Mr. Mike Stier reports

SAGA METALS CONFIRMS Q2 INTERIM FINANCIALS AND MD&A

Saga Metals Corp. has filed its unaudited interim consolidated financial statements and the related management's discussion and analysis for the period ended Jan. 31, 2025. The documents can be found under the company's profile on SEDAR+.

About Saga Metals Corp.

Saga is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company's flagship asset, the Double Mer uranium project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18-kilometre east-west trend, with a confirmed 14-kilometre section producing samples as high as 0.42 per cent U3O8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer technical report).

Saga also 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 Lithium.

Saga holds additional exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, Saga is strategically positioned to play an essential role in the clean energy future.

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