company maintains a rigorous QA/QC protocol consistent with industry standard practices.

About SAGA Metals Corp.

SAGA Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The 100% owned Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 24,641 m of drilling in the Hawkeye and Trapper zones, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with consistently uniform grades of titanium, vanadium and iron.

The 100% owned Wolverine Heavy Rare Earth Element Project in Labrador, is a near-surface REE system hosted within a peralkaline caldera complex that shares geological similarities with the intrusion-hosted Tanbreez, Strange Lake deposits and the stratiform Brockman (Hastings) REE deposit, Western Australia. Historic drilling identified consistent mineralization with assays up to 2.03% TREO including approximately 28% HREO and grab sample assays up to 21.6% TREO. Large scale potential is supported by 26 km² of exposed mineralization tuff at surface with about 5% of the prospective unit drilled to date.

The 100% owned Double Mer Uranium Project covers 25,600 hectares and features uranium radiometrics that highlight an 18 km east-west trend, with a confirmed 14 km section producing samples as high as 0.428% U₃O₈. (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Project in Quebec's Eeyou Istchee James Bay region. This project spans 72,701 hectares and has geological attributes similar to nearby terrains currently being explored by Rio Tinto, Li-FT Power, SOQUEM, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in securing critical minerals.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
SAGA Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects", "believes", and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company's Radar Project. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company's assets, and the risks detailed in the Company's continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315599

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the purpose of the Trapper Zone drill program at the Radar project?

The drill program at the Trapper Zone was designed to collect data for a maiden Mineral Resource Estimate (MRE) on SAGA Metals’ Radar titanium-vanadium-iron project. The company said the combination of a high-grade core and long, correlated oxide intercepts across multiple cross-sections is what it needs to define the orebody for this maiden resource.

Where is the Radar titanium-vanadium-iron project located and who owns it?

The Radar titanium-vanadium-iron project is located near Cartwright, Labrador, Canada. SAGA Metals reports that the project, including the Trapper Zone, is 100% owned by the company.

How extensive is the oxide-bearing system that includes the Trapper Zone?

The Trapper Zone forms part of an oxide-bearing lopolith that also includes the Falcon and Hawkeye Zones. The company describes this central oxide-layering lopolith, as imaged by QMAGT, as being validated over an area of about 29 square kilometres.

What drilling details are provided for the newly reported holes?

For holes R-0075 to R-0081, SAGA Metals discloses drill azimuths, dips, total depths, and oxide zone intersections, including both downhole lengths and true thicknesses. The oxide zones are described mainly as semi-massive oxides with intervals of rhythmic layering, and are tied to specific cross-sections (N10, N06, N09, T05, and N08) used in 3D magnetic inversion models.

How do the new results relate to previously reported Trapper Zone drilling?

The seven new holes add to earlier results from 67 diamond drill holes in the same MRE program, summarized in a table of assay highlights from holes R-0008 to R-0074. Those earlier holes also reported long intercepts of Fe-Ti-V oxide mineralization, and together with the new holes bring the total to 74 Trapper Zone holes with reported assays.