SAGA Metals Reports Best Drill Results To-Date at Radar Ti-V-Fe Project in Labrador --First Assay Results Reported for the Trapper Zone Following Completion of the 2025 Phase of the Mineral Resource Estimate Drill Program--
SAGA Metals Reports Best Drill Results To-Date at Radar Ti-V-Fe Project in
Labrador
--First Assay Results Reported for the Trapper Zone Following Completion of the 2025 Phase of the Mineral Resource
Estimate Drill Program--
VANCOUVER, British Columbia, Jan. 02, 2026 -- SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA)
(OTCQB: SAGMF) (FSE: 20H) , a North American exploration company focused on critical mineral discovery, is pleased to
announce the assay results for the first two (2) of eight (8) drill holes from the Company’s Phase 1 Mineral Resource Estimate
(MRE) drill program over the Trapper Zone at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador,
Canada.
Assay Highlights
• Analytical results have been obtained for the first two (2) diamond drill holes of the 2025 Phase of the Trapper Zone
MRE drill program with full hole assays including:
◦ Hole R-0008 (drilled from surface): 269.36 m @ 36.21% Fe₂O₃, 6.57% TiO₂, 0.244% V₂O₅
◦ Hole R-0009 (drilled from surface): 296.47 m @ 39.75% Fe₂O₃, 7.46% TiO₂, 0.25% V₂O₅
• 193 out of 418 samples grading over 7% TiO 2 with 97 out of 418 grading over 10% TiO 2 (Majority are 2-meter
sample length)
• 241 out of 418 samples grading over 0.2% V 2O5 with 128 out of 418 grading over 0.3% V 2O5 (Majority are 2-meter
sample length)
• Core sample 1800528 is the highest TiO2 to date with a 2 m assay of 13.30% TiO2.
• Numerous exceptional intercepts including 87.20 m @ 50.67% Fe2O3 + 10.15% TiO2 + 0.339% V2O5. (See composites
Table 1 below)
• Overall significant increase of best full hole metrics of Fe2O3 (124% increase), TiO2 (105.90% increase) & V2O5
(36.90% increase) from Trapper North assays vs Hawkeye.
• Significant increase in overall oxide concentration from Trapper Vs Hawkeye.
Michael Garagan, CGO & Director of Saga Metals, stated: “The first results from the 2025 phase of the MRE drill program
at Trapper North have returned meaningful quantitative validation for the large intercepts of semi-massive and massive oxide
that the team observed during the logging. The results from the first two holes are an outstanding success, and represent the
best intercepts drilled on the Radar property to date.”
Description DDH FROM TO Length Fe2O3 TiO2 V205
ID m m m % % %
Full Hole R-0008 R-0008 3.4 272 269.36 36.21 6.57 0.244
High V2O5 Layer R-0008 37.76 117.72 79.96 45.63 8.40 0.335
High TiO2 Layer R-0008 170 237.6 68.26 46.15 9.21 0.311
TiO2 Layer R-0008 237.6 266.57 28.98 40.45 7.02 0.285
Full Hole R-0009 R-0009 2.53 299 296.47 39.75 7.46 0.250
High TiO2 Layer R-0009 2.53 66 63.47 44.26 9.02 0.254
High V2O5 Layer (A) R-0009 94 181.2 87.20 50.67 10.15 0.339
High V2O5 Layer (B) R-0009 196.11 216.4 20.29 49.12 8.67 0.368
Table 1: Assay results and composites of R-0008 & R-0009 from Trapper North.
Hole_ID Sample_ID From (m) To (m) Width (m) Fe2O3 (%) TiO2 (%) V2O5 (%)
R-0008 1800528 109.65 111.65 2 64.55 13.30 0.518
R-0008 1800529 111.65 113.65 2 61.92 12.80 0.500
R-0009 1800737 111 113 2 58.34 12.66 0.394
R-0008 1800531 113.65 115.65 2 63.33 12.46 0.488
R-0009 1800732 101 103 2 56.79 12.21 0.369
Table 2: High-grade samples in correlation to higher oxide content in samples
Metric Trapper Zone (best full hole) Hawkeye Zone (best full hole) Trapper uplift vs Hawkeye
Fe₂O₃ (%) 39.75% (R-0009) 17.75% (HEZ-04) 124.00%
TiO₂ (%) 7.46% (R-0009) 3.62% (HEZ-04) 105.90%
V₂O₅ (%) 0.250% (R-0009) 0.183% (HEZ-07) 36.90%
Table 3: Assays results and Composites in a comparison between Trapper & Hawkeye’s full drill hole assay results from the
respective drill programs. (Hawkeye Zone was drilled in Q1 2025 and Trapper Zone was drilled in Q4 2025.)
These results further validate the presence of a strong, arcuate magnetic-high anomaly identified in regional and ground-based
magnetic surveys validating the known 16+ km oxide layering trend stretching from the Hawkeye Zone to the Trapper Zone
within the Dykes River layered mafic intrusive complex.
Trapper Zone vs Hawkeye Zone Best Full Hole Drill Assay Comparison to-date:
• Fe₂O₃: Trapper’s best hole (39.75% Fe₂O₃) is 124.0% higher than Hawkeye’s best (17.75% Fe₂O₃), establishing a
clear iron-grade step-change.
• TiO₂: Trapper sets a new titanium benchmark — 7.46% TiO₂, 105.9% higher than Hawkeye’s best (3.62% TiO₂).
• V₂O₅: Trapper’s best vanadium result (0.250% V₂O₅) is 36.9% higher than Hawkeye’s best (0.183% V₂O₅).
• Majority of Trapper’s assays are 2 m samples versus Hawkeye’s at 0.5 m.
The assay results from drill holes R-0008 and R-0009 not only validate the Trapper Zone and in-field hypothesis, but they also
uphold VTM-Ilmenite ratios seen at the Hawkeye Zone. This suggests that the TiO 2 values are related to overall oxide
concentrations and not a change in mineralogy and that the results are vastly superior to what was considered a very
successful maiden drill program at Hawkeye in Q1 2025.
The Trapper Zone has upheld the conclusion that the total percentage of observed oxide correlates directly to Fe 2O3, TiO2 &
V2O5 grades as seen in Figure 1 below.
Figure 1: Cross-Section N-11 showing R-0008, -0009, -0010 and -0011 with the 3D Magnetic Inversion of the 2025 Trapper
Zone ground magnetic survey. Composite grades within R-0008 and -0009 are highlighted and numbered 1 through 6. R-0010
and -0011 assays are pending.
Drill Hole R-0008 and R-0009 Summary
Phase 1 of drilling in Trapper North targeted a strong magnetic anomaly delineated in the 2025 ground geophysical survey. The
anomaly traces the shape of an apparent fold structure. Drilling fences are oriented to cross the fold structure at right angles,
with drilling directions of mostly N038°E. These two drill holes totaled 571 m and obtain the following observations:
• R-0008 (Azimuth 38°, Dip -45°, EOH 272 m) , was collared in the SW limb of a large fold closure in gabbronorite in
Trapper North. Over half the length of the hole passed through intervals of semi-massive to massive oxide
mineralization, with a cumulative total of 156 m out of 272 m of core length.
• R-0009 (Azimuth 38°, Dip -45°, EOH 299 m) , tested the remainder of the Trapper North fold structure. The drill hole
was collared to intercept the NE limb of the fold and to complete the cross-section started with R-0008. Over half the
length of the hole intersected semi-massive to massive oxide layering, with a cumulative total of 165 m out of 299 m of
core length.
Next Steps
The Company expects to receive the next set of assays results mid-January, with the final batch due shortly after. Saga’s
geological team will complete interpretations with the goal of releasing the results in a timely manner.
Crews are also expected to start mobilizing by mid-January as the Company plans to initiate its 2026 phase of the MRE drill
program at the Radar Project’s Trapper Zone.
Figure 2: Location of the Fall 2025 phase of drilling at Trapper Zone, showing the TMI of the 2025 Trapper Zone ground
magnetic survey as well as the grid for the MRE drill program to be completed in 2026.
About Radar Property
The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position
among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more
than 20 km of strike length, with mineralization open for expansion.
Vanadiferous titanomagnetite (“VTM”) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua
(China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of
titanium, vanadium, and iron to North American markets.
Figure 3: Radar Project’s prospective oxide layering zone validated over ~16 km strike length through Fall 2025 drilling, as
shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper
zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional
airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.
Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed
and approved the technical information disclosed in this news release.
Technical Information
Samples were cut by Company personnel at SAGA's core facility in Cartwright, Labrador. Diamond drill core was sawed and
then sampled in maximum 2 m intervals. Drill hole core diameter utilized was NQ.
Core samples have been prepared and analyzed at IGS laboratory facility in Montreal, Quebec. Blanks, duplicates, and
certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps
are kept and stored in a secured storage facility for future assay verification. The Company utilizes a rigorous, industry-
standard QA/QC program.
About SAGA Metals Corp.
SAGA Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of
critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175
hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright,
Labrador. Exploration to date, including a total of 4,250 m of drilling, has confirmed a large and mineralized layered mafic
intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.
The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an
18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was
identified in several areas of highest radiometric response (2024 Double Mer Technical Report).
Additionally, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed
in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these
properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio
Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.
With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an
essential role in critical mineral security.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Rob Guzman, Investor Relations
SAGA Metals Corp.
Tel: +1 (844) 724-2638
Email: [email protected]
www.sagametals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical
facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”,
“believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than
statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In
particular, this news release contains forward-looking information pertaining to the Company’s Radar Project. There can be no
assurance that such statements will prove to be accurate and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s
expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices,
delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage,
inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage
nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities
regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that
assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place
undue reliance on any forward-looking information. Such information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking
statements contained in this news release are made as of the date of this news release and the Company will update or revise
publicly any of the included forward-looking statements only as expressly required by applicable law.
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