SAGA.V · 2026-07-15 12:00:00

SAGA Metals Reports Assays from R-0047 to R-0049 with Intercepts Including 53.72% Fe2O3, 7.32% TiO2, 0.431% V2O5 from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador

Drill Results

SAGA Metals Reports Assays from R-0047 to R-0049 with

Intercepts Including 53.72% Fe2O3, 7.32% TiO2, 0.431%

V2O5 from 2026 Drilling at Trapper South, Radar Critical

Minerals Project in Labrador

VANCOUVER, B.C. – July 15, 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- 0047, -0048 and -0049

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. The Trapper Zone forms part of an oxide corridor that includes the

Falcon and Hawkeye Zones collectively covering 29 square kilometres (Figure 1).

Figure 1: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red

(high-amplitude pixels only). The QMAGT-imaged central oxide-layering corridor validated over 29 km2,

encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone.

Trapper Zone Assay Highlights

• Analytical results received for three (3) additional diamond drill holes (R-0047 to R-0049)

from the MRE drill program initiated in Q4 2025, delivering consistent broad intercepts of

oxide mineralization.

• Key intercepts include:

o Hole R-0047: 126.8 m @ 42.84% Fe2O3, 5.43% TiO2, 0.306% V2O5

 Including 68.4 m @ 46.81% Fe2O3, 6.17% TiO2, 0.335% V2O5

o Hole R-0048: 92.3 m @ 42.46% Fe2O3, 5.38% TiO2, 0.304% V2O5

 Including 16.3 m @ 53.72% Fe2O3, 7.29% TiO2, 0.431% V2O5

o Hole R-0049: 100.3 m @ 42.97% Fe2O3, 5.39% TiO2, 0.316% V2O5

 Including 26.5 m @ 53.91% Fe2O3, 7.22% TiO2, 0.431% V2O5

• These results now bring the total MRE drill results to forty-two (42) diamond drill holes

received to date . As reported previously , analytical results from the ﬁrst thirty-nine (39)

diamond drill holes of the MRE drill program include:

DDH FROM TO L ength True Thickness Fe2O3 TiO2 V205

ID m m m m % % %

R-0008 170.0 237. 6 68.3 66.2 46.15 9.21 0.311

R-0009 94.0 181.2 87.2 84.4 50.67 10.15 0.339

R-0010 1.5 137.0 135.5 121.7 50.03 7.87 0.352

R-0011 58.1 153.3 95.2 50.8 39.49 6.49 0.222

R-0012 3.8 79.0 75.2 39.6 27.39 4.87 0.116

R-0013 9.5 121.0 111.5 97.9 37.08 5.14 0.242

R-0014 8.8 50.0 41.2 14.9 36.17 6.36 0.188

R-0015 73.3 174.0 100.7 88.9 38.56 6.80 0.229

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

R-0030 83.1 174.0 90. 9 49.5 42.57 5.40 0.303

R-0030 83.1 101.7 18. 6 10.2 50.81 6.56 0.398

R-0031 63.4 171.6 108. 2 87.2 38.11 5.13 0.254

R-0031 97.0 140.1 43. 1 34.7 42.71 5.88 0.309

R-0032 53.8 198.0 144. 2 135.3 37.13 5.04 0.234

R-0032 114.0 170.0 56. 0 52.6 44.68 6.50 0.294

R-0033 67.4 168.0 100. 6 77.5 44.07 6.38 0.286

R-0033 97.0 153.0 56. 0 43.1 48.03 7.25 0.304

R-0034 68.8 195.0 126. 2 124.0 43.19 6.05 0.293

R-0034 106.1 170.0 63. 9 62.8 48.61 7.01 0.344

R-0035 8.5 22.0 13. 5 9.9 30.98 2.93 0.193

R-0036 55.0 128.0 73. 0 36.5 45.34 6.31 0.345

R-0036 80.0 114.0 34. 0 17.0 50.46 7.21 0.395

R-0037 52.2 103.0 50. 8 41.9 45.93 6.46 0.348

R-0038 45.4 146.2 100. 8 73.7 41.23 5.21 0.302

R-0038 103.9 146.2 42. 4 31.0 46.20 6.35 0.364

R-0039 84.0 194.0 110. 1 106.5 47.42 5.95 0.354

R-0039 97.0 149.1 52. 1 50.4 58.15 7.68 0.459

R-0039 166.4 194.0 27. 6 26.7 45.88 5.85 0.350

R-0040 84.9 130.0 45. 1 31.9 51.20 7.94 0.340

R-0041 6.6 53.0 46. 4 34.7 47.97 6.49 0.368

R-0042 102.1 137.4 35. 3 23.6 50.68 6.74 0.378

R-0043 28.4 68.2 39. 8 30.4 47.93 7.24 0.307

R-0044 82.9 105.8 22. 9 16.6 51.38 6.85 0.415

R-0045 76.9 148.3 71. 3 53.7 48.28 6.21 0.373

R-0045 104.0 144.0 40. 0 31.1 53.69 7.32 0.441

R-0046 20.0 147.9 127. 9 103.6 52.94 7.35 0.388

R-0046 20.0 74.0 54. 0 43.7 58.33 8.78 0.415

Table 1: MRE drill program assay intercepts previously reported in Q4 2025 and 2026 to date from drill holes

R-0008 to R-0046.

• Top 15 intercepts from the MRE Drill Program to date can be found in Table 4 below.

• Completed sixty-three (63) holes (R -0008 to R -0070) from Q4 2025 to date in 2026, with

signiﬁcant oxide intercepts including 244.4 m from R-0061 (true thickness of 2 04.7) of

semi-massive oxide with extensive rhythmic oxide layering.

• Actively drilling holes R-0071 and R-0072.

• MRE drilling to date has returned multiple holes of thick oxide core intercepts exceeding 70–

144 metres and certain assay intervals frequently above 45 –58% Fe 2O3, 6 –8% TiO 2 and

0.37-0.44% V2O5.

• Rhythmic banding and semi -massive to massive oxide mineralization are observed

consistently in Trapper South, comparable to the high-grade results from Trapper North.

• Drilling is progressing efficiently, with 16,159 m completed in the Trapper Zone to date.

• Excellent core recovery remains above 95% 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:

“These new assay results from R-0047 to R-0049 are highly encouraging and clearly illustrate how the

Trapper South grid is taking shape. With numerous long intercepts of high -grade oxide

mineralization—such as the 126.8 m @ 42.84% Fe2O3, 5.43% TiO2, 0.306% V2O5 (including 68.4 m

@ 46.81% Fe2O3, 6.17% TiO2, 0.335% V2O5) in R-0047 and standout higher-grade zones exceeding

53% Fe2O3, 7.2% TiO2, and 0.43 0% V2O5 in R-0048 and R -0049—the cross-sections are ﬁlling in

beautifully with consistent rhythmic layering and semi-massive oxides. This continuity across the drill

grid, combined with over 16,159 metres completed to date, signiﬁcantly strengthens our conﬁdence

in the scale and quality of the system as we progress toward our maiden Mineral Resource Estimate.

The Trapper Zone continues to deliver the robust results needed to highlight the district -scale

potential of the 29 km² oxide corridor at Radar. ”

The latest results from these drill holes, R -0047, R -0048 and R -0049, 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-0047 to R-0049

• Hole R-0047 (Cross-Section S06, Figure 2): Drill hole R-0047 is drilled on cross-section S6,

with an azimuth of 218 and a dip of -45°, with a total depth of 305 m. The oxide zone is 122.3

m thick, intersected at 106.1m, at a sheared contact runs to 247.4 m at a fault contact with a

felsic dyke. Oxide zone includes rhythmic oxide layering ( 71.5 m) and semi -massive oxide

(50.8 m).

• Hole R-0048 (Cross-Section S10, Figure 3): Drill hole R-0048 is drilled on cross-section S10,

with an azimuth of 38 and a dip of -45° with a total depth of 242 m. The oxide zone is 116.9 m

thick, intersected at 31.7 and runs to 149.3 m. The upper intersect is at 50° to the core axis,

with a gradational contact moving from gabbronorite to the oxide zone, beginning as rhythmic

layering. The lower contact of the oxide zone is cut by a quartz vein, with the contact marked

before the upper boundary of the vein at 70° to the core axis. The oxide zone contains 105.1

m of rhythmic layering and 11.8 m of semi-massive oxide.

• Hole R-0049 (Cross-Section S10, Figure 3): Drill hole R-0049 is drilled on cross-section S10,

with an azimuth of 3 8 and a dip of - 60°, with a total depth of 200 m. The hole intercepts the

oxide zone at 30.7 m where there is a sharp magmatic contact transitioning from gabbronorite

to semi-massive oxide. The upper contact for the oxide zone is 40°to core axis. The lower

contact of the oxide zone is sheared at 45 o to core axis against a felsic dyke at 134.3 m. The

oxide zone is 103.6 m and consists of 17.4 m o f semi-massive oxide and 86.1 m of rhythmic

layering.

Figure 2: 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, R-0027, R-0028, R-0042, R-0043, R-

0044 and R-0047.

Figure 3: Cross section of S10 looking NW showing R-0033, -0034, -0048, -0049 and -0050, 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-0033, R-0034, R-0048, and R-0049. Assays are pending for

R-0050.

Trapper Zone Drilling Summary

Drill Hole Azimuth /

Dip

Total

Depth

(

From (metres) To (metres) Semi-Massive

Oxide (m)

Rhythmic Layering

(m) Total Oxide (m) True Thickness

(m)

Assays

Received

R-0016 38° / -45° 206 44. 0 102.0 45.8 12.2 58.0 53.9 Yes

R-0017 38° / -70° 161 50. 6 140.6 87.1 3.0 90.1 73.0 Yes

R-0018 38° / -45° 188 44. 7 156.4 65.0 46.6 111.7 70.1 Yes

R-0019 38° / -45° 182 66. 6 133.0 38.0 28.5 66.5 72.8 Yes

R-0020 38° / -45° 206 50. 8 138.0 28.5 58.7 87.2 66.7 Yes

R-0021 38° / -70° 152 81. 3 127.4 33.5 12.6 46.1 24.3 Yes

R-0022 38° / -45° 149 22. 5 118.7 31.6 59.7 91.3 85.3 Yes

R-0023 38° / -45° 272 100. 5 239.3 30.6 76.4 107.1 67.2 Yes

R-0024 38° / -45° 254 108. 9 219.8 46.8 62.1 108.9 68.5 Yes

R-0025 38° / -60° 275 123. 0 253.6 6.9 118.1 125.0 89.6 Yes

R-0026 38° / -60° 302 108. 8 273.7 16.2 138.6 154.8 87.4 Yes

R-0027 38° / -45° 217 81. 3 175.3 34.2 59.9 94.1 73.9 Yes

R-0028 38° / -60° 227 105. 1 215.9 22.5 87.1 109.6 57.4 Yes

R-0029 38° / -45° 214 65. 2 184.0 13.4 105.4 118.8 106.2 Yes

R-0030 38° / -60° 211 83. 1 189.2 25.4 79.6 105.0 57.8 Yes

R-0031 38° / -45° 215 63. 4 171.6 2.4 105.9 108.3 87.2 Yes

R-0032 38° / -60° 263 53. 8 214.7 18.5 136.0 154.4 145.0 Yes

R-0033 38° / -45° 251 67. 7 203.5 23.7 112.4 136.1 104.8 Yes

R-0034 38° / -60° 233 48. 7 214.1 66.1 93.5 159.7 156.9 Yes

R-0035 38° / -45° 97 8. 5 66.3 0.0 35.0 35.0 25.7 Yes

R-0036 38° / -70° 212 47. 4 128.0 68.0 8.6 76.6 38.3 Yes

R-0037 38° / -45° 206 42. 6 146.0 50.8 52.6 103.4 85.2 Yes

R-0038 38° / -70° 182 45. 4 146.2 55.9 45.0 100.9 73.7 Yes

R-0039 218° / -45° 251 84. 0 196.3 82.2 23.3 105.5 102.1 Yes

R-0040 38° / -70° 170 38. 3 130.0 44.7 28.7 73.4 34.3 Yes

R-0041 38° / -45° 100 6. 6 84.2 38.5 30.9 69.4 52.1 Yes

R-0042 38° / -70° 161 88. 6 137.4 26.6 10.0 36.6 24.5 Yes

R-0043 38° / -45° 119 28. 4 101.6 37.5 35.7 73.3 55.9 Yes

R-0044 218° / -45° 176 82. 9 105.8 19.3 3.7 22.9 16.6 Yes

R-0045 218° / -45° 245 39. 3 223.6 67.4 71.7 139.1 96.9 Yes

R-0046 a 7.4 147. 9 121.7 19.3 141.0 108.0 Yes

R-0046 b 237.7 445. 9 21.4 176.7 198.2 113.7 Yes

R-0047 218° / -45° 305 106. 1 247.4 50.8 71.5 122.3 118.1 Yes

R-0048 38° / -45° 242 31. 7 149.3 11.8 105.1 116.9 109.9 Yes

R-0049 38° / -60° 200 30. 7 134.3 17.4 86.1 103.6 66.6 Yes

R-0050 218° / -45° 269 63. 9 245.6 51.9 94.2 146.1 103.3

R-0051 38° / -60° 311 99. 9 227.3 38.5 88.8 127.4 83.0

R-0052 38° / -45° 275 68. 6 235.0 19.8 140.8 160.6 134.7

R-0053 38° / -60° 299 77. 1 279.4 35.0 167.3 202.3 132.1

R-0054 38° / -45° 269 18. 4 202.0 35.2 85.3 120.5 97.7

R-0055 38° / -60° 320 70. 1 291.6 67.6 73.2 140.8 82.3

R-0056 38° / -45° 239 84. 8 220.0 24.4 69.6 94.0 56.1

R-0057 38° / -60° 233 92. 4 194.1 43.6 52.5 96.1 83.4

R-0058 38° / -45° 299 71. 6 138.9 0 53.02 53.0 36.21

R-0059 38° / -45° 377 81. 9 374.9 6.2 179.6 185.7 155.2

R-0060 38° / -60° 335 80. 9 243.4 88.9 72.0 160.9 151.5

R-0061 218° / -45° 359 51. 9 307.3 93.5 150.8 244.4 204.7

R-0062 38° / -60° 251 0. 0 125.6 36.2 75.2 111.4 64.5

R-0063 180° / -45° 542 61. 7 494.0 6.5 131.3 137.8 92.8

R-0064 218° / -45° 569 2. 0 492.5 160.1 236.5 396.6 356.4

R-0065a 41.1 162. 7 4.2 117.4 121.7 109.8

R-0065b 338.7 584. 0 61.3 172.1 233.4 210.6

R-0066 218° / -45° 320

R-0067 38° / -45° 221

R-0068 38° / -65° 260

R-0069 218° / -60° 221

R-0070 38° / -45° 221

R-0071 38° / -45°

R-0072 38° / -70°

Total (m) 14,109

Drilling in progress

218° / -45° 491

Drilling in progress

Logging in progress

218° / -45° 584

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