Mr. Simon Ridgway reports

2025 DRILL PROGRAM COMPLETED ON THE BITE SHOWING AND NEW GOLD DISCOVERY REPORTED AT MANTA

Rackla Metals Inc. has completed the 2025 drill program at the BiTe showing on the Grad property. Additionally, the company reports that it has made a new discovery from surface sampling on the Manta intrusion, two kilometres south of the BiTe showing.

Rackla has also been informed by the lab that results from the first three drill holes will not be completed until after Sept. 21, 2025.

Highlights:

• The final two drill holes (G25-009 and G25-010) were drilled on the southern margin of the intrusion and encountered impressive alteration zones and abundant sheeted veining.
• Sheeted veining and bismuth sulphide/telluride mineralization have been observed in all holes drilled in the program.
• Core samples from all holes have been delivered to the lab and the company still awaits the analytical results.
• The first rock samples collected in the vicinity of the Manta intrusive have returned several multigram gold results associated with sheeted veining and bismuth mineralization.

The drill program at the BiTe showing was completed on Sept. 4, 2025, and the drill crew has demobilized for the season. In 2025, 10 holes were completed for a total of 4,486 metres. The drill program tested an area measuring 600 metres by 360 metres by 550 metres.

The area tested has demonstrated a consistent set of sheeted quartz/sulphide plus tourmaline veins with three dominant vein orientations. A broad zone with intense quartz and quartz-tourmaline veining and elevated bismuth content was intersected at the top of holes G25-004 and G25-005. This zone has been intersected in holes G25-006, G25-007, G25-009 and G25-010. The zone shows good continuity and appears robust with increasing strength and width as the intercepts get deeper.

Sampling of quartz-arsenopyrite veins on the ridge top and high on the north face of the intrusive have returned low gold values. Little work has been done below the uppermost reaches of this face. Sampling on the west and east ridges has observed quartz veining with bismuth sulphides/tellurides. Results from this sampling are pending.

Two thousand twenty-six will see a focus of drilling from the ridge top, testing the core of the Grad intrusive. Several areas have been identified where pads can be established. The company had planned to drill this area from Pad E in 2025; however, it has determined to delay this hole until 2026 due to inclement weather and the related safety hazards.

The last two holes, G25-009 and G25-010, tested the intrusive-sediment contact area and each intersected an intensely altered interval of silica-sericite-chlorite alteration with abundant disseminated bismuthinite mineralization. A variety of vein and mineralization types were encountered in hole G25-009. The hole was collared in sediments and continued in sediments until 127.14 metres. A few narrow intrusive dikes cut the sediments and were well altered and mineralized with bismuthinite. The sediments were also well veined with quartz-carbonate veins, occasionally containing a white-blue bismuth alloy mineral. Farther down the hole, sheeted quartz veins were observed to contain abundant bismuthinite and chalcopyrite.

Hole G25-010 tested the sediment-intrusive contact at the southwestern edge of the BiTe zone and was a significant stepout. The top of the hole down to 218 metres had relatively low vein density count, but, from 218 metres to 452 metres, the vein density was some of the highest observed to date, averaging 24 veins per metre. Importantly, the veins within this interval contained abundant bismuth minerals.

All samples from the drilling have been sent to the lab. Rackla has not received any drill sample analytical results as of this press release; however, the company does expect the initial results within the coming weeks and a steady flow of results following that.

New discovery -- Manta intrusion

The company would also like to report a significant new surface discovery at a previously unmapped intrusion which the company has named the Manta intrusion.

The Manta intrusion is within the Grad property, two kilometres south of the BiTe showing, and was discovered by Rackla crews during reconnaissance prospecting in 2024. Prior to discovery, the intrusion was not identified on government maps.

This year's surface sampling has shown that the intrusion is multiphase, with the main portion being megacrystic granodiorite measuring 1.2 kilometres by 0.7 kilometre. The intrusion has a large contact aureole with hornfelsing of quartzite and development of a skarn horizon approximately 30 metres thick. The skarn horizon is a complex unit composed of calc-silicate, diopside, garnet and quartz.

Mineralization at Manta consists of three main types: quartz-plus-or-minus-carbonate veins; disseminated and veined pyrrhotite, pyrite and bismuthinite; and disseminated sulphides in quartz-porphyry dikes. The quartz-plus-or-minus-carbonate veins are from one centimetre to 20 centimetres wide and contain bismuthinite. These are hosted in the quartzite and skarn. Surface sampling of these veins in 2025 has returned grades of 52.1, 11.8, 8.4 and 5.7 grams per tonne gold from grab samples.

The disseminated and veined pyrrhotite, pyrite and bismuthinite are restricted to the skarn unit on the western edge of the intrusion with locally massive sulphide lenses in the five-to-10-centimetre range. A 1.0-metre composite chip sample from this area returned 48.3 g/t Au.

A grab sample of disseminate sulphides in quartz-porphyry dikes with quartz-sericite-pyrite alteration has returned 2.25 g/t Au.

The preliminary observations of the mineralization styles and these sampling results indicate that the Manta intrusion is another reduced intrusion-related gold system target with skarnification of the contact sediments. A follow-up program is presently under way consisting of channel sampling and detailed mapping of the prospect.

Rackla is working in consultation with the Sahtu Dene and Metis communities and remains committed to maintaining the respectful, collaborative relationships the company has built with the Sahtu. 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 (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.