(TheNewswire)

Vancouver, BC TheNewswire – September 16, 2025 Element79 Gold Corp (CSE:ELEM,OTC:ELMGF) (FSE:7YS0) (OTC:ELMGF) (the ‘Company’ or ‘Element79’) is pleased to announce that it has secured a two-year extension of its drilling permit for its 100%-owned Gold Mountain Project (formerly known as Long Peak), located along the prolific Battle Mountain trend in Nevada, USA.

Advancing Nevada Exploration Strategy

The Gold Mountain Project is a cornerstone of Element79’s Nevada portfolio. Historical work and technical studies have highlighted drill-ready targets that will be central to the Company’s exploration focus over the next two years. With the permit extension now secured, Element79 can move forward confidently with its development strategy in one of the world’s most productive gold jurisdictions.

‘Securing this two-year permit extension is a crucial step in ensuring continuity of our exploration strategy at Gold Mountain,’ commented Michale Smith, CEO of Element79 Gold. ‘We are now positioned to execute on our drill programs and advance the project toward resource development, with the intent of building long-term value for our shareholders.’

About the Gold Mountain Project

The Gold Mountain Project, located along Nevada’s Battle Mountain trend, is considered drill-ready with multiple high-priority targets already defined. Previous exploration has identified significant gold mineralization potential, with favorable geology consistent with major deposits in the region. Element79 Gold Corp has recently obtained a 43-101 property of merit technical report, compiling historic data, with completion and filing of the NI 43-101 Technical Report on September 3, 2025. Element79 intends to commence drilling activities under the extended permit to further delineate these targets and unlock the further value in the project.

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Figure 1 – Location map showing the location of the Gold Mountain project.

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Figure 2 – Map showing approved, Notice-level disturbance on the Gold Mountain property.

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Figure 3 – Maps displaying Au and Ag in rocks. The rock samples originated from a hand-drawn map and are thought to have been collected by Oro Nevada and Gold Ventures Inc.

Qualified Person

The technical information in this release has been reviewed and approved by Kim Kirkland, Fellow of AusIMM #309585, Chief Operating Officer of Element79 Gold Corp, and a ‘qualified person’ as defined by National Instrument 43-101.

About Element79 Gold Corp

Element79 Gold Corp is a minin g company focused on the exploration and development of high-potential gold and silver projects. The Company’s main focus is its Lucero Project, a past-producing, high-grade gold and silver mine in Arequipa, Peru, with near-term production potential. In Nevada, the Company is advancing its Gold Mountain and Elephant projects along the Battle Mountain trend, a world-class gold district. Element79 is also completing the spin-out of its Dale Property in Ontario into its wholly owned subsidiary, Synergy Metals Corp.

For more information about the Company, please visit www.element79.gold.

Contact Information

For corporate matters and Investor Relations inquiries, please contact:

Michael Smith, Chief Executive Officer

E-mail: ms@element79.gold

Phone: +1.604.319.6953

Cautionary Note Regarding Forward Looking Statements

This press release contains ‘forward‐looking information’ and ‘forward-looking statements’ under applicable securities laws (collectively, ‘forward‐looking statements’). These statements relate to future events or the Company’s future performance, business prospects, or opportunities and are based on management’s forecasts, estimates, and assumptions. Forward-looking statements include, but are not limited to, statements regarding exploration activities, the timing and scope of planned drill programs, and the potential mineralization of the Gold Mountain Project. Actual results may differ materially from anticipated results. Investors are cautioned not to place undue reliance on forward-looking statements.

Neither the Canadian Securities Exchange nor the Market Regulator accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

Canada One Mining Corp. (TSXV: CONE) (OTC Pink: COMCF) (FSE: AU31) (‘Canada One’ or the ‘Company’) is pleased to announce the launch of its 2025 field exploration program at its flagship Copper Dome Project (‘Copper Dome’, ‘Property’ or ‘Project’), located 18 km south of Princeton, British Columbia.

2025 FIELD WORK PROGRAM HIGHLIGHTS

• Priority target: Boundary Zone — 1 × 2 km Cu-Au soil anomaly
• Follow-up targets: Friday Creek, Combination, Haul Road zones (mapping + rock sampling)
• Workstreams: detailed geological mapping, systematic rock geochemistry, alteration mapping
• Core program: re-log, catalogue, reinterpret historical core around key intercepts
• Outcome: ranked, data-driven target matrix to guide next steps toward drill-targeting

Peter Berdusco, President & CEO of the Company, commented: ‘We are excited to kick off our 2025 field work at Copper Dome. The Boundary Zone—a recently identified 1 × 2 km Cu–Au anomaly with historical rock samples up to 43% Cu—will anchor our systematic mapping and geochemistry. In parallel, we will refine the Friday Creek, Combination, and Haul Road zones and re-log historical core to deliver a ranked, data-driven target matrix.’

2025 Field Work Program Summary

The 2025 program will prioritize exploration of the Boundary Zone, a newly defined target characterized by a 1 km by 2-km copper-gold soil geochemical anomaly (See Figure 1: ‘Map of Copper Dome Zones with Historical Work and Prospective Area’). Historical rock sampling on the western margin of the Boundary Zone returned exceptional assays of up to 43% Cu, 28.16 g/t Au, and 18.19 g/t Pd. Given the limited historical work in this area, the Company’s field efforts will focus on systematic geochemical rock sampling and detailed geological mapping. This work aims to better understand the nature of copper-gold mineralization, identify alteration assemblages, and evaluate the proximity of potential porphyry centers relative to the Boundary Zone.

In addition, follow-up rock sampling and geological mapping will be conducted on the Friday Creek, Combination, and Haul Road zones which are adjacent to the Boundary Zone (See Figure 2: ‘Location Map of the Copper Dome Project’). The Friday Creek and Combination zones have seen limited historical diamond drilling that tested both geophysical and geochemical anomalies, with notable results including:

• DDH FC-01: 8.0 m grading 0.55% Cu and 2.8 g/t Au
• DDH FC-02: 15.0 m grading 0.32% Cu and 0.98 g/t Au
• DDH FC-12: 42.5 m grading 0.28% Cu, including 6.0 m grading 1.5% Cu and 0.70 g/t Au
• DDH FC-10-17: 19.5 m grading 0.71% Cu, including 2.0 m grading 4.08% Cu
• DDH FC-18: 102.7 m grading 0.14% Cu, including 20.0 m grading 0.64% Cu

Understanding the geological framework of these zones will be critical in developing a comprehensive target matrix for future drill testing. The Company’s objective is to define the specific geological settings of each target and identify those with the most favourable characteristics for copper-gold porphyry centers.

As part of the 2025 program, field crews will also evaluate the condition of historical drill core for relogging, cataloguing, and reinterpretation, with particular attention to the most significant historical intercepts.

Figure 1: Map of Copper Dome Zones with Historical Work and Prospective Area

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Figure 2: Location Map of the Copper Dome Project

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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 hosts Proven and Probable Reserves of 702 million tonnes grading 0.24% Cu, 0.09 g/t Au, and 0.72 g/t Ag. 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 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+ metres 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 is a Canadian junior exploration company focused on copper and other critical metals needed for the energy transition. The Company advances projects from discovery through resource definition using disciplined, data-driven exploration and responsible practices. Its flagship Copper Dome Project, near Princeton, British Columbia, is targeting a porphyry-style copper-gold system in a Tier-1 jurisdiction. Canada One’s goal is 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 David Mark, P.Geo., a Qualified Person for the purposes of National Instrument 43-101.

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/266816

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that the Company has updated and signed a non-binding offtake agreement with Brasil Fotovoltaico Ltda. (‘BRFV’). Under the offtake agreement, Homerun will supply BRFV with a minimum annual volume of 180 thousand tonnes of solar glass manufactured by the Company in Belmonte, Bahia, Brazil. The initial price for the solar glass is set at USD 750 per tonne, Free on Board (FOB) the Homerun facility.

‘This updated offtake agreement aligns with the plan to have the full initial capacity of the Homerun solar glass plant covered by offtake agreements with Brazilian operators. Homerun has now announced 300 thousand tonnes of solar glass offtake and based on current ongoing discussions for increased and new offtakes, that number is expected to grow to 450 thousand tonnes which will exceed the modeled 1000 tonne per day plant capacity. This offtake process continues to confirm Homerun’s position as the go-to supplier for solar glass in Brazil. Homerun has drawn the attention of both existing and future solar module manufacturers in Brazil and upon the completion of the BFS, the Company will formalize these offtake agreements to remove market risk and to facilitate further CAPEX streams to finance the building of the facility,’ stated Armando Farhate, COO of Homerun.

This Agreement is currently non-binding and aims to outline the basic terms for the supply arrangements between the Parties. It does not create any legal obligations or liabilities for either Party. The Parties agree that binding agreements shall supersede this agreement, based on the development of the BRFV solar module facility and once the solar glass plant reaches a Bankable Feasibility Study (BFS).

The BFS process is progressing on an expedited basis:

• Abundant silica resources are proximal to the solar glass plant location and permitted for extraction and processing.
• Discussions to utilize current processing plant capacity in the Santa Maria Eterna Silica Sand District are ongoing with a current supply partner.
• Location, production plant engineering and equipment suppliers, market metrics and input cost calculations for the BFS have been completed internally by Homerun management.
• Utility suppliers and ties into the plant have been identified with infrastructure costs allocated to those utilities. Other raw materials supply has been identified and priced into the internal economic model.
• Public and private finance discussions to build the syndicate for the CAPEX (to be determined by the BFS) are ongoing including discussions with the industrial development bank of the Brazilian Government (BNDES).

Brian Leeners, CEO of Homerun stated, ‘Last year, Brazil passed Germany to move into third place for global annual installed capacity of solar modules. The vast majority of these modules came into Brazil as imports. The domestic manufacturers have worked with the Brazilian Government to support the growth of the domestic industry through the newly implemented increase in tariffs on solar module imports. That plan is working to fuel both expansion and new solar module production capacity as Brazil moves toward the Government’s goal of transitioning solar module manufacturing to a new major Brazilian vertically integrated industrial base.’

About Brasil Fotovoltaico Ltda (www.brasilfotovoltaico.com.br)

Brasil Fotovoltaico (BRFV) is a greenfield project, idealized by Si&MEx Solutions GmbH, which aims to implement the first vertically integrated industrial complex in Brazil based on Silicon 5.0 ®, from Polysilicon to Solar Modules.

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

• Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.
• Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

• Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.
• European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).
• Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.
• Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With multiple profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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/266614

(TheNewswire)

VANCOUVER, BC TheNewswire – September 16, 2025 – Heritage Mining Ltd. (CSE: HML FRA: Y66) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce the results from its 2025 prospecting program at its Scattergood Project (‘Scattergood’) (Figure 1, 2). The Company has confirmed surface gold mineralization in close proximity (~4.5km) to Dynasty Gold’s Pelham Deposit (Figure 2).

Scattergood Exploration Program Highlights:

• Gold occurrence in combination with historical geophysics support early indication of similar geologic setting to the bordering Dynasty Gold Pelham Gold Deposit ~182,000oz at 1.37g/t Au (0.45 g/t Cut-Off) NI 43-101 report filed Jan 4, 2022 (Figure 2)

• Coincident Mag and IP chargeability anomalies (500m by 200m) similar to Dynasty Gold Pelham Gold Deposit, NI 43-101 report filed Jan 4, 2022 (Figure 2)

• Heritage is planning a broad spaced geochemical orientation program for immediate follow up (Figure 2).

‘We are very pleased with the initial exploration results from our Scattergood Project. The Heritage Exploration Team has newly identified surface gold mineralization through prospecting within ~4.5km from a known gold deposit Dynasty Golds, Pelham Deposit. This new discovery is important due to its proximity to the Pelham Deposit, we plan to aggressively evaluate the potential of this area. We look forward to further developing this gold target and providing additional updates on our Ontario Project Portfolio in short order.’ Commented Peter Schloo, President, CEO and Director of Heritage

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Figure 1:  Heritage Mining Ltd. Ontario Project Portfolio

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Figure 2: Scattergood Project:  Location and Historical Geophysics and Gold Showing in Rock Chips

Scattergood Project

The Scattergood Project totaling ~6,397Ha straddles the lower segment of Wapageisi group volcanic rock and felsic intrusive bodies including the Taylor Lake Stock, Meggisi Pluton, and Scattergood Lake stock as well as numerous late stage minor intrusives. Structurally, the project is complex with the north-northeast trending Taylor Lake Fault and Trout River deformation zone running through parts of the property. Please refer to June 3, 2024 press release for further details.

Discussion of Exploration Potential

The Company undertook a prospecting sampling program over a two-week period collecting 70 rock chip samples from outcrop.

The northeastern Scattergood Project Area displays the following characteristics:

• Primary structural control: north-south trending structural corridor; regional, crustal-scale. Interpreted primary ‘highway’ for regional fluid flow (Figure 2).

• Secondary structural control: east west trending deformation zone; hosts gold mineralization within the n-s corridor (Figure 2).

• Geophysical signature: magnetic and chargeability (IP) highs. Useful for targeting gold mineralization, as these geophysical anomalies can be linked to sulfide and biotite-magnetite alteration (Figure 2).

Conclusion

Initial 2025 prospecting at the Scattergood Project has identified gold mineralization associated with a strong magnetic anomaly and coincident IP chargeability anomaly. A desktop and field review has confirmed structural complexity within the project area. A broad spaced geochemical soil and till orientation program is proposed for immediate follow up.

Qualified Person

Stephen Hughes P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

Technical Program

Heritage Mining adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses.  Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Heritage Mining Ltd. surface rock chip samples were sent to the ALS assay laboratories in Thunder Bay, Ontario, Canada and the Company adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses.  Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Rock chip samples are analysed by Heritage Mining submits samples for gold determination by PhotonAssay to ALS Canada Ltd. (‘ ALS ‘). ALS operates under a commercial contract with Heritage Mining.

Rock chip samples are shipped to ALS for sample preparation at their facilities in Thunderbay Ontario. ALS is an ISO/IEC 17025:2017 accredited laboratory for the PhotonAssay method in addition to a variety of diverse metal determination methods.

Analytical Procedures

The ALS procedure for PhotonAssay involves lab applying preparation codes LOG-21 (sample logging via barcode), CRU-31 (fine crushing so that 70% passes through a 2mm screen) and SPL-32a (rotary splitting of a representative ~500g subsample)  followed by analytical code Au-PA01 which is a non-destructive gold analysis method using high-energy X-rays with a gold detection range from 0.03 ppm to 350ppm.

After gold assays are returned, Heritage then may choose to perform multi-element assays on selected samples based on the gold results. In these cases, sample preparation codes FND-05 (locate and use remaining crushed material from Au-PA01) and PUL-32m (pulverization so that >85% passes 75 µm screen) are then applied followed by analytical code ME-MS61 (multi-element ICP-MS analysis for base metals, pathfinder elements, lithophile elements and rare earth elements).

________________________________________

Quality Assurance/Quality Control (QA/QC)

The program design, QA/QC, and interpretation of results are performed by qualified persons employing a rigorous QA/QC program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples, in addition to the laboratories’ internal quality assurance programs.

Quality Control data are meticulously evaluated upon receipt from the laboratories for any failures. Appropriate corrective action is taken if assay results for standards and blanks fall outside allowed tolerances. All results disclosed by Heritage Mining have successfully passed the Company’s stringent quality control protocols.

The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed. The assay data disclosed in this press release have been verified by the Company’s Qualified Person against the original assay certificates.

ABOUT HERITAGE MINING LTD.

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. The Scattergood project is located ~40km south of Dryden . Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community.

For further information, please contact:

Heritage Mining Ltd.

Peter Schloo, CPA, CA, CFA

President, CEO and Director

Phone: (905) 505-0918

Email: peter@heritagemining.ca

FORWARD-LOOKING STATEMENTS

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire – All rights reserved.

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to report dual advancements in its 2025 program: the completion of a detailed mineralogical and geological study prepared by Dr. Al Miller, that sets the stage for comprehensive metallurgical testing, and significant on-site exploration progress at the 100% owned Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project near Cartwright, Labrador. Together, these developments underscore Radar’s potential as a strategic critical metals project in North America.

Radar Ti-V-Fe Project in Labrador, Canada:

The Radar Property benefits from exceptional infrastructure, including all-season road access, a nearby deep-water port, hydroelectric power, and an airstrip with claims just 10 km from Cartwright, Labrador. Spanning 24,175 hectares, the Property covers all the Dykes River intrusive complex—an extensive (~160 km²) Mesoproterozoic layered mafic intrusion. Unique amongst Western exploration companies, SAGA controls its entire intrusive complex.

Grenville-age mafic layered intrusions of Québec and Labrador represent a significant but underdeveloped titanium–vanadium–iron resource province. These layered intrusions, emplaced during the Grenvillian orogeny, locally host thick oxide-rich cumulate zones dominated by titanomagnetite and hemo-ilmenite with accessory vanadium and phosphorus. Their scale and metallogenic affinity are directly comparable to major Fe–Ti–V deposits such as Lac Tio (Quebec), Panzhihua (China), Tellnes (Norway) and Bushveld (South Africa), which supply a major share of global TiO₂ feedstock and vanadium for steel alloys and emerging energy storage markets. The combination of large tonnage potential, favourable logistics, and critical mineral content positions the Grenville intrusions, such as Radar’s Dykes River complex, as strategic candidates for development in the context of growing North American demand for titanium, vanadium and high-quality iron.

Early geological mapping, government magnetic surveys and ground-based geophysics of the Radar property have identified oxide layering across more than 20 km of strike length, with mineralized zones remaining open for expansion. Vanadiferous titanomagnetite (‘VTM’) is the principal oxide and occurs as cumulate and intercumulus mineralization over large thicknesses of the Dykes River layered intrusion.

Figure 1: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Petrography, petrology and mineral chemistry of oxide-bearing rocks within the Hawkeye Zone

SAGA retained Dr. Allan Miller, Ph.D., to study a suite of selected intrusive rocks from several areas of the Radar property. Dr. Miller has extensive experience as a petrographer in the Superior and Grenville provinces, including 25 years with the Geological Survey of Canada as a Mineral Deposits Research Scientist responsible for regional-scale metallogeny, deposit-scale alteration studies and regional and detailed mapping in northern Canada.

Dr. A. Miller’s report investigated grab samples taken in 2024, from the area of Saga Metals completed maiden drill campaign earlier in 2025. The drill program included seven (7) diamond drill holes totaling approximately 2,200 metres drilled at the Hawkeye Zone. Drilling confirmed the presence of thick titanomagnetite-rich oxide layers containing titanium dioxide (TiO₂), vanadium pentoxide (V₂O₅), and iron (Fe), while preserving magmatic textures that are advantageous for downstream metallurgical recovery. Key drilling results include:

• HEZ-07: 20.2 metres grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅
• HEZ-07 (additional interval): 57.7 metres grading 27.09% Fe, 5.305% TiO₂, and 0.365% V₂O₅
• HEZ-01: 31.5 metres grading 25.95% Fe, 5.34% TiO₂, and 0.28% V₂O₅
• HEZ-04: 50 metres grading 24.49% Fe, 4.74% TiO₂, and 0.305% V₂O₅
• HEZ-05: 25 metres grading 19.92% Fe, 4.14% TiO₂, and 0.213% V₂O₅

Figure 2: 500m strike by 350m width magnetic anomaly drilled in winter 2025 program. (2024 Saga Metals. TMI Magnetic Survey).

Despite the clear identification of multiple intrusive and mineralizing events in the Dykes River complex, SAGA is focusing on a discrete intrusive horizon termed the Lower Cumulate Layer that was tested in the 2025 Winter drilling program.

Within the 600 m tested thickness of the layered gabbronorite, the chemistry delineates a very promising 300-400 m thickness, referred to as the Lower Cumulate Layer. The highest V2O5 assays are in the lower 100-200 m, coinciding with the highest-grade intervals of VTMs. The layer is comprised of interlayered gabbronorite and bands of semi-massive to massive VTM.

Drill holes R25-HEZ-01, -07, -04, and -05 intersect this Lower Cumulate Layer. Dr. A. Miller’s report highlights the petrography and the mineral composition of silicates and oxides from these targeted oxide layers explored during the 2024 surface exploration program and subsequently drilled in 2025. Those findings describe the Lower Cumulate Layer and a separate, undrilled magmatic layer, documenting at least two Ti-V-Fe magmatic pulses — a significant finding that implies a protracted mineralizing episode.

Hawkeye Zone – Significant Drill Instructions

Maximum VTM is based on about a minimum 10 m interval
All intervals are within the Lower Cumulate Layer

Table 1: Lower Cumulate Layer highlighting the length of VTM intersections.

The significant length-weighted averages at Hawkeye are in the range of 20 to 35% VTM. In other mafic layered intrusions, that tenor of mineralization lies within an economic range.

Dr. Al Miller’s report provides important metallurgical insights into the mineralization of the targeted oxide layers and will be used by metallurgists at IGS Laboratories (‘IGS’) as a precursor to metallurgical testing on the Hawkeye drill core. Petrographic and mineral analyses confirmed that the dominant oxide minerals host titanium and vanadium and the phases were found to preserve primary magmatic textures, a favorable attribute for metallurgical processing. The Company has coordinated the shipment of the previously assayed core samples to IGS for immediate metallurgical analysis complete with Davis Tube and Satmagan analytical methods.

Notably, vanadium was observed in solid solution within magnetite-titanomagnetite, presenting an opportunity for recovery of vanadium alongside titanium as a valuable by-product. The rare-earth element analysis demonstrated consistent mantle-derived magmatic evolution across the Hawkeye prospects, confirming the large-scale continuity of mineralization.

The report provides a detailed analysis of the petrography, ore microscopy, mineral chemistry, and petrogenetic framework of the Radar property’s oxide-bearing rocks. Petrographic and ore microscopy studies documented transitions from massive and semi-massive oxide layers into gabbronorite hosting intercumulus and interstitial oxides, highlighting the close interplay between silicate and oxide phases. Thin-section work revealed a spectrum of textures—from cumulate to intercumulus to interstitial—demonstrating that oxides crystallized both as primary cumulates and later interstitial phases. These textural relationships are critical, as they capture the progressive evolution of the intrusion and the multiple stages of oxide accumulation. Mineral chemistry data from electron microprobe analysis confirmed that titanium and vanadium contents varied between textural types, suggesting repeated injections of compositionally distinct silicate-immiscible oxide melts.

Exploration has also revealed new targets of considerable scale. Ground magnetic and VLF-EM surveys at the Trapper Zone identified a continuous three-kilometre magnetic anomaly with maxima reaching 115,498 nT, among the strongest signatures observed on the property. Excavator trenching at Trapper further exposed semi-massive to massive vanadiferous titanomagnetite cumulate over 504 square metres, providing physical confirmation of the subsurface oxide layering. Meanwhile, magnetic surveys in the Northwest Zone uncovered anomalies up to 55,000 nT in areas largely untested by drilling. Historic drill hole 97-1 in this area intersected multiple intervals exceeding 40% Fe₂O₃ and ~7% TiO₂, including a 10-metre interval with 75% magnetite, demonstrating the broader potential of the intrusive complex. To support these efforts, Saga has advanced logistical access by upgrading forestry roads and constructing a four-kilometre access trail linking the Hawkeye, Trapper, and Northwest Zones.

Figure 3: Radar Project’s Trapper Zone depicting a 3+ km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will support a new diamond drilling program.

Next Steps at the Radar Property

The combination of geological, drilling, and commencement of metallurgical studies positions SAGA to rapidly advance toward resource definition at the Radar Project. The company intends to pursue a 10,000–15,000 metre follow-up drill program focused on the 3.3 km Trapper Zone oxide layering strike, alongside expanded metallurgical testing to optimize titanium and vanadium recoveries. With robust infrastructure, thick oxide layering, and globally significant analogues such as China’s Panzhihua and Norway’s Tellnes deposits ^{1 & 2} , Saga believes Radar has the potential to emerge as one of North America’s most significant titanium-vanadium deposits.

‘The findings from this report have confirmed the oxide mineralogy and traced the distribution of titanium and vanadium within these minerals. These oxide horizons exhibit remarkable lateral continuity and share a consistent geochemical signature at a broad scale. These analyses provide exceptional insight into the composition of the oxide layering we are targeting providing key details to establish a targeted and efficient drill program in the Trapper Zone,’ stated Michael Garagan, CGO & Director of Saga Metals.

__________________

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 related to the Radar Ti-V-Fe Project 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 global transition to green energy. 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 minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

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 exploration of 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.

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