Mr. Simon Ridgway reports

RACKLA METALS ANNOUNCES $3.65 MILLION NON-BROKERED PRIVATE PLACEMENT

Rackla Metals Inc. proposes to complete a non-brokered private placement financing to raise gross proceeds of $3.65-million by the issuance of up to 10 million flow-through units at a price of 36.5 cents each. The offering has been structured to take advantage of the listed issuer financing exemption (LIFE), whereby common shares issued pursuant to the exemption will be freely tradable listed equity securities not subject to any hold period (see below).

Each flow-through unit will consist of one flow-through common share in the capital of the company that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one non-flow-through common share at an exercise price of 36.5 cents per warrant share for a period of 24 months following the closing of the offering.

The flow-through units to be issued under the offering will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions. The securities issued pursuant to the offering will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The gross proceeds from the sale of the flow-through shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures for the purposes of the tax act on or before Dec. 31, 2027. Such gross proceeds will be renounced in favour of the purchasers with an effective date of not later than Dec. 31, 2026, in an aggregate amount equal to the total amount of the gross proceeds from the sale of flow-through shares under the offering.

As further described in the offering document, management currently intends to use the proceeds of the offering for conducting exploration and drilling on the company's Lentung tungsten property located within the Tombstone gold belt in western Northwest Territories, Canada.

The company may pay a finder's fee for purchasers introduced to the company of 6 per cent cash and 6 per cent warrants, which will have the same terms as the offering warrants. The closing of the offering is subject to approval of the TSX Venture Exchange.

About Rackla Metals Inc.

Rackla Metals is a Vancouver-based junior exploration company focused on tungsten and rare earth minerals in the Tombstone gold-tungsten belt of eastern Yukon and western Northwest Territories, a region hosting world-class tungsten deposits.

We seek Safe Harbor.