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

VANCOUVER, B.C. – September 23, 2026 – SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: 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-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.

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 semimassive 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 semimassive 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 semimassive 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 semimassive 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.

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.

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

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.

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.

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.

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.

• 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).