SAGA Metals Corp. (TSX-V: SAGA) (OTCQX: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, is pleased to report additional assay results from drill holes R-0064, -0065, -0066, -0067, -0068, -0069, -0070 and -0071 completed in 2026 as part of its ongoing maiden Mineral Resource Estimate diamond drill program 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.

Analytical results received for eight (8) additional diamond drill holes (R-0064 to R-0071) from the MRE drill program initiated in Q4 2025, delivering consistent broad intercepts of oxide mineralization.

Key intercepts include:

• Hole R-0064: 187.0 m @ 41.61% Fe2O3, 6.07% TiO2, 0.280% V2O5
  • Including 71.9 m @ 43.47% Fe2O3, 6.60% TiO2, 0.273% V2O5
  • Including 80.0 m @ 42.62% Fe2O3, 6.03% TiO2, 0.306% V2O5
• Hole R-0065: 128.0 m @ 46.11% Fe2O3, 6.79% TiO2, 0.326% V2O5
  • Including 65.8 m @ 49.48% Fe2O3, 7.24% TiO2, 0.373% V2O5
  • Including 43.7 m @ 42.74% Fe2O3, 7.11% TiO2, 0.230% V2O5
• Hole R-0066: 47.8 m @ 43.53% Fe2O3, 6.03% TiO2, 0.334% V2O5
  • Including 23.3 m @ 52.52% Fe2O3, 7.58% TiO2, 0.428% V2O5
• Hole R-0067: 26.7 m @ 50.35% Fe2O3, 7.14% TiO2, 0.410% V2O5
• Hole R-0068: 29.0 m @ 51.26% Fe2O3, 7.47% TiO2, 0.425% V2O5
• Hole R-0069: 194.8 m @ 18.50% Fe2O3, 3.58% TiO2, 0.071% V2O5
• Hole R-0070: 47.2 m @ 20.49% Fe2O3, 2.18% TiO2, 0.120% V2O5
• Hole R-0071: 114.6 m @ 35.89% Fe2O3, 5.18% TiO2, 0.223% V2O5
  • Including 34.9 m @ 46.21% Fe2O3, 7.03% TiO2, 0.314% V2O5

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

“These eight drill holes continue to provide grade consistency that validates the significance of this oxide system, these critical minerals track together. The ore body has a uniform core and defined edges. In the heart of Trapper Zone we are intercepting high-grade oxide with up to 58% Fe2O3, 8% TiO2 and 0.440% V2O5 across 100 to 300 metres. The significance is that we’ve been able to define the shoulders while continuing to intersect long, continuous intervals of correlated titanium, vanadium and iron. That is exactly what is required leading into a maiden resource. You have to define both the high-grade core and the limits of the ore body, and these holes do both.”

The results from these eight drill holes, R-0064, R-0065, R-0066, R-0067, R-0068, R-0069, R-0070 and R-0071 continue to track the high-grade oxide system previously reported across the Trapper Zone, while also highlighting where the system is strongest and where it steps out. Like previously reported drill hole results, they demonstrate the consistency in grade and widths across the oxide mineralization, underscoring the growing potential for a well defined and sizable mineral resource that could create meaningful long-term value for SAGA shareholders.

Detailed Logging Highlights from Drill Hole R-0064 to R-0071

• Hole R-0064 (Cross-Section S12, Figure 3): Drill hole R-0064 is drilled on cross-section S12 with an azimuth of 218 and dipping -45°, with a total depth of 569 m. The oxide zone intersected at 2.0 m is 396.6 m (true thickness 340.0 m) consisting of 160.1 m of semi-massive and 236.5 m of rhythmic layering oxide.
• Hole R-0065 (Cross-Section S11, Figure 2): Drill hole R-0065 is drilled on cross-section S11 with an azimuth of 218 and dipping -45°, with a total depth of 584 m. The oxide zone intersected initially at 41.1 m is 121.7 m (true thickness 117.6 m) consisting of 4.2 m of semi-massive and 117.4 m of rhythmic layering oxide and intersected again at 338.7 m spanning 233.4 m (true thickness 191.2 m) consisting of 61.3 m of semi-massive and 172.1 m of rhythmic layering oxide.
• Hole R-0066 (Cross-Section N12, Figure 6): Drill hole R-0066 is drilled on cross-section N12 with an azimuth of 218 and dipping -45°, with a total depth of 320 m. The oxide zone intersected initially at 52.2 m is 32.1 m (true thickness 32.1 m) consisting of 32.1 m of semi-massive oxide and intersected again at 169.7 m spanning 93.7 m (true thickness 93.3 m) consisting of 93.7 m of rhythmic layering oxide.
• Hole R-0067 (Cross-Section N12, Figure 6): Drill hole R-0067 is drilled on cross-section N12 with an azimuth of 38 and dipping -45°, with a total depth of 203 m. The oxide zone intersected initially at 13.8 m is 19.2 m (true thickness 18.2 m) consisting of 19.2 m of rhythmic layering oxide and intersected again at 48.5 m spanning 74.8 m (true thickness 71.1 m) consisting of 19.2 m of semi-massive and 55.6 m of rhythmic layering oxide.
• Hole R-0068 (Cross-Section N12, Figure 6): Drill hole R-0068 is drilled on cross-section N12 with an azimuth of 38 and dipping -65°, with a total depth of 263 m. The oxide zone intersected at 31.5 m is 34.6 m (true thickness 17.6 m) consisting of 24.9 m of semi-massive and 9.9 m of rhythmic layering oxide.
• Hole R-0069 (Cross-Section S13, Figure 4): Drill hole R-0069 is drilled on cross-section S13 with an azimuth of 218 and dipping -60°, with a total depth of 221 m. The oxide zone intersected at 105.7 m is 16.5 m (true thickness 10.6 m) consisting of 16.5 m of rhythmic layering oxide.
• Hole R-0070 (Cross-Section N12, Figure 6): Drill hole R-0070 is drilled on cross-section N12 with an azimuth of 38 and dipping -45°, with a total depth of 221 m. The oxide zone intersected at 36.0 m is 6.6 m (true thickness 6.6 m) consisting of 6.6 m of rhythmic layering oxide.
• Hole R-0071 (Cross-Section T04, Figure 5): Drill hole R-0071 is drilled on cross-section T04 with an azimuth of 38 and dipping -45°, with a total depth of 242 m. The oxide zone intersected at 59.4 m is 101.6 m (true thickness 78.9 m) consisting of 46.4 m of semi-massive and 55.2 m of rhythmic layering oxide.

Figure 2: Cross section of S11 looking NW showing R-0012, R-0013, R-0014, R-0015, R-0051, R-0061 and R-0065 highlighting an intercept of layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0012, R-0013, R-0014, R-0015, R-0051, R-0061 and R-0065.

Figure 3: Cross section of S12 looking NW showing R-0052, R-0053, R-0062 and R-0064, 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-0052, R-0053, R-0062 and R-0064.

Figure 4: Cross section of S13 looking NW showing R-0054, R-0055 and R-0069 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-0054, R-0055 and R-0069.

 Figure 5: 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. Assays are pending for R-0073.

 Figure 6: Cross section of N12 looking NW showing R-0010, R-0066, R-0067, R-0068 and R-0070 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-0066, R-0067, R-0068 and R-0070. Assays for R-0010 are shown on cross section N11 as reported previously, a portion of this hole is shown above as it intersections cross section N12 briefly.

 Figure 7: Trapper Zone plan view map outlining location of the MRE drill program completed to date, including 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.

Trapper Zone Assay Highlights

These results now bring the total MRE drill results to sixty-four (64) diamond drill holes received to date. As reported previously, analytical results from these sixty-four (64) diamond drill holes (Table 1) of the MRE drill program include:

2

39

2

14

17

6

1

52

16

4

5

42

20

6

4

58

1

31

17

0

8

8

2

75

47

0

50

3

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 300 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.
• Rhythmic banding and semi-massive to massive oxide mineralization are observed consistently in Trapper South, comparable to the high-grade results from Trapper North.
• 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).

3

11

4

88

3

32

2

45

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 S11, S12, S13. T04 & N12. 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. Analytical results from R-0072 to R-0079 are expected early next week. 784 samples from R-0080 to R-0084 were received by IGS Laboratories on August 25, 2026. The last and final shipment of 1,458 samples from R-0085 to R-0092 were received by IGS Laboratories on September 4, 2026. IGS is working tirelessly to complete the analysis of all remaining samples 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 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.

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 strong geological similarities with the Tanbreez and Strange Lake deposits. 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.