RAK:CC - Rackla Metals is pleased to provide a project update on drilling and other developments at the Grad Property, NWT

(TheNewswire)

Vancouver, British Columbia – TheNewswire - July 28, 2025 – RacklaMetals Inc. (TSX-V: RAK) (the “Company”) is pleased to announcethat drilling is progressing well at the Grad property. With a singledrill rig on the property crews are averaging approximately 50m pershift with the rig turning 24/7.

• The drill is presently on the fourth hole, G25-004 witha target depth of 400m

• Two holes were drilled from Pad A, G25-001 ended at208m and G25-002 ended at 330m

• One hole was drilled from Pad C, G25-003 that ended at422m

All holes drilled to date have shown a consistent set of sheeted quartz/sulphide + tourmaline veins, with vein densityaveraging between 5 to 10 per metre and occasionally higher (Figure1). The veins and vein margins contain bismuth sulphides, chalcopyriteand pyrrhotite. Sections of strongly sericitized quartz-diorite havebeen observed in all holes to date. These intensely altered sectionsexhibit less veining, but host disseminated bismuthsulphides . The first three holes have beenlogged and are currently being cut. The first shipment of drill corewill be submitted to the lab today. Analyses are expected to take from3 to 4 weeks.

Figure 1. Map of the BiTe zone withthe trace of drill holes G25-001 to 004 and vein densitycounts.

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Diamond drill hole collarinformation.

Rock sampling from the base of the BiTe cliff, 100m tothe west of the initial BiTe discovery channel returned 5 multi-gramgold samples of 14.40, 19.30, 17.65, 22.30 and 45.50 g/t gold (Figure1).  Two of these samples were of strongly sericitized quartz-diorite with little veining, no visiblegold, but with disseminated bismuth sulfides in the intrusive host(Figure 2). The other three samples were ofveined granodiorite with bismuthinite on the vein margins. Continuousrock chip sampling is being completed through this area and along thewestern limit of the talus-fine anomaly that returned 550 m with anaverage concentration of 1.06 g/t gold.

Figure 2 –Examples of BiTe zonemineralization. A- Strongly altered quartz-diorite with disseminatedbismuthinite containing 22.3 g/t Au. B- Strongly alteredquartz-diorite with mm wide fracture hosting grey bismuth sulphidesand quartz-tourmaline vein containing 45.5 g/t Au.

Mapping and sampling are ongoing on the north and southfaces of the upper reaches of the BiTe cliff with mountaineeringgeologists (Figure 3).  Results of the initial sampling on the ridgetop (16x1m chips) have returned low gold values associated withquartz-arsenopyrite veins.  Arsenopyrite-bearing quartz veins at Gradtypically occur near the contact with the sedimentary rocks. Theseresults are interpreted as an indication that the top of the ridge hasonly recently been unroofed and that very little of the intrusive haseroded, the full carapace of the intrusive is likely stillintact.

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

Figure 3 – Photograph ofmountaineering geologists on the north side of the ridge at the GradProperty.

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The Company has contracted Minconsult ExplorationServices to provide a certified Canadian Avalanche and MountaineeringProfessional to guide its mountain safety program. The terrain on theGrad Property is extreme and the weather in the Rocky Mountains can bechallenging. Rackla has relied heavily on the expertise of Minconsultto ensure the safety of all of the people working on the programincluding the geological and drilling crews.

Figure 4. Map of completed diamonddrill holes and planned future holes as of July 28th

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CEO Simon Ridgway stated, “We are very pleased with the progresswe have made to date and how rapidly we have been able to advance thistarget. The 2025 exploration season has presented some challengesincluding a late start due to a slow spring melt and a very wet startto the summer season, but our crews have been able to make significantprogress. The planned 4,000m drill program will test an area measuring600 m x 350 m x 500 m with the goal of demonstrating continuity to themineralized zone at the BiTe discovery.

With success, the Company plans tosubmit a permit application for an airstrip and camp on the propertyto support a much larger program in 2026.”

Rackla is working in consultation with the Sahtucommunities and remains committed to maintaining the respectful,collaborative relationships we’ve built with the Sahtu Dene FirstNation. As we advance exploration at the Grad Project, we willcontinue working closely with local stakeholders and regulatoryagencies to ensure our activities create long-term value and reflectcommunity priorities.

Qualified Person

Scott Casselman, B.Sc., P.Geo., Vice-PresidentExploration of the Company, is a member of the Association ofProfessional Engineers and Geoscientists of British Columbia and isthe Company’s Qualified Person as defined by National Instrument43-101. Mr. Casselman has reviewed and approved the technicalinformation contained in this news release.

AboutRackla

Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canadabased junior gold exploration company.  The Company is targetingReduced Intrusion-Related Gold Systems (RIRGS) mineralization on thesoutheastern part of the Tombstone Gold Belt in eastern Yukon andwestern Northwest Territories.  Management believes that this area,which is underexplored for RIRGS deposit types, has the potential tobe the next frontier for the discovery of these large goldsystems.

ON BEHALF OF THE BOARD

Simon Ridgway,
CEO and Director

Tel: (604) 8 01-5432; Fax: (604)662-8829
Email: info@racklametals.com
Website: www.racklametals.com

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this news release.

Forward-Looking Information

Certain statements contained in thisnews release constitute forward-looking statements within the meaningof Canadian securities legislation. All statements included herein,other than statements of historical fact, are forward- lookingstatements and include, without limitation, the Company’s futureexploration activities; and general business and economic conditions.Often, but not always, these forward looking statements can beidentified by the use of words such as “estimate”,“estimates”, “estimated”, “potential”, “open”,“future”, “assumed”, “projected”, “used”,“detailed”, “has been”, “gain”, “upgraded”,“offset”, “limited”, “contained”, “reflecting”,“containing”, “remaining”, “to be”, “periodically”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negativevariations.

Forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause the actual results, performance or achievements of the Companyto be materially different from any results, performance orachievements expressed or implied by forward-looking statements. Suchuncertainties and factors include, among others, changes in generaleconomic conditions and financial markets; the Company or any jointventure partner not having the financial ability to meet itsexploration and development goals; risks associated with the resultsof exploration and development activities, estimation of mineralresources and the geology, grade and continuity of mineral deposits;unanticipated costs and expenses; and such other risks detailed fromtime to time in the Company’s quarterly and annual filings withsecurities regulators and available under the Company’s profile onSEDAR+ at www.sedarplus.ca .Although the Company has attempted to identify important factors thatcould cause actual actions, events or results to differ materiallyfrom those described in forward-looking statements, there may be otherfactors that cause actions, events or results to differ from thoseanticipated, estimated or intended.

Forward-looking statements containedherein are based on the assumptions, beliefs, expectations andopinions of management, including but not limited to: that theCompany’s stated goals and planned exploration activities at itsproperties will be achieved; that there will be no material adversechange affecting the Company, its properties or its securities; andsuch other assumptions as set out herein. Forward-looking statementsare made as of the date hereof and the Company disclaims anyobligation to update any forward-looking statements, whether as aresult of new information, future events or results or otherwise,except as required by law. There can be no assurance thatforward-looking statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.

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