SAGA Metals Kicks Off Drilling Campaign in Labrador: A Promising Uranium Play

SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) has initiated mobilization efforts for its maiden drill programs at both the 100% owned Double Mer Uranium and Radar Titanium-Vanadium (Ti-V) projects in Labrador, Canada. The Company's strategic decision to run back-to-back drill programs at both projects is aimed at maximizing cost-effectiveness and shareholder value. Gladiator Drilling Ltd will utilize one heli-portable diamond drill rig to complete the maiden drill programs, with the necessary NQ coring and survey tools.



The Company has received drill permits from the Newfoundland & Labrador government to commence drilling at the Double Mer Uranium project and Radar Titanium-Vanadium (Ti-V) project. Highlights heading into the drilling programs include:

* Maiden Drill Programs: Drilling is scheduled to commence in Q1 2025 with a minimum 1,500m program at both the Double Mer Uranium and Radar Titanium-Vanadium Projects.
* Double Mer Uranium Drilling Location: This drill program will systematically grid and evaluate the anomalies of the Luivik zone, providing comprehensive data on its uranium potential.
* Double Mer’s Luivik Zone Potential: The westernmost area of the 18km radiometric trend showcases potential for secondary fluid enrichment that can be conducive to uranium mineralization with 300m width and potentially a 1km strike containing samples up to 0.3692% U3O8.
* Radar Ti-V Drilling Location: The Hawkeye zone is the most advanced zone with both surface samples and detailed geophysics creating clear drill targets.
* Radar’s Hawkeye Zone Potential: Assays have returned consistent values between 2.5 - 11.1% TiO2 and 0.2 - 0.66% V2O5, confirming the presence of high-grade titanium & vanadium across a potential 1km wide and 4km long trend further confirmed with geophysics.

The Double Mer Uranium Project is SAGA's flagship project, covering 25,600 hectares in eastern-central Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. Leveraging significant historical exploration data, SAGA's exploration team validated key data and built upon the Company's understanding of the project's uranium potential. This work has refined the understanding of the uranium targets within the zone, specifically supporting the decision to initiate a 1500-2500m drill program at the Luivik zone.

SAGA sees the Double Mer Uranium Project as a promising addition to the significant uranium projects already established in Labrador's Central Mineral Belt (CMB), including Paladin Energy's Michelin and Atha Energy's CMB discovery. With encouraging surface samples and geophysical data, SAGA believes Double Mer could offer comparable large-tonnage uranium potential.

The upcoming drill programs aim to confirm uranium concentrations and initiate delineation of the zone's uranium resources. The strategic location of the Double Mer Uranium Project, near established infrastructure and other significant uranium projects, enhances its economic viability and exploration potential. The project's proximity to Happy Valley-Goose Bay provides access to essential infrastructure such as roads, utilities, and a regional airport, reducing exploration, development, and future operational costs. Additionally, the project's adjacency to other significant uranium projects allows for shared infrastructure, knowledge, and resources, further enhancing its economic viability and exploration potential.

In conclusion, SAGA Metals' maiden drill programs at the Double Mer Uranium and Radar Titanium-Vanadium projects present an exciting opportunity for investors seeking exposure to the growing uranium and critical mineral sectors. With a strategic location, encouraging historical exploration data, and a well-supported geological setting, the Double Mer Uranium Project has the potential to become a significant contributor to North America's critical mineral strategy. As the Company continues to execute its exploration plans, investors should closely monitor SAGA Metals' progress and consider the potential upside of its uranium and critical mineral projects.