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

VANCOUVER, B.C. – September 15, 2026 – SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), 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.

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 semimassive 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.

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.

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.

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.

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