SAGA Metals Completes Acquisition of Wolverine Heavy Rare Earth Element Project in Labrador-REE Mineralized Potential Similar to Strange Lake and Tanbreez

SAGA Metals Corp. (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discoveries, is pleased to announce that, further to its news release dated April 14, 2026, it has closed the previously announced acquisition of all of the issued and outstanding shares of Catalyst Rare Metals Ltd. (" Catalyst "), which holds a 100% interest in the Wolverine rare earth element (" REE ") project (the " Wolverine REE Project "), a royalty-free, heavy rare earth project located near the coast of central Labrador, Canada (the " Acquisition "). The Acquisition was completed in accordance with a share purchase agreement (the " SPA ") dated April 13, 2026, among the Company, Catalyst, and each of the shareholders of Catalyst (collectively, the " Vendors "). Wolverine REE Project Highlights: The Wolverine REE project lies within the peralkaline Flower Lake Igneous Suite, an intrusive-volcanic complex that is part of the 1.28- to 1.13-billion-year-old Gardar rifting province, the latter hosts globally significant REE deposits: Tanbreez within the Ilímaussaq alkaline intrusive complex and Strange Lake within a peralkine granite. The project which includes a contiguous 29,450 hectares has district-scale potential, HREE enrichment, near-surface mineralization, and Tier-1 jurisdiction positions it as a potentially significant strategic REE asset. 2025 reverse circulation ("RC") drilling confirmed broad, near-surface REE mineralization across a 1.7 km × 1.2 km area hosted within a significant peralkine caldera system. 537 samples from the 2025 program returned consistent mineralization, supporting strong continuity across the drilled footprint. Key intercepts include: WOLRC25-003: 48.8 m @ 0.77% total rare earth oxides ("TREO*") from 1.5 m, including 18.3 m @ 1.06% TREO WOLRC25-006: 38.1 m @ 0.71% TREO from surface, including ...