(TheNewswire)

Vancouver, British Columbia TheNewswire – December 18, 2025 Juggernaut Exploration Ltd (JUGR.V) (OTCPK: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’) is pleased to report that it has appointed Manuele (Lele) Lazzarotto, Ph.D., as President and Chief Operating Officer (COO).

Mr. Lazzarotto has over a decade of experience in the mineral exploration industry, taking projects from inception to defined deposits. He has extensive experience in volcanogenic massive sulphide deposits and gold systems in Canada. Most recently, Mr. Lazzarotto has acted as Chief Geologist, instrumental in the discovery of Goliath Resources’ Surebet Discovery from 2019 to 2025. He holds a BSc and an MSc in Earth Sciences from ETH Zurich, Switzerland, and a PhD in Metamorphic Petrology from the University of Calgary, Canada.

Dan Stuart, CEO of Juggernaut Exploration, states: ‘Having Manuele (Lele) Lazzarotto, with his proven track record of success, including Goliath’s Surebet and Juggernaut’s Big One discovery, will help unlock long-term value for our shareholders.’ Juggernaut is preparing to launch its fully funded ~10,000-meter program at its Big One property.

Manuele Lazzarotto, President and COO of Juggernaut Exploration, states: ‘It is an honor to join Juggernaut Exploration as President and COO as the Company embarks on its inaugural drill program on the high-grade gold Big One discovery. With its high-grade gold and silver grades from hundreds of veins exposed on surface for up to 1 km and hosted within shear zones that are up to 50 m wide, the Big One discovery clearly demonstrates exceptional potential at depth. I look forward to working with the entire team to successfully execute our inaugural drill program, a critical step toward realizing the significant value this asset holds, and unlocking the full value for our shareholders and local stakeholders.’

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are located in globally recognized geological settings and in geopolitically stable jurisdictions, making them amenable to mining in Canada. Juggernaut is a member and active supporter of CASERM, a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact:

Juggernaut Exploration Ltd.

Dan Stuart

Chief Executive Officer, Director

Tel: (604)-559-8028

www.juggernautexploration.com

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OF THIS RELEASE.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

Disclaimer

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2025 TheNewswire – All rights reserved.

(TheNewswire)

Vancouver, Canada, December 18, 2025 TheNewswire – Spartan Metals Corp. (‘Spartan’ or the ‘Company’) (TSX-V: W | OTCQB: SPRMF | FSE: J03) is pleased to announce assay results from the drilling program at the Tungstonia Tailings deposit, which is part of the company’s 100% owned Eagle Tungsten-Silver-Rubidium Project (‘Eagle’ or ‘Project’) in eastern Nevada. The program consisted of 34 ~6.4-centimeter (2.5 inch) holes at approximate 12 meter (m) spacing totaling ~67 (m) comprising 133 samples with an average depth of near 2 m aligned with pre-drilling estimates of the tailings thickness.

Highlights:

• Grades consistent with 2024 surface samples with weighted averages (based on sample weights) as follows: 

  • Tungsten grades of 0.13% WO 

  • Silver grades of 10.6 g/t 

  • Rubidium grades of 626 ppm 

• Relatively consistent grades encountered in all holes with notable highlights: 

* – holes were drilled in feet and converted to meters, intervals may not sum due to rounding.

** – tungsten was assayed as W ppm, converted W%, and then to WO3% using 1.261 conversion factor

Brett Marsh, Spartan’s President and CEO, states, ‘These positive assay results support our belief that the legacy Tungstonia tailings can be an important part of Spartan’s current objectives and could potentially contribute to the US tungsten and rubidium supply chain. We anticipate receiving metallurgical results from this program within the next couple of months that will help us better understand the economic potential we have in our readily accessible tailings and waste rock.’

Rebecca Ball, Spartan’s Vice President of Exploration, states, ‘Coming from a military family, I believe it is crucial to have a strong domestic critical metal supply chain. These tungsten and rubidium results may provide a new nationally significant presence of critical defense metals and potentially bring us closer to helping the US onshore it’s critical metal sources and decrease our reliance on foreign imports. I respect our military service members, and I am proud to be able to potentially help provide the US with resources that contribute to the security of those who serve and protect the USA.’

34 holes (Figures 1 to 3) were advanced vertically into the legacy tailings using a truck mounted auto hammer equipped hollow stem auger rig – the auger was not required because the coarse sand sized tail material is well compacted and the auto hammer advanced well and returned high quality samples. Each hole was advanced through the entirety of the tailings until native ground was encountered. Recovery was excellent at near 100% for all collected samples, representative images are shown in Figures 4 to 6. Samples were collected at 0.46 m (1.5 ft) and 0.61 m (2 ft) intervals from surface using 6.4-centimeter (2.5-inch) California split spoon tube sampler equipped with sand catcher. The full sample was placed into 11’x17′ Nano-Por Geological sample bags, sealed, and delivered to American Assay Lab (AAL) in Reno, Nevada for assay with representative material saved in chip trays for preservation. Field duplicates were obtained by splitting the sample into two equal portions and following the same procedures as full samples.

Sample intervals are considered true thicknesses as the tails were deposited horizontally and internal layering observed in the samples was effectively perpendicular to the vertical sample direction.

Significance of Assay Results

The weighted average tungsten results of 0.13% WO3 from all 133 samples is near cutoff for currently operating mines with the Almonty, Sangdong mine cutoff in South Korea reported at 0.15% WO3 (1). If the 0.15% WO3 cutoff from Sangdong – an underground mine – is applied, the weighted average of the 41 resulting samples is 0.20% WO3. The potential addition of silver and rubidium credits makes these results very encouraging and since the tailings have already been mined, transported, and processed, it is likely that a potential economic cutoff could be closer to the average of 0.13% WO3 obtained from the weighted average of all samples in this program.

Next Steps

Spartan will continue execution of the entire Phase 1 of the recommended work program from Spartan’s July 31, 2025, NI 43-101 Technical Report which is the characterization of the Tungstonia tailings that will be focused on metallurgical analysis, definition the overall geometry for tonnage calculations, 3D modeling, quantitative assessment, resource estimation, and economic evaluation to definitively determine economic viability and associated cutoff grades and there is no guarantee of economic viability.

Two holes drilled as twins of Tails-2519 and Tails-2527 were sampled in their entirety and delivered to McClelland Labs, Reno, Nevada for geological and metallurgical testing. The analyses are intended to identify the minerals that host tungsten and rubidium and understand recoverability using gravity and various leaching scenarios and will include:

• QEMSCAN mineralogical identification, 

• Whole rock geochemical analysis, 

• Acid leach tests (Rb and W), 

• Sulfide flotation tests (Ag potentially in galena), 

• Mica flotation for Rb, 

• Detailed gravity concentration testing. 

Spartan is currently developing the geometry and 3D models to be used as input for the initial resource estimate and economic evaluation with anticipated completion in early 2026.

Click Image To View Full Size

Figure 1 Plan map of Tungstonia Tailings drill holes.

Click Image To View Full Size

Figure 2 A – A’ cross section through tailings showing tungsten (drill traces) and silver (line graph) grades.

Click Image To View Full Size

Figure 3 B – B’ long section showing tungsten (drill traces) and silver (line graph) grades.

Click Image To View Full Size

Figure 4 Sample from hole Tails-2526 from 1.52 m – 1.98 m. Note excellent recovery and prevalence of sulphide minerals that contained 0.42 % WO3, 123 g/t Ag, 182 ppm Rb, 1044 ppm Bi, 0.67% Pb, and 0.12% Zn

Click Image To View Full Size

Figure 5 Sample from hole Tails-2512 from 0 m to 1.46 m. Note excellent recovery from surface with typical brownish orange color. Interval contains 0.28% WO3, 7.2 g/t Ag, and 654 ppm Rb.

Click Image To View Full Size

Figure 6 Sample from hole Tails-2522 from 0.46 m to 0.91 m. Note excellent recovery comprised of coarse sand and fine clay. Interval contains 0.14% WO3, 8.0 g/t Ag, and 1,186 ppm Rb

QA/QC Procedures

Samples were submitted to American Assay Lab (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry standard-prep methods and analyzed using method IM-4AB61 (61 element suite: 0.5g 4-acid plus boric acid hot block, ICP-OES+MS) plus IM-4ABEx ICP-MS for over limit Rb and G-FAAuAg – 30g gravimetric fire assay for overlimit Ag. AAL undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Spartan’s QAQC includes regular insertion of CRM standards, duplicates, and blanks with a stringent review of results completed by the Company’s Qualified Person, Brett R. Marsh, President and CEO of Spartan Metals.

About The Eagle Project

The Eagle Project presents a unique opportunity to delineate one of the largest and highest-grade Tungsten (‘W’) and Rubidium (‘Rb’) districts in the United States. The Project consists of the past-producing high-grade Tungstonia and Rees/Antelope tungsten (W-Cu-Ag) mines. Operations at these mines were from 1915 to 1942 with intermittent small-scale production occurring until 1956. Tungsten production from these two mines totaled 8,379 units at grades between 0.6%-0.9% WO3 (2).

The Project is ~36.5 km² in size and located approximately 120 kilometers northeast of the town of Ely, in the Kern Mountains of White Pine County, Nevada. The Project covers 9,033 acres consisting of 445 Bureau of Land Management (BLM) unpatented lode mining claims. 

Three deposit types are present at Eagle; Porphyry, Skarn, and Carbonate Replacement (CRD) that contain significant or anomalous grades of Tungsten (W), Silver (Ag), and Rubidium (Rb) plus Cu-Sb±Au-Pb-Zn-Bi-As across three project focus areas that also includes the potential to recover W-Rb-Ag from the legacy Tungstonia Mill Tailings.

1. (2)Nevada Bureau of Mines and Geology (1988), Bulletin 105 p213-217 

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of one of the highest-grade historic tungsten resources in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com  

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.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 press release

Forward Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Copyright (c) 2025 TheNewswire – All rights reserved.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that Homerun Energy SRL, a 100% owned subsidiary of Homerun Resources has been officially recognised as a Key Innovator by the European Commission’s Innovation Radar for its contribution to a high-impact innovation developed within the E.T.COMPACT project, funded under the Horizon Europe programme.

The innovation, titled ‘NIR-Optimized Flexible CIGS Modules for Propellant Less Solar Propulsion System,’ has been analysed by the Innovation Radar and assessed as:

• Market Maturity: Business Ready
• Market Creation Potential: High

These results highlight the innovation’s strong commercial readiness and its potential to open new markets, particularly in energy applications.

Homerun Energy played a central role in the development of this technology and has been identified by the European Commission as a Key Innovator, recognising the company’s technical leadership and contribution to transforming cutting-edge research into market-ready solutions.

‘This recognition by the European Commission’s Innovation Radar is an important milestone for Homerun Energy,’ said Luca Sorbello, CEO of Homerun Energy. ‘It confirms not only the technological maturity of the perovskite photovoltaic solutions developed within E.T.COMPACT, but also its strong potential to reach the market and create real impact. We are proud to contribute to a European project that advances innovation in sustainable energies.’

The Innovation Radar is a European Commission initiative designed to identify high-potential innovations and innovators emerging from EU-funded research projects, helping bridge the gap between research, industry, and market deployment. Through its participation in E.T.COMPACT, Homerun Energy continues to strengthen its position as an innovative company at the forefront of advanced energy contributing to Europe’s strategic autonomy and technological leadership.

About E.T.COMPACT

E.T.COMPACT is an EU-funded EIC Pathfinder project (2024-2027) developing a compact, propellant-less in-space propulsion and energy system based on electrodynamic tether technology powered by solar energy. The project aims to demonstrate a novel photovoltaic tether that can simultaneously generate power and provide propulsion, enabling more sustainable and cost-effective space missions. It is based on advanced thin-film photovoltaic technologies, including tandem PVK/CIGS solar cells, optimised for space applications with high efficiency, low mass, and high power-to-weight ratios.

For more information, please visit:
www.homerunenergy.com or https://etpack.eu/e-t-compact/

HOMERUN CLOSES $3M PRIVATE PLACEMENT FINANCING WITH TSXV APPROVAL

Further to Homerun’s July 24, 2025, September 22, 2025, October 6, 2025, and December 12, 2025 news releases, the Company has received final approval from the TSX Venture Exchange (the ‘Exchange’) and has now closed $1.00 unit (‘Unit’) private placement financing (the ‘Financing’), for total aggregate gross proceeds of $3,128,384.

The Company has issued a total of 3,128,384 Units, each Unit consisting of one common share of the Company and one common share purchase warrant (the ‘Warrants’), the warrants being exercisable for an additional common share of the Company at an exercise price of CA$1.30 for 24 months. The Warrants will be subject to the right of the Company to accelerate the exercise period of the warrants if shares of the company close at or above CA$2 for a period of 10 consecutive trading days.

Proceeds from the financing will be used for project payments, continuing development of the Company’s projects and general working capital. In connection with the Financing and on receipt of Exchange approval, the Company will pay cash finder’s fees of $31,150 and issue 31,150 Non-Transferable Broker Warrants. All securities issued pursuant to the Financing are subject to a four-month and one-day hold period.

About Homerun Energy (www.homerunenergy.com)

Homerun Energy is a 100% owned subsidiary of Homerun Resources Inc. and is a forward-looking clean energy technology company focused on accelerating the global transition to sustainable energy. The company develops and delivers advanced energy solutions – including high-efficiency Perovskite solar systems, battery storage technologies, smart EV charging infrastructure, and AI-driven energy management platforms – tailored for commercial and industrial (B2B) markets.

Driven by a mission to combine innovation, sustainability and practical energy transformation, the company integrates hardware, software and advanced materials to optimize energy generation, storage and use, helping businesses reduce costs and environmental impact.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

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/278500

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

Stallion Uranium Corp. (the ‘Company’ or ‘Stallion’) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce that, further to its news release dated December 12, 2025, it has increased its non-brokered private placement to gross proceeds of up to $ 6,013,250, consisting of flow-through shares of the Company to be issued as a ‘flow-through share’ within the meaning of the Income Tax Act (Canada) (each, a ‘FT Share’) at a price of $0.45 per FT Share (the ‘Offering’).

The gross proceeds from the FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through critical mineral mining expenditures’ as such terms are defined in the Income Tax Act (Canada) (the ‘Qualifying Expenditures‘) related to the Company’s uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares effective December 31, 2025.

The Offering is subject to TSX Venture Exchange approval. All securities to be distributed under the Offering will be subject to a hold period of four months and one day following the closing date of the Offering.

The Company may pay finders fees in connection with the Offering, in accordance with the policies of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Stallion Uranium Corp.:

Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones. With a commitment to responsible exploration and cutting-edge technology such as the use of the proprietary Haystack TI technology, Stallion is positioned to play a key role in the future of clean energy.

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com.

On Behalf of the Board of Stallion Uranium Corp.:

Matthew Schwab
CEO and Director

Corporate Office:
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

T: 604-551-2360
info@stallionuranium.com

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.

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.

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 full logging of all eight drill holes completed in the Trapper zone and confirms shipping three additional holes to IGS’s lab for analysis.

Additionally, important new structural data in Trapper South’s R-0014 have been identified, providing valuable insights into the two major magnetic anomalies. This initial phase of drilling for a mineral resource estimate focused on the Trapper North and Trapper South zones, which yielded extensive oxide mineralization and significant structural insights.

Drilling and Sampling Highlights

• Total Trapper Zone drilling: 2,050 meters across the Trapper North and South zones.
• Phases 1 & 2 have confirmed extensive oxide mineralization in all drill locations, validating the 3 km ground magnetic anomaly within the Trapper zone.
• Completion of these initial phases of the 2025-2026 mineral resource estimate drill program has further validated about 16 km of the regional aeromagnetic high trend that extends from the Hawkeye zone to the Trapper North zone.
• 5 of 8 drill holes have been sent for assaying: Samples from drill holes R-0010 (174 samples), R-0011 (158 samples), and R-0013 (141 samples) – totalling 473 samples – have been shipped to IGS in Montreal for analysis.
• Ongoing Sampling: The team is operating on night and day shifts to complete sampling of the remaining holes (R-0012, R-0014, and R-0015) before the December break.
• Projected Total Samples: Upon completion of the final shipment of the remaining three drill holes, a total of 1,313 samples will have been securely shipped for assaying.
• Assay Turnaround: IGS has estimated a 3- to 4-week processing time once samples arrive at the lab. SAGA confirms the first two holes of the maiden resource estimate drill program arrived on December 10, 2025.

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.

Geological Findings in Trapper South: Understanding Key Structural Data

The logging and sampling of holes R-0014 and R-0015 have concluded the interception of impressive rhythmic magnetite layering across the second of the two major magnetic anomalies in Trapper South, herein described as the Western Anomaly intersections:

• R-0014: cumulated intersections of 69.54 meters of oxide layering.
• R-0015: cumulated intersections of 146 meters of tightly banded rhythmic oxide layering sequences.

The cross-section of Trapper South has provided vital structural information for the southern half of the property and insights into the regional structural geometry. Analysis suggests that the two anomalies (East and West) were initially connected but have since been separated by a combination of folding and faulting, specifically a left-lateral strike-slip reverse fault.

Figure 2: Outlines a left-lateral, strike-slip reverse fault. The hanging wall (East anomaly) is offset primarily relative to the (West) Footwall. The map shows analogs of the geometric pattern observed in the core in both R-0015 and R-0014. Similar offsets were also viewed in both R-0013 and R-0012.

Drilling on Section S11 has defined structural geometry, enabling more efficient future drilling. Hole R-0014 proved particularly informative, confirming the presence of reverse faults. This has enhanced the team’s understanding of the structural geometry of the Trapper South anomaly, the genesis of the Dykes River intrusion, and the historical connectivity between the two limbs.

On the surface in Trapper South, the first-pass cross-section (Section S11) across the width of the anomalies has defined two linear trends and discrete sets of oxide layering sequences:

• Western anomaly: Striking 1.4 km with a width of approximately 150 m.
• Eastern anomaly: Striking 700 m with a width of approximately 150 m.

Figure 3: Cross-Section S-11 showing R-0012, -0013, -0014 and -0015 with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Additional targets lie SW of the collar of R-0015.

Saga Metals Completes Phase 2 of Major Drill Program at the Radar – Status:

• Testing of both the North and South sections of the Trapper zone, with initial drilling of 2,050 meters in 8 holes, has been completed as planned before the December break.
• Confirmation of extensive oxide mineralization at all drill locations validates the entire 3+ km strike length within the Trapper zone.

Pending Technical Work

The team will await assay results to complete a comprehensive interpretation, which will inform initial drilling plans for early Q1 2026. These findings underscore the potential of the Radar Project and position Saga Metals for continued advancement in critical minerals exploration.

Drilling has been complemented by metallurgical sampling through the winter, with core from the Hawkeye zone (results expected in the coming weeks), and further metallurgical sampling and testing will continue with core from the Trapper zone starting in Q1 2026.

‘We are thrilled with the success of our major drill program to date at the Radar Project. This first phase has exceeded expectations, confirming extensive oxide mineralization across significant intercepts. The structural interpretations from Trapper South are particularly exciting, as they reveal that the southern anomalies were once fully connected, offering profound insights into the geological evolution of the area and enhancing our strategy for drilling in the New Year.’ – Michael Garagan, CGO & Director of Saga Metals.

Figure 4: Gladiator Drilling’s excavator and drill shack on site in the Trapper Zone.

Drill Program Objectives:

Phase 1 and 2 in Q4 2025 collected important structural, geometric, and mineralogical data in both the North and South Trapper zones and will inform the design of SAGA’s robust 2026 maiden resource estimate.

The next Trapper Zone drill campaign will target:

• Grade continuity across a 3 km strike length.
• Oxide layering widths and continuity to about 200 meters below the surface.
• Integration of structural interpretations from trenching and drilling with the design of diamond drilling programs.
• Sufficient geological correlations and drilling density to support a mineral resource estimate at the Indicated level of confidence.

Figure 5: 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.

About Radar Property

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 6: Radar Project’s prospective oxide layering zone validated over ~16 km strike length through Fall 2025 drilling, 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:

Further to the Company’s October 10, 2025, news release, the Company has increased the maximum marketing budget of its engagement with 1123963 B.C. Ltd. d.b.a. Capitaliz by an additional CAD $200,000 pursuant to the existing marketing services agreement. The additional budget will be used for continued corporate marketing and investor awareness services. The services are expected to continue in accordance with the existing agreement until budget exhaustion. No securities have been issued as compensation.

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 and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. 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 spanning key commodities critical to 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 and other corporate initiatives, including market awareness contracts. 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.

Photos accompanying this announcement are available at:

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