SAGA Metals Reports Assay s from R -0027 to R-0029 with Intercepts Including 5 3.02% Fe₂O₃, 6.46% TiO₂, 0. 441% V₂O₅ from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
SAGA Metals Reports Assay s from R -0027 to R-0029 with
Intercepts Including 5 3.02% Fe₂O₃, 6.46% TiO₂, 0. 441%
V₂O₅ from 2026 Drilling at Trapper South, Radar Critical
Minerals Project in Labrador
VANCOUVER, B.C. – April 2 8, 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 additional assay results from drill holes R- 0027, -0028 and -0029
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-0027 to R-0029)
from the MRE drill program reinitiated in 2026, delivering consistent broad intercepts of oxide
mineralization.
• Key intercepts include:
o Hole R-0027: 80.8 m @ 42.74% Fe₂O₃, 5.18% TiO₂, 0.320% V₂O₅
o Hole R-0028: 105.7 m @ 42.39% Fe₂O₃, 5.40% TiO₂, 0.3 06% V₂O₅
Including 38 m @ 49.43% Fe₂O₃, 6.50% TiO₂, 0.382% V₂O₅
o Hole R-0029: 106.8 m @ 44.41% Fe₂O₃, 5.36% TiO₂, 0. 341% V₂O₅
Including 38.8 m @ 53.02% Fe₂O₃, 6.46% TiO₂, 0.441% V₂O₅
• These results now bring the total MRE drill results from 2026 to fourteen (14) diamond drill
holes received to date. As reported on March 5, 2026, March 18, 2026, March 31, 2026, and
April 21, 2026, analytical results from the first eleven (11) diamond drill holes of the 2026 drill
program include:
Table 1: MRE drill program assay intercepts reported in 2026 from drill holes R-0016 – R-0026.
• Top 10 intercepts from the MRE Drill Program to date can be found in Table 4 below.
• Completed thirty (40) holes (R -0016 to R -0055) to date in 2026, with significant oxide
intercepts including 198.16 m (R-0046) of semi-massive oxide with extensive rhythmic oxide
layering.
• These results bring the total number of reported 2026 MRE holes to eleven, with multiple
holes returning thick oxide core intercepts exceeding 70–90 metres and certain assay
intervals frequently above 45–54% Fe₂O₃, 6–7% TiO₂ and 0.37-0.44% V₂O₅.
o Including multiple 100+ m core intercepts grading over 5% TiO₂ .
• Rhythmic banding and semi -massive to massive oxide mineralization are observed
consistently in Trapper South , aligning with prior high-grade results from Trapper North.
• Drilling is progressing efficiently, with 11,128 m completed in the Trapper Zone to date .
Hole R-0056 is in progress.
• Excellent core recovery and representative sampling support ongoing metallurgical test work
and the advancement of the maiden Mineral Resource Estimate.
Michael Garagan, CGO & Director of SAGA Metals, commented:
“I am very pleased with the ongoing success of our maiden Mineral Resource Estimate drilling in
the Trapper Zone. The latest results from holes R-0027, R-0028, and R-0029 continue to deliver
broad, consistent zones of high-quality oxide mineralization.
It is particularly encouraging to see multiple core intercepts now exceeding 100 metres grading
over 5% TiO ₂ with substantial higher-grade zones . Combined with the fact that we have
intersected oxide mineralization in all 55 drill holes completed to date at the Radar Project, this
gives us tremendous confidence in the scale, continuity, and overall strength of the mineralized
system as we advance toward our maiden mineral resource estimate.”
2026 Trapper South Drilling Summary
DDH FROM TO Le n gt h Fe 2O3 Ti O2 V 205
ID m m m % % %
R-0016 44.00 94.60 50.6 52.05 7.21 0.375
R-0017 50.60 140.60 90.01 51.86 6.76 0.417
R-0018 44.70 115.00 70.3 42.64 5.66 0.288
R-0019 66.60 112.30 45.7 49.51 6.56 0.374
R-0020 87.30 128.00 40.7 37.62 4.93 0.239
R-0021 96.00 127.40 31.38 53.18 7.08 0.414
R-0022 62.00 92.60 30.6 49.4 6.61 0.373
R-0023 100.50 186.50 86 45.5 5.5 0.367
R-0024 112.00 203.00 91 49.08 6.23 0.39
R-0024 142.00 186.00 44 54.2 7.07 0.443
R-0025 141.30 223.00 81.7 41.36 5.18 0.309
R-0025 168.00 201.00 33 47.38 6.01 0.384
R-0026 141.70 189.00 47.3 38.16 4.65 0.288
R-0026 110.90 131.40 20.5 52.39 6.55 0.449
Table 2: Summary of drill holes R-0016 to R-0055, highlighting the oxide intercepts. Logging of R-0047 to R-
0055 is in progress. See Figures 2 & 3 below, which depict the oxide mineralization in cross sections S5 and
S6. True thickness represents the perpendicular width of the mineralized zone, while the total downhole
oxide represents the length of the mineralization intercepted downhole.
Table 3: Summary of total meters drilled in Q4 2025 and 2026 to date, including total core samples cut and
prepared.
T otal M eters Drilled T otal Samples
T rapper T otal
T rapper South 2025 2050
T rapper South 2026
1313
9078 3892
11128 5205
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 S13, S12, S11, S10, S9, S8, S7, S6, S5, and
S4, showing the TMI of the 2025 Trapper Zone ground magnetic survey.
The latest results from these drill holes, R -0027, R -0028, and R -0029, once again demonstrate
excellent continuity across broad zones of oxide mineralization, underscoring the growing potential
for a sizable mineral resource that could create meaningful long-term value for SAGA shareholders.
Detailed Logging Highlights from Drill Hole R -0027 to R-0029
• Hole R -0027 (Cross -Section S06): Drill hole R -0027 was drilled on section S06 with an
attitude of -45° towards 38° with a total depth of 217 m. The hole collared in gabbronorite and
cut a gradational contact at 81.23 m with rhythmic oxide layering . The oxide zone spans a
core interval of 94.1 m (true thickness of 73.89 m). The oxide zone includes rhythmic
oxide layering (59.86 m) and semi -massive oxide. (34.24 m). The oxide zone ends at 175.33
m at a gradational contact between rhythmic oxide layering and gabbronorite.
• Hole R-0028 (Cross-Section S06): Drill hole R-0028 under cut hole R-0027, drilled on section
S06 with an attitude of - 60° towards 38° with a total depth of 227 m. The hole collared in
gabbronorite and shows a gradational contact with rhythmic oxide layering at 105.07 m. The
oxide zone spans a core interval of 109.56 m (true thickness of 57.38 m). The oxide zone
includes rhythmic oxide layering (87.1 m) and semi -massive oxide (22.46 m). The oxide
zone ends at 215.93 m at a gradational contact between rhythmi c oxide layering and
gabbronorite.
• Hole R -0029 (Cross -Section S05): Drill hole R -0029 was drilled on section S05 with an
attitude of - 45° towards 38° with a total depth of hole of 214 m. The hole was collared in
gabbronorite and is in a faulted contact with rhythmic oxide layering at 65.2 m. The oxide
zone spans a core interval of 118.77 m (true thickness of 106.17 m. The oxide zone
includes rhythmic oxide layering (105.39 m) and semi -massive oxide (13.38 m). The oxide
zone ends at 183.97 m at a gradational contact between rhythmic oxide lay ering and
gabbronorite.
Figure 2: Cross section of S5 looking NW showing R-0020, -0021, -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, -0021 and -0029 and pending assays for R-0030 and
R-0041.
Figure 3: Cross section of S6 looking NW showing R-0019, -0027, -0028, -0042, -0043, -0044, and -0047
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-0019, -0027, and -0028 with pending assays
for R-0042, R-0043, R-0044, and R-0047.
Sampling Summary
Drilling is progressing efficiently, with 9,078 m already completed in 2026 up to drill hole R-0055, and
11,128 m total meters completed for the Mineral Resource Estimate drill program. T he drill rig has
been moved to drill pad R-0056. IGS Laboratories finalized analysis of 710 samples from R- 0030, -
0031, -0032, -0033, -0034, and -0035 and released assays early this week. The Company is reviewing
and interpreting the data to release the next set of assays in a week. In addition, 349 samples from
R-0036, -0037, and -0038 were shipped to IGS and have been received; analysis is beginning. A total
of 5,205 samples have been collected to date in the Trapper Zone.
Key Project Highlights
• Confirmed mineralization in 55 out of 55 drill holes completed and observed in two primary
zones to date.
• Analytical results to date include numerous oxide-rich intercepts, including: