SAGA Metals Executes Title Transfer Agreement to Expand Wolverine Heavy Rare Earth Element Project in Labrador-Grab Sample Assays Included up to 21.6% TREO

SAGA Metals Corp. has executed a Title Transfer Agreement to expand its Wolverine Heavy Rare Earth Element (REE) Project in Labrador, Canada. The company acquired a 100% interest in three contiguous mineral licenses (54 claims) and staked an additional 202 claims, increasing the total project area to approximately 29,450 hectares. - Consideration: $52,700 cash on closing, $50,000 cash in six months, and 500,000 common shares (subject to resale restrictions). - Royalty: Vendors retain a 2% Net Smelter Return (NSR) royalty; SAGA retains the right to repurchase 1% for $500,000. - Assay Results: New grab samples from the expansion area show significant REE enrichment, with peak values reaching 21.6% Total Rare Earth Oxide (TREO). Other samples exceeded 15% TREO. - Geology: The acquisition introduces peralkaline pegmatites as a second mineralization style to complement the existing caldera tuff-hosted REE mineralization at Wolverine.

This news is categorized as Routine - Positive because it serves as an immediate follow-up and expansion of the definitive share purchase agreement announced just two days prior (April 14, 2026), which acquired the core Wolverine Project from Catalyst Rare Metals Ltd. - Confirmation vs. Discovery: The high-grade grab samples (up to 21.6% TREO) are impressive but represent surface enrichment only. They do not constitute a resource definition and carry higher risk than drill core results. However, they validate the geological potential of the newly acquired asset immediately post-closing. - Cost Efficiency: The acquisition cost is negligible ($52,700 cash + shares) relative to the company's recent capital raises (e.g., $6M LIFE offering in Dec 2025, $3.4M warrant exercises in Feb 2026). This minimizes dilution risk for this specific expansion. - Market Reaction: The stock price closed at $0.58 on April 15, down from $0.61 on April 14 (the day of the main acquisition announcement), suggesting the market viewed the April 14 news as the primary catalyst and this release as routine administrative/operational follow-up. - Strategic Fit: Adding peralkaline pegmatites diversifies the mineralization style within the project, potentially increasing the overall resource upside if drill results confirm continuity.

SAGA Metals Corp. is a critical minerals exploration company focused on projects in Labrador, Canada. - Flagship Project: Radar Ti-V-Fe Project (24,175 hectares). This is the primary asset currently advancing toward a maiden Mineral Resource Estimate (MRE) with extensive drilling completed in 2025 and continuing into 2026. It hosts vanadiferous titanomagnetite (VTM) comparable to global benchmarks like Panzhihua. - Secondary Projects: - Wolverine REE Project: Recently acquired, focused on Heavy Rare Earth Elements (HREE). - Double Mer Uranium Project: 100% owned, drill-ready with high-grade surface assays. - North Wind Iron Ore Project: High-grade iron ore grab samples reported. - Garneau Titanium Project: Acquired from Rio Tinto in March 2026 (drill-ready).