Mr. Simon Ridgway reports

RACKLA METALS PROVIDES UPDATE ON CONTINUING DRILLING AT GRAD PROPERTY, NWT

Rackla Metals Inc. is making good progress on its 2025 exploration program in western Northwest Territories, including the planned 4,000 drill program on the Grad property. As of Aug. 5, 2,058 metres have been drilled with five holes completed and hole G25-006 currently under way. With a single drill rig on the property, the company is averaging approximately 50 metres per shift (100 m per day) with the rig turning 24/seven.

• The drill is presently on hole G25-006 with a target depth of 500 m;
• 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;
• Two holes were drilled from Pad B, G25-004 ended at 416 m and G25-005 ended at 431 m.

In previous press releases, Rackla highlighted the findings from the first three holes completed (G25-001, 002, and 003) (see PR dated July 14, 2025, and July 28, 2025). Here the company discusses the observations from holes G25-004, 005 and 006 in progress.

All holes drilled to date have intersected a consistent set of sheeted quartz/sulphide plus tourmaline veins, with vein density averaging between five to 10 per metre and occasionally much higher. Holes G25-004 and 005 were drilled from the same drill pad, each with a 50-degree dip and azimuths of 90 degrees and 60 degrees, respectively. These holes were collared 75 m west of holes G25-001 and G25-002 and targeted recently mapped areas with strong quartz and quartz-tourmaline veining, along with 2025 surface sample results that returned five multigram gold samples of 14.40, 19.30, 17.65, 22.30 and 45.50 grams per tonne gold (see press release dated July 28, 2025). Hole G25-006 is a 135 m stepout to the west of holes G25-004 and 005, and is being drilled below G25-004. It targets the extension of the vein system mapped on surface and intersected in holes G25-004 and 005 and will test 215 m vertically below hole G25-004.

Completed holes G25-004 and 005 have been logged and are currently being cut with the expectation that the samples will be shipped to the lab at the end of this week. The first three holes are in the lab and analytical results expected in the coming weeks.

Diamond drill hole collar information

Rackla is pleased with the density of sheeted veining observed in all holes drilled so far and the bismuth content in the veins. Encouraged by the visual observations in holes G25-001, 002 and 003, the company has added another planned drill pad, Pad G to test the extension of the zone southeastward to the intrusive-sediment contact. Pad G will test the strike extent a further 85 m from hole G25-003.

Surface channel and continuous chip sampling at BiTe and on the north and south cliff faces above the BiTe showing continues.

Rackla was pleased to host renowned geologist Dr. Quinton Hennigh at the Grad project last week. Quinton offered insights into the similarities and differences between BiTe showing mineralization and other major projects in the Tombstone gold belt. The interview with Quinton has been uploaded to the company's Youtube channel.

Chief executive officer Simon Ridgway stated: "The persistent and robust sheeted quartz veining and abundance of key sulphide minerals like bismuthinite are encouraging. We are looking forward to the analytical results from the drill core coming in the next few weeks.

"We were particularly pleased to have Quinton visit the site and offer his feedback on our project, especially considering his knowledge of RIRGS deposits and the Tombstone gold belt."

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 the company's 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.