Mr. Mike Stier reports

SAGA METALS APPROVED TO JOIN THE DEFENSE INDUSTRIAL BASE CONSORTIUM (DIBC) TO SUPPORT CRITICAL MINERAL SUPPLY CHAIN SECURITY IN NORTH AMERICA

Saga Metals Corp. has been approved as a member of the Defense Industrial Base Consortium, a U.S. Department of Defence-supported initiative managed by Advanced Technology International.

Membership in the DIBC strengthens Saga's position within the growing network of companies, research institutions and government partners working to enhance the resilience and security of North American critical mineral supply chains that support defence, aerospace, advanced manufacturing and national security priorities.

Mike Stier, chief executive officer and director of Saga Metals, commented: "Being approved to join the Defense Industrial Base Consortium is a significant milestone for Saga. It reflects the strategic importance of our critical minerals portfolio, particularly our flagship Radar titanium-vanadium-iron project in Labrador, and aligns directly with the urgent need for secure, allied sources of materials essential to defence and industrial applications. Membership provides Saga with valuable access to a collaborative network of U.S. defence stakeholders, industry partners, and potential funding and prototyping opportunities under the Other Transaction Authority framework. As we continue advancing our projects toward resource definition and development, this membership enhances our ability to engage with the broader ecosystem focused on strengthening North American supply chain security."

What membership means for Saga

As a DIBC member, Saga gains access to a collaborative platform connecting traditional and non-traditional defence contractors, research organizations, federal agencies and innovative companies. Membership provides opportunities to:

• Engage with U.S. Department of Defence and related stakeholders on critical material initiatives;
• Participate in solicitations, industry events and capability-matching activities;
• Explore research, prototyping and industrial base strengthening opportunities under the flexible Other Transaction Authority framework;
• Collaborate with partners focused on securing domestic and allied supplies of titanium, vanadium, rare earth elements and other strategic minerals; and
• Increase visibility of Saga's North American projects within the defence industrial ecosystem.

While membership does not guarantee contracts or financing, it positions the company to more effectively demonstrate the strategic relevance of its assets and participate in initiatives aimed at reducing reliance on foreign-controlled sources of critical minerals.

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 North American transition to supply security. The 100-per-cent-owned Radar Ti-V-Fe 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 23,725 metres of drilling in the Hawkeye and Trapper zones, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite and ilmenite mineralization with consistently uniform grades of titanium, vanadium and iron.

The 100-per-cent-owned Wolverine heavy rare earth element project in Labrador, is a near-surface REE system hosted within a peralkaline caldera complex that shares strong geological similarities with the Tanbreez and Strange Lake deposits. The project features consistent mineralization, with zones spanning 26 square kilometres, including drill assays up to 2.03 per cent total rare earth oxides with approximately 28-per-cent heavy rare earth oxide content and sample assays up to 21.6 per cent TREO.

The 100-per-cent-owned Double Mer uranium project covers 25,600 hectares and features 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 U3O8 (2024 Double Mer technical report).

Additionally, Saga owns the Legacy lithium project in Quebec's Eeyou Istchee James Bay region. This project spans 72,701 hectares, and has geological attributes similar to nearby terrains currently being explored by Rio Tinto, Li-FT Power, Soquem and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, Saga is strategically positioned to play an essential role in securing critical minerals.

We seek Safe Harbor.