SAGA Metals Drills 470 m at 36.72% Fe2O3, 5.40% TiO2, 0.245% V2O5 Including 69.2 m at 51.03% Fe2O3, 8.55% TiO2, 0.334% V2O5 at Radar Critical Minerals Project in Labrador

Saga Metals Corp. (TSXV: SAGA,OTC:SAGMF) (OTCQB: 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-0072, -0073, and -0074 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 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.

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Analytical results received for three (3) additional diamond drill holes (R-0072 to R-0074) from the MRE drill program initiated in Q4 2025, delivering consistent broad intercepts of oxide mineralization.

Key intercepts include:

• Hole R-0072: 470.0 m @ 36.72% Fe2O3, 5.40% TiO2, 0.245% V2O5
  • Including 126.2 m @ 37.73% Fe2O3, 5.39% TiO2, 0.281% V2O5
  • Including 183.2 m @ 46.44% Fe2O3, 7.52% TiO2, 0.307% V2O5
  • Including 66.8 m @ 50.06% Fe2O3, 8.07% TiO2, 0.349% V2O5
  • Including 69.2 m @ 51.03% Fe2O3, 8.55% TiO2, 0.334% V2O5
• Hole R-0073: 116.3 m @ 36.73% Fe2O3, 5.74% TiO2, 0.225% V2O5
  • Including 54.6 m @ 44.40% Fe2O3, 6.95% TiO2, 0.303% V2O5
• Hole R-0074: 116.7 m @ 42.21% Fe2O3, 6.53% TiO2, 0.281% V2O5

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

"Trapper North is continuing to show us the heart of this system and the significance of these intercepts as they are outlaid together across the cross sections. Drill hole R-0072 adds incredible length at 470 metres (1,542 feet) of continuous, correlated titanium, vanadium and iron, including 69.2 metres at 51.03% Fe2O3, 8.55% TiO2 and 0.334% V2O5. Put that length against something people already know: Central Park Tower in Manhattan, the world's tallest residential building, stands 472.4 metres (see Figure 2 below).

When an intercept of that length sits inside a cross section that already includes R-0008 through R-0011, you are no longer describing a target. You are describing a body with thickness, continuity and grade that can be modelled.

What matters for the MRE is that the chemistry does not fall apart at the edges of those long runs, in fact R-0072 ended in mineralization. The high-grade cores stay coherent, the shoulders remain oxide-bearing, and the metals stay locked in the same ratio we have been seeing across Trapper. That is exactly the behaviour you want heading into a first resource: a thick, internally consistent oxide package that can be constrained in 3D rather than stitched together from isolated hits. These assays reaffirm some of the most important sections on the property and setting the stage for a robust maiden mineral resource estimate."

Detailed Logging Highlights from Drill Hole R-0072 to R-0074

• Hole R-0072 (Cross-Section N11, Figure 2): Drill hole R-0072 is drilled on cross-section N11 with an azimuth of 38 and dipping -70°, with a total depth of 473 m. The oxide zone intersected at 51.8 m is 342.1 m (true thickness 241.9 m) consisting of 255.9 m of semi-massive and 86.2 m of rhythmic layering oxide.
• Hole R-0073 (Cross-Section T04, Figure 3): Drill hole R-0073 is drilled on cross-section T04 with an azimuth of 38 and dipping -65°, with a total depth of 254 m. The oxide zone intersected at 46.0 m is 109.9 m (true thickness 97.9 m) consisting of 58.6 m of semi-massive and 51.3 m of rhythmic layering oxide.
• Hole R-0074 (Cross-Section N08, Figure 4): Drill hole R-0074 is drilled on cross-section N08 with an azimuth of 218 and dipping -55°, with a total depth of 332 m. The oxide zone intersected at 172.0 m is 120.7 m (true thickness 100.2 m) consisting of 97.2 m of semi-massive and 23.5 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-0087, 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, and R-0072. Assays pending for R-0085, R-0087, 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-0072 and the significance of the 470 m (1,542 feet) intercept (highlighted in blue) with correlated titanium, vanadium and iron.

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Figure 3: Cross section of T04 looking NW showing R-0071 and R-0073 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-0071 and R-0073.

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Figure 4: 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. Assays pending for R-0081, R-0082, and R-0091.

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Figure 5: 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.

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Trapper Zone Assay Highlights

These results now bring the total MRE drill results to sixty-seven (67) diamond drill holes received to date. As reported previously, analytical results from the first sixty-four (64) 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-0071.

• 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 470 metres.
• MRE drilling to date has returned multiple holes of thick oxide core intercepts ranging from 70-296 metres and certain assay intervals frequently above 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 above, which depict the oxide mineralization in cross sections N11, T04 & N08. True thickness represents the perpendicular width of the mineralized zone, while the total downhole oxide represents the length of the mineralization intercepted downhole.

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 is working tirelessly to complete the analysis of the remaining 3,088 samples from drill holes R-0075 to R-0092 with the goal of releasing the assay results to the Company within the next 2-3 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.

• 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.
• Consistent grades and thicknesses with semi-massive to massive oxide reporting up to 72.33% Fe2O3,13.3% TiO2, and 0.66% V2O5.
• 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 5 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 6: 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.

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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

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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