Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (‘Canada One’ or the ‘Company’) is pleased to provide an exploration update following the Phase 2 exploration program conducted at its 100% owned Copper Dome Project, (‘Copper Dome’, ‘Project’ or ‘Property’), Princeton B.C.

2025 FIELD PROGRAM HIGHLIGHTS

• Crews established 53 field stations with full metadata across the property, systematically documenting geological observations to contextualize mineral showings in relation to property-scale and regional geology.
• A total of 29 rock samples were collected during the first phase of exploration and have been delivered to the laboratory for analysis.
• Copper sulphides, including bornite and chalcopyrite, were observed in several rock samples. Assay results are pending.
• Key alteration assemblages observed are indicative of proximity to porphyry centers.

Peter Berdusco, President and CEO of the Company commented: ‘We are thrilled with the Phase 2 exploration work, which identified numerous samples containing visible copper sulphide minerals. The Friday Creek zone emerged as a standout area of interest, and additional work is planned to further evaluate its mineralization footprint and potential within the broader Copper Dome system. Observing bornite in hand sample is a strong indicator of potential porphyry systems, and the project’s proximity to the Copper Mountain Mine only strengthens the geological narrative. The visible copper mineralization and potassic alteration signatures observed in these samples provide Canada One with a solid foundation to advance exploration and refine its 2026 objectives at the Copper Dome project.’

Exploration Summary

Crews completed the Phase 2 field program at the Copper Dome Project, with a primary focus on visiting historic MINFILE occurrences and applying modern exploration insight to reassess legacy data and descriptions. All documented MINFILE locations were successfully visited, and 53 field stations were collected with full metadata at each site. A total of 29 rock samples were submitted for analysis at ALS Geochemistry – Kamloops, and the Company expects an approximate four-week turn around on results. Historic workings and related infrastructure were mapped, documented, and georeferenced, with access conditions recorded for each location (See Figure 1).

The Company is encouraged by early field observations, which include chalcopyrite stringers, mineralized breccia cement, and bornite clots and stringers (see Figures 2-4).

Figure 1: Overview map of the Copper Dome project sowing sample and data stations as well as project infrastructure.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10074/275866_34fbc694940758d3_002full.jpg

The Friday Creek Zone, located on the western portion of the claim block, hosts strong potassic alteration and visible chalcopyrite and bornite mineralization, commonly occurring with little to no pyrite. Alteration across the zone is similarly encouraging, with moderate to strong K-feldspar and biotite alteration commonly observed near the copper sulphides. This alteration and mineralization assemblage is a recognized indicator of prospective porphyry copper systems, suggesting that the outcrop may lie within the system’s central potassic zone.

The discovery of in-situ bornite at the Friday Creek zone is extremely encouraging. Bornite is a copper-bearing sulphide mineral (chemical formula Cu₅FeS₄, containing ~63% copper by mass), and its presence is commonly associated with proximity to porphyry centers. Bornite was observed across an approximate 150 m by 150 m area, highlighting a meaningful footprint of a high-temperature potassic zone and demonstrating strong potential for a porphyry system near surface. At Friday Creek, alteration was mapped over a vertical extent of roughly 100 meters, extending downslope to the valley bottom, where the strongest alteration intensity was recorded.

Figure 2: Rock sample (2025JG0197), collected from the Friday Creek Zone, comprises a diorite intrusion exhibiting K-feldspar-biotite alteration and internal brecciation, hosting semi-massive bornite mineralization with associated stringers.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10074/275866_canadaone_figure2.png

Bornite at the Friday Creek Zone occurs in several styles. A diorite unit was observed with moderate intensity K-feldspar alteration surrounding bornite stringers exhibiting an internally brecciated texture. The K-feldspar may represent an alteration envelope around the chaotic bornite vein swarm (See Figure 2).

Figure 3: Rock sample (2025JG0001), collected from the Friday Creek Zone, shows a brecciated pegmatite with hydrothermal breccia infill composed of quartz-biotite-sulphide cement.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10074/275866_34fbc694940758d3_005full.jpg

Figure 4: Rock sample (2025PK0003) from the Friday Creek Zone showing moderate k-feldspar and biotite alteration with blebby bornite and chalcopyrite mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10074/275866_canadaone_figure4.png

The company intends to undertake a comprehensive interpretation of the initial field observations, integrating lithological, alteration, and mineralization data to refine the current geological setting.

A follow-up field program is scheduled to commence in Q2 2026, with objectives focused on delineating alteration zonation patterns, sulphide mineral distribution, and the structural controls on mineralization. Detailed petrographic and geochemical analyses will be employed to better constrain the relationship between the observed hydrothermal alteration assemblages and the inferred porphyry center at the Copper Dome Project. These efforts are expected to enhance the company’s understanding of the system’s geometry and vectoring potential, thereby guiding future drilling and exploration targeting.

All rock samples collected from the fall 2025 fieldwork program are pending and were submitted to ALS Geochemistry – Kamloops to be analysed for gold and platinum group elements (50 g fire assay), and multi-element geochemistry, including elements Cu, Pb, Zn, Co, and Ag (method ME-MS61).

About The Copper Dome Project

Copper Dome is located in the lower Quesnel Trough porphyry belt, one of British Columbia’s most prolific mining districts. The Project directly adjoins Hudbay Minerals Inc.’s (TSX: HBM) producing Copper Mountain Mine to the north, which the company reports as having Proven and Probable Reserves of ~367 Mt at 0.25 % Cu, 0.12 g/t Au, and 0.69 g/t Ag (Hudbay Minerals Inc., 2023). Multiple mineralized zones have been identified across the Property, with historical drilling confirming high-grade copper associated with northeast-trending structures similar to those hosting mineralization at Copper Mountain.

The technical and scientific information regarding the adjacent Copper Mountain Mine is sourced from Hudbay Minerals Inc.’s published reports. Mineralization at Copper Mountain should not be considered indicative of the mineralization on the Copper Dome Project.

Reference:
Hudbay Minerals Inc. (2023). NI 43-101 Technical Report – Updated Mineral Resources & Mineral Reserves Estimate, Copper Mountain Mine, Princeton, British Columbia. Effective date: December 1, 2023. Qualified Person: Olivier Tavchandjian, Ph.D., P.Geo. Available on Sedar+.

The Copper Dome Project benefits from excellent infrastructure, enabling year-round access, cost-efficient exploration, and a stable, low-risk jurisdiction.

Historical Work Completed

• Geophysics: 51 km of induced polarization (IP); airborne magnetic and electromagnetic (EM) coverage over ~50% of the Property
• Sampling: 2,253 soils and 378 rocks collected
• Drilling: 8,900+ m of diamond drilling
• Trenching: Over 1 km excavated

With a five-year drill permit in place, the Company is focused on advancing the Project toward drill-ready target definition.

About Canada One

Canada One Mining Corp. is a Canadian junior exploration company focused on copper-the critical metal powering the global energy transition. The Company advances projects from discovery through resource definition with disciplined, data-driven exploration and responsible practices. Its flagship Copper Dome Project, near Princeton, British Columbia, targets a porphyry copper-gold system in a Tier-1 jurisdiction. Canada One aims to deliver sustainable growth and long-term value for shareholders and local communities.

Acknowledgement

Canada One acknowledges that the Copper Dome Project is located within the traditional, ancestral and unceded territory of the Smelqmix People. We recognize and respect their cultural heritage and relationship to the land, honoring their past, present and future.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Ali Wasiliew, P.Geo., a ‘qualified person’ as defined in NI 43-101 – Standards of Disclosure for Mineral Projects.

Historical Sampling

The sampling was done to the standards of the time and is considered ‘historical’ in nature and is not NI43-101 compliant and cannot be relied upon. The results are listed here to show why the Company is interested in this area. Future work and drilling may not repeat similar results.

On behalf of the Board of Directors of
Canada One Mining Corp.

Peter Berdusco
President
Chief Executive Officer
Interim Chief Financial Officer

Forward-Looking Statements

This press release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as ‘expects’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘potential’, ‘possible’, and similar expressions, or statements that events, conditions, or results ‘will’, ‘may’, ‘could’, or ‘should’ occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. 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. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275866

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF ) (‘ Rio Silver ‘ or the ‘ Company ‘) is pleased to provide a corporate update outlining ongoing operational preparations and strategic initiatives as the Company advances toward becoming a high-grade silver producer in Peru, the world’s second-largest silver-producing nation.

Over recent weeks, Company President Chris Verrico, in-country Peruvian Project Manager and Geologist Miller Fernandez, Logistics Manager José Peña and Principal Geological Consultant Edgar Leon, completed a detailed site visit to the Maria Norte Au-Ag-Pb-Zn Project. The team confirmed the scope, sequencing, and logistical requirements to fast-track development work immediately upon regulatory approval of the pending acquisition.

Operational Highlights

• Development Program Ready to Launch: Field team completed a full development review at Maria Norte, confirming immediate sequencing and readiness to begin work upon Exchange approval of the acquisition.
• Infrastructure and Portal Access Advancing: Preparations underway for high-altitude camp construction, laydown areas, portal-access upgrades, and drift/tunnel advancement along known mineralized structures.
• Permitting and Community Agreements Progressing: Explosives permitting and final stakeholder access agreements are advancing positively within one of Peru’s most established silver-producing regions.
• Leveraging Peru’s Proven Development Model: The Company is adopting Peru’s exploration/exploitation framework, enabling mineral generation while concurrently establishing underground drill platforms for resource definition.
• Evaluating Additional District-Scale Opportunities: Management has identified several silver-dominant targets within trucking distance that may offer accretive district-scale growth potential.

‘Rio Silver is laying the foundation for what we believe can become one of Peru’s next high-grade silver operations,’ said Chris Verrico, President and CEO. ‘Our recent technical review confirmed the strength of the mineralized structures at Maria Norte and validated our plan to advance a rapid, efficient development model. With strong local support, a skilled in-country team, and a well-funded treasury, we are moving with purpose toward unlocking the full potential of this emerging silver district. We see a tremendous opportunity ahead—not only at Maria Norte, but across the broader belt where we continue to evaluate additional high-grade prospects.’

Royalties and Additional Strategic Interests

Rio Silver also benefits from a suite of long-term royalty and equity interests that strengthen the Company’s financial position and provide meaningful, non-dilutive value as it advances its core Peruvian portfolio.

The Company currently receives approximately US$150,000 per year in advanced royalty payments, forming a stable baseline of recurring revenue. In addition, the sale of the Niñobamba project to Magma Silver Corp. provides Rio Silver with milestone payments exceeding US$2 million , along with 2,500,000 common shares of Magma Silver and a further 2,500,000 shares on the first anniversary of approval ( see news release here ). Magma Silver Corp. last traded at $0.20 per share as of market close on November 24, 2025, underscoring the tangible value of this equity exposure. Rio Silver also retains a 2% NSR royalty on Niñobamba, complementing the 3% capped NSR royalty held from the Company’s former Palta Dorada interests.

Beyond its Peruvian assets, Rio Silver maintains ownership of a highly prospective critical-metals project in Ontario’s Ring of Fire, one of Canada’s most important emerging mineral districts. A 2012 airborne EM survey conducted by Fugro identified one of the strongest electromagnetic anomalies ever recorded by the firm—an indicator of significant subsurface potential. Historical drilling by INCO in the 1970s intersected encouraging geology but was never advanced due to non-technical circumstances of the era. Today, Rio Silver continues to engage positively with local First Nations communities as it evaluates the long-term potential of this strategically located asset.

Why This Matters to Investors

Peru remains one of the world’s most important silver jurisdictions, hosting multiple long-life underground mines and well-established infrastructure. Rio Silver is advancing a strategy centered on:

• High-grade, high-margin silver mineralization in a district with proven production potential.
• A rapid development model that allows for resource delineation and mineral generation concurrently—an approach widely used in Peru.
• Proximity to established processing facilities , reducing potential future capital requirements.
• A district-scale vision , with additional prospective acquisitions under evaluation.
• A tight, aligned shareholder base and a strengthened treasury to support near-term catalysts.

As global silver demand accelerates—driven by industrial electrification, AI-related infrastructure, renewable energy, and precious-metal investment—Rio Silver is positioning itself as a pure-play developer with meaningful leverage to rising silver markets.

Engagement With Leading Communications Firm Caram Media
Partnering with Caram Media strengthens Rio Silver’s commitment to disciplined growth, clear market communication, and strong alignment with shareholders as the Company advances its near-term development strategy in one of the world’s most historically productive silver belts.

Galen Carson, President of Caram Media, commented: ‘We’re excited to partner with Rio Silver as they advance one of the most compelling emerging silver stories in Peru. Our team looks forward to helping bring this remarkable opportunity to the broader market with clarity, precision, and the strategic focus it deserves. It’s an inspiring project with tremendous energy behind it, and we’re thrilled to support the next phase of Rio Silver’s journey.’

Compensation and Terms
Under the consulting agreement dated November 14, 2025, Rio Silver has retained Caram Media Inc. for an initial six-month term. Caram Media will receive CAD $100,000 plus applicable GST as the first and last months’ fees paid in advance, followed by monthly payments of CAD $50,000 plus GST thereafter. Additional discretionary compensation may be considered by Rio Silver at its sole discretion and in accordance with applicable securities regulations. Either party may terminate the agreement with thirty (30) days’ written notice.

Qualified Person Statement

The scientific and technical information contained in this release has been reviewed and approved by Jeffrey Reeder, P.Geo., a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy, and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.
Learn more at www.riosilverinc.com

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,
Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. All statements in this release that are not historical facts are forward-looking statements and are based on expectations and assumptions as of the date of this release. Forward-looking statements relate to future events or performance and include, but are not limited to, statements regarding the Company’s planned exploration and development activities at the Maria Norte Project, expected timelines for regulatory approvals, future work programs, engagement with local stakeholders, geological interpretations, and the Company’s ability to advance its assets toward potential development.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, operational risks, regulatory risks, geological uncertainties, availability of financing, community and social risks, commodity-price fluctuations, and general economic conditions. Additional risks are described in the Company’s filings available on SEDAR+ at www.sedarplus.ca .

Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver does not undertake to update forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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 completion of its first 3 holes (R-0008 to R-0010) of the 2025-2026 mineral resource estimate drill program focusing on the high-priority Trapper Zone at its 100%-owned Radar Titanium-Vanadium-Iron (‘Ti-V-Fe’) Project located near Cartwright, Labrador.

Highlights (see Cross-section N-11 in Figure 1 below)

• R-0008 delivered an impressive 156 m of continuous gabbronorite with semi-massive to massive oxide,
• R-0009 confirmed the same unit as well as extended it by another 165 m with increasing oxide content.
• Additionally, substantially all the remaining intersections were within layered gabbronorite with intercumulus oxide mineralization. Intercumulus oxides crystallize from late, residual melt that becomes trapped in the pore spaces between the cumulus silicate minerals during formation of the gabbronorite layers.

A Total Magnetic Intensity (TMI) anomaly from the 2025 ground survey delineated an apparent fold structure in the Trapper North Zone. Two diamond drill holes along drill section N-11 were placed to test the crest of the fold trace. Substantially all of the diamond drill holes R-0008 (272 m length) and R-0009 (299 m length) are in heavy oxide mineralization, with about half the length in semi-massive to massive oxides.

The 2025 Trapper Zone drilling employs down-hole tools to provide oriented diamond drill core, enabling the reconstruction of the true 3D orientation of geological structures. It is essential for structural geology, geotechnical assessment, and accurate geological modelling — especially in complex magmatic systems like layered mafic intrusions. Preliminary structural logging of R-0008 and R-0009 indicates an open, north-plunging antiform with limbs of moderate to steep-dipping gabbronorite layers.

Figure 1: Map of Cross-section N-11, containing drill holes R-0008 & R-0009, highlighting the intercepts of heavy oxide mineralization.

Drill Program Details

The complete cross section through the nose of the fold in Trapper North has shown impressive continuity as R-0008 (156 m of semi-massive to massive oxide) was extended by an additional 165 m following the same unit with drill hole R-0009.

• R-0008 (Azimuth 38°, Dip -45°): The first drill hole (R-0008) concentrated on drilling through what is believed to be a large fold of the oxide layering in Trapper North. Drill holes are collard (Azimuth 38°, Dip -45°) to intercept the Northwest trending 77-to-85-degree dipping oxide layering at the best perpendicular angle. Placed along section to capture true width of oxide layering of the south limb, the hole will additionally yield data on the fold and structures associated with the northern Limb.
• R-0009 (Azimuth 38°, Dip -45°) : The second drill hole (R-0009) concentrated on drilling through the remainder of the believed fold as started by R-0008. The drill hole was collard (Azimuth 38°, Dip -45°) to intercept the northern limb of the fold and to complete the cross-section started with R-0008.
• R-0010 (Azimuth 0°, Dip -45°) : The third drill hole (R-0010) was drilled off the same drill pad as R-0009 to verify the best and most appropriate angle for drilling the northern limb of the fold. Additionally, this hole acted as a control for understanding the axial planar fault which runs W-E through the fold, as well as understanding the true width of northern limb and the contact of the layering.

Next Steps

Drill has continued with R-0011 already sitting at a depth of 200 m down hole. Drill hole R-0011 lies 100 m east along section of R-0009 & R-0010 and is already adding extensive strike to the semi-massive to massive oxide layering observed in the area.

Following the completion of R-0011, the drill will move to Trapper South where a full cross section is planned to follow the same 38-degree section alignment as R-0008 & R-0009. With the same concept of the first 4 holes in the North, drilling in the south will concentrate on a section across the magnetic anomalies comprising of ~4 drill holes 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.

Figure 2: Gladiator Drilling set up at R-0011. Photo looking west across the Trapper North Hill side.

‘We couldn’t have scripted a better start to our maiden drill program at the Trapper Zone,’ commented Michael Garagan, CGO & Director of Saga Metals. ‘ Hole R-0008 delivered an impressive 156 m of continuous semi-massive to massive oxide, and when we stepped out to R-0009 we not only confirmed the same unit but extended it another 165 m with ever-increasing magnetite content. To now have three completed holes highlighting an exceptional continuity of the oxide layering is an outstanding validation of our geological model. The team is genuinely thrilled with these early results and eager to keep the drill turning as we step east along strike in R-0011 and then move south to replicate this success across the full 3+ km Trapper oxide trend.’

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 below surface.
• Integration of structural insights from trenching and drilling into collar orientation and drill design.
• Initial drilling of 1,500-2,500 m in 6-10 holes, each about 250 m in depth will be completed before the December break.
• Test both the North and South sections of the Trapper zone prior to the seasonal break in order to fully define grades, widths and structures prior to initiating the detailed grid and drill sections in 2026, leading to 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 3: 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 (about 160 km²), which is 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 4: 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 .

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.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/999e6d25-b68d-4a9e-98f7-4ebdc3bcf272
https://www.globenewswire.com/NewsRoom/AttachmentNg/fdc2ccca-531e-45c5-bd9d-74491519c63f
https://www.globenewswire.com/NewsRoom/AttachmentNg/5d72c25b-66ed-480b-bea5-c32518fed1db
https://www.globenewswire.com/NewsRoom/AttachmentNg/4a03aa99-efd0-4179-aa02-20905b72d7bc

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 completion of its first 3 holes (R-0008 to R-0010) of the 2025-2026 mineral resource estimate drill program focusing on the high-priority Trapper Zone at its 100%-owned Radar Titanium-Vanadium-Iron (‘Ti-V-Fe’) Project located near Cartwright, Labrador.

Highlights (see Cross-section N-11 in Figure 1 below)

• R-0008 delivered an impressive 156 m of continuous gabbronorite with semi-massive to massive oxide,
• R-0009 confirmed the same unit as well as extended it by another 165 m with increasing oxide content.
• Additionally, substantially all the remaining intersections were within layered gabbronorite with intercumulus oxide mineralization. Intercumulus oxides crystallize from late, residual melt that becomes trapped in the pore spaces between the cumulus silicate minerals during formation of the gabbronorite layers.

A Total Magnetic Intensity (TMI) anomaly from the 2025 ground survey delineated an apparent fold structure in the Trapper North Zone. Two diamond drill holes along drill section N-11 were placed to test the crest of the fold trace. Substantially all of the diamond drill holes R-0008 (272 m length) and R-0009 (299 m length) are in heavy oxide mineralization, with about half the length in semi-massive to massive oxides.

The 2025 Trapper Zone drilling employs down-hole tools to provide oriented diamond drill core, enabling the reconstruction of the true 3D orientation of geological structures. It is essential for structural geology, geotechnical assessment, and accurate geological modelling — especially in complex magmatic systems like layered mafic intrusions. Preliminary structural logging of R-0008 and R-0009 indicates an open, north-plunging antiform with limbs of moderate to steep-dipping gabbronorite layers.

Figure 1: Map of Cross-section N-11, containing drill holes R-0008 & R-0009, highlighting the intercepts of heavy oxide mineralization.

Drill Program Details

The complete cross section through the nose of the fold in Trapper North has shown impressive continuity as R-0008 (156 m of semi-massive to massive oxide) was extended by an additional 165 m following the same unit with drill hole R-0009.

• R-0008 (Azimuth 38°, Dip -45°): The first drill hole (R-0008) concentrated on drilling through what is believed to be a large fold of the oxide layering in Trapper North. Drill holes are collard (Azimuth 38°, Dip -45°) to intercept the Northwest trending 77-to-85-degree dipping oxide layering at the best perpendicular angle. Placed along section to capture true width of oxide layering of the south limb, the hole will additionally yield data on the fold and structures associated with the northern Limb.
• R-0009 (Azimuth 38°, Dip -45°) : The second drill hole (R-0009) concentrated on drilling through the remainder of the believed fold as started by R-0008. The drill hole was collard (Azimuth 38°, Dip -45°) to intercept the northern limb of the fold and to complete the cross-section started with R-0008.
• R-0010 (Azimuth 0°, Dip -45°) : The third drill hole (R-0010) was drilled off the same drill pad as R-0009 to verify the best and most appropriate angle for drilling the northern limb of the fold. Additionally, this hole acted as a control for understanding the axial planar fault which runs W-E through the fold, as well as understanding the true width of northern limb and the contact of the layering.

Next Steps

Drill has continued with R-0011 already sitting at a depth of 200 m down hole. Drill hole R-0011 lies 100 m east along section of R-0009 & R-0010 and is already adding extensive strike to the semi-massive to massive oxide layering observed in the area.

Following the completion of R-0011, the drill will move to Trapper South where a full cross section is planned to follow the same 38-degree section alignment as R-0008 & R-0009. With the same concept of the first 4 holes in the North, drilling in the south will concentrate on a section across the magnetic anomalies comprising of ~4 drill holes 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.

Figure 2: Gladiator Drilling set up at R-0011. Photo looking west across the Trapper North Hill side.

‘We couldn’t have scripted a better start to our maiden drill program at the Trapper Zone,’ commented Michael Garagan, CGO & Director of Saga Metals. ‘ Hole R-0008 delivered an impressive 156 m of continuous semi-massive to massive oxide, and when we stepped out to R-0009 we not only confirmed the same unit but extended it another 165 m with ever-increasing magnetite content. To now have three completed holes highlighting an exceptional continuity of the oxide layering is an outstanding validation of our geological model. The team is genuinely thrilled with these early results and eager to keep the drill turning as we step east along strike in R-0011 and then move south to replicate this success across the full 3+ km Trapper oxide trend.’

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 below surface.
• Integration of structural insights from trenching and drilling into collar orientation and drill design.
• Initial drilling of 1,500-2,500 m in 6-10 holes, each about 250 m in depth will be completed before the December break.
• Test both the North and South sections of the Trapper zone prior to the seasonal break in order to fully define grades, widths and structures prior to initiating the detailed grid and drill sections in 2026, leading to 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 3: 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 (about 160 km²), which is 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 4: 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 .

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.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/999e6d25-b68d-4a9e-98f7-4ebdc3bcf272
https://www.globenewswire.com/NewsRoom/AttachmentNg/fdc2ccca-531e-45c5-bd9d-74491519c63f
https://www.globenewswire.com/NewsRoom/AttachmentNg/5d72c25b-66ed-480b-bea5-c32518fed1db
https://www.globenewswire.com/NewsRoom/AttachmentNg/4a03aa99-efd0-4179-aa02-20905b72d7bc