Mr. Mike Stier reports

SAGA METALS ANNOUNCES CLOSING OF FULLY SUBSCRIBED NON-BROKERED PRIVATE PLACEMENT AND PROVIDES CORPORATE UPDATE

Saga Metals Corp. has closed its previously announced non-brokered private placement pursuant to which the company raised aggregate gross proceeds of $2,988,024.64.

Pursuant to the offering, the company issued: (i) 7,100,088 flow-through common share units of the company at 28 cents per FT unit for gross proceeds of $1,988,024.64; and (ii) four million hard-dollar common share units of the company at 25 cents per HD unit for gross proceeds of $1-million.

Financing overview

Each FT unit consists of one flow-through common share as defined in Subsection 66(15) of the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant. Each warrant will entitle its holder to purchase one common share in the capital of the company at a price of 50 cents until Oct. 10, 2027. The warrant shares underlying the FT units will not qualify as flow-through shares under the tax act.

Each HD unit consists of one common share and one-half of one warrant. Each whole warrant will entitle its holder to purchase one warrant share at a price of 50 cents until Oct. 10, 2027.

Each of the warrants will be subject to the right of the company to accelerate the expiry date of the warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after Oct. 10, 2025, the closing price of the company's common shares equals or exceeds 75 cents for a period of 10 consecutive trading days on the TSX Venture Exchange.

All securities issued in connection with the offering are subject to a hold period of four months and one day following the closing date pursuant to applicable securities laws, expiring Feb. 11, 2026.

The company paid cash finders' fees in the aggregate amount of $130,003 and issued an aggregate of 478,204 finders' warrants in connection with the offering. Each finder's warrant entitles the holder thereof to purchase one common share of the company at a price of 50 cents per share for a period of 24 months from the closing date.

The gross proceeds from the FT units will be used by the company for Canadian exploration expenses that are flow-through critical mineral mining expenditures (as such terms are defined in the tax act) on the company's Canadian mineral resource properties. The net proceeds of the HD units will be used by the company for administrative and general working capital, which may include investor relations activities.

Marketing services agreement with Capitaliz

The company further reports that it has entered into a digital marketing service agreement, effective as of Oct. 13, 2025, with 1123963 B.C. Ltd. doing business as Capitaliz. Pursuant to the Capitaliz agreement, Capitaliz will, among other things, provide the company with certain marketing services to expand investor awareness of the company's business and to communicate with the investment community. The Capitaliz services will be provided by Capitaliz over a three-month term. The Capitaliz agreement may be terminated at any time by either party with 30 days notice.

Capitaliz is a content-driven digital marketing agency that connects public companies with social media influencers across all major social media platforms, leveraging a creator network that reaches over 100 million subscribers.

The Capitaliz services will include, among other things: (i) multimedia content creation and syndication, including the production and distribution of editorial video content; (ii) targeted traffic generation through a combination of pay-per-click advertising, social media marketing, native advertising, search engine optimization, e-mail campaigns and retargeting strategies; and (iii) strategic social media amplification of campaign content across platforms such as Investorhub and YouTube; and (iv) expanded distribution through established relationships with financial media platforms. In consideration of the Capitaliz services and pursuant to the terms and conditions of the Capitaliz agreement, the company has agreed to pay Capitaliz a fee of $200,000 (plus applicable taxes) over a three-month term, which will be paid using the company's available working capital.

The Capitaliz services will be rendered primarily on-line through a variety of news and investment community communications channels. Jeff Leslie, the principal of Capitaliz, will be involved in conducting the Capitaliz services. Capitaliz and Mr. Leslie do not have any interest, directly or indirectly, in the company or its securities, or any right or intent to acquire such an interest. The terms and conditions of the Capitaliz agreement remain subject to approval of the exchange.

On-line marketing agreement with i2i Marketing Group LLC

In addition, the company reports that it entered into an on-line marketing agreement with i2i. Pursuant to the i2i agreement, i2i will, among other things, provide the company with corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution. The i2i services will be provided by i2i pursuant to an initial $250,000 (U.S.) budget, which will be paid using the company's available working capital, and may continue on a month-to-month basis thereafter until the i2i agreement is terminated. The i2i agreement may be terminated by either party upon 10 days advance written notice to the other party during the contract term.

The i2i services will be rendered primarily on-line through a variety of news and investment community communications channels. Joe Grubb and Kailyn White, principals of i2i, will be providing services on behalf of i2i. i2i, Mr. Grubb and Ms. White do not have any interest, directly or indirectly, in the company or its securities, or any right or intent to acquire such an interest.

The terms and conditions of the i2i agreement remain subject to approval of the Exchange.

About Saga Metals Corp.

Saga Metals is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar titanium project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 square kilometres on the surface near Cartwright, Labrador. Exploration to date, including a 2,200-metre drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite 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 18-kilometre east-west trend, with a confirmed 14-kilometre section producing samples as high as 0.428 per cent triuranium octoxide and uranium uranophane, 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 minerals crucial to the green energy transition, Saga is strategically positioned to play an essential role in the clean energy future.

We seek Safe Harbor.