Saville Resources : Intersects 0.72% Nb2O5 over 20.4 m, including 1.20% Nb2O5 over 3.1 m, in first Drill Program at the Miranna Prospect, Niobium Claim Group Property, Quebec

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Saville Resources Intersects 0.72% Nb2O5 over 20.4 m, including 1.20% Nb2O5 over

3.1 m, in first Drill Program at the Miranna Prospect, Niobium Claim Group Property, Quebec

December 8, 2021 - Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the "Company" or "Saville") is pleased to announce sample assay results for the maiden drill holes (EC21-178,179, 180, and 181) completed at the Miranna Prospect as part of its 2021 diamond drill program at its Niobium Claim Group Property (the "Property"), located in northern Quebec. The 2021 drill program, completed in July, included seven (7) holes totalling 1,349 m split over two prospects - Mallard (681 m over 3 holes) and the Miranna Prospect (668 m over 4 holes). The results of the drill holes targeting the Mallard Prospect were announced November 1st, 2021, and include the best niobium intersection to date. The maiden drilling at Miranna followed and has also demonstrated the potential for >1% Nb2O5 mineralization at depth.

Core sample assay highlights at Miranna include:

• 20.4 m of 0.72% Nb2O5 and 5.7% P2O5 (EC21-180), including, o 3.1 m of 1.20% Nb2O5 and 7.6% P2O5, or
  o 4.6 m of 0.97% Nb2O5 and 6.4% P2O5

The four drill holes completed at Miranna are the first to date to test the Prospect and were scoping in nature. Each drill hole, ranging in depth from 140 m to 236 m, was designed to test a different area of the geophysical anomaly that defines the prospect - the north-northwest margin, east-northeast margin, and the anomaly centre - with the objective of identifying the most prospective area for follow-up. The Company is pleased to report that drill hole EC21-180 achieved this objective, returning significant mineralization downhole, including 1.20% Nb2O5 over 3.1 m within a larger interval of 0.72% Nb2O5 over

20.4 m. The potential of this area is further emphasized by the additional mineralization encountered from surface in drill hole EC21-180 at 0.61% Nb2O5 over 7.9 m. Core assay highlights for all four (4) Miranna holes are presented in Table 1 and Figure 1.

Mike Hodge, President and CEO of the Company commented: "It is a major milestone to have drilled our first holes at Miranna after significant groundwork to hone in on the interpreted bedrock source. This is a grassroots discovery developed by our field geologists over several years and we are excited to follow- up this near surface >1% Nb2O5 mineralized intersection. Coupled with Mallard located within 1 km to the south, the niobium potential of the area continues to impress"

Table 1: 2021 drill hole results for the Mallard and Miranna prospects

Prospect	Hole ID	From	To	Interval	Nb2O5	Ta2O5	P2O5	Comments
(m)	(m)	(m)	(%)	(ppm)	(%)
	EC21-175	3.5	13.0	9.5	0.75	163	10.3	Collared in mineralization
		106.5	148.8	42.3	0.82	153	8.7
	including	112.5	129.6	17.1	1.00	136	8.3
	or	115.5	120.6	5.1	1.39	148	12.0	1.73% Nb2O5 peak assay
	EC21-176	53.5	71.0	17.5	0.70	39	7.4	1.16% Nb2O5 peak assay
Mallard2	including	64.5	66.0	1.5	1.14	35	11.6
		104.9	117.2	12.4	0.84	186	11.3	1.19% Nb2O5 peak assay
	including	113.4	117.2	3.8	1.06	151	12.9
		140.1	148.0	7.9	0.78	203	4.5	1.30% Nb2O5 peak assay
	EC21-177	82.27	106.1	23.8	0.61	111	8.9
		131.7	161.4	29.7	0.61	251	6.8
	EC21-178	126.4	127.8	1.4	0.73	90	4.0
	EC21-179	78.4	84.1	5.6	0.58	28	3.5
		81.2	82.5	1.3	0.87	43	3.5
Miranna3	EC21-180	4.8	12.7	7.9	0.61	64	4.3	Collared in mineralization
	25.6	46.0	20.4	0.72	60	5.7
	including	25.6	28.7	3.1	1.20	59	7.6	1.54% Nb2O5 peak assay
	or	39.7	44.3	4.6	0.97	127	6.4
	EC21-181	72.1	75.3	3.1	0.51	10	4.4

(1) Analytical detection limit for Ta 2 O 5 is 0.002%.

(2) Intervals reported are core length. True width is not fully constrained; however, data indicates core length widths approximate 90%+ of true width. Drill holes are NQ core size, with approximate azimuth/dip of 230°/45°.

(3) Intervals reported are core length. True width is not known. Drill holes are NQ core size, with approximate azimuth/dip of 230°/65° for EC21-178 and 230°/45° for EC21-179, 180, and 181.

The high-grade mineralization encountered in EC21-180 is hosted within dark grey phoscorite to cream- grey phoscorite-calcite carbonatite units with minor to abundant magnetite and local dolomitization. This rock type and mineralogy is consistent with one of the common rock types present in the high-grade boulder train, in which the bedrock source is interpreted to be the Miranna geophysical anomaly (Figure 2).

The high-grade mineralization encountered in the 2021 Miranna and Mallard drill holes is present within 110 m of surface and is locally known to reach surface. Coupled with the presence of numerous high- grade, glacially dispersed boulders, suggests that open-pit extraction methods may be potentially applicable in a development scenario. By comparison, several of the more advanced niobium focused projects in North America are being developed using underground extraction scenarios due to significant amounts of overburden, including North America's only operating niobium mine - Niobec. Overburden thickness at Miranna and Mallard is less than 10 m.

The Company notes that it carried out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. The Company successfully navigated the process to enter Nunavik with authorization obtained to complete its planned field activities. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec. The Company is also pleased to report that no cases of COVID-19 were documented with respect to the 2021 exploration program.

Quality Assurance / Quality Control (QAQC)

A quality assurance / quality control protocol following industry best practices was incorporated into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 5%. Drill holes were sampled from top to bottom and shipped to Activation Laboratories in Ancaster, ON, for analysis.

Lab analysis included niobium, tantalum, and major oxides by X-ray fluorescence (package 8-Coltan XRF

• Major Oxides) and fluorine by Fusion Specific Ion Electrode-ISE (Code 4F-F). Standard drill core sample preparation was completed and comprised of crushing to 80% passing 10 mesh, followed by a 250 g riffle split and pulverizing to 95% passing 105 µ (package RX1).

Figure 1: 2021 drill assay highlights - Miranna Prospect

Figure 2: Miranna mineralized boulder train