SAGA.V · 2026-03-31 12:00:00

SAGA Metals Reports Assay s from R -0021 to R- 0023 with Intercepts Including 53. 18% Fe₂O₃, 7.08% TiO₂, 0.4 14% V₂O₅ from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador

Drill Results

SAGA Metals Reports Assay s from R -0021 to R-

0023 with Intercepts Including 53. 18% Fe₂O₃,

7.08% TiO₂, 0.4 14% V₂O₅ from 2026 Drilling at

Trapper South, Radar Critical Minerals Project

in Labrador

VANCOUVER, B.C. – March 31, 202 6 – SAGA Metals Corp. ("SAGA" or the "Company") (TSXV:

S A G A ) ( O T C Q B : S A G M F ) ( F S E : 2 0 H ), a North American exploration company focused on critical

mineral discoveries, is pleased to report additional assay results from drill holes R-0021, -0022 and

-0023 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 received for three (3) additional diamond drill holes (R-0021 to R -0023)

from the MRE drill program reinitiated in 2026, delivering consistent broad intercepts of oxide

mineralization.

• Key intercepts include:

o Hole R-0021: 31.38 m @ 53.18% Fe₂O₃, 7.08% TiO₂, 0. 414% V₂O₅

o Hole R-0022: 30.60 m @ 49.40% Fe₂O₃, 6.6 1% TiO₂, 0.37 3% V₂O₅

o Hole R-0023: 86 m @ 45.50% Fe₂O₃, 5.50% TiO₂, 0.367% V₂O₅

• These results now bring the total MRE drill results from 2026 to eight (8) diamond drill holes

received in 2026. As reported on March 5 , 2026, and March 18, 2026 , analytical results for

the ﬁrst ﬁve (5) diamond drill holes of the 2026 drill program included:

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

o Hole R-0018: 70.3 m @ 42.64% Fe₂O₃, 5.66% TiO ₂, 0.288% V₂O₅

o Hole R-0019: 45.7 m @ 49.51% Fe₂O₃, 6.56% TiO₂, 0.374% V₂O₅

o Hole R-0020: 40.7 m @ 37.62% Fe₂O₃, 4.93% TiO₂, 0.239% V₂O₅

• Top 10 intercepts from the MRE Drill Program can be found in Table 3 below.

• Completed thirty (30) holes (R -0016 to R -0045) to date in 2026, with signiﬁcant oxide

intercepts including 159.65 m (R-0034), predominantly semi-massive oxide with extensive

rhythmic layering.

• These results bring the total number of reported 2026 MRE holes to eight, with multiple holes

returning thick oxide zones exceeding 70 –90 metres and head grades frequently above 45 –

53% Fe₂O₃, 6–7% TiO₂ and 0.37-0.41% V₂O₅.

• 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 8,144 m completed in the Trapper Zone to date . Hole

R-0046 is in progress.

• Excellent core recovery and representative sampling support ongoing metallurgical test work

and the advancement of the maiden Mineral Resource Estimate.

M i c h a e l .Ga ra ga n ? .CGO.™ .D i r e c to r .o f.S AGA .M e t al s? .c o m m e n te d¿.

“These new assays from drill holes R -0021 to R -0023 at Trapper South continue to

demonstrate the impressive level of consistency we are seeing across the board — not

only from the broad oxide zones, but also the strong head grades of titanium, vanadium

and iron. Intercepts such as 31.38 m @ 53.18% Fe₂O₃, 7.08% TiO₂ and 0.414% V₂O₅ in

R-0021, along with the equally solid results in R-0022 and R-0023, reinforce the continuity

and quality of the mineralization. With semi -massive oxide zones thickening in Trapper

South, aligning with Trapper North, we are gaining growing confidence in the scale and

uniformity of the system as we advance toward our maiden Mineral Resource Estimate.

These consistent assay results, combined with the visual confirmation of semi-massive to

massive oxide mineralization and rhythmic banding across multiple drill sections, provide

a strong foundation for metallurgical test work and resource modelling. The high core

recovery and representative samples from the Trapper Zone will enable SAGA to advance

beneficiation studies on the oxide mineralization, supporting the Company’s goal of

delivering a maiden Mineral Resource Estimate in 2026 and de-risking the project toward

future economic assessment.”

2026 Trapper South Drilling Summary

Table 1: Summary of drill holes R-0016 to R-0045, highlighting the oxide intercepts. Logging of R-0038 to R-

0045 is in progress. See Figures 2-4 below, which depict the oxide mineralization in cross sections S5, S4 and

S8. True thickness represents the perpendicular width of the mineralized zone, while the total downhole

oxide represents the length of the mineralization intercepted downhole.

Drill Hole A zimuth /

Dip

To t a l

De p t h

(m)

From (metres) T o (metres)

Semi-

M assive

Oxid e

(m)

Rhythmic Layering

(m)

T otal Downhole

Oxid e (m )

T rue O xide

T hickness (m)

R -0016 38° / -45° 206 44 102 45.84 12.16 58 53.93

R -0017 38° / -70° 161 50.56 140.64 87.08 3 90.08 87.77

R -0018 38° / -45° 188 44.7 156.37 65.04 46.63 111.67 70.08

R -0019 38° / -45° 182 66.55 133 37.96 28.49 66.45 63.42

R -0020 38° / -45° 206 50.8 138 28.5 58.7 87.2 71.98

R -0021 38° / -70° 152 81.28 127.38 33.53 12.57 46.1 24.26

R -0022 38° / -45° 149 22.51 118.69 31.58 59.68 91.26 85.28

R -0023 38° / -45° 272 100.48 239.32 30.61 76.44 107.05 67.19

R -0024 38° / -45° 254 108.87 219.76 46.76 62.11 108.87 70.24

R -0025 38° / -60° 275 122.96 253.6 6.92 118.08 125 89.60

R -0026 38° / -60° 302 108.75 273.65 16.24 138.55 154.79 91.55

R -0027 38° / -45° 217 79.83 175.33 34.24 59.86 94.1

R -0028 38° / -60° 227 105.07 215.93 22.46 87.1 109.56

R -0029 38° / -45° 214 65.2 183.97 13.38 105.39 118.77

R -0030 38° / -60° 211 83.05 189.18 25.41 79.55 104.96

R -0031 38° / -45° 215 63.35 171.6 2.36 105.89 108.25

R -0032 38° / -60° 263 53.82 214.74 18.49 135.95 154.44

R -0033 38° / -45° 251 67.73 203.46 23.66 112.43 136.09

R -0034 38° / -60° 233 48.68 214.14 66.11 93.54 159.65

R -0035 38° / -45° 97 8.53 66.34 0 34.95 34.95

R -0036 38° / -70° 212 47.41 128 68 8.57 76.57

R -0037 38° / -45° 206 42.64 146 50.79 52.57 103.36

R -0038 38° / -70° 182

R -0039 218° / -45° 251

R -0040 38° / -70° 170

R -0041 38° / -45° 100

R -0042 38° / -70° 161

R -0043 38° / -45° 119

R -0044 218° / -45° 176

R -0045 218° / -45° 242

R -0046

T otal (m) 6,094

L ogging in-progress

Drilling in-progress

L ogging in-progress

T otal M eters Drilled T otal Samples

T rapper T otal

T rapper Z one 2025 2050

T rapper South 2026

1313

6094 2823

8144 4136

Table 2: Summary of total meters drilled in Q4 2025 and 2026 to date, including total core samples cut and

prepared.

Figure 1: Trapper South map outlining location of the initial 2026 focus for the remainder of the MRE drill

program to be completed in 2026, including cross-sections S11, S10, S9, S8, S7, S6, S5, and S4,

showing the TMI of the 2025 Trapper Zone ground magnetic survey.

The results from three additional drill holes (R- 0021, R-0022, and R-0023) continue to demonstrate

broad and consistent oxide mineralization, reinforcing the potential for a robust resource base that

could drive long-term value for our shareholders.

Detailed Logging Highlights from Drill Hole R -0021 to R-0023

• Hole R -0021 (Cross -Section S0 5): The o xide zone is 46.10 m thick, intersected at 81.27m

with GNMLS at the upper contact of the oxide zone with the gabbronorite, forming 12.57m of

rhythmic layering above a semi-massive magnetite zone starting at 93.85m. The semi -

massive magnetite zone is 33.53m thick and in contact with gabbronorite at its lower contact

at 127.38m. The lower contact of the oxide zone is fault contact N182 45W, marked by a felsic

dyke separating the oxide zone from the gabbronorite.

• Hole R -0022 (Cross-Section S0 4): Encountered a 91.26-meter-thick oxide zone, starting at

22.5m with rhythmic layering intercalated with semi -massive zones. The oxide zone at this

depth strikes SE (N133 68SW). The semi-massive magnetite strikes N123 18SW at its contact

with the rhythmic layering at 55.71m. The oxide zone ends at 118 .7m, where the lower

contact oxide zone with the gabbronorite is marked by a felsic dyke at a high angle to the core

axis. The oxide zone consists of 31.58m semi -massive magnetite and 59.68m rhythmic

magnetite layering.

• Hole R -0023 (Cross-Section S0 8): The oxide zone is 107.05m thick and starts at 100.48m to

239.32m. The oxide zone consists of 30.61m semi -massive magnetite intercalated with a

rhythmic magnetite layering of 76.44m thick. The lower contact of the semi -massive

magnetite zone at 114.5m, with magnetite rhythmic layering , is N115 89SW. Varying

magnetite layers in the GNMLS with a high magnetite content in the gabbronorite and

sections of semi- massive magnetite in SE striking contact (N150 60SW) with gabbronorite to

186.5m.

Figure 2: Cross section of S5 looking NW showing R-0020, -0021, R-0029, -0030 and -0041, 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-0020 and -0021 with pending assays for R-0029, R-0030,

and R-0041.

Figure 3: Cross section of S4 looking NW showing R-0022, -0039, and -0040, 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-0022 and pending assays for R-0039 and R-0040.

Figure 4: Cross section of S8 looking NW showing R-0016, -0017, -0023, -0026, -0035 and -0045 as well as a

proposed hole, 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-0016, -0017 and -0023 with

pending assays for R-0026, -0035 and R-0045.

Sampling Summary

Drilling is progressing efficiently, with 6,094 m already completed in 2026 up to drill hole R-0045, with

8,144 total meters completed for the Mineral Resource Estimate drill program. The drill rig has been

moved to drill pad R-0046. IGS Laboratories has received 507 samples from R -0024, -0025, and -

0026 on March 24, 2026, while an additional 410 samples from R-0027, -0028, and -0029 have been

cut, sampled, and prepared for shipping on March 25, 2026. A total of 4,136 samples have been

collected to date in the Trapper Zone.

Key Project Highlights

• Confirmed mineralization in 45 out of 45 drill holes completed and observed in two primary

zones to date.

• Analytical results to date include numerous oxide-rich intercepts, including:

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