Mr. Simon Ridgway reports

RACKLA METALS REPORTS DRILLING HAS COMMENCED AT BITE AND PROVIDES INITIAL CORE OBSERVATIONS

Rackla Metals Inc.'s drilling has commenced at the BiTe zone on the Grad property in the Northwest Territories.

The Grad property was staked in July of 2024, and immediate prospecting defined strong gold mineralization at the base of the south-facing cliff. Further sampling in August identified significant sheeted veining hosted in the intrusive and that combined with the gold, bismuth and tellurium geochemistry made it clear that we had discovered a compelling reduced intrusion-related gold systems (RIRGS) occurrence that had never previously been identified or staked. A UAV-(unmanned aerial vehicle)-(drone)-based photogrammetric survey and airborne geophysical survey were conducted late in the 2024 season. The photogrammetry revealed that sheeted veining and alteration could be observed over a large area, both vertically and laterally outward from the initial discovery, known as the BiTe zone. A 4,000-metre diamond drill program has been initiated to test this gold system.

Three drill pads have been prepared at BiTe to test 300 m of the zone. A fourth pad has been located along strike of the vein system south of the first pad closer to the intrusive/sediment contact where subcrop sampling of the intrusive returned 1.8 grams per tonne Au. The drill holes are planned to depth between 200 and 500 m, testing the zone laterally with two holes per pad. Holes from pad B and pad D will test 85 and 100 m vertically below holes G25-001 and 002.

The first drill hole G25-001 has been drilled to 208 m and the second hole G25-002 is currently being drilled, current depth at 48 m. The core shows a consistent set of sheeted veining, with density averaging between five to 10 veins per metre, containing bismuth sulphides, chalcopyrite and pyrrhotite. Sections of strongly sericitized quartz diorite have been observed with 5 per cent disseminated bismuth sulphides.

To confirm vertical continuity of the gold-bearing system to the ridge top, 350 m above the drill, a team of mountaineering geologists are working on high-angle (rope supported) spot, chip and channel sampling. Their focus is to sample both vertically and across strike up to 150 m below the ridge top on both the south and north faces of the ridge. Work has commenced on the north face and distal to the core BiTe zone while the drilling is continuing at BiTe.

Permits and program supports

The Grad project is fully permitted for the 2025 exploration season. The company obtained a five-year, Type A land use permit from the Sahtu Land and Water Board in April of this year, with potential for a two-year extension. This 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, Tintina Air, Minconsult Exploration Services, Kluane Diamond Drilling, AFD Petroleum, Trailblazer Expediting, Smalls Expediting and Selwyn Chihong Mining Ltd.

Qualified person

Scott Casselman, BSc, PGeo, vice-president of exploration of the company, is a member of the Association of Professional Engineers and Geoscientists of British Columbia and the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists, 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 Vancouver, Canada-based, junior gold exploration company. The company is targeting reduced intrusion-related gold systems (RIRGS) mineralization on the southeastern part of the Tombstone gold belt in eastern Yukon and 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.