Saga Metals sells North Wind iron ore project to Orion for 4,000,000 shares, 2% royalty

• Saga Metals executed a property sale agreement to sell the North Wind iron ore project in Labrador to private explorer Orion Iron Ore.
• Consideration includes 4,000,000 Orion common shares, a board seat for CEO Mike Stier, and a 2% gross overriding royalty.
• Orion can repurchase 1% of the royalty for $500,000 before commercial production, or for $1.5 million after year four but before production.
• North Wind spans 6,375 hectares near Schefferville, Quebec, with a 2013 historical NI 43-101 resource estimate referenced by the vendor.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Saga Metals Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608050200NEWSFILECNPR____20260805_308080_1) on August 05, 2026, and is solely responsible for the information contained therein.