SAGA Metals Drills 495.6 m at 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5 Including 68.2 m at 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5 at Radar Critical Minerals Project in Labrador

VANCOUVER, B.C. – October 7, 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-0082, -0083, - 0084, -0085, -0086, and -0087 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 six (6) additional diamond drill holes (R-0082 to R-0087) from the MRE drill program initiated in Q4 2025, continue to deliver consistent broad intercepts of oxide mineralization.

Key intercepts include:

• Hole R-0082: 51.8 m @ 36.12% Fe2O3, 6.18% TiO2, 0.190% V2O5
• Hole R-0083: 25.8 m @ 41.89% Fe2O3, 7.27% TiO2, 0.295% V2O5
• Hole R-0084: 80.9 m @ 36.58% Fe2O3, 6.07% TiO2, 0.201% V2O5
• Hole R-0085: 495.6 m @ 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5
  • Including 14.9 m @ 52.75% Fe2O3, 8.35% TiO2, 0.437% V2O5
  • Including 203.2 m @ 44.75% Fe2O3, 6.77% TiO2, 0.336% V2O5
  • Including 68.2 m @ 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5
  • Including 89.0 m @ 43.36% Fe2O3, 6.39% TiO2, 0.328% V2O5
  • Including 16.9 m @ 45.84% Fe2O3, 6.74% TiO2, 0.377% V2O5

• Hole R-0086: 46.3 m @ 42.44% Fe2O3, 6.77% TiO2, 0.286% V2O5

• Hole R-0087: 43.1 m @ 46.24% Fe2O3, 7.87% TiO2, 0.279% V2O5

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

“Section N11 is the picture we have been drilling toward. R-0085 cut 495.6 metres of consistent, correlated titanium, vanadium and iron, including 68.2 metres at 52.95% Fe2O3, 8.57% TiO2 and 0.381% V2O5, and it sits on the same fence as R-0072, which returned 470 metres of the same oxide sequence. Put those two intercepts against something people already know: Central Park Tower in Manhattan, the world’s largest residential building¹, stands 472.4 metres (See Figure 2 & 3). One hole runs past that height. The other essentially matches it. They are not narrow spikes. They are two thick, overlapping cuts through the same layered system, and they give N11 a width and a continuity that a single spectacular hole cannot.

With the assays from this program now available, the cross-sections are no longer a set of pending lines. We can now model the oxide layers, the folds and the true widths as one body for the Company’s maiden mineral resource estimate over the Trapper Zone.”

Detailed Logging Highlights from Drill Hole R-0082 to R-0087

• Hole R-0082 (Cross-Section N09 Figure 4): Drill hole R-0082 is drilled on cross-section N09 with an azimuth of 0° and dipping -45°, with a total depth of 269 m. The oxide zone intersected at 115.2 m is 69.6 m wide (true thickness 58.4 m) consisting of 57.4 m of semi-massive and 12.2 m of rhythmic layering oxide.

• Hole R-0083 (Cross-Section N09 Figure 4): Drill hole R-0083 is drilled on cross-section N09 with an azimuth of 218° and dipping -45°, with a total depth of 263 m. The oxide zone intersected at 10.0 m is 87.6 m wide (true thickness 76.0 m) consisting of 29.6 m of semimassive and 58.0 m of rhythmic layering oxide.

• Hole R-0084 (Cross-Section N09 Figure 4): Drill hole R-0084 is drilled on cross-section N09 with an azimuth of 38° and dipping -55°, with a total depth of 164 m. The oxide zone intersected at 33.4 m is 79.1 m wide (true thickness 64.5 m) consisting of 79.1 m of semimassive oxide.

• Hole R-0085 (Cross-Section N11, Figure 2): Drill hole R-0085 is drilled on cross-section N11 with an azimuth of 218° and dipping -55°, with a total depth of 503 m. The oxide zone intersected at 10.1 m is 408.5 m wide (true thickness 284.2 m) consisting of 275.6 m of semimassive and 132.9 m of rhythmic layering oxide.

• Hole R-0086 (Cross-Section N10, Figure 3): Drill hole R-0086 is drilled on cross-section N10 with an azimuth of 38° and dipping -45°, with a total depth of 131 m. The oxide zone intersected at 40.6 m is 48.6 m wide (true thickness 47.8 m) consisting of 45.0 m of semimassive and 3.6 m of rhythmic layering oxide.

• Hole R-0087 (Cross-Section N09, Figure 4): Drill hole R-0087 is drilled on cross-section N09 with an azimuth of 218° and dipping 80°, with a total depth of 89 m. The oxide zone intersected at 1.5 m is 55.4 m wide (true thickness 45.3 m) consisting of 53.0 m of semi-massive and 2.4 m of rhythmic layering oxide.

Figure 2: Cross section of N11 looking NW showing R-0008, R-0009, R-0010, R-0011, R-0072, R-0085, R-0089 and R-0092, 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-0008, R-0009, R-0010, R- 0011, R-0072, R-0085. Assays pending for R-0089 and R-0092. Central Park Tower located in Manhattan, New York, the world's largest residential building at 472.4 m, is used to contextualize the size of drill hole R-0085 and R-0072 and the significance of the 495.6 m (1,626 feet) and 470 m (1,542 feet) intercepts (highlighted in blue) with correlated titanium, vanadium and iron.

Figure 3: 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, R-0075, and R-0086. Assays pending for 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 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, R-0080, R-0082, R-0083, R-0084, R-0087. Assays pending for R-0090.

Figure 5: 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, R-0081, and R-0082. Assays pending for R-0091.

Figure 6: 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 eighty (80) diamond drill holes received to date. As reported previously, analytical results from the first sixty-four (74) 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-0081.

• 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).