SAGA Metals Announces Closing of Over-Subscribed $10.2 Million Non-Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - May 8, 2026) - SAGA Metals Corp. (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discoveries, announces that, further to its news release dated April 24, 2026, it has closed an over-subscribed financing by way of non-brokered private placement for aggregate gross proceeds of C$10,236,486.65 (the "Offering") comprised of 15,748,441 flow-through common share units of the Company (the "FT Units") at C$0.65 per FT Unit. "We are extremely pleased with the resounding success of this significantly oversubscribed financing," commented Mike Stier, Chief Executive Officer of SAGA Metals.