SAGA Metals Closes on Title Transfer Agreement to Expand Wolverine Heavy Rare Earth Element Project in Labrador-Grab Sample Assays Included up to 21.6% TREO

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, is pleased to announce that, further to its news release dated April 16, 2026, it has received TSX Venture Exchange approval and closed on the title transfer agreement to acquire a 100% interest in three (3) contiguous mineral licenses comprising 54 mineral claims totalling approximately 1,350 hectares in Labrador (the "Property"). Wolverine REE Project Expansion Highlights: Seven (7) identified REE-bearing showings hosted in peralkaline pegmatites, documented through 39 surface grab samples.