SAGA Metals Reports Assays from R-0024 to R-0026 with Intercepts Including 54.20% Fe₂O₃, 7.07% TiO₂, 0.443% V₂O₅ from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
SAGA Metals Reports Assays from R-0024 to R-0026 with
Intercepts Including 54.20% Fe₂O₃, 7.07% TiO₂, 0.443% V₂O₅ from
2026 Drilling at Trapper South, Radar Critical Minerals Project in
Labrador
VANCOUVER, B.C. – April 21, 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- 0024, -0025 and -0026
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-0024 to R-0026)
from the MRE drill program reinitiated in 2026, delivering consistent broad intercepts of oxide
mineralization.
• Key intercepts include:
o Hole R-0024: 91 m @ 49.08% Fe₂O₃, 6.23% TiO₂, 0.390% V₂O₅
Including 44 m @ 54.20% Fe₂O₃, 7.07% TiO₂, 0.443% V₂O₅
o Hole R-0025: 81.7 m @ 41.36% Fe₂O₃, 5.18% TiO₂, 0.309% V₂O₅
Including 33 m @ 47.38% Fe₂O₃, 6.01% TiO₂, 0.384% V₂O₅
o Hole R-0026: 47.3 m @ 38.16% Fe₂O₃, 4.65% TiO₂, 0.288% V₂O₅
Including 20.5 m @ 52.39% Fe₂O₃, 6.55% TiO₂, 0.449% V₂O₅
• These results now bring the total MRE drill results from 2026 to eleven (11) diamond drill holes
received in 2026. As reported on March 5 , 2026, and March 18, 2026 , analytical results for
the first eight (8) 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% TiO₂, 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
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, 6.61% TiO₂, 0.373% V₂O₅
o Hole R-0023: 86 m @ 45.50% Fe₂O₃, 5.50% TiO₂, 0.367% V₂O₅
• Top 10 intercepts from the MRE Drill Program can be found in Table 3 below.
• Completed thirty (37) holes (R -0016 to R -0052) to date in 2026, with significant oxide
intercepts including true thickness of 156.89 m (R -0034) of semi-massive oxide with
extensive rhythmic layering.
• These results bring the total number of reported 2026 MRE holes to eleven, with multiple
holes returning thick oxide intercepts exceeding 70–90 metres and head grades frequently
above 45–54% Fe₂O₃, 6–7% TiO₂ and 0.37-0.44% 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 10,237 m completed in the Trapper Zone to date .
Hole R-0053 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:
“We are very pleased to report yet another set of strong and consistent assay results from the fast -
developing Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador. Drill holes R-0024 to R-
0026 have delivered broad, high -grade oxide intercepts, highlighted by 91 m grading 49.08% Fe₂O₃ ,
6.23% TiO₂, 0.390% V₂O₅ in R-0024, including 44 m at 54.20% Fe₂O₃, 7.07% TiO₂, and 0.443% V₂O₅.
These results further confirm the impressive scale, grade continuity, and metallurgical potential of
the Trapper Zone as we advance toward our maiden mineral resource estimate. Furthermore, we are
all looking forward to the previously announced airborne geophysics over the entire magnetic
anomaly that is set to commence this week. This will be the first opportunity to uncover the true size
and scale of the oxide strike that extends from the Hawkeye zone to the Trapper zone.”
2026 Trapper South Drilling Summary
Table 1: Summary of drill holes R-0016 to R-0052, highlighting the oxide intercepts. Logging of R-0046 to R-
0052 is in progress. See Figures 2 & 3 below, which depict the oxide mineralization in cross sections S 7 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 Azimuth /
Dip
Total
Depth
(m)
From (metres) To (metres)
Semi-
Massive
Oxide
(m)
Rhythmic Layering
(m) Total Oxide (m) True Thickness
(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 73.04
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 72.75
R-0020 38° / -45° 206 50.8 138 28.5 58.7 87.2 66.65
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 68.52
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 87.38
R-0027 38° / -45° 217 79.83 175.33 34.24 59.86 94.1 73.89
R-0028 38° / -60° 227 105.07 215.93 22.46 87.1 109.56 57.38
R-0029 38° / -45° 214 65.2 183.97 13.38 105.39 118.77 106.17
R-0030 38° / -60° 211 83.05 189.18 25.41 79.55 104.96 57.82
R-0031 38° / -45° 215 63.35 171.6 2.36 105.89 108.25 87.17
R-0032 38° / -60° 263 53.82 214.74 18.49 135.95 154.44 144.98
R-0033 38° / -45° 251 67.73 203.46 23.66 112.43 136.09 104.81
R-0034 38° / -60° 233 48.68 214.14 66.11 93.54 159.65 156.89
R-0035 38° / -45° 97 8.53 66.34 0 34.95 34.95 25.71
R-0036 38° / -70° 212 47.41 128 68 8.57 76.57 38.29
R-0037 38° / -45° 206 42.64 146 50.79 52.57 103.36 85.2
R-0038 38° / -70° 182 45.4 146.23 55.91 44.95 100.86 73.72
R-0039 218° / -45° 251 83.95 196.34 82.18 23.3 105.48 102.08
R-0040 38° / -70° 170 38.28 130.04 44.69 28.71 73.4 51.94
R-0041 38° / -45° 100 6.6 84.24 38.51 30.93 69.44 52.08
R-0042 38° / -70° 161 88.62 137.37 26.6 10 36.6 24.48
R-0043 38° / -45° 119 28.36 101.64 37.54 35.74 73.28 55.88
R-0044 218° / -45° 176 82.85 105.76 19.25 3.66 22.91 16.64
R-0045 218° / -45° 245 39.27 223.57 67.43 71.66 139.09 96.92
R-0046 218° / -45° 491
R-0047 218° / -45° 302
R-0048 38° / -45° 242
R-0049 38° / -60° 200
R-0050 218° / -45° 269
R-0051 38° / -60° 311
R-0052 38° / -45° 275
R-0053 38° / -60°
Total (m) 8,187
Logging in-progress
Logging in-progress
Drilling in-progress
Logging in-progress
Logging in-progress
Logging in-progress
Logging in-progress
Logging in-progress
Table 2: Summary of total meters drilled in Q4 2025 and 2026 to date , including total core samples cut and
prepared.
Total Meters Drilled Total Samples
Trapper Total 10237 4910
Trapper Zone 2025 2050 1313
Trapper South 2026 8187 3597
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 S12, 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- 0024, R-0025, and R-0026) 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-0024 to R-0026
• Hole R-0024 (Cross-Section S07): In hole R -0024, the oxide zone begins at 108.87 m and
extends to 219.76 m, for a total thickness of 108.87 m (true thickness 68.52 m). The interval
consists of intercalated rhythmic oxide layering (62.11 m) and semi-massive oxide (46.76 m).
The zone is bounded by multiple magmatic contacts and offset by several faults, including a
notable fault at 170.23 m and another at 174 m marked by a felsic dyke. The lower contact of
the oxide zone is a magmatic contact with a felsic dyke at 219.76 m.
• Hole R -0025 (Cross-Section S0 7): Hole R -0025 undercut R-0024 at a 60° inclination,
intersected a 125 m thick oxide zone (true thickness 89.60 m) from 122.96 m to 253.6 m. The
interval is dominated by rhythmic oxide layering totalling 118.08 m, with 6.92 m of semi -
massive oxide. The oxide zone comprises multiple stacked sections of rhythmic layering and
semi-massive oxide separated by both magmatic and fault contacts. The lower contact at
253.6 m is with gabbronorite containing weak magnetite in foliation and shear planes.
• Hole R-0026 (Cross-Section S08): In hole R- 0026, which undercut R-0023, the oxide zone
intersects from 108.75 m to 273.63 m, giving a total thickness of 154.77 m (true thickness
87.38 m). The zone consists primarily of rhythmic oxide layering totalling 138.55 m, with 16.24
m of semi -massive oxide. The sequence shows repeated transitions between rhythmic
layering, semi -massive oxide, and intervals of inconsistent or disseminated magnetite,
including several abrupt internal contacts and a 2 m pegmatite intrusion. The oxide zone ends
at a sharp contact with gabbronorite before being cut by a felsic dyke at 277.42 m.
Figure 2: Cross section of S7 looking NW showing R-0018, -0024, -0025 and -0036, 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-0018, -0024 and -0025 and pending assays for R-0036.
Figure 3: Cross section of S8 looking NW showing R-0016, -0017, -0023, -0026, and -0035, 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, -0023 and -0026 with pending assays for R-
0035.
Sampling Summary
Drilling is progressing efficiently, with 8,187 m already completed in 2026 up to drill hole R-0052, and
10,237 m total meters completed for the Mineral Resource Estimate drill program. T he drill rig has
been moved to drill pad R-0053. IGS Laboratories finalized analysis of 410 samples from R-0027, -
0028, and -0029 and released assays late last week. The Company is reviewing and interpreting the
data to release the next set of assays shortly. In addition, 710 samples from R-0030, -0031, -0032, -
0033, -0034, and -0035 were shipped to IGS and have been received; analysis is beginning. A total of
4,910m samples have been collected to date in the Trapper Zone.
Key Project Highlights
• Confirmed mineralization in 52 out of 52 drill holes completed and observed in two primary
zones to date.
• Analytical results to date include numerous oxide-rich intercepts, including: