SAGA Metals Geophysics Program Advances Drill-Ready Targets at Radar Titanium-Vanadium Project and Engages Market Maker

SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery in North America, is pleased to announce the completion of a targeted geophysics program over the Hawkeye Zone at the Radar Titanium-Vanadium (Ti-V) project.

Key Geophysics Highlights

• Expanded Zone Width: Geophysical surveys suggest the Hawkeye Zone’s potential width has increased from 500 meters to 1 kilometer.
• Significant Strike Length: Surface sampling and geophysical results infer a 4-kilometer mineralized strike length.
• High-Grade Mineralization: The Hawkeye Zone includes high-grade mineralization, with samples returning 2.5% – 11.1% TiO₂ and 0.2% – 0.66% V₂O₅.
• Mineralized System Defined: Advanced geophysics clearly outlines the phases of a layered mafic intrusion, creating drill-ready targets.

The geophysics results validate the exploration potential of the Radar Ti-V Project, located 10 kilometers south of Cartwright in Labrador, Canada. The project spans 17,250 hectares and benefits from road access, supporting efficient exploration and development.

Map of the Radar Ti-V project and its proximity to the town of Cartwright, Labrador

High-Resolution Strategic Magnetic and Electromagnetic (EM) Survey Pinpoints Priority Drill Targets at Radar’s Hawkeye Zone

SAGA Metals has successfully completed a detailed magnetic and electromagnetic (EM) survey over the northwest section of the Hawkeye Zone at the Radar Project. Utilizing ground-based equipment on a tightly spaced grid, with 25 meters between stations and 50-meter line spacing, the survey delivered high-resolution magnetic and conductivity data. This effort has proven highly effective in mapping magnetite-rich zones within the Gabbro Norite host rock, a key indicator of titanium (TiO₂) and vanadium (V₂O₅) mineralization.

The magnetic survey was so successful that the high-resolution imagery combined with sample assays and field observations can be used to map some of the most distinguishing features of the system throughout this zone.

Spanning nearly 1 kilometer in width with a near-vertical orientation the Hawkeye zone is the most prospective target on the property with geophysics now defining the phases of a layered mafic intrusion sampled in the 2023-2024 field programs. The results of this survey provide exceptional clarity, combining high-definition imagery with sample assays and field observations to identify distinct geological phases within the Hawkeye Zone. The eastern portion of the zone is characterized by alternating silica-rich (magnetite-depleted) bands and high-grade magnetite layers, with titanium and vanadium grades ranging from 5 to 11% TiO₂ and 0.3 to 0.66% V₂O₅. Moving westward, the system transitions into gabbro norite rocks containing disseminated magnetite. These rocks exhibit consistent but lower grades, averaging 3 to 5% TiO₂ and 0.1 to 0.2% V₂O₅.

Geophysics completed over a targeted area within the Hawkeye Zone increasing width to 1km and a projected 4km strike

Hawkeye Zone Yields Strong Titanium and Vanadium Anomalies in Soil and Rock Samples:

On October 22, 2024, the Company released assay results from its 2024 summer field program (see the full release here).

Rock samples collected from the Hawkeye Zone consistently returned values between 2.5 - 11.1% TiO2 and 0.2 - 0.66% V2O5, confirming the presence of high-grade titanium and vanadium. These results, combined with the geophysics, underscore the potential of the Hawkeye Zone and moves it into drill-ready status.

Ti% in soil samples combined with TiO2% taken in rock samples over the main exposure of the Hawkeye Zone

V ppm in soil samples combined with V2O5% taken in rock samples over the main exposure of the Hawkeye Zone

Michael Garagan, CGO & Director of SAGA Metals Corp. commented: “The radar project is coming together, revealing itself as a textbook example of a Ti-V enriched layered mafic intrusion. The Hawkeye Zone at the Radar Project is now drill ready! Our confidence in the zone comes from our field mapping, sample cover, assay consistency and the amazing detail in the geophysics. They all support each other in geological data and observations. SAGA has spent 2 years compiling this data and building confidence in the Radar Project. The next step is to drill!”

Market Marker Engagement:

Additionally, SAGA announces that, subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange TSXV, CSE, Cboe Canada policies. ITG will trade shares of the Company on the CSE/ Cboe Canada/ TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD$6,000 per month, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

SAGA Metals Corp. | www.sagametals.com