Mr. Simon Ridgway reports

RACKLA METALS IS PLEASED TO PROVIDE A PROJECT UPDATE ON DRILLING AND OTHER DEVELOPMENTS AT THE GRAD PROPERTY, NWT

Drilling is progressing well at Rackla Metals Inc.'s Grad property. With a single drill rig on the property crews are averaging approximately 50 metres per shift with the rig turning 24/seven.

• The drill is presently on the fourth hole, G25-004, with a target depth of 400 metres;
• Two holes were drilled from pad A, G25-001 ended at 208 m and G25-002 ended at 330 m;
• One hole was drilled from pad C, G25-003 that ended at 422 m.

All holes drilled to date have shown a consistent set of sheeted quartz/sulphide plus tourmaline veins, with vein density averaging between five to 10 per metre and occasionally higher. The veins and vein margins contain bismuth sulphides, chalcopyrite and pyrrhotite. Sections of strongly sericitized quartz-diorite have been observed in all holes to date. These intensely altered sections exhibit less veining, but host disseminated bismuth sulphides. The first three holes have been logged and are currently being cut. The first shipment of drill core will be submitted to the lab today. Analyses are expected to take from three to four weeks.

Rock sampling from the base of the BiTe cliff, 100 metres to the west of the initial BiTe discovery channel returned five multigram gold samples of 14.40, 19.30, 17.65, 22.30 and 45.50 grams per tonne gold. Two of these samples were of strongly sericitized quartz-diorite with little veining, no visible gold, but with disseminated bismuth sulfides in the intrusive host. The other three samples were of veined granodiorite with bismuthinite on the vein margins. Continuous rock chip sampling is being completed through this area and along the western limit of the talus-fine anomaly that returned 550 m with an average concentration of 1.06 g/t gold.

Mapping and sampling are ongoing on the north and south faces of the upper reaches of the BiTe cliff with mountaineering geologists. Results of the initial sampling on the ridge top (16 by one m chips) have returned low gold values associated with quartz-arsenopyrite veins. Arsenopyrite-bearing quartz veins at Grad typically occur near the contact with the sedimentary rocks. These results are interpreted as an indication that the top of the ridge has only recently been unroofed and that very little of the intrusive has eroded, the full carapace of the intrusive is likely still intact.

The geologists are sampling at different levels on the cliff face to determine where the transition from arsenopyrite-bearing veins to bismuthinite-bearing veins occurs.

The company has contracted Minconsult Exploration Services to provide a certified Canadian avalanche and mountaineering professional to guide its mountain safety program. The terrain on the Grad property is extreme and the weather in the Rocky Mountains can be challenging. Rackla has relied heavily on the expertise of Minconsult to ensure the safety of all of the people working on the program including the geological and drilling crews.

Chief executive officer Simon Ridgway stated: "We are very pleased with the progress we have made to date and how rapidly we have been able to advance this target. The 2025 exploration season has presented some challenges including a late start due to a slow spring melt and a very wet start to the summer season, but our crews have been able to make significant progress. The planned 4,000 m drill program will test an area measuring 600 m by 350 m by 500 m with the goal of demonstrating continuity to the mineralized zone at the BiTe discovery.

"With success, the company plans to submit a permit application for an airstrip and camp on the property to support a much larger program in 2026."

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

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 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.