Mr. Mike Stier reports

SAGA METALS SECURES MAXIMUM JEA GRANT FOR LABRADOR AND ADOPTS SEMI-ANNUAL FINANCIAL REPORTING

Saga Metals Corp. has been awarded $225,000 under the Junior Exploration Assistance (JEA) program, representing the maximum funding available for the 2025 program for exploration expenditures in Labrador. This funding supported the company's 2025 drilling program at its Radar critical minerals project in Labrador.

The JEA program provides non-dilutive funding to advance mineral exploration across Newfoundland and Labrador, with a focus on new discovery and development of projects toward defined mineral resources.

About the Radar critical mineral property in Labrador

The Radar property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (about 160 square kilometres), a unique position among Western explorers. Geological mapping, geophysics and trenching have already confirmed oxide layering across more than 20 kilometres of strike length, with mineralization open for expansion.

Vanadiferous titanomagnetite (VTM) mineralization at Radar is comparable with global Fe-Ti-V (iron-titanium-vanadium) 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.

Key project highlights

• Confirmed mineralization in 45 out of 45 drill holes completed and observed in two primary zones to date;
• Analytical results to date include numerous oxide-rich intercepts, including those shown in the attached table.

• Infrastructure including road access, deepwater port, nearby hydroelectric power and airstrip;
• Confirmed the 16-plus-kilometre oxide-layering trend that stretches from the Hawkeye zone to the Trapper zone demonstrates district-scale potential;
• Consistent grades and thicknesses with semi-massive to massive oxide reporting up to 64.55 per cent Fe, 13.3 per cent TiO2 and 0.66 per cent V2O5;
• Petrographic analysis confirms titanomagnetite mineralization is advantageous for simplified metallurgical processing;
• A total of 8,144 metres completed and report to date for MRE (mineral resource estimate) drill program.

Furthermore, the company has submitted a letter of intent under the JEA 2026 program to continue to support the development of the Radar critical minerals project.

Adoption of semi-annual financial reporting

The company additionally reports that it has elected to rely on Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers of the Canadian Securities Administrators and move to semi-annual financial reporting (SAR) under the pilot program established by the blanket order.

The blanket order allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. By opting into the SAR pilot program, the company aims to reduce the administrative and financial burden associated with quarterly reporting. Under the SAR pilot program, the company will be exempt from filing interim financial reports and related management's discussion and analysis (MD&A) for its first and third quarters. The company will now continue its financial reporting as follows:

• Interim period: The company will going forward not file an interim report and a related MD&A for the first quarter (Q1) ending Oct. 31 and the third quarter (Q3) ending April 30.
• Continuing reporting: The company will continue to file audited financial statements (due within 120 days of Nov. 30) and six-month interim financial reports (due within 60 days of Jan. 31).

The first period for which the company will not file an interim financial report and related MD&A will be for the three month period ended April 30, 2026.

The company confirms it meets the pilot program's eligibility criteria as it:

• Is a venture issuer (as defined in applicable securities laws);
• Has its common shares listed on the TSX Venture Exchange;
• Has annual revenues of less than $10-million;
• Has a disclosure record of over 12 months;
• Has filed all required periodic and timely continuous disclosure documents.

This news release is being filed pursuant to the blanket order.

Investor relations and marketing engagement

In addition, the company wishes to announce that it has engaged Precious Metals Investments Ltd. (PMI) for investor relations and marketing services. The engagement is for a term of 12 months commencing April 16, 2026, with compensation totalling $245,000 (U.S.) over the term. PMI is arm's length to the company and is located at Halsbury Commercial Centre, Village Road North, P.O. box SS-19050, Nassau, New Providence, Bahamas; telephone: 1-242-393-4551; pr@pm-investments.net.

Qualified person

Paul J. McGuigan, PGeo, 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.

About Saga Metals Corp.

Saga Metals 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 square km on the surface near Cartwright, Labrador. Exploration to date, including 10,353 m of drilling, has confirmed a large, 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 18-kilometre east-west trend, with a confirmed 14 km section producing samples as high as 0.428 per cent U3O8 (triuranium octoxide). Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer technical report).

Additionally, Saga owns the Legacy lithium project in Quebec's Eeyou Istchee James Bay region. This project spans 65,849 hectares and shares significant geological continuity with other major players in the area, including Rio Tinto, Li-FT Power, SOQUEM 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 securing critical minerals.

We seek Safe Harbor.