December 2025

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company advancing critical mineral discoveries, is pleased to announce the successful completion of the first phase of drilling in the Trapper Zone’s northern section (‘Trapper North’) including four drill holes over 1,073 m and has initiated phase 2 in the south (‘Trapper South’) including two drill holes over 445 m completed to date. Phase 1 and 2 drill holes have intercepted and confirmed extensive oxide mineralization over 1.5 km of the 3+ km strike within the Radar Project’s Trapper Zone.

Highlights

R-0008, -0009 and -0010 on Drill Section N-11 transected the magnetic anomaly and demonstrated a likely structural repetition of the cumulate oxide layers dominated by semi-massive to massive cumulate oxides, confirming the strong magnetic response.
R-0008: Comprising semi-massive to massive oxide mineralization, with a cumulative total of 156 m of core length.
R-0009: Over half the length of the hole intersected semi-massive to massive oxide layering, with a cumulative total of 165 m of core length.
R-0010: Was drilled off the same drill pad as R-0009 to test the NE limb of the fold. R-0010 contained a cumulative core intercept of 139.5 m of semi-massive to massive oxides, as well as 11.5 m of intercumulus oxide in 251 m of coring.
R-0011 : Intersected equal portions of semi-massive to massive cumulate oxides and intercumulus oxides. Importantly, the drilling encountered a separate unit of rhythmic banded oxide mineralization.
R-0012 & R-0013: Are the first two drill holes of the initial cross section in Trapper South and contains rhythmic oxide layering and further confirms oxide mineralization over 1.5 km of the 3+ km strike within the Trapper Zone.

Figure 1: Location of the Phase 1 and Phase 2 of Fall 2025 Drilling at Trapper Zone, showing the TMI of the 2025 Trapper Zone ground magnetic survey.

Figure 2: A Gladiator Driller crew member carefully places core from R-0013 into the core box at the drill in Trapper Zone.

Drill Hole Program Details

Phase 1 of drilling in the Trapper North Zone targets a strong magnetic anomaly delineated in the 2025 ground geophysical survey. The anomaly traces the shape of an apparent fold structure. Drilling fences are oriented to cross the fold structure at right angles, with drilling directions of mostly N038°E. A total of 1,073 m of drilling has been completed in four diamond drill holes. Phase 2 is focused on Trapper South and will concentrate on multiple fences through the magnetic anomalies. A total of 445 m has been completed in two diamond drill holes thus far.

Drilling is conducted with oriented drill core to provide definitive structural information. Dr. Boukare Tapsoba, of Cambria Geological Inc., is attending the first phase of drilling to establish robust protocols for documenting the magmatic layering, folding and mylonitic shearing.

R-0008 (Azimuth 38°, Dip -45°, EOH 272 m) , was collared in the SW limb of a large fold closure in gabbronorite in Trapper North. Over half the length of the hole passed through intervals of semi-massive to massive oxide mineralization, with a cumulative total of 156 m out of 272 m of core length.
R-0009 (Azimuth 38°, Dip -45°, EOH 299 m) , tested the remainder of the Trapper North fold structure. The drill hole was collared to intercept the NE limb of the fold and to complete the cross-section started with R-0008. Over half the length of the hole intersected semi-massive to massive oxide layering, with a cumulative total of 165 m out of 299 m of core length.
R-0010 (Azimuth 0°, Dip -45°, EOH 251 m) , was drilled off the same drill pad as R-0009 to verify the most appropriate angle for drilling the NE limb of the fold. Additionally, this hole provides a control for understanding the structural position of a mylonitic shear that occupies the fold’s axial plane. R-0010 contained a cumulative core intercept of 139.5 m of semi-massive to massive oxides, as well as 11.5 m of intercumulus oxide in 251 m of coring.
R-0011 (Azimuth 0°, Dip -45°, EOH 251 m), the fourth drill hole in Trapper North was a 100 m step out to the east from R-0009 & R-0010. The hole successfully demonstrated the continuity of the semi-massive to massive layering while also intersecting a unit of Rhythmic Magnetite layering, similar to the holes drilled in Hawkeye in Q1 of 2025. R-0011 intercepted a cumulative interval of 58.3 meters of semi-massive to massive oxide, 27.39 meters of intercumulus and 52.12 meters of rhythmic magnetite banding.

Drilling on Section N-11, in diamond drill holes R-0008, -0009, and -0010, demonstrated variations in the structural attitude that map an open anticline in the semi-massive to massive oxides. The exceptional thickness of the oxide units on Section N-11 is partly due to the structural repetition of the units. A mylonitic shear zone occupies the axial plane of the fold. Significantly, this drilling tested both the SW and NE limbs of the fold structure and was dominated by semi-massive to massive cumulate oxides, confirming the strong magnetic response. Assays are pending.

Figure 3: Cross-Section N-11 showing R-0008, -0009, -0010 and -0011 with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey.

Drill Core Sample Update

Saga Metals has successfully shipped the first 420 core samples from the Fall 2025 Drill Program. A close sample spacing of 0.5 to 1.0 m was used in the Hawkeye zone Q1 drill program of 2025. After reviewing the assay results on that zone, the team has reduced the sampling interval to 2.0 m.

The first 420 samples include 202 from the complete R-0008 drill hole and 218 from the complete R-0009 drill hole. These samples were shipped at the start of this week and are expected to arrive by the end of the week, with assay results available within 3 to 4 weeks.

Figure 4: R-0012 DDH at Trapper South with a full stack of core boxes ready for logging.

Figure 5: Geologists Boukare Tapsoba, Grace Mombourquette and Katie Ward in the core shack. Both the drillers and geologists have benefited from competent ‘stick’ rock, as seen in the core held up by Boukare Tapsoba.

Next Steps

Drill has successfully moved from Trapper North to Trapper South and has begun drilling a four-hole section across the linear magnetic anomalies with the zone. R-0012 and R-0013 are completed, and Gladiator Drilling has successfully moved the drill shack to the site of R-0014 with drilling already underway.

With the same concept of the first four holes in the North, drilling in the South will concentrate on multiple fences through the magnetic anomalies to allow Saga’s geological team to best understand and plan for the remainder of the mineral resource estimate drill program that will continue in Q1 of 2026.

‘Saga Metals Radar Project, Fall 2025 Drill Program is aggressively testing for the presence of, and continuity of layered magnetite mineralization that has been defined by their recent ground magnetic surveys. Their targeting of fold noses is logical, and their use of oriented core to define layering attitudes and facing directions will greatly aid their geological interpretation of these large, property-scale folded formations. Their early use of structural geological expertise is well thought out and will be of great value in the definition of this emerging layered mafic intrusive complex,’ commented Vernon Shein, former B2Gold Executive & Advisory Board Member of Saga Metals.

Drill Program Objectives:

The Phase 1 Trapper Zone drill campaign will target:

Grade continuity across a 3 km strike length.
Oxide layering widths and continuity to true depths of about 200 meters.
Integration of structural insights from trenching and drilling into collar orientation and drill design.
Initial drilling of ~2,000 meters in 8 holes, each averaging about 250 m in depth, will be completed before the December break.
Test both the North and South sections of the Trapper zone before the seasonal break to fully determine grades, widths and structures before initiating the detailed grid and drill sections in 2026 for a mineral resource estimate.
Drilling will be complemented by metallurgical sampling through the winter, with core from both the Hawkeye and Trapper zones undergoing detailed metallurgical testing.

Figure 6: Radar Project’s Trapper Zone depicting a 3+ km Total Magnetic Intensity (TMI) anomaly from the 2025 ground survey and the oxide layering trend. The Trapper Trail (in black) will be the target of the planned 15,000 m diamond drilling program aimed at establishing Saga’s maiden mineral resource estimation.

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 7: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .

Corporate Update

Additionally, further to SAGA’s news release dated May 27, 2025, where it announced the completion of the first tranche of a private placement of units (the ‘ May Placement ‘), the Company has paid additional cash finder’s fees in the amount of $1,659 and issued an additional 5,530 finder’s warrants. The total finder’s fees paid by the Company in connection with the first tranche of May Placement were $33,369.01 in cash and 114,146 finder’s warrants.

The Company also announces that further to its news release dated October 10, 2025 where it announced the completion of a private placement of units (the ‘ October Placement ‘), the Company has paid additional cash finder’s fees in the amount of $21,187.88 and issued an additional 77,546 finder’s warrants. The total finders fees paid by the Company in connection with the October Placement were $151,190.88 in cash and 555,750 finder’s warrants.

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 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 North American transition to supply security. 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 commodities crucial for the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

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 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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Investing

Rio Silver

Investor Insight

Rio Silver provides leveraged exposure to high-grade silver development through its Maria Norte project in one of Peru’s most productive mineral belts. With strong non-dilutive royalty income and milestone payments, the company offers meaningful upside with reduced dilution risk.

Overview

Rio Silver (TSXV:RYO,OTC:RYOOD) is a Canadian resource developer focused on advancing high-grade, silver‑dominant assets in Peru, one of the world’s most prolific and well‑established silver‑producing regions. With a deeply experienced in‑country technical and regulatory team, the company is positioned to execute a rapid, efficient development strategy centered on its flagship Maria Norte project and complemented by its recently acquired Santa Rita silver-lead-zinc project. Rio Silver continues to build value through a disciplined approach to acquisition, exploration and early‑stage development, supported by strong local relationships and a streamlined corporate structure.

Maria Norte property

The company also benefits from non‑dilutive financial strength through long‑term royalty income, milestone payments and equity interests tied to the sale of the Niñobamba project. Complementing its Peruvian portfolio, Rio Silver maintains a highly prospective critical metals asset in Ontario’s Ring of Fire, providing additional optionality and long‑term upside. Together, these assets reflect a balanced strategy aimed at near‑term development potential and sustained value creation.

Company Highlights

High-grade, silver‑dominant development focus centered on the Maria Norte project in Peru.
Strong insider alignment and seasoned management team with combined 150 years of discovery, mine development and operations history
Robust royalty and milestone income, including ~US$150,000/year in advanced royalty payments.
Strategic sale of Niñobamba delivering over US$2 million in milestones plus equity and a 2 percent NSR retained.
District‑scale expansion potential with additional silver targets under evaluation near Maria Norte.
Additional upside through a highly prospective critical‑metals project in Ontario’s Ring of Fire.
Newly acquired Santa Rita silver-lead-zinc project enhances district-scale synergies with Maria Norte, strengthening Rio Silver’s pure-play silver development strategy in Peru.

Key Project

Maria Norte Silver Project

The Maria Norte project is the company’s primary near-term development focus, located within the prolific Huachocolpa mining district – one of Peru’s most established silver-producing regions. Historically prepared for production and surrounded by multiple operating and past-producing polymetallic mines, Maria Norte benefits from excellent regional infrastructure, including two nearby processing plants within trucking distance.

A recent multidisciplinary site review conducted by Rio Silver’s in-country technical team confirmed strong mineralized structures, clear development sequencing, and a rapid execution pathway immediately upon regulatory approval of the acquisition. Preparations are underway for high-altitude camp construction, portal-access upgrades, and underground drift advancement along known gold-silver-lead-zinc structures. The company is also advancing explosives permitting and stakeholder access agreements, which continue to progress positively.

Maria Norte’s geology demonstrates significant high-grade potential, including historical sampling from the Castor vein system with values up to 16.5 grams per ton (g/t) gold and 1,128 g/t silver, alongside significant lead and zinc grades. The project lies on‑strike with nearby deposits supported by a positive preliminary economic assessment, reinforcing both grade continuity and development viability. Rio Silver is concurrently evaluating several additional silver-dominant targets within trucking distance, positioning Maria Norte as the foundation of a broader district-scale growth strategy.

Santa Rita Silver-Lead-Zinc Project

The Santa Rita project is a 570-hectare, high-grade carbonate-replacement (CRD) silver-lead-zinc system located within one of Central Peru’s most productive polymetallic belts, approximately 55 km from Rio Silver’s Maria Norte project. Acquired through a clean, closed-bid process granting full ownership with no underlying royalties, Santa Rita hosts more than 20 steeply dipping veins and multiple shallow-dipping mantos historically explored by previous operators. The project benefits from direct road access and proximity to producing mines and regional processing facilities, providing a cost-effective pathway for advancement. Metallurgical testing and field verification programs are underway as Rio Silver advances Santa Rita as a complementary asset to Maria Norte.

Niñobamba Silver-Gold Project (Optioned in 2025)

The Niñobamba project, located in Ayacucho, remains an important value contributor through milestone payments, equity ownership, and a 2 percent NSR royalty retained by Rio Silver. Historically, the project demonstrated significant silver and gold mineralization across its North and South zones. While now optioned, Niñobamba continues to enhance Rio Silver’s financial stability and long‑term upside.

Ring of Fire Critical Metals Project

Rio Silver also holds a prospective critical‑metals property in Ontario’s Ring of Fire, where airborne EM data identified one of the region’s strongest anomalies. Historical drilling and ongoing Indigenous engagement support its long‑term strategic potential.

Management Team

Chris Verrico – President, CEO and Director

Chris Verrico has extensive experience with rural-remote infrastructure construction and contract mining throughout BC, the Yukon, Alaska and Nunavut. He has been a director for a dozen startup junior mining companies, most of which have become public companies. Verrico has managed numerous exploration projects in North America, Mexico and throughout western South America. He is currently the director of Juggernaut Exploration.

Steve Brunelle – Chairman

Steve Brunelle is the former officer and director of Corner Bay Silver, which was acquired by Pan American Silver. He has 35 years of experience in mineral exploration throughout the Americas and is currently an Officer and Director for several TSXV companies.

Jim McCrea – Adviser

Jim McCrea has more than 30 years’ experience in exploration, mining geology and mineral resource estimation. McCrea has experience in a range of commodities, but primarily gold, silver and copper, with particular focus on North and South America. He has performed ore body modeling and resource estimation for the successfully targeted takeover company Cumberland Resources by Agnico-Eagle Mines. More recently, McCrea completed many mineral resource estimations underpinning acquisitions such as Minera San Cristóbal S.A. of Bolivia, Arena Minerals and Montan Mining, to mention a few.

Richard Mazur – Director

Richard Mazur is the co-founder and past managing director of RLG International, operating in over 30 countries worldwide with more than 300 employees.

Jeffrey J. Reeder – Advisor

Jeffrey J. Reeder, P. Geo., holds a B.Sc. (Honours) in Geology from the University of Alberta and has been a registered professional geologist with the Association of Professional Engineers and Geoscientists of British Columbia since 1992. With 25 years of experience working in Peru and fluency in Spanish, Reeder has played a key role in identifying and acquiring significant mineral projects, including the Aguila Copper-Moly deposit, which is now being developed by Mexican mining giant Industrias Peñoles, and the Pinaya copper-gold project, currently under exploration by Kaizen Discovery. Reeder is the president and CEO of Peruvian Metals, which operates a successful and expanding toll milling plant in northern Peru.

Eric H. Hinton – Advisor

Eric Hinton holds degrees from Haileybury School of Mines, Queen’s University, and Laurentian University and is a registered professional engineer in Ontario and Manitoba. A Fellow of the Canadian Institute of Mining, Metallurgy, and Petroleum, he is also designated as a Qualified Person (QP) in underground mining by the Mining and Metallurgical Society of America and is recognized as a QP under National Instrument 43-101.

Christopher Hopton – CFO and Advisor

Christopher Hopton is a seasoned financial management professional with 25 years of experience. He has led financial operations for resource and biotech companies across Canada and South America. Since 2019, Hopton has served as chief financial officer (CFO) of the company, bringing expertise in financial planning, accounting policy, and business process optimization. In addition to his current role as CFO at Rio Silver, Hopton previously served as CFO of Central Resources, a junior mineral exploration company. He also played a key role in the successful restructuring of 360 Networks, a network communications firm, which ultimately led to its strategic acquisition by Bell Canada.

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Investing

Nine Mile Metals Announces Completion of DDH WD-25-02 and Continues to Confirm (2) Zones of Copper Rich VMS Mineralization at the Wedge Project Drill Program

Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company’ or ‘Nine Mile’) is pleased to announce that the 2nd drill hole in its Wedge Western Extension Drill Program (DDH-WD-25-02) has been completed and is in progress on its 3RD hole (DDH-WD-25-02B).

DDH WD-25-02 was collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -50 degrees to intersect the first plate approximately 50 meters west of Hole WD-25-01, increasing the mineralized zone along strike, to the west. (Figure 3). The hole completed at 203m at depth.
DDH WD-25-02 was successful, intersecting massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au).
Massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au) were found associated with the contact breccia at 139m depth with a second zone of massive copper bearing sulphides (VMS — Cu-Pb-Zn-Ag-Au) intersected at 155 meters, having an approximate true width of 20 meters.
The sulphide mineralogy in WD-25-02 is readily visible, especially the massive copper mineralization, as shown in Figures 1 & 2. Chalcopyrite (CuFeS₂) occurs as masses, streaks and blebs while more local Pb-Zn mineralization is well banded with sphalerite (Zn) the dominant sulphide. Local bornite (Cu₅FeS₄) and Covellite (CuS) is visibly present, the bornite displays its characteristic ‘Purple Peacock Copper Bloom’ and Covellite its ‘Blue Copper’, as seen in Figure 1.
All drill core has been measured, logged, photographed, marked and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections have been identified for Base and Precious Metals analysis, including Antimony, for Actlabs, Fredericton, New Brunswick.

FIGURE 1: Visible Massive Copper Mineralization from Zone 1 & 2 (including Covellite (CuS) & Bornite (Cu₅FeS₄).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_nine%20mile%20figure%201.jpg

FIGURE 2: Visible Massive Copper Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_578ddd37b42d9a3c_005full.jpg

FIGURE 3: Modeled Plates and Drill Holes WD-25-01 and WD-25-02

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7335/276702_578ddd37b42d9a3c_006full.jpg

Gary Lohman, VP Exploration, Director, stated, ‘We are pleased with our technical preparation of this drill program and quality of our Lens targeting. The western extension of this deposit is robust and copper rich. Very positive to confirm the thickness of this plate intersection as we stepped approximately 50m west of DDH-WD-25-01. Our data modelling suggests a 3^rd potential Zone of mineralization which Mike Dufresne of Apex Geoscience is modeling and designing (2) potential Drill holes to test that prospective Zone from the western flank area, thus avoiding a sheer zone from the south. We look forward to moving to the Northwest area of this extension program.’

Patrick J. Cruickshank, MBA, CEO & Director, stated, ‘Once again, we have intersected quality mineralization at the desired Target Plates at DDH-25-02, as designed and set out by our Technical Team. The visible mineralization and copper rich sulphides is just spectacular. The presence of Bornite and Covellite is a strong indicator of the quality of this deposit. This western flank area is being confirmed as a rich Copper Lens, one hole at a time. We are on track to increase the Wedge Mine’s mineralized footprint to the west and at depth. The next drill hole in our campaign is DDH-WD-25-02B, which is underway and we look forward to sharing our next summary update shortly.’

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

X: @NineMileMetals
LinkedIn: Nine Mile Metals
Facebook: @ Nine Mile Metals

ON BEHALF OF Nine Mile Metals LTD.

‘Patrick J Cruickshank, MBA’
CEO and Director
T: +1.506-800-0581
E: info@ninemilemetals.com

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values, (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.com

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Business

Apple’s AI chief abruptly steps down

Apple’s top artificial intelligence executive is stepping down and will retire in 2026, the company announced Monday.

John Giannandrea had been at Apple since 2018, where his official title was senior vice president for machine learning and AI strategy.

He will be replaced by Amar Subramanya, who comes to Apple after a brief stint as corporate vice president of AI at Microsoft and more than a decade at Google.

Subramanya will report to one of CEO Tim Cook’s deputies, Craig Federighi, rather than to Cook directly, as Giannandrea had.

‘AI has long been central to Apple’s strategy, and we are pleased to welcome Amar to Craig’s leadership team and to bring his extraordinary AI expertise to Apple,’ Cook said Monday.

The abrupt change at a company known for its careful succession planning highlights Apple’s challenge as it tries to compete with top AI developers such as Google, ChatGPT owner OpenAI, Meta and Microsoft.

Earlier this year, Apple delayed the release of an upgraded version of Siri with AI powered features. At the time, it said it was going to ‘take us longer than we thought’ to develop the new version.

The company said it anticipated rolling out new features ‘in the coming year,’ but it has not offered any more specifics.

‘We’re making good progress on it, and, as we’ve shared, we expect to release it next year,’ Cook said on the company’s quarterly earnings call in late October.

“With Apple Intelligence, we’ve introduced dozens of new features that are powerful, intuitive, private and deeply integrated into the things people do every day,” Cook said on the Oct. 30 call

The company is targeting the spring to release the upgraded Siri, Bloomberg News recently reported.

When a user grants permission, Siri can tap into ChatGPT’s broad world knowledge and present an answer directly.Apple

While Apple’s iOS and macOS are integrated with ChatGPT, those features are somewhat limited.

In recent weeks, Apple has reportedly neared deals to integrate with Google’s Gemini, as well as AI models from Perplexity and Anthropic.

Apple introduced Apple Intelligence on June 10, 2024.Apple

Apple’s stock has also felt the effect of what some perceive to be its lagging AI services.

This year, Apple shares have returned 13%, which tops both Amazon and Microsoft. But shares of Oracle have popped 20%, Nvidia has surged 34%, and Google parent company Alphabet has soared 65%.

Still, Apple remains the world’s second-largest publicly traded company, with a market value of $4.2 trillion, behind only Nvidia.

Overall, the S&P 500 has risen almost 16% this year.

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Business

Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules and arbitrarily cut their hours, city officials announced Monday.

The company will also pay $3.4 million in civil penalties under the agreement with the city’s Department of Consumer and Worker Protection. It also agrees to comply with the city’s Fair Workweek law going forward.

A company spokeswoman said Starbucks is committed to operating responsibly and in compliance with all applicable local laws and regulations in every market where it does business, but also noted the complexities of the city’s law.

“This (law) is notoriously challenging to manage and this isn’t just a Starbucks issue, nearly every retailer in the city faces these roadblocks,” spokeswoman Jaci Anderson said.

Most of the affected employees who held hourly positions will receive $50 for each week worked from July 2021 through July 2024, the department said. Workers who experienced a violation after that may be eligible for compensation by filing a complaint with the department.

The $38.9 million settlement also guarantees employees laid off during recent store closings in the city will get the chance for reinstatement at other company locations.

The city began investigating in 2022 after receiving dozens of worker complaints against several Starbucks locations, and eventually expanded its investigation to the hundreds of stores in the city. The probe found most Starbucks employees never got regular schedules and the company routinely reduced employees’ hours by more than 15%, making it difficult for staffers to know their regular weekly earnings and plan other commitments, such as child care, education or other jobs.

The company also routinely denied workers the chance to pick up extra shifts, leaving them involuntarily in part-time status, according to the city.

Starbucks Workers United members and supporters picket outside a Starbucks in New York on Nov. 21.Michael Nagle / Bloomberg via Getty Images

The agreement with New York comes as Starbucks’ union continues a nationwide strike at dozens of locations that began last month. The number of affected stores and the strike’s impact remain in dispute by the two sides.

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Politics

Spec ops chief ordered deadly Caribbean strike ‘in self-defense’ with Hegseth’s sign-off, White House says

The White House confirmed and defended conducting a second strike against alleged drug smugglers in the Caribbean in September, amid the Trump administration’s crusade targeting the influx of drugs into the U.S.

The White House’s statement comes after the Washington Post reported Friday that Secretary of Defense Pete Hegseth verbally ordered that a Sept. 2 attack kill everyone on board the alleged drug boat, drawing scrutiny from lawmakers who are requesting additional oversight into the strikes. The Post reported that a second strike was conducted to take out the remaining survivors on the boat.

Although the Pentagon pushed back against the report, White House press secretary Karoline Leavitt did not deny that a second strike occurred and told reporters Monday that the strike Sept. 2 was conducted ‘in self-defense’ in international waters ‘in accordance with the law of armed conflict.’

The White House said Monday that Hegseth authorized the second strike, but the head of U.S. Special Operations Command, Adm. Frank ‘Mitch’ Bradley, ordered and directed it. At the time of the strike, Bradley was serving as the commander of Joint Special Operations Command, which falls under U.S. Special Operations Command.

‘On September 2nd, Secretary Hegseth authorized Admiral Bradley to conduct these kinetic strikes,’ Leavitt said. ‘Admiral Bradley worked well within his authority and the law, directing the engagement to ensure the boat was destroyed and the threat to the United States of America was eliminated.’

When asked to confirm that Bradley was the one who ordered the second strike, Leavitt said that he was ‘well within his authority to do so,’ but declined to disclose whether the second strike was ordered because there were survivors remaining from the first strike.

Leavitt also disputed that Hegseth ever gave an initial order to ensure that everyone on board was killed, when asked specifically about Hegseth’s instructions.

‘I would reject that the secretary of War ever said that,’ Leavitt said. ‘However, the president has made it quite clear that if narco-terrorists, again, are trafficking illegal drugs toward the United States, he has the authority to kill them.’

The White House’s statements on the matter don’t completely align with the Pentagon’s. On Friday, the Pentagon denied the Post’s reporting in its entirety.

‘We told the Washington Post that this entire narrative was false yesterday,’ Pentagon spokesperson Sean Parnell said in a post on social media Friday. ‘These people just fabricate anonymously sourced stories out of whole cloth. Fake News is the enemy of the people.’

The Pentagon did not immediately respond to a request for comment from Fox News Digital.

Meanwhile, the report has prompted lawmakers on both sides of the aisle to ask additional questions about the operations, and press for additional oversight.

‘This committee is committed to providing rigorous oversight of the Department of Defense’s military operations in the Caribbean,’ Reps. Mike Rogers, R-Ala., and Adam Smith, D-Wash., who lead the House Armed Services Committee, said in a statement on Saturday. ‘We take seriously the reports of follow-on strikes on boats alleged to be ferrying narcotics in the SOUTHCOM region and are taking bipartisan action to gather a full accounting of the operation in question.’

Spokespeople for the committee did not respond to a request for comment from Fox News Digital regarding the nature of these additional oversight efforts.

Additionally, the top Democrat on the Senate Foreign Relations Committee, Sen. Jeanne Shaheen, D-N.H., said Monday that she is calling for an investigation into the matter as well, and said that Hegseth ‘owes answers to the American people immediately.’

The Trump administration has carried out more than 20 strikes against alleged drug boats in Latin American waters, and has bolstered its military presence in the Caribbean to align with Trump’s goal to crack down on the influx of drugs into the U.S.

The White House also confirmed Monday that Trump is slated to hold a meeting on Monday evening to discuss future actions concerning Venezuela.

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Politics

Trump warns Honduras of ‘hell to pay’ if election count changes, presses officials to finish tally

President Donald Trump threw himself in the middle of Honduras’ razor-thin presidential race on Monday, warning that there would be ‘hell to pay’ if election officials altered the results.

Writing on Truth Social, Trump, without offering evidence, accused Honduras of ‘trying to change the results.’

‘If they do, there will be hell to pay! The people of Honduras voted in overwhelming numbers on November 30th,’ Trump said.

The president’s remarks came hours after Ana Paola Hall, president of the National Electoral Council, wrote on X that the preliminary rapid reporting system that began providing results Sunday night had reached its conclusion with votes 57% tallied.

Their count showed a close race between two conservative candidates, Nasry Asfura of the National Party and Salvador Nasralla of the Liberal Party, with Asfura holding a narrow lead of only a few hundred votes. Rixi Moncada, the democratic socialist LIBRE candidate, trailed roughly 20 percentage points behind.

‘It is imperative that the Commission finish counting the Votes,’ Trump wrote. ‘Hundreds of thousands of Hondurans must have their Votes counted. Democracy must prevail!’

Officials have said the count would continue but did not specify when updated totals would be released, and parts of the council’s online system appeared to have been taken down.

Just before the freeze, Trump had endorsed Asfura, calling him the ‘only Honduran candidate his administration would work with and saying he would fight ‘narco-communists’ alongside the U.S.

Both leading candidates have pointed to the close tally as evidence that they are ahead – though both men have stopped short of declaring victory.

Trump’s announcement that he would pardon former Honduran President Juan Orlando Hernández, who is now serving a 45-year U.S. sentence – also loomed large over the race, underscoring how U.S. politics can intrude in the country’s politics.

Trump’s latest warning injects new pressure into an already hostile post-election environment. The outcome will determine whether the Latin American country shifts away from the ruling LIBRE party and have deep impacts on its future relationship with Washington.

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Politics

High-stakes US push for Ukraine peace meets hard limits in Moscow

White House envoy Steve Witkoff is in Moscow is set to meet Russian President Vladimir Putin Tuesday after a whirlwind weekend of negotiations with Ukraine aimed at securing a peace deal.

All eyes are on Putin as Witkoff and Jared Kushner, President Donald Trump’s son-in-law and occasional foreign policy envoy, feel out whether Putin might agree to the 19-point proposal they finalized with Ukrainian counterparts following initial U.S.-Russian talks.

The latest round of diplomacy represents the most active push toward a potential settlement since the full-scale invasion in 2022, but negotiators acknowledge that significant obstacles remain. Core disputes over territory, Ukraine’s long-term security arrangements, and the conditions for any ceasefire are unresolved, and officials say progress will depend on whether Putin shows flexibility during this week’s meetings.

After an initial 28-point plan brokered by Witkoff and Russian envoy Kirill Dmitriev was viewed by Kyiv as too favorable to Moscow, U.S. and Ukrainian officials went back to the drawing board. They met in Geneva at the end of November to work through a trimmed-down version of the plan and again over the weekend in Florida to hammer out additional details.

Both sides said the talks were productive but offered no specifics on which issues still divide them.

‘So much work remains,’ Secretary of State Marco Rubio said after the meeting. ‘But today was again a very productive and useful session where I think additional progress was made.’

‘There’s a good chance we can make a deal,’ Trump said.

Despite the momentum, the two sides remain far apart. Several of the most sensitive issues were left for a meeting between principal leaders.

Russia insists Ukraine cannot join the North Atlantic Treaty Organization — even though Ukraine amended its constitution to make NATO membership a national objective. In the original 28-point plan, Russia also demanded Ukraine reduce its peacetime armed forces to 600,000.

European and Ukrainian officials instead floated an 800,000 cap, according to the Financial Times. Ukraine currently fields around 880,000 troops, up from about 209,000 before the 2022 invasion.

The largest impasse remains territorial concessions. A draft of the earlier proposal suggested recognizing Crimea and large parts of the Luhansk, Donetsk, Kherson and Zaporizhzhia regions as de facto Russian.

Complicating the process is the sudden removal of Ukrainian President Volodymyr Zelenskyy’s chief of staff and chief negotiator, Andriy Yermak, who resigned after a corruption probe led to a raid of his home. Yermak had publicly insisted days earlier that Ukraine would not give up land for peace.

‘Not a single sane person today would sign a document to give up territory,’ he told The Atlantic magazine.

Putin said at the end of November he was ready for ‘serious’ talks but also asserted that Russia has the upper hand and would halt fighting only if Ukrainian forces withdraw from territory it has recaptured on the front lines.

‘If they don’t withdraw, we will achieve this by force,’ he said.

Analysts say Washington still has levers it could use if negotiations stall, including tightening sanctions and expanding military assistance to Ukraine. But many of the most powerful economic measures — such as penalties on major Russian energy and financial entities — are already in place, and the U.S. has provided Ukraine with tens of billions of dollars in military aid since 2022.

That leaves a narrower set of options if the talks reach an impasse.

Trump has voiced frustration with the slow pace of diplomacy in recent days, saying publicly that he believed a resolution ‘should have happened a long time ago,’ though officials have not indicated that Washington is preparing to walk away from the talks.

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Politics

Trump highlights comments by ‘Obama sycophant’ Eric Holder, continues pressing Senate GOP to nix filibuster

President Donald Trump is continuing to advocate for the Senate GOP to nix the filibuster.

In a Monday Truth Social post, the president shared a video featuring clips of former Attorney General Eric Holder, who opined that if Democrats win a ‘trifecta’ in the 2028 elections, the prospect of expanding the Supreme Court should be under consideration.

Holder made the comment while speaking with Ben Meiselas, co-founder of MeidasTouch, which posted the video last month.

In the Monday Truth Social post, Trump referred to Holder, who served under Democratic President Barack Obama, as an ‘Obama sycophant’ and said that ‘Eric Holder (known as ‘FAST AND FURIOUS’) just gave a Speech where he emphatically stated, above all else, that Democrats will PACK the Supreme Court of the United States if they get the chance. The word is, he wants 21 Radical Left Activist Judges, not being satisfied with the heretofore 15 that they were seeking.’

Trump suggested that eliminating the filibuster would enable Republicans to win in the 2026 midterm elections and the 2028 White House contest.

‘It will be 21, they will destroy our Constitution, and there’s not a thing that the Republicans can do about it unless we TERMINATE THE FILIBUSTER, which will lead to an easy WIN of the Midterms, and an even easier WIN in the Presidential Election of 2028,’ he asserted.

‘Why would the Republicans even think about giving them this opportunity? The American People don’t want gridlock, they want their Leaders to GET THINGS DONE — TERMINATE THE FILIBUSTER, AND HAVE THE MOST SUCCESSFUL FOUR YEARS IN THE HISTORY OF OUR COUNTRY, BY FAR, WITH NOT EVEN THE HINT OF A SHUTDOWN OF OUR GREAT NATION ON JANUARY 30TH!’ Trump declared in the post.

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Politics

Justice Department considers pursuing new indictments against James Comey, Letitia James: report

In the wake of a federal judge’s moves last month to dismiss separate indictments against former FBI Director James Comey and New York Attorney General Letitia James, the Department of Justice is considering possibly pursuing new indictments against the two figures, according to Politico.

The outlet reported that two individuals familiar with the cases indicated that the DOJ is seriously thinking about refraining from appealing the dismissals and is instead seeking new indictments against Comey and James.

Fox News Digital reached out to the DOJ, which did not provide comment.

Last week, senior U.S. District Judge Cameron McGowan Currie dismissed indictments against Comey and James, asserting that the appointment of Lindsey Halligan as interim U.S. attorney violated the law and Constitution.

In Comey’s and James’ separate cases, the judge wrote that ‘because Ms. Halligan had no lawful authority to present the indictment, I will… dismiss the indictment without prejudice.’

Responding to the judge’s moves last week, White House press secretary Karoline Leavitt claimed the judge was attempting to ‘shield’ Comey and James from ‘accountability’ and said that the DOJ would appeal.

‘And it is our position that Lindsey Halligan is extremely qualified for this position, but more importantly, was legally appointed to it,’ she told reporters outside the White House.

‘We’ll be taking all available legal action, including an immediate appeal, to hold Letitia James and James Comey accountable for their unlawful conduct,’ U.S. Attorney General Pam Bondi said at a press conference last week.

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