60 Holes. Zero Misses. How Saga Metals Is Building Canada’s Next Critical Minerals Asset at Radar, Labrador

Deep in the Labrador wilderness, Saga Metals Corp. (TSXV: SAGA | OTCQB: SAGMF | FSE: 20H) is executing one of the most consistent drill programs in Canadian junior mining. At the Radar Project, 60 holes have been drilled — and not one has missed. Every intercept has returned significant vanadiferous titano-magnetite oxide mineralization. That kind of geological consistency is rare, and it is attracting attention.

With a maiden Mineral Resource Estimate (MRE) targeted for mid-2026, the company is approaching what could be a defining inflection point — the moment exploration data formally becomes a defined resource.

A Deposit Built for Scale

The Radar Project sits on 24,175 hectares near Cartwright, Labrador — a 100%-owned property hosted within a layered mafic intrusion that carries vanadiferous titano-magnetite (VTM) oxide mineralization across a confirmed 29 km² central corridor with over 20 km of mapped strike length.

The geological analog is significant. The Radar deposit shares structural characteristics with Panzhihua in China — one of the world’s largest VTM producers — and the Bushveld Complex in South Africa. Both are prolific producers of titanium and vanadium, two metals now listed as critical minerals by both Canada and the United States.

What 60 Holes of Data Is Telling Us

The most recent batch of assay results — holes R-0030 through R-0035 from the Trapper South zone — continued the program’s flawless hit rate. Standout intercepts include:

• R-0034: 63.9m @ 48.61% Fe₂O₃, 7.01% TiO₂, 0.344% V₂O₅ — highest Fe₂O₃ grade in Trapper South

• R-0033: 56.0m @ 48.03% Fe₂O₃, 7.25% TiO₂ — highest TiO₂ grade recorded to date

• R-0032: 144.2m — longest continuous intercept above 5% TiO₂ in Trapper South

• R-0009: 296.47m @ 39.75% Fe₂O₃, 7.46% TiO₂, 0.250% V₂O₅ at Trapper North — longest single intercept in the program

With the drill rig now on hole R-0058 and 11,600 metres of core logged, the dataset being assembled for the MRE is building into one of the most comprehensive early-stage resource calculations in the Labrador critical minerals space.

Why Titanium and Vanadium Are Strategic Right Now

Titanium dioxide (TiO₂) is an industrial critical feedstock — used in aerospace-grade titanium metal, pigments, and defence applications. Global demand is rising and supply is concentrated in a handful of geographies, most of them outside North America. The US Department of Defense and Natural Resources Canada have both identified titanium supply chain diversification as a national priority.

Vanadium pentoxide (V₂O₅) is a key component in vanadium redox flow batteries (VRFBs) — a grid-scale energy storage technology gaining serious commercial traction in North America and Europe. With both TiO₂ and V₂O₅ present at Radar, the project addresses two supply chain imperatives simultaneously from a single Canadian address.

The MRE: What Happens Next

Saga Metals is targeting completion of the maiden Mineral Resource Estimate for Radar in mid-2026. The MRE translates drill hole assay data into an NI 43-101 compliant resource — Indicated and Inferred — giving the market a formal, audited tonnage and grade figure for the first time. For junior mining investors, this is typically the most significant re-rating catalyst in the exploration lifecycle.

The C$10.2 million financing closed in May 2026 provides the runway to complete the drill program without capital pressure. Warrants exercised since January 2026 have brought in an additional C$3.4 million. The treasury is funded. The data is accumulating. The MRE is approaching.

The scientific and technical information in this article is based on information reviewed and approved by Paul J. McGuigan, P.Geo., Independent Qualified Person as defined by NI 43-101.

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Investor Relations: Rob Guzman | rob@sagametals.com | +1 (844) 724-2638 | sagametals.com

TSXV: SAGA · OTCQB: SAGMF · FSE: 20H · sagametals.com

This article contains forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements are based on current expectations and involve known and unknown risks and uncertainties. Actual results may differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. See sagametals.com for full disclaimers.