SAGA Metals Reports Assays from R-0030 to R-0035 with Intercepts Including 48.03% Fe₂O₃, 7.25% TiO₂, 0.304% V₂O₅ from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
SAGA Metals Reports Assays from R-0030 to R-0035 with
Intercepts Including 48.03% Fe₂O₃, 7.25% TiO₂, 0.304%
V₂O₅ from 2026 Drilling at Trapper South, Radar Critical
Minerals Project in Labrador
VANCOUVER, B.C. – May 13, 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-0030, -0031, -0032, -0033,
-0034 and -0035 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 six (6) additional diamond drill holes (R-0030 to R-0035) from
the MRE drill program reinitiated in 2026 , delivering consistent broad intercepts of oxide
mineralization.
• Key intercepts include:
o Hole R-0030: 90.95 m @ 42.57% Fe₂O₃, 5.40% TiO₂, 0.303% V₂O₅
Including 18.7 m @ 50.81% Fe₂O₃, 6.56% TiO₂, 0.398% V₂O₅
o Hole R-0031: 108.3 m @ 38.11% Fe₂O₃, 5.13% TiO₂, 0.254% V₂O₅
Including 43.1 m @ 42.71% Fe₂O₃, 5.88% TiO₂, 0.309% V₂O₅
o Hole R-0032: 144.2 m @ 37.13% Fe₂O₃, 5.04% TiO₂, 0.234% V₂O₅
Including 56.0 m @ 44.68% Fe₂O₃, 6.50% TiO₂, 0.294% V₂O₅
o Hole R-0033: 100.6 m @ 44.07% Fe₂O₃, 6.38% TiO₂, 0.286% V₂O₅
Including 56.0 m @ 48.03% Fe₂O₃, 7.25% TiO₂, 0.304% V₂O₅
o Hole R-0034: 126.2 m @ 43.19% Fe₂O₃, 6.05% TiO₂, 0.293% V₂O₅
Including 63.9 m @ 48.61% Fe₂O₃, 7.01% TiO₂, 0.344% V₂O₅
o Hole R-0035: 13.5 m @ 30.98% Fe₂O₃, 2.93% TiO₂, 0.193% V₂O₅
• These results now bring the total MRE drill results from 2026 to twenty (20) diamond drill
holes received to date. As reported on March 5, 2026, March 18, 2026, March 31, 2026, April
21, 2026 and April 28, 2026, analytical results from the first fourteen (14) diamond drill holes
of the 2026 drill program include:
Table 1: MRE drill program assay intercepts previously reported in 2026 from drill holes R-0016 – R-0029.
• Top 10 intercepts from the MRE Drill Program to date can be found in Table 4 below.
• Completed thirty (42 ) holes (R -0016 to R -0057) to date in 2026, with significant oxide
intercepts including 198.2 m from R-0046 (true thickness of 113.7) of semi-massive oxide
with extensive rhythmic oxide layering.
• These results bring the total number of reported 2026 MRE holes to nineteen, with multiple
holes returning thick oxide core intercepts exceeding 70–126 metres and certain assay
intervals frequently above 45–54% Fe₂O₃, 6–7% TiO₂ and 0.37-0.44% V₂O₅.
• 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 11,600 m completed in the Trapper Zone to date.
o The drill rig is set up on Hole R-0058.
• 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 thrilled with the continued success of our maiden Mineral Resource Estimate drilling in the
Trapper Zone at the Radar Ti-V-Fe Project. The latest results from holes R-0030 to R-0035 once again
deliver broad, consistent zones of high -quality oxide mineralization, with multiple core intercepts
exceeding 100 metres now grading over 6% TiO₂, accompanied by strong vanadium and iron grades.
It is particularly encouraging and rewarding to see the ore body take shape with oxide mineralization
intersected in every one of the 57 drill holes completed to date. These outstanding results across the
large Dykes River intrusive complex further confirm the exceptional scale, continuity, and strength of
DDH FROM TO L ength True Thickness Fe2O3 TiO2 V205
ID m m m m % % %
R-0016 44.0 94.6 50.6 47. 1 52.05 7.21 0.375
R-0017 50.6 140.6 90.0 73. 0 51.86 6.76 0.417
R-0018 44.7 115.0 70.3 44. 1 42.64 5.66 0.288
R-0019 66.6 112.3 45.7 41. 6 49.51 6.56 0.374
R-0020 87.3 128.0 40.7 31. 1 37.62 4.93 0.239
R-0021 96.0 127.4 31.4 16. 5 53.18 7.08 0.414
R-0022 62.0 92.6 30.6 28. 6 49.4 6.61 0.373
R-0023 100.5 186.5 86.0 54. 0 45.5 5.5 0.367
R-0024 112.0 203.0 91.0 58. 7 49.08 6.23 0.39
R-0024 142.0 186.0 44.0 28. 4 54.2 7.07 0.443
R-0025 141.3 223.0 81.7 58. 5 41.36 5.18 0.309
R-0025 168.0 201.0 33.0 23. 7 47.38 6.01 0.384
R-0026 141.7 189.0 47.3 27. 7 38.16 4.65 0.288
R-0026 110.9 131.4 20.5 12. 0 52.39 6.55 0.449
R-0027 81.2 162.0 80.8 63. 4 42.74 5.18 0.320
R-0028 105.7 211.0 105.3 54. 5 42.39 5.40 0.306
R-0028 144.0 182.0 38.0 19. 7 49.43 6.50 0.382
R-0029 65.2 172.0 106.8 95. 5 44.41 5.36 0.341
R-0029 65.2 104.0 38.8 34. 7 53.02 6.46 0.441
this major mineralized system. We are advancing toward our maiden mineral resource estimate with
tremendous confidence in the overall potential of this strategic critical minerals asset. ”
2026 Trapper South Drilling Summary
Table 2: Summary of drill holes R-0016 to R-0057, highlighting the oxide intercepts. Logging of R-0051 to R-
0057 is in progress. See Figures 2-5 below, which depict the oxide mineralization in cross sections S 5, S8, S9
and S10. 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.
Total Meters Drilled Total Samples
1313
9550 4500
11600 5813Trapper Total
Trapper South 2025 2050
Trapper South 2026
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 S14, 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-0030, R-0031, R-0032, R-0033, R-0034 and R-0035, 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-0030 to R-0035
• Hole R-0030 (Cross-Section S05): Drill hole R -0030 under cut D -0029 and was drilled on
section S0 5 with an attitude of - 60° towards 38° with a total depth of 21 1 m. The hole
intersected a 105.0 m oxide zone from 83.1 m to 189.2 m. The interval consists of 79.6 m of
well-developed rhythmic layering and 2 5.4 m of dense semi -massive to massive oxide with
euhedral plagioclase and subordinate pyroxene. The oxide zone displays consistent
alternating layers of rhythmic banding and semi -massive mineralization, interrupted by a
pegmatite intrusion and several faults.
• Hole R -0031 (Cross-Section S 09): Drill hole R -0031 was drilled on section S0 9 with an
attitude of -45° towards 38° with a total depth of hole of 215 m. The hole intersected a 108.3
m oxide zone from 63. 4 m to 171.6 m. The interval is composed of 10 5.9 m of rhythmic
banding with 2.4 m of semi-massive oxide. Mineralization is characterized by well-developed
rhythmic layering, with a combination of thin semi-massive oxide bands and a few thicker
semi-massive horizons, and several short gabbronorite sections.
• Hole R -0032 (Cross -Section S0 9): Drill hole R -0032 was drilled on section S0 9 with an
attitude of -60° towards 38° with a total depth of hole of 2 63 m. The hole under cut R-0031
intersecting a thick 154.4 m oxide zone from 53.8 m to 214.7 m. The interval contains 13 6.0
m of layered material, including 18. 5 m of semi -massive oxide. Layering is dominated by
frequent, multiple thin semi-massive oxide bands with multiple interruptions by pegmatite
intrusions and short gabbronorite intervals, followed by oscillating layers of rhythmic banding
and semi-massive oxide in the lower portion.
• Hole R -0033 (Cross-Section S 10): Drill hole R -0033 was drilled on section S 10 with an
attitude of -45° towards 38° with a total depth of hole of 251 m. The hole intersected a 136.1
m oxide zone from 67.7 m to 203.5 m. The interval comprises 112.4 m of rhythmic banding
(including 5.9 m of intercumulus ) and 23. 7 m of semi -massive oxide . Mineralization is
characterized by rhythmic layering that varies in thickness and spacing, with transitions into
thicker semi-massive horizons and a short intercumulus section, along with minor magmatic
slumping.
• Hole R -0034 (Cross-Section S 10): Drill hole R -0034 was drilled on section S 10 with an
attitude of -60° towards 38° with a total depth of hole of 2 33 m. The hole under cut R- 0033
with a 70° inclination to test the oxide zone, intersected a 159.7-metre-thick oxide zone from
48.7 m to 214.1 m. The interval comprises 93.5 m of rhythmic layering and 66.1 m of semi-
massive oxide. Mineralization begins with layering after a thin felsic dyke followed by minor
magmatic slumping and includes a long section of semi -massive oxide with gradual
transitions through rhythmic layering.
• Hole R -0035 (Cross -Section S08): Drill hole R -0035 was drilled on section S08 with an
attitude of -45° towards 38° with a total hole depth of 97 m. The hole intersected the top of
the oxide layer 0 to 3 5.0 meters before entering a zone of felsic dykes. The hole continued
down the dip of the felsic dykes. Inclusions of oxide mineralization in the felsic dyke and
shearing demonstrate that the felsic dykes are post-igneous layering.
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, -0029 and R-0030 and pending assays for R-
0041.
Figure 3: Cross section of S8 looking NW showing R-0016, -0017, -0023, -0026, -0035, -0045, and -0046
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, -0026 and -0035 with
pending assays for R-0045, and R-0046.