SAGA Metals Reports Assays from R-0061 to R-0063 with Intercepts Including 47.36% Fe2O3, 6.73% TiO2, 0.353% V2O5 from 2026 Drilling at Radar Critical Minerals Project in Labrador

VANCOUVER, B.C. – August 17, 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-0061, -0062, and -0063 completed in 2026 as part of its ongoing maiden Mineral Resource Estimate ("MRE") 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 corridor 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 corridor 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-0061 to R-0063) from the MRE drill program initiated in Q4 2025, delivering consistent broad intercepts of oxide mineralization.

Key intercepts include:

• Hole R-0061: 163.0 m @ 43.07% Fe2O3, 6.19% TiO2, 0.293% V2O5
  • Including 92.3 m @ 47.36% Fe2O3, 6.73% TiO2, 0.353% V2O5
• Hole R-0062: 33.0 m @ 34.37% Fe2O3, 5.24% TiO2, 0.173% V2O5
  • Including 14.8 m @ 40.52% Fe2O3, 6.38% TiO2, 0.217% V2O5
• Hole R-0063: 98.9 m @ 28.51% Fe2O3, 4.01% TiO2, 0.157% V2O5

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

“These latest results, highlighted by the significant 163-metre intercept in hole R-0061 averaging 43.07% Fe₂O₃, 6.19% TiO₂ and 0.293% V₂O₅, continue to demonstrate the impressive continuity and consistency of oxide mineralization across the Trapper Zone. We are now just one drill hole away from completing the planned MRE drill program. Given the massive intercepts of semi-massive oxide encountered in Trapper North, management decided to add two additional holes (R-0091 & R-0092) to the program to collect critical structural data that will further strengthen the resource model. We remain highly encouraged by the scale and quality of the mineralization as we advance toward our maiden Mineral Resource Estimate.”

The results from these three drill holes, R-0061, R-0062, and R-0063, like previously reported drill hole results, demonstrate the consistency in grade and widths across the oxide mineralization, underscoring the growing potential for a sizable mineral resource that could create meaningful longterm value for SAGA shareholders.

Detailed Logging Highlights from Drill Hole R-0061 to R-0063

• Hole R-0061 (Cross-Section S11, Figure 2): Drill hole R-0061 is drilled on cross-section S11 with an azimuth of 218 and a dip of dipping -45°, with a total depth of 359 m. The oxide zone intersected at 51.9 m is 244.4 m (true thickness 221.2 m) consisting of 93.5 m of semimassive and 150.8 m of rhythmic layering oxide.

• Hole R-0062 (Cross-Section S12, Figure 3): Drill hole R-0062 is drilled on cross-section S12 delete with an azimuth of 38 and a dip of dipping -60°, with a total depth of 251 m. The oxide zone intersected at surface (0.0 m) is 111.4 m (true thickness 101.8 m) consisting of 36.2 m of semi-massive and 75.2 m of rhythmic layering oxide.

• Hole R-0063 (Cross-Section G10 - Trapper Grace, Figure 4): Drill hole R-0063 is drilled on cross-section G10, with an azimuth of 180 and a dip of -45°, with a total depth of 542 m. The oxide zone was intersected at 61.7 m is 137.8 m (true thickness 79.0 m) consisting of 6.5 m of semi-massive and 131.3 m of rhythmic layering.

The Trapper Grace zone cross-section G10 (see Figure 4 & 5 below) first-pass exploratory drill hole R- 0063 has proven highly successful, intersecting nearly 100 metres of correlated titanium, vanadium and iron grades. This result highlights its potential as a future extension to the main Trapper Zone and will be included in the upcoming Mineral Resource Estimate (MRE) discussion.

Figure 2: Cross section of S11 looking NW showing R-0012, R-0013, R-0014, R-0015, R-0051 and R-0061 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 and R-0061.

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, and R-0062. Assays pending for R-0064.

Figure 4: Cross section of G10 looking E showing R-0063, 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-0063.

Figure 5: Trapper Zone plan view map outlining location of the MRE drill program completed to date, including cross-sections 0S4-S13 in Trapper South, T01-T03 in Trapper Transition, N6-N12 in Trapper North and G10 in Trapper Grace 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 fifty-six (56) diamond drill holes received to date. As reported previously, analytical results from the first fifty-three (53) 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-0060.

• Top 15 intercepts from the MRE Drill Program to date can be found in Table 4 below.
• Completed eighty-two (82) holes (R-0008 to R-0090) from Q4 2025 to date in 2026, with a significant oxide intercept in R0064 of 396.6 m (true thickness of 340.0) comprised of semimassive oxide with extensive rhythmic oxide layering.
• Drill Rig 1 is drilling hole R-0089 and Rig 2 is drilling R-0091 with one hole remaining to complete the drill program for the MRE.
• MRE drilling to date has returned multiple holes of thick oxide core intercepts ranging from 70–163 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.
• Drilling is progressing efficiently, with 21,516 m completed in the Trapper Zone to date.
• Excellent core recovery remains above 95% and representative sampling support ongoing metallurgical test work and the advancement of the maiden Mineral Resource Estimate.

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).