SAGA Metals Drills 495.6 m at 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5 Including 68.2 m at 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5 at Radar Critical Minerals Project in Labrador

The completed 22,432-metre drilling program supports work toward a first mineral resource estimate for the Trapper Zone.

Rhea-AI Summary

SAGA Metals (SAGMF) reported six additional drill-hole assay results from the Trapper Zone at its wholly owned Radar project in Labrador.

Hole R-0085 returned 495.6 m grading 37.86% iron oxide (Fe2O3), 5.51% titanium dioxide (TiO2) and 0.273% vanadium pentoxide (V2O5). That interval included 68.2 m at 52.95% Fe2O3, 8.57% TiO2 and 0.381% V2O5. The other five holes reported assay intervals of 51.8 m, 25.8 m, 80.9 m, 46.3 m and 43.1 m.

The maiden mineral resource estimate drilling program was completed in August 2026, totaling 22,432 metres. Results have been received for 80 holes, while the cross-section figures identify additional assays as pending. SAGA said the results support modeling the oxide layers, folds and true widths for its first Trapper Zone resource estimate. The separately logged oxide zone in R-0085 had a reported true thickness of 284.2 m.

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Positive

• Moderate pointR-0085 returned 495.6 m at 37.86% Fe2O3, 5.51% TiO2 and 0.273% V2O5.
• Moderate pointResource-estimate drilling totaling 22,432 metres was completed in August 2026.
• Minor pointR-0085 included 68.2 m at 52.95% Fe2O3, 8.57% TiO2 and 0.381% V2O5.
• Minor pointR-0085 included 203.2 m at 44.75% Fe2O3, 6.77% TiO2 and 0.336% V2O5.
• Minor pointR-0085 included 89.0 m at 43.36% Fe2O3, 6.39% TiO2 and 0.328% V2O5.

9 minor points

• Minor pointR-0085 included 16.9 m at 45.84% Fe2O3, 6.74% TiO2 and 0.377% V2O5.
• Minor pointR-0085 included 14.9 m at 52.75% Fe2O3, 8.35% TiO2 and 0.437% V2O5.
• Minor pointR-0084 returned 80.9 m at 36.58% Fe2O3, 6.07% TiO2 and 0.201% V2O5.
• Minor pointR-0082 returned 51.8 m at 36.12% Fe2O3, 6.18% TiO2 and 0.190% V2O5.
• Minor pointR-0086 returned 46.3 m at 42.44% Fe2O3, 6.77% TiO2 and 0.286% V2O5.
• Minor pointR-0087 returned 43.1 m at 46.24% Fe2O3, 7.87% TiO2 and 0.279% V2O5.
• Minor pointR-0083 returned 25.8 m at 41.89% Fe2O3, 7.27% TiO2 and 0.295% V2O5.
• Minor pointAssay results received now cover 80 diamond drill holes in the resource-estimate program.
• Minor point. Forward-looking: it has not happened yet and may not happen.Trapper Zone modeling is the company's stated next step toward its maiden mineral resource estimate.

Negative

• Minor pointAssays for R-0088, R-0089, R-0090, R-0091 and R-0092 remain pending in the cross-section figures.

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Vancouver, British Columbia--(Newsfile Corp. - October 7, 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-0082, -0083, -0084, -0085, -0086, and -0087 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/12336/317823_be02ea52340baa73_001full.jpg

Analytical results received for six (6) additional diamond drill holes (R-0082 to R-0087) from the MRE drill program initiated in Q4 2025, continue to deliver consistent broad intercepts of oxide mineralization.

Key intercepts include:

• Hole R-0082: 51.8 m @ 36.12% Fe2O3, 6.18% TiO2, 0.190% V2O5

• Hole R-0083: 25.8 m @ 41.89% Fe2O3, 7.27% TiO2, 0.295% V2O5

• Hole R-0084: 80.9 m @ 36.58% Fe2O3, 6.07% TiO2, 0.201% V2O5

• Hole R-0085: 495.6 m @ 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5

  • Including 14.9 m @ 52.75% Fe2O3, 8.35% TiO2, 0.437% V2O5

  • Including 203.2 m @ 44.75% Fe2O3, 6.77% TiO2, 0.336% V2O5

  • Including 68.2 m @ 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5

  • Including 89.0 m @ 43.36% Fe2O3, 6.39% TiO2, 0.328% V2O5

  • Including 16.9 m @ 45.84% Fe2O3, 6.74% TiO2, 0.377% V2O5

• Hole R-0086: 46.3 m @ 42.44% Fe2O3, 6.77% TiO2, 0.286% V2O5

• Hole R-0087: 43.1 m @ 46.24% Fe2O3, 7.87% TiO2, 0.279% V2O5

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

"Section N11 is the picture we have been drilling toward. R-0085 cut 495.6 metres of consistent, correlated titanium, vanadium and iron, including 68.2 metres at 52.95% Fe2O3, 8.57% TiO2 and 0.381% V2O5, and it sits on the same fence as R-0072, which returned 470 metres of the same oxide sequence. Put those two intercepts against something people already know: Central Park Tower in Manhattan, the world's largest residential building¹, stands 472.4 metres (See Figure 2 & 3). One hole runs past that height. The other essentially matches it. They are not narrow spikes. They are two thick, overlapping cuts through the same layered system, and they give N11 a width and a continuity that a single spectacular hole cannot.

With the assays from this program now available, the cross-sections are no longer a set of pending lines. We can now model the oxide layers, the folds and the true widths as one body for the Company's maiden mineral resource estimate over the Trapper Zone."

Detailed Logging Highlights from Drill Hole R-0082 to R-0087

• Hole R-0082 (Cross-Section N09 Figure 4): Drill hole R-0082 is drilled on cross-section N09 with an azimuth of 0° and dipping -45°, with a total depth of 269 m. The oxide zone intersected at 115.2 m is 69.6 m wide (true thickness 58.4 m) consisting of 57.4 m of semi-massive and 12.2 m of rhythmic layering oxide.

• Hole R-0083 (Cross-Section N09 Figure 4): Drill hole R-0083 is drilled on cross-section N09 with an azimuth of 218° and dipping -45°, with a total depth of 263 m. The oxide zone intersected at 10.0 m is 87.6 m wide (true thickness 76.0 m) consisting of 29.6 m of semi-massive and 58.0 m of rhythmic layering oxide.

• Hole R-0084 (Cross-Section N09 Figure 4): Drill hole R-0084 is drilled on cross-section N09 with an azimuth of 38° and dipping -55°, with a total depth of 164 m. The oxide zone intersected at 33.4 m is 79.1 m wide (true thickness 64.5 m) consisting of 79.1 m of semi-massive oxide.

• Hole R-0085 (Cross-Section N11, Figure 2): Drill hole R-0085 is drilled on cross-section N11 with an azimuth of 218° and dipping -55°, with a total depth of 503 m. The oxide zone intersected at 10.1 m is 408.5 m wide (true thickness 284.2 m) consisting of 275.6 m of semi-massive and 132.9 m of rhythmic layering oxide.

• Hole R-0086 (Cross-Section N10, Figure 3): Drill hole R-0086 is drilled on cross-section N10 with an azimuth of 38° and dipping -45°, with a total depth of 131 m. The oxide zone intersected at 40.6 m is 48.6 m wide (true thickness 47.8 m) consisting of 45.0 m of semi-massive and 3.6 m of rhythmic layering oxide.

• Hole R-0087 (Cross-Section N09, Figure 4): Drill hole R-0087 is drilled on cross-section N09 with an azimuth of 218° and dipping 80°, with a total depth of 89 m. The oxide zone intersected at 1.5 m is 55.4 m wide (true thickness 45.3 m) consisting of 53.0 m of semi-massive and 2.4 m of rhythmic layering oxide.

Figure 2: Cross section of N11 looking NW showing R-0008, R-0009, R-0010, R-0011, R-0072, R-0085, R-0089 and R-0092, 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-0008, R-0009, R-0010, R-0011, R-0072, R-0085. Assays pending for R-0089 and R-0092. Central Park Tower located in Manhattan, New York, the world's largest residential building at 472.4 m, is used to contextualize the size of drill hole R-0085 and R-0072 and the significance of the 495.6 m (1,626 feet) and 470 m (1,542 feet) intercepts (highlighted in blue) with correlated titanium, vanadium and iron.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/317823_be02ea52340baa73_002full.jpg

Figure 3: 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, R-0075, and R-0086. Assays pending for 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.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/317823_be02ea52340baa73_003full.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, R-0080, R-0082, R-0083, R-0084, R-0087. Assays pending for R-0090.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/317823_be02ea52340baa73_004full.jpg

Figure 5: 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, R-0081, and R-0082. Assays pending for R-0091.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/317823_be02ea52340baa73_005full.jpg

Figure 6: 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/12336/317823_be02ea52340baa73_006full.jpg

Trapper Zone Assay Highlights

These results now bring the total MRE drill results to eighty (80) diamond drill holes received to date. As reported previously, analytical results from the first sixty-four (74) diamond drill holes (Table 1) of the MRE drill program include:

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
R-0075	1.4	488.0	485.4	381.4	32.21	5.30	0.191
R-0075	125.3	254.3	129.1	101.4	47.16	7.82	0.295
R-0075	273.4	415.0	141.6	111.1	40.64	6.38	0.262
R-0075	125.3	182.0	56.8	44.6	49.56	8.17	0.339
R-0076	56.4	89.3	32.9	29.3	33.18	5.11	0.180
R-0077	61.3	85.3	23.3	22.0	34.04	5.08	0.197
R-0077	131.0	143.1	12.1	11.4	36.69	8.76	0.182
R-0078	41.0	168.3	127.3	118.9	40.62	6.92	0.236
R-0078	80.4	168.3	87.9	82.1	44.87	7.65	0.275
R-0080	117.0	180.8	63.8	45.4	38.83	6.97	0.194
R-0080	117.0	152.0	35.0	24.9	44.33	8.08	0.227
R-0081	8.6	278.0	269.4	229.8	32.76	4.98	0.192
R-0081	57.0	205.5	148.5	126.6	44.47	7.12	0.287
R-0081	68.0	137.2	69.2	59.0	50.18	8.20	0.329

 

Table 1: MRE drill program assay intercepts previously reported in Q4 2025 and 2026 to date from drill holes R-0008 to R-0081.

• 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).

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-0001	43° / -47°	311	63.29	266.31	0	111.92	111.92	N/A	Yes
R-0002	223° / -47°	300	39	62.2	0	23.2	23.2	N/A	Yes
R-0003	43° / -47°	233	0	0	0	0	0	N/A	Yes
R-0004	43° / -47°	308	24.45	287	0	184.45	184.45	N/A	Yes
R-0005	43° / -70°	459	35	448.74	0	163.08	163.08	N/A	Yes
R-0006	43° / -47°	284	101	293	0	175.3	175.3	N/A	Yes
R-0007	425° / -47°	314	3.5	236.8	0	132.27	132.27	N/A	Yes
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	Yes
R-0083	218° / -45°	263	10.0	259.0	29.6	58.0	87.6	76.0	Yes
R-0084	38° / -55°	164	33.4	114.3	79.1	0.0	79.1	64.5	Yes
R-0085	218° / -55°	503	10.1	503.0	275.6	132.9	408.5	284.2	Yes
R-0086	38° / -45°	131	40.6	93.8	45.0	3.6	48.6	47.8	Yes
R-0087	218° / 80°	89	1.5	56.9	53.0	2.4	55.4	45.3	Yes
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 2: Summary of drill holes R-0008 to R-0092, highlighting the oxide intercepts. See Figures 2, 3, 4, & 5 above, which depict the oxide mineralization in cross sections N11, N10, N09, & N08. True thickness represents the perpendicular width of the mineralized zone, while the total downhole oxide represents the length of the mineralization intercepted downhole.

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

 

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

Sampling Summary

Saga's core cutting team finalized the cutting, sampling, and shipping of all samples by August 31, 2026. IGS Laboratories has now completed the analysis of all remaining samples from the MRE drill program. The Company expects to release the final set of assays from drill holes R-0088 to R-0092 within the next week. 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:

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-0085	264.8	333.0	68.2	62.1	52.95	8.57	0.381
R-0072	360.0	429.2	69.2	49.0	51.03	8.55	0.334
R-0085	10.1	25.0	14.9	13.6	52.75	8.35	0.437
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-0087	1.5	44.6	43.1	42.4	46.24	7.87	0.279
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

 

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

• 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 6 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 7: 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/12336/317823_be02ea52340baa73_007full.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 peralkaline volcanic rocks 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. Large scale potential is supported by 26 km² of exposed mineralization tuff at surface with about 5% of the prospective unit drilled to date. In addition, grab sample assays of pegmatite hosted in peralkaline granite returned up to 21.6% TREO.

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.

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FAQ

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

What did SAGA Metals report from drill hole R-0085 at Radar?

R-0085 returned 495.6 m at 37.86% Fe2O3, 5.51% TiO2 and 0.273% V2O5. Within that interval, 68.2 m graded 52.95% Fe2O3, 8.57% TiO2 and 0.381% V2O5. The hole was drilled on cross-section N11 in the Trapper Zone.

Has SAGA Metals completed its Trapper Zone resource-estimate drilling program?

The maiden mineral resource estimate drilling program was completed in August 2026, totaling 22,432 metres. Assay results have been received for 80 diamond drill holes. SAGA said it can now model the oxide layers, folds and true widths for the first Trapper Zone resource estimate.

What oxide-zone thickness did SAGA Metals log in Radar hole R-0085?

The separately logged oxide zone in R-0085 measured 408.5 m along the hole, with a true thickness of 284.2 m. It began at 10.1 m and consisted of 275.6 m of semi-massive oxide and 132.9 m of rhythmic layering oxide. These logging measurements describe a different interval from the 495.6 m assay result.