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
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
o Including 129.1 m @ 47.16% Fe2O3, 7.82% TiO2, 0.295% V2O5
o Including 56.8 m @ 49.56% Fe2O3, 8.17% TiO2, 0.339% V2O5
o 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
o 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
o 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
o 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
o 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
o 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% Fe 2O3, 7.82% TiO 2 and 0.295% V 2O5 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% TiO 2 and 0.287% V 2O5, including 69.2 metres at 50.18% Fe 2O3, 8.20% TiO 2 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 semi -
massive 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 semi -
massive 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 semi -
massive 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 semi -
massive 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 building 1 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.