Cassiar Gold Corp. (TSXV: GLDC,OTC:CGLCF) (OTCQX: CGLCF) (the ‘Company’) is pleased to announce results from nine initial diamond drill holes of the 2025 exploration program at the Taurus Deposit, which is located within the Cassiar Gold Project, in northern British Columbia. Results from these drill holes demonstrate potential for ongoing expansion of near-surface mineralization along key structural trends and increase the population of high-grade, visible gold-bearing veins at the deposit. The 2025 drill program comprised 7,308 meters (m) over 20 drill holes and concluded in early October. Results are pending for 5,243 m of drilling over 11 drill holes from the Newcoast regional prospect which lies 2 kilometers (km) to the south.

Highlights:

Drill holes from the Taurus deposit reported here encountered significant intercepts above the 0.4 grams per tonne (g/t) gold (Au) cutoff of the 2025 Mineral Resource at Taurus^[1], with repeated occurrence of high-grade samples hosted within broader mineralized intervals. Results expand mineralization near surface and beyond the extent of the current resource block model.

Drilling intercepts are uncapped unless otherwise stated and represent apparent widths of mineralized zones. A full summary of the latest results can be found in Table 1, and include:

• Drill hole 25TA-245 encountered multiple quartz veins with visible gold, returning:
  • 13.4 m of 13.4 g/t Au (2.05 g/t Au capped) from 28.2 m downhole in drill hole 25TA-245, including:
    • 56.10 g/t Au over 0.3 m, and
    • 210.71 g/t Au over 0.8 m, with 0.4 m of 369.00 g/t Au

• Drill hole 25TA-242:
  • 21.9 m of 2.81 g/t Au (2.80 g/t Au capped) from 45.8 m downhole, including:
    • 9.41 g/t Au over 1.5 m,
    • 5.41 g/t Au over 2.7 m, and
    • 6.90 g/t Au over 2.3 m, with 0.30 m of 20.30 g/t Au

• Drill hole 25TA-238:
  • 21.7 m of 1.30 g/t Au from 13.1 m down hole, including
    • 8.1 m of 2.18 g/t Au and 0.9 m of 5.11 g/t Au
  • 11.3 m of 1.21 g/t Au, including
    • 0.6 m of 8.33 g/t Au, and 0.8 m of 7.38 g/t Au
  • 0.9 m of 27.18 g/t Au (9.63 g/t Au capped), including 59.50 g/t Au

• Drill hole 25TA-239:
  • 7.56 g/t Au over 2.0 m, including 0.4 m of 19.55 g/t Au and 0.8 m of 9.14 g/t Au

‘Our exploration programs demonstrate the Cassiar Gold Project holds meaningful potential as a gold resource expansion opportunity in an important region in British Columbia,’ stated Marco Roque, President and Chief Executive Officer of Cassiar Gold. ‘Confirming continuity and establishing extensions of near-surface higher-grade mineralization in the Taurus East, Southwest, and Sable areas demonstrates that this well-established foundational resource can continue to grow.’

‘Our drilling continues to delineate and extend new higher-grade trends within and adjacent to the Taurus deposit,’ stated Jill Maxwell, VP Exploration of Cassiar Gold. ‘We continue to intersect visible gold in structures across the deposit, with opportunity to identify new trends and advance higher-grade domains along-strike and down-dip in future programs. The results from Taurus East are particularly encouraging as we continue to evaluate the emerging volume potential at recently established satellite zones in the resource area, within the footprint of the existing mine permit.’

Figure 1. Cassiar North 2025 drill campaign drill hole location plan map of expansion and exploration drilling at the Taurus deposit and Newcoast prospect, with locations of drill holes reported within this news release contained within the blue outline (shown in detail in Figure 4).

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Taurus Deposit

The Taurus Deposit hosts a recently updated substantial near-surface, bulk-tonnage gold resource comprising an Indicated Mineral Resource of 8.8 million tonnes at 1.43 g/t Au for 410,000 ounces; with an additional Inferred Mineral Resource of 63.2 million ounces at 0.95 g/t Au for 1.93 million ounces^[1], which remains open for expansion. Mineralization outcrops in places, with 91% of the ounces in the resource occurring within 150 m of surface. Ongoing expansion of the deposit footprint and follow up to recently identified higher grades trends remained a priority during the 2025 exploration campaign. A total of nine drill holes were completed at the Taurus deposit this season.

2025 Taurus Drill Holes

The drilling results reported in this news release are from nine drill holes totaling 2,066 m which tested the outer margins of the known extents of the Taurus deposit. Drilling was distributed across a 1.3-kilometer corridor of the deposit footprint to evaluate the expansion potential of mineralization beyond the block model with step outs ranging from 30 m up to 110 m. The program also followed up to recently identified quartz veins hosting higher grade gold mineralization along key controlling structural trends (Figure 1). Several higher-grade sample intervals were intersected internal to broader mineralized intercepts (Table 1). These extend the distribution of near-surface mineralization south, east, and west of previous drilling along an extensive east-northeast striking corridor of sheeted extensional vein sets within an associated prospective, Au-bearing carbonate-pyrite alteration halo.

Taurus East: drill holes 25TA-243 through 25TA-246

Drill hole 25TA-245 (west-oriented), aimed to evaluate the potential to expand the footprint of the 2025 resource model toward surface through testing potential parallel veins and interpreted extensions of mineralized veining. Drill holes 25TA-243, -244, and -246 (northwest oriented) were designed to test the potential for parallel sets, as well as extensions of veins along-strike and down-dip to the east, west, and south beyond the extent of the 2025 block model.

All of these drill holes returned gold-mineralized intercepts, including 25TA-245 which encountered high grade samples with visible gold hosted within broader intervals. These drill holes collectively expand the footprint of known mineralization near-surface and along strike to the south, west, and east beyond the extend of the 2025 block model. Results include (Table 1; Figures 2,3,4):

• Drill hole 25TA-245 encountered multiple specks of visible gold, returning:
  • 13.4 m of 13.53 g/t Au (2.05 g/t Au capped) from 28.2 m downhole, including
    • 0.3 m of 56.10 g/t Au, and
    • 0.8 m of 210.71 g/t Au with 0.4 m of 369.00 g/t Au,

• 27.3 m of 0.65 g/t Au from 88.4 m downhole, including 1.1 m of 4.42 g/t Au with 0.6 m of 6.01 g/t Au in hole 25TA-244, and
• 3.6 m of 1.48 g/t Au from 61.2 m downhole, including 0.5 m of 7.08 g/t Au in 25TA-243.

Figure 2. Vertical section of drill hole 25TA-245 at Taurus East, looking to the south. Assay results in red text, along with select higher grade nested intervals in black, are reported in this new release. Section width +/- 25 m. Location of section line A-A’ is shown in plan view Figure 4. See Table 1 for comprehensive assay highlights.

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Figure 3. Visible gold in drill hole 25TA-245 observed in quartz veins hosted in Fe-carbonate-sericite altered and sulphide-mineralized basalt.

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Figure 4. Plan view map of 2025 drill holes reported in this news release. The map location is shown in Figure 1. The vertical projection of mineralized intercepts reported in this release are included for reference, the blue dashed line denoted A – A’ represents the section line location for Figure 2.

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Sable: drill holes 25TA-242, -240

Drill hole 25TA-242 (south-oriented) was designed to test an eastward extension of a higher-grade domain of mineralized quartz veining by evaluating the potential influence of an interpreted discrete northeast target plane previously untested at this locale. Drill hole 25TA-240 (southwest-oriented) aimed to test for down dip extensions of known mineralization at Sable.

Mineralization was encountered at the interpreted extensions of mineralized trends at Sable, beyond the extent of the current resource block model. Results include (Table 1; Figure 3):

• Multiple intercepts returned in hole 25TA-242:
  • 21.9 m of 2.81 g/t Au (2.80 g/t Au capped) from 45.8 m downhole, including
    • 1.5 m of 9.41 g/t Au, and
    • 2.7 m of 5.41 g/t Au with 0.4 m of 8.01 g/t Au,
    • also including 0.6 m of 7.35 g/t Au, and
    • 2.3 m of 6.90 g/t Au with 0.3 m of 20.30 g/t Au;
  • 16.0 m of 0.84 g/t Au from 123.0 m downhole, including 3.1 m of 2.72 g/t Au with 0.5 m of 6.12 g/t Au

• 9.8 m of 1.08 g/t Au from 70.5 m downhole, including 0.5 m of 6.79 g/t Au in hole 25TA-240

Taurus Southwest and Central: drill holes 25TA-238, -239, -241

Drill hole 25TA-238 and 25TA-239 (north-oriented) were designed as follow up to expansion holes from the 2024 drill program which encountered intervals of higher-grade mineralization and visible gold within broader intercepts, such as drill hole 24TA-236 with 184.50 g/t Au over 0.3 m nested in a broader intercept of 3.18 g/t Au over 21.9 m (see NEWS RELEASE, January 16, 2025), while 25TA-241 was designed to test for parallel vein sets to the south of the 2025 Taurus resource.

All drill holes from the Southwest and Central areas returned gold-mineralized intercepts, including 25TA-238 which encountered high grade mineralization with visible gold hosted within a broader interval. Results include (Table 1; Figure 4,5):

• Drill hole 25TA-238:
  • 21.7 m of 1.30 g/t Au from 13.1 m downhole, including 8.1 m of 2.18 g/t Au and 0.9 m of 5.11 g/t Au
  • 11.3 m of 1.21 g/t Au from 101.4 m downhole, including 0.6 m of 8.33 g/t Au and 0.8 m of 7.38 g/t Au
  • 0.9 m of 27.18 g/t Au (9.63 g/t Au capped) from 148.9 m downhole, including 0.4 m of 59.50 g/t Au with visible gold

Figure 5. Visible gold in drill hole 25TA-238 observed in quartz veins hosted in Fe-carbonate-sericite altered and sulphide-mineralized basalt.

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Summary

Drilling at the Taurus deposit continues to demonstrate potential for ongoing expansion of near-surface mineralization along the main east-northeast striking sheeted vein sets than defined by the 2025 mineral resource estimate. Drill holes reported here increase the population of high-grade, visible gold-bearing veins at the deposit, such as drill hole 25TA-245 which delivered 0.3 m grading 56.10 g/t Au and 0.4 m grading 369.00 g/t, and hole 25TA-238 with 59.50 g/t over 0.4 m, nested in broader intercepts (Table 1). The technical team continues to evaluate the distribution of these higher-grade results to refine target interpretations to support future programs and regional targeting efforts.

Table 1. Significant 2025 drilling results from Taurus Deposit based on a >0.4 g/t cutoff.

Options

On December 2, 2025, the Company granted 2,270,000 stock options (the ‘Options’) to certain directors, officers, employees and consultants of the Company pursuant to its 10% rolling share option plan (‘Stock Option Plan’). The Options will vest with 2/3 of the Options vesting in 12 months from the date of grant, and the remaining 1/3 of the Options vesting in 24 months from the date of grant, at an exercise price of the Options will be $0.29.

Quality Assurance (QA) and Quality Control (QC)

The 2025 Cassiar drilling program comprises HQ diamond drill core. Drill core samples are selected and logged by geologists prior to being cut in half using a diamond cutting saw at a secure facility located in Jade City, British Columbia. Certified gold reference standards and blanks are routinely inserted into the sample stream as part of the Company’s QA/QC program. All samples are delivered to the ALS Global preparation facility in Whitehorse, Yukon, then shipped to ALS Global preparation and analytical facilities in Vancouver, British Columbia. Samples are analyzed for gold by 50-gram fire assay with finish by atomic absorption or gravimetric methods. Screen metallic analysis is performed on selected samples. ALS Global quality systems and technical aspects conform to requirements of ISO/IEC Standard 17025 guidelines.

About Cassiar Gold Corp.

Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km² and consists of two main project areas:

1. Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t Au cut-off grade; 91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled ‘National Instrument 43-101 Technical Report on the Cassiar Gold Property’, prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025).; and
2. Cassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (NI 43-101 Technical Report titled ‘National Instrument 43-101 Technical Report on the Cassiar Gold Property’, prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.

The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia, Canada. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.

Qualified Persons

Jill Maxwell, P.Geo., Cassiar Gold Corp.’s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101 has verified and approved the technical information in this press release.

Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.

Forward-Looking Statements

This press release may contain forward-looking statements including those describing Cassiar Gold’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Cassiar Gold and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to: timing and extent of planned drilling, potential for new discoveries, timing for providing assay results, conceptual areas for extension and expansion, size of the 2025 drill campaign, results from drilling and the risks and assumptions set out in the NI 43-101 Report.

Although Cassiar Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, a pandemic, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

‘National Instrument 43-101 Technical Report on the Cassiar Gold Property’ by Zelligan, P.Geo, and Jolette, P.Geo.

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Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company’ or ‘Nine Mile’) is pleased to announce that the 2nd drill hole in its Wedge Western Extension Drill Program (DDH-WD-25-02) has been completed and is in progress on its 3RD hole (DDH-WD-25-02B).

• DDH WD-25-02 was collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -50 degrees to intersect the first plate approximately 50 meters west of Hole WD-25-01, increasing the mineralized zone along strike, to the west. (Figure 3). The hole completed at 203m at depth.
• DDH WD-25-02 was successful, intersecting massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au).
• Massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au) were found associated with the contact breccia at 139m depth with a second zone of massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au) intersected at 155 meters, having an approximate true width of 20 meters.
• The sulphide mineralogy in WD-25-02 is readily visible, especially the massive copper mineralization, as shown in Figures 1 & 2. Chalcopyrite (CuFeS₂) occurs as masses, streaks and blebs while more local Pb-Zn mineralization is well banded with sphalerite (Zn) the dominant sulphide. Local bornite (Cu₅FeS₄) and Covellite (CuS) is visibly present, the bornite displays its characteristic ‘Purple Peacock Copper Bloom’ and Covellite its ‘Blue Copper’, as seen in Figure 1.
• All drill core has been measured, logged, photographed, marked and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections have been identified for Base and Precious Metals analysis, including Antimony, for Actlabs, Fredericton, New Brunswick.

FIGURE 1: Visible Massive Copper Mineralization from Zone 1 & 2 (including Covellite (CuS) & Bornite (Cu₅FeS₄ ).

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FIGURE 2: Visible Massive Copper Mineralization

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FIGURE 3: Modeled Plates and Drill Holes WD-25-01 and WD-25-02

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Gary Lohman, VP Exploration, Director, stated, ‘We are pleased with our technical preparation of this drill program and quality of our Lens targeting. The western extension of this deposit is robust and copper rich. Very positive to confirm the thickness of this plate intersection as we stepped approximately 50m west of DDH-WD-25-01. Our data modelling suggests a 3^rd potential Zone of mineralization which Mike Dufresne of Apex Geoscience is modeling and designing (2) potential Drill holes to test that prospective Zone from the western flank area, thus avoiding a sheer zone from the south. We look forward to moving to the Northwest area of this extension program.’

Patrick J. Cruickshank, MBA, CEO & Director, stated, ‘Once again, we have intersected quality mineralization at the desired Target Plates at DDH-25-02, as designed and set out by our Technical Team. The visible mineralization and copper rich sulphides is just spectacular. The presence of Bornite and Covellite is a strong indicator of the quality of this deposit. This western flank area is being confirmed as a rich Copper Lens, one hole at a time. We are on track to increase the Wedge Mine’s mineralized footprint to the west and at depth. The next drill hole in our campaign is DDH-WD-25-02B, which is underway and we look forward to sharing our next summary update shortly.’

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

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This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values, (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.com

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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company advancing critical mineral discoveries, is pleased to announce the successful completion of the first phase of drilling in the Trapper Zone’s northern section (‘Trapper North’) including four drill holes over 1,073 m and has initiated phase 2 in the south (‘Trapper South’) including two drill holes over 445 m completed to date. Phase 1 and 2 drill holes have intercepted and confirmed extensive oxide mineralization over 1.5 km of the 3+ km strike within the Radar Project’s Trapper Zone.

Highlights

• R-0008, -0009 and -0010 on Drill Section N-11 transected the magnetic anomaly and demonstrated a likely structural repetition of the cumulate oxide layers dominated by semi-massive to massive cumulate oxides, confirming the strong magnetic response.
• R-0008: Comprising semi-massive to massive oxide mineralization, with a cumulative total of 156 m of core length.
• R-0009: Over half the length of the hole intersected semi-massive to massive oxide layering, with a cumulative total of 165 m of core length.
• R-0010: Was drilled off the same drill pad as R-0009 to test the NE limb of the fold. R-0010 contained a cumulative core intercept of 139.5 m of semi-massive to massive oxides, as well as 11.5 m of intercumulus oxide in 251 m of coring.
• R-0011 : Intersected equal portions of semi-massive to massive cumulate oxides and intercumulus oxides. Importantly, the drilling encountered a separate unit of rhythmic banded oxide mineralization.
• R-0012 & R-0013: Are the first two drill holes of the initial cross section in Trapper South and contains rhythmic oxide layering and further confirms oxide mineralization over 1.5 km of the 3+ km strike within the Trapper Zone.

Figure 1: Location of the Phase 1 and Phase 2 of Fall 2025 Drilling at Trapper Zone, showing the TMI of the 2025 Trapper Zone ground magnetic survey.

Figure 2: A Gladiator Driller crew member carefully places core from R-0013 into the core box at the drill in Trapper Zone.

Drill Hole Program Details

Phase 1 of drilling in the Trapper North Zone targets 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. A total of 1,073 m of drilling has been completed in four diamond drill holes. Phase 2 is focused on Trapper South and will concentrate on multiple fences through the magnetic anomalies. A total of 445 m has been completed in two diamond drill holes thus far.

Drilling is conducted with oriented drill core to provide definitive structural information. Dr. Boukare Tapsoba, of Cambria Geological Inc., is attending the first phase of drilling to establish robust protocols for documenting the magmatic layering, folding and mylonitic shearing.

• 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.
• R-0010 (Azimuth 0°, Dip -45°, EOH 251 m) , was drilled off the same drill pad as R-0009 to verify the most appropriate angle for drilling the NE limb of the fold. Additionally, this hole provides a control for understanding the structural position of a mylonitic shear that occupies the fold’s axial plane. R-0010 contained a cumulative core intercept of 139.5 m of semi-massive to massive oxides, as well as 11.5 m of intercumulus oxide in 251 m of coring.
• R-0011 (Azimuth 0°, Dip -45°, EOH 251 m), the fourth drill hole in Trapper North was a 100 m step out to the east from R-0009 & R-0010. The hole successfully demonstrated the continuity of the semi-massive to massive layering while also intersecting a unit of Rhythmic Magnetite layering, similar to the holes drilled in Hawkeye in Q1 of 2025. R-0011 intercepted a cumulative interval of 58.3 meters of semi-massive to massive oxide, 27.39 meters of intercumulus and 52.12 meters of rhythmic magnetite banding.

Drilling on Section N-11, in diamond drill holes R-0008, -0009, and -0010, demonstrated variations in the structural attitude that map an open anticline in the semi-massive to massive oxides. The exceptional thickness of the oxide units on Section N-11 is partly due to the structural repetition of the units. A mylonitic shear zone occupies the axial plane of the fold. Significantly, this drilling tested both the SW and NE limbs of the fold structure and was dominated by semi-massive to massive cumulate oxides, confirming the strong magnetic response. Assays are pending.

Figure 3: Cross-Section N-11 showing R-0008, -0009, -0010 and -0011 with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey.

Drill Core Sample Update

Saga Metals has successfully shipped the first 420 core samples from the Fall 2025 Drill Program. A close sample spacing of 0.5 to 1.0 m was used in the Hawkeye zone Q1 drill program of 2025. After reviewing the assay results on that zone, the team has reduced the sampling interval to 2.0 m.

The first 420 samples include 202 from the complete R-0008 drill hole and 218 from the complete R-0009 drill hole. These samples were shipped at the start of this week and are expected to arrive by the end of the week, with assay results available within 3 to 4 weeks.

Figure 4: R-0012 DDH at Trapper South with a full stack of core boxes ready for logging.

Figure 5: Geologists Boukare Tapsoba, Grace Mombourquette and Katie Ward in the core shack. Both the drillers and geologists have benefited from competent ‘stick’ rock, as seen in the core held up by Boukare Tapsoba.

Next Steps

Drill has successfully moved from Trapper North to Trapper South and has begun drilling a four-hole section across the linear magnetic anomalies with the zone. R-0012 and R-0013 are completed, and Gladiator Drilling has successfully moved the drill shack to the site of R-0014 with drilling already underway.

With the same concept of the first four holes in the North, drilling in the South will concentrate on multiple fences through the magnetic anomalies to allow Saga’s geological team to best understand and plan for the remainder of the mineral resource estimate drill program that will continue in Q1 of 2026.

‘Saga Metals Radar Project, Fall 2025 Drill Program is aggressively testing for the presence of, and continuity of layered magnetite mineralization that has been defined by their recent ground magnetic surveys. Their targeting of fold noses is logical, and their use of oriented core to define layering attitudes and facing directions will greatly aid their geological interpretation of these large, property-scale folded formations. Their early use of structural geological expertise is well thought out and will be of great value in the definition of this emerging layered mafic intrusive complex,’ commented Vernon Shein, former B2Gold Executive & Advisory Board Member of Saga Metals.

Drill Program Objectives:

The Phase 1 Trapper Zone drill campaign will target:

• Grade continuity across a 3 km strike length.
• Oxide layering widths and continuity to true depths of about 200 meters.
• Integration of structural insights from trenching and drilling into collar orientation and drill design.
• Initial drilling of ~2,000 meters in 8 holes, each averaging about 250 m in depth, will be completed before the December break.
• Test both the North and South sections of the Trapper zone before the seasonal break to fully determine grades, widths and structures before initiating the detailed grid and drill sections in 2026 for a mineral resource estimate.
• Drilling will be complemented by metallurgical sampling through the winter, with core from both the Hawkeye and Trapper zones undergoing detailed metallurgical testing.

Figure 6: Radar Project’s Trapper Zone depicting a 3+ km Total Magnetic Intensity (TMI) anomaly from the 2025 ground survey and the oxide layering trend. The Trapper Trail (in black) will be the target of the planned 15,000 m diamond drilling program aimed at establishing Saga’s maiden mineral resource estimation.

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 7: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, 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 .

Corporate Update

Additionally, further to SAGA’s news release dated May 27, 2025, where it announced the completion of the first tranche of a private placement of units (the ‘ May Placement ‘), the Company has paid additional cash finder’s fees in the amount of $1,659 and issued an additional 5,530 finder’s warrants. The total finder’s fees paid by the Company in connection with the first tranche of May Placement were $33,369.01 in cash and 114,146 finder’s warrants.

The Company also announces that further to its news release dated October 10, 2025 where it announced the completion of a private placement of units (the ‘ October Placement ‘), the Company has paid additional cash finder’s fees in the amount of $21,187.88 and issued an additional 77,546 finder’s warrants. The total finders fees paid by the Company in connection with the October Placement were $151,190.88 in cash and 555,750 finder’s warrants.

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.

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 Titanium 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 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U ₃ O ₈ and 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 that spans key commodities crucial for 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: rob@sagametals.com
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.