Mr. Simon Ridgway reports

RACKLA METALS MOBILIZES CREWS TO COMMENCE THE 2025 EXPLORATION PROGRAM AT THE GRAD PROPERTY, NWT

Rackla Metals Inc. is mobilizing crews to commence the 2025 exploration program on the Grad property, located in the Tombstone gold belt of the Northwest Territories.

All the pieces are in place for a very exciting season:

• Fully financed, fully permitted 2025 field campaign will focus on 2024 Grad gold discovery;
• Grad is a reduced intrusion-related gold system exposed in a 400-metre vertical cliff face;
• A 2,000-metre maiden drill program will test the continuity of the gold mineralization at the BiTe zone, where channel at the base of the cliff has returned excellent gold results;
• A further plus or minus 2,000 metres will be drilled from the ridge top, following confirmation from sampling that the veins are gold bearing.

The Grad project is fully permitted for the coming 2025 exploration season and beyond. The company obtained a five-year, Type A land use permit from the Sahtu Land and Water Board in April, 2025, supporting the maiden drill program. The permit, with a potential for a two-year extension, allows Rackla to significantly advance exploration efforts, beginning with drilling at the BiTe zone -- a high-priority target showing early promise.

All contracts are in place to support the program. The Rackla team will be supported by Horizon Helicopters Inc., Tintina Air Inc., Minconsult Exploration Services, Kluane Diamond Drilling Ltd., AFD Petroleum Ltd., Trailblazer Expediting Inc., Twilite Services Ltd. and Selwyn Chihong Mining Ltd.

The 2025 program will include additional follow-up surface exploration at Grad and in the broader region with mountaineering geologists, excavator trenching and a 4,000-metre maiden drill program focused on the BiTe target.

Project description

The Grad property is located in the eastern portion of the Tombstone gold belt. The mineral claims defining the property were staked in July, 2024, when the land came open following more than a decade of land use planning. Prior to Rackla staking the claims, there was no history of exploration on the outcropping intrusion at the core of the property. The 2024 program was limited to 10 days on the property and consisted of prospecting, rock, stream sediment and talus-fine sampling, an airborne geophysical survey, and a photogrammetry survey. Rackla is exceedingly pleased with the results from the 2024 program.

The property is centred on the North Nahanni pluton, a Cretaceous-age, Mayo-suite felsic intrusion. The pluton measures 1.9 kilometres by 2.2 kilometres, popping up through the sediments, creating a sizable, intensely altered contact aureole expressed as hornfelsed and iron-stained gossanous sedimentary rocks surrounding the felsic intrusive body.

While conducting talus-fine sampling at the southern margin of the pluton, a broad quartz-sericite alteration zone was identified with intense quartz-tourmaline and quartz-sulphide veining in the intrusive. The intense veining has shattered the intrusive body to almost a schistose appearance. Results of the rock sampling returned significant gold grades, up to 92 grams per tonne gold, with many rock samples returning multigram gold. A continuous channel sample taken at the base of the cliff face returned 38 metres averaging 1.8 grams per tonne gold.

The gold mineralization is associated with bismuth, tellurium plus or minus tungsten, confirming that this is certainly a reduced intrusive-related gold system (RIRGS). Because of the anomalously high bismuth and tellurium associated with the gold, the discovery was named the BiTe zone.

The talus-fine sampling program identified a 550-metre interval that returned an average concentration of 1.06 grams per tonne gold; the core zone of this talus interval was a 180-metre interval averaging 3.68 grams per tonne gold.

Phase 1 drilling at the BiTe zone

Rackla will commence its phase 1 drill program at the BiTe zone at base of the cliff.

Phase 2 will include stepout drilling and drilling from the ridgetop if mapping and sampling results confirm the gold-bearing zone occurring continuously up the cliff face.

Regional exploration

The 2025 program will include an extensive regional surface exploration campaign to test several potential RIRGS targets in the area. The company has a regional exploration crew that will be conducting detailed stream sediment sampling, prospecting and rock sampling in the area that has been identified as being highly underexplored but exhibits tremendous potential for new discoveries.

Chief executive officer Simon Ridgway stated: "We are pleased to kick off the season, one of the most exciting times in Rackla's journey in the Tombstone belt. The crew is preparing the camp that will support our summer program, and we are getting all the supplies required to have a productive season. The snow at BiTe is clearing and we expect to start working on the ground at full capacity in the last week of June. Drilling is on schedule to start the first week of July.

"The company is well financed with a treasury of over $10-million following the recent exercise of 26,673,625 warrants with a strike price of 20 cents that were issued in our June, 2024, financing."

Rackla is working in consultation with the Sahtu communities and remains committed to maintaining the respectful, collaborative relationships the company has built in the area. As Rackla advances exploration at the Grad project, it will continue working closely with local stakeholders and regulatory agencies to ensure the company's activities create long-term value and reflect community priorities.

Qualified person

Scott Casselman, BSc, PGeo, vice-president, exploration, of the company, is a member of the Association of Professional Engineers and Geoscientists of British Columbia and is the company's qualified person as defined by National Instrument 43-101. Mr. Casselman has reviewed and approved the technical information contained in this news release.

About Rackla Metals Inc.

Rackla Metals is a junior gold exploration company based in Vancouver, Canada. The company is targeting reduced intrusion-related gold system mineralization on the southeastern part of the Tombstone gold belt in eastern Yukon and the western Northwest Territories. Management believes that this area, which is underexplored for RIRGS deposit types, has the potential to be the next frontier for the discovery of these large gold systems.

We seek Safe Harbor.