SAGA Metals Reports Assay Intercepts Including 52.05% Fe₂O₃, 7.21% TiO₂, 0.375% V₂O₅ from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
SAGA Metals Reports Assay Intercepts
Including 52.05% Fe₂O₃, 7.21% TiO₂, 0.375%
V₂O₅ from 2026 Drilling at Trapper South, Radar
Critical Minerals Project in Labrador
VANCOUVER, B.C. – March 5, 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 assay results from the first two (2) drill holes 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.
Trapper South Assay Highlights
• Analytical results have been obtained for the first two (2) diamond drill holes of the MRE
drill program reinitiated in 2026, with top intercepts including:
o Hole R-0016: 50.60 m @ 52.05% Fe₂O₃, 7.21% TiO₂, 0. 375% V₂O₅
o Hole R-0017: 90.01 m @ 51.86% Fe₂O₃, 6.76% TiO₂, 0. 417% V₂O₅
• Completed sixteen (16) holes (R- 0016 to R -0031) to date in 2026, with significant oxide
intercepts up to 154.7 7 m (R-0026), predominantly semi -massive oxide with extensive
rhythmic layering.
• Multiple holes intercepted broad zones of semi -massive oxide up to 87 .08 m, confirming
increased oxide concentration and thickness in the southeastern anomaly.
• Rhythmic banding and semi-massive to massive oxide mineralization observed
consistently , aligning with prior high-grade results from Trapper North.
• Drilling is progressing efficiently, with 3,435 m already completed in 2026 . Hole R-0032 is in
progress.
• IGS has received 350 samples from R -0018, -0019 and -0020. Assays are expected within a
week.
Further to the Company’s news releases dated February 12, 2026, and February 19, 2026, the team
has completed sixteen (16) diamond drill holes with depths ranging from 149 m to 302 m, totalling
3,435 m drilled, targeting the southeastern and southwestern oxide anomalies in Trapper South.
Cross-section of Trapper South S8 Summary
Figure 1: Cross section of S8 looking NW showing R-0016, -0017, -0023 and -0026, highlighting intercepts of
semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground
magnetic survey. R-0016 and -0017 assays are shown within, while R-0023 and -0026 assays are pending.
Further to the Company’s news release, dated January 29, 2026, the 2026 phase of MRE drilling
commenced with R-0016 and has already progressed to its sixteenth hole, completing R-0031. After
recording observed rhythmic banding in cross- section S11 (comprising holes R-0012, -0013, -0014
& -0015), the team expected to see the same consistency throughout Trapper South. However, the
team was positively impressed by intercepting 60-90 m of semi-massive oxide in R-0016 and R-0017,
with assays now confirming higher head grades in cross-section S8 than S11.
R-0016 is the first drill hole in Trapper South to intercept semi-massive oxides with assays returning
50.60 m @ 52.05% Fe₂O₃, 7.21% TiO₂, 0.375% V₂O₅. R-0017 is drilled at the same location to
undercut R-0016 with an inclination of 70 °. This drill hole intersected the oxide zone across an
interval of 90.01 m at 50.4 m. The oxide zone includes 87.1 m of semi -massive magnetite and 3 m
of rhythmic magnetite layering with assays grading 51.86% Fe₂O₃, 6.76% TiO₂, 0.417% V₂O₅ .
The core economic target remains the se extensive, continuous bodies of semi-massive to massive
oxide mineralization that have consistently delivered strong, consistent grades of titanium,
vanadium, and iron. Identifying these broad oxide zones in Trapper South could potentially
compound the Company’s expectations for grade, thickness, continuity, and geometry across the
entire Trapper Zone, paving the way for a robust mineral resource definition.
Trapper South 2026 Core Interval Drilling Summary
Table 1: Summary of drill holes R-0016 to R-0031, highlighting the oxide intercepts. Logging of R-0028, -0029,
-0030 & -0031 is in progress. See Figure 1 above and Figures 2 & 3 below, which depict the oxide
mineralization in cross sections S8, S7 and S6, showing casing holes R-0016, -0017, -0018, -0019, -0023, -
0024, -0025, -0026, -0027 and -0028.
Completed logging of drill holes R-0023 – R-0026 has confirmed that the overall average thickness of
the oxide horizons significantly increased, with consistent semi- massive and rhythmic banding
mineralization over 100 m intervals in each hole, reaching as high as 165.5 m (R-0026). Logging data
indicate that R-0023 (30.58 m), R-0024 (46.76 m), and R-0027 (34.24 m) have thicker semi-massive
oxide zones than R- 0015 (4.52m). The attitude of the oxide horizons is consistent from all logged
holes, striking SE and dipping west.
Drill Hole A zimuth /
Dip
To t a l
D epth
(m)
From (metres) T o (metres)
Semi-
M assive
Oxid e (m )
Rhythmic Layering
(m) T otal Oxide (m)
R -0016 38° / -45° 206 44 102 45. 84 12.16 58
R -0017 38° / -70° 161 50.56 140.64 87. 08 3 90.08
R -0018 38° / -45° 188 44.7 156.37 65. 04 46.63 111.67
R -0019 38° / -45° 182 66.55 133 37. 96 28.49 66.45
R -0020 38° / -45° 206 50.8 138 28. 5 58.7 87.2
R -0021 38° / -70° 152 81.28 127.38 33. 53 12.57 46.1
R -0022 38° / -45° 149 22.51 118.69 31. 58 59.68 91.26
R -0023 38° / -45° 272 100.48 239.32 30. 61 76.44 107.05
R -0024 38° / -45° 254 108.87 219.76 46. 76 62.11 106.2
R -0025 38° / -60° 275 122.96 253.6 6. 92 118.08 125
R -0026 38° / -60° 302 108.75 273.65 16. 24 138.55 154.77
R -0027 38° / -45° 221 79.83 175.33 34. 24 61.26 95.5
R -0028 38° / -60° 230
R -0029 38° / -45° 214
R -0030 38° / -60° 209
R -0031 38° / -45° 214
T otal (m) 3,435
L ogging in-progress
L ogging in-progress
L ogging in-progress
L ogging in-progress
Figure 2: Cross section of S7 looking NW showing R-0018, -0024 and -0025, highlighting intercepts of semi-
massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground
magnetic survey. Assays of R-0024 and -0025 are pending.
Figure 3: Cross section of S6 looking NW showing R-0019, -0027 and -0028, highlighting intercepts of semi-
massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground
magnetic survey. Logging of R-0028 is in progress. Assays of R-0019 & -0027 are pending.
Michael. Garagan? . CGO. ™ . Director. of. SAGA. Metals? . commented¿.»We .a re .pleased.with. these. initial.
assay. results. from. the.first. two. drill. holes. from.868❷ . drilling. at. Trapper. South? . which. confirm.
s i g n i fi c a n t l y .e l e v a t e d .g r a d e s .i n .l i n e .w i t h .t h e .i m p r e s s i v e .i n c r e a s e .i n .s e m i‗massive. oxide.
mineralization.enc ountered.in.these.southern.holes¡.Interc epts.like.❶ 6¡❷ 6.m.at.❶ 8¡6❶ ↘ .Fe₈O₉? .❸ ¡87↘ .
TiO₈? .and.6¡9❸ ❶ ↘ .V₈O¹.in.R‗667❷ ? .and.the.even.thicker.❺ 6¡67.m.at.❶ 7¡❹ ❷ ↘ .Fe₈O₉? .❷ ¡❸ ❷ ↘ .TiO₈? .and.
6¡07❸ ↘ . V₈O¹. in. R‗667❸ ? . demonstrate. stronger. oxide. concentration. and. improved. continuity.
compared.to.earlier.sections¡.This.is.exactly.the.kind.of.positive.development.that.strengthens.our.
confidence.in.the.overall.Trapper.Zone.potential.as.we.build.toward.a.maiden.Mineral.Resource.
Estimate¡. At.the. same. time? . the. drill. rig. is. advancing. at. an. outstanding. pace– we"ve. already.
completed.7❷.holes.totalling.9? 09❶ .m.and.are.pushing.forward.on.R‗6698– allowing.us.to.rapidly.
expand.our.dataset.and.unlock.more.of.this.exciting.layered.system¡ ‹
The 350 samples taken from drill holes R-0018, -0019 and -0020 have been received by Impact Global
Solutions (IGS) Laboratory in Montreal, Quebec, with assays expected within one week. The team in
Cartwright has finished cutting and sampling up to drill hole R-0023 and is preparing to ship 340
samples this week . Currently, the drill rig is progressing with R-0032 while the logging team
completes R-0028.
Figure 4: Trapper.Zone.map.outlining.location.of.the.initial.868❷ .focus.for.the.remainder.of.the.MRE.drill.
program.to.be.completed.in.868❷ ? .including.cross‗sections.N77? .S77? .S❹?.S❸ ? .S❷ ? .S❶ ? .S0.and.longitudinal.
section.CC? .showing.the.TMI.of.the.868❶ .Trapper.Zone.ground.magnetic.survey¡
Key Project Highlights:
• Confirmed mineralization in 31 out of 31 drill holes completed and observed in two primary
zones to date.
• Analytical results to date include numerous oxide-rich intercepts, including:
Table 2: Top 8 intercepts from the 2025 & 2026 drilling programs at the Trapper Zone
• Infrastructure including road access, deep -water port, nearby hydro -electric power and
airstrip.
• Confirmed the 1 6 + km o xide layering trend that stretches from the Hawkeye Zone to the
Trapper Zone.
• Consistent grades and thicknesses with semi-massive to massive oxide reporting up to
64.55% Fe,13.3% TiO2, and 0.66% V2O5.
• Petrographic analysis confirms titanomagnetite mineralization is advantageous for
simplified metallurgical processing.
About the Radar Critical Mineral Property in Labrador
The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (about
160 km²), a unique position among Western explorers. Geological mapping, geophysics, and
trenching have already confirmed oxide layering across more than 20 km of strike length, with
mineralization open for expansion.
DDH FROM TO Le n gt h Fe 2O3 Ti O2 V 205
ID m m m % % %
R-0009 94 181.2 87.20 50.67 10.15 0.339
R-0008 170 237.6 68.26 46.15 9.21 0.311
R-0010 1.5 137 135.50 50.03 7.87 0.352
R-0016 44 94.6 50.60 52.05 7.21 0.375
R-0015 73.3 174 100.70 38.56 6.80 0.229
R-0017 50.6 140.6 90.01 51.86 6.76 0.417
R-0011 58.1 153.3 95.15 39.49 6.49 0.222
R-0014 8.8 50 41.20 36.17 6.36 0.188
Figure.❶¿.Radar.Property.map? .depicting.magnetic.anomalies? .oxide.layering.and.the.site.of.the.868❶ .drill.
programs¡.The.Property.is.well.serviced.by.road.access.and.is.conveniently.located.near.the.town.of.
Cartwright? .Labrador¡.A.compilation.of.historical.aeromagnetic.anomalies.is.overlaid.with.ground‗based.
geophysical.data?.as.shown¡
Vanadiferous titanomagnetite (“VTM”) mineralization at Radar is comparable to global Fe –Ti–V
systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the
Project as a potential strategic future supplier of titanium, van adium, and iron to North American
markets.