Mr. Simon Ridgway reports

RACKLA METALS IS PLEASED TO PROVIDE AN UPDATE ON WARRANT EXERCISES AND PROPERTY HOLDINGS IN THE NWT

Over 11 million warrants of Rackla Metals Inc., with an expiry date of Sept. 19, 2025, that were issued as part of the September, 2023, brokered private placement of flow-through and hard-cash units, have been exercised at 40 cents per share for proceeds to the company of just over $4.4-million.

The company has not yet received the drill results of the initial three holes completed at the Grad project. Rackla Metals was informed they would be received after Sept. 20, 2025, but the company is awaiting a firm date from the laboratory.

The company closed the season work program by increasing its land position within the Tombstone gold belt in the Northwest Territories. Several claim blocks were staked, focusing mainly on the areas with anomalous bismuth/tellurium in the drainages based upon regional exploration that the company completed. Also staked were areas that have previously been explored for tungsten, such as the Lened showing, a tungsten project located 45 kilometres directly south of the Grad property that saw significant drilling in the 1980s. The Lened property hosts a historic tungsten skarn resource estimated at 900,000 tonnes grading 1.0 per cent WO3 (tungsten trioxide) (not National Instrument 43-101 compliant).

Rackla staked an additional 15 mineral claims, expanding its landholdings from 7,525 hectares to 23,175 hectares, in the area of the O'Grady batholith. The Grad property was expanded from 5,525 hectares to 8,625 hectares and the Ogre property was expanded from 2,000 hectares to 5,750 hectares. The company added the Calypso property (one claim for 1,000 hectares) and the Lened property (seven claims for 7,800 hectares).

Rackla is working in consultation with the Sahtu Dene and Metis communities and remains committed to maintaining the respectful, collaborative relationships it has built with the Sahtu. As Rackla Metals advances exploration at its properties, 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, 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 NI 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.