Mr. Riley Trimble reports

RACKLA METALS EXERCISES OPTION AGREEMENTS ON THE HIT PROJECT

Rackla Metals Inc. has exercised a previously announced exploration option transaction on the Hit project in the Yukon.

Hit property option agreement

The company has exercised its option to acquire a 100-per-cent interest, subject to a 2.5-per-cent net smelter return royalty, in the Hit property from Aben Resources Ltd. Pursuant to the Hit option agreement dated Sept. 28, 2022, Rackla has completed the following:

1. Paid $25,000 cash to Aben upon signing of the agreement;
2. Within 12 months of signing:
   • Paid an additional $25,000 in cash to Aben;
   • Issued 250,000 common shares of Rackla to Aben;
   • Incurred in excess of the minimum requirement of $100,000 in exploration expenditures on the Hit property.

The shares issued to Aben are subject to a resale restriction, which expires on Feb. 17, 2024.

Aben will be granted a 0.5-per-cent net smelter return royalty interest in the project.

About Aben Minerals Ltd.

Aben is a Canadian gold exploration company with exploration projects in the Yukon territory and British Columbia. The company's goal is to increase shareholder value through new discoveries and developing exploration projects in geopolitically favourable jurisdictions. The company has 18.7 million shares outstanding.

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