Saga Metals prepares for drilling at Radar

Mr. Mike Stier reports SAGA METALS MOBILIZES FOR MAJOR DRILL PROGRAM AT RADAR PROJECT IN LABRADOR, TARGETING MAIDEN MINERAL RESOURCE ESTIMATE Saga Metals Corp. has mobilized crews to its 100-per-cent-owned Radar titanium-vanadium-iron project in southern Labrador, Canada. This mobilization marks a significant step in preparing for a major drill program aimed at expanding known mineralization and advancing toward the completion of a maiden mineral resource estimate on the project. Preparation begins for a 15,000-metre drill program at the Radar Ti-V-Fe project Field preparations are under way across the Radar project's Trapper zone, which spans over a three-plus-kilometre strike of oxide mineralization. Current work is designed to strengthen drill targeting, maximize efficiency and ensure high-quality geological data accuracy for the MRE, including the following. 1. Enhanced trench analysis Building on approximately 504 square metres (5,425 square feet) of trenching completed to date, Saga is conducting additional high-pressure power washing and detailed geological mapping in three trenches within the Trapper zone. This work exposes clean bedrock surfaces by removing overburden and vegetation, allowing geologists to document rock types, mineral textures and oxide layering trends with precision. The process will help refine 3-D geological models, confirm continuity of vanadiferous titanomagnetite mineralization and identify the most prospective high-grade drill targets. 2. Surveying and geophysical preparation Crews are also executing a comprehensive surveying program to support drill collar placement and spatial accuracy across the Trapper zone. Using high-precision GPS, total stations and laser scanning technology, the team is mapping the newly built four-kilometre Trapper Trail access route, establishing a geophysics baseline and cutting grid lines (cutlines) through vegetation to enable further geophysical traverses. The geophysics baseline will serve as a calibration reference for magnetometer instruments, ensuring consistent and reliable detection of anomalies that may indicate subsurface mineralization. Collectively, these surveys are designed to eliminate spatial errors in modelling and optimize drill hole targeting. 3. Establishing full camp infrastructure To support the scale of the coming 15,000-metre drill program, Saga has secured land near Cartwright, Labrador, for the establishment of a fully serviced exploration camp. The camp will include accommodations, a kitchen trailer, a core shack for drill core logging and storage, an office for data management, and a cut shack for sample preparation. Utility infrastructure, including power generation, water storage and filtration, and septic systems, is being installed to ensure long-term operational stability. With this infrastructure in place, Saga is positioned to support long-term stability and efficiency for the crews managing this milestone drill program. "This mobilization is a pivotal moment for the Radar project as we move from early exploration success toward defining a mineral resource," said Mike Stier, chief executive officer and director of Saga Metals. "By investing in thorough trench mapping, advanced surveying and robust camp infrastructure, we are positioning the Radar project for a highly efficient 15,000-metre drill program. We believe this campaign has the potential to unlock significant value in titanium, vanadium and iron critical minerals essential to the global energy transition. Our priority is to advance Radar toward a mineral resource estimate and deliver value to our shareholders." The preparation phase is expected to conclude in the coming weeks, with the 15,000-metre drilling program scheduled to commence in early November, 2025. Summary of the Radar Ti-V-Fe project in Labrador, Canada The Radar property benefits from exceptional infrastructure, including all-season road access, a nearby deepwater port, hydroelectric power and an airstrip with claims just 10 km from Cartwright, Labrador. Spanning 24,175 hectares, the property covers all the Dykes River intrusive complex -- an extensive (approximately 160 square kilometres) Mesoproterozoic layered mafic intrusion. Unique amongst western exploration companies, Saga controls its entire intrusive complex. Grenville-age mafic layered intrusions of Quebec and Labrador represent a significant but underdeveloped titanium-vanadium-iron resource province. These layered intrusions, emplaced during the Grenvillian orogeny, locally host thick oxide-rich cumulate zones dominated by titanomagnetite and hemo-ilmenite with accessory vanadium and phosphorus. Their scale and metallogenic affinity are directly comparable with major Fe-Ti-V deposits such as Lac Tio (Quebec), Panzhihua (China), Tellnes (Norway) and Bushveld (South Africa), which supply a major share of global TiO2 feedstock and vanadium for steel alloys and emerging energy storage markets. The combination of large-tonnage potential, favourable logistics, and critical mineral content positions the Grenville intrusions, such as Radar's Dykes River complex, as strategic candidates for development in the context of growing North American demand for titanium, vanadium and high-quality iron. Early geological mapping, government magnetic surveys and ground-based geophysics of the Radar property have identified oxide layering across more than 20 km of strike length, with mineralized zones remaining open for expansion. Vanadiferous titanomagnetite is the principal oxide, and occurs as cumulate and intercumulus mineralization over large thicknesses of the Dykes River layered intrusion. Saga's 2025 winter drill program at Radar Saga completed its maiden drill program in early 2025, featuring a 2,209-metre, seven-hole diamond drill campaign across the Hawkeye zone -- a combination of 3-D magnetic inversion modelling and surface very low frequency/electromagnetic results-guided drill targeting. The program intersected broad zones of titanomagnetite-rich oxide layering, with cumulative intersections displaying consistent grades of titanium dioxide (TiO2), vanadium pentoxide (V2O5) and iron (Fe). Similarities in the ratios of TiO2 and V2O5 to Fe3O4 across multiple drill holes serve to identify discrete igneous layers. Within the 600-metre tested thickness of the layered gabbronorite, the chemistry delineates a very promising 300- to 400-metre thickness, referred to as the lower cumulate layer. The highest V2O5 assays are in the lower 100 to 200 m, coinciding with the highest-grade intervals of VTMs. The layer is composed of interlayered gabbronorite and bands of semi-massive to massive VTM. Drill holes R25-HEZ-01, 07, 04 and 05 intersect this lower cumulate layer. The chemistry indicates that the layer was deposited from a large-volume pulse of titanium-vanadium-iron-enriched magma. Saga will be targeting this same discrete intrusive horizon along the Trapper zone's three-plus-kilometre strike length. Magnetic and VLF-EM survey to extend the Trapper zone As crews prepare for the 15,000-metre drill program, a small geophysics team will continue a ground-based magnetic survey over the northern and southern extensions of the Trapper zone. The survey utilizes a GSM-19 magnetometer to collect magnetic-field and VLF-EM data (using VLF transmitter cutler). The survey is conducted using a grid of north-south lines, spaced 50 m apart, with observations made at stations spaced 20 m apart along the lines. The tightly gridded stations will be used to map the extent to which the oxide layering strike continues to the northeast/east at the top of the zone and southeast/east at the bottom of the zone, both trending back toward the Hawkeye zone. Qualified person Paul J. McGuigan, PGeo, is an independent qualified person as defined under National Instrument 43-101, and has reviewed and approved the technical information related to the Radar Ti-V-Fe project disclosed in this news release. About Saga Metals Corp. Saga Metals is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar titanium project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 square kilometres on the surface near Cartwright, Labrador. Exploration to date, including a 2,200-metre drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite with strong grades of titanium and vanadium. The Double Mer uranium project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18-kilometre east-west trend, with a confirmed 14-kilometre section producing samples as high as 0.428 per cent U3O8, and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer technical report). Additionally, Saga owns the Legacy lithium property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault lithium project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration and Loyal Metals. With a portfolio that spans key minerals crucial to the green energy transition, Saga is strategically positioned to play an essential role in the clean energy future. We seek Safe Harbor.