Rackla Metals Receives Land Use Permit for Maiden Drill Program at the Grad Property, NWT

(TheNewswire)

Vancouver, BritishColumbia – TheNewswire - April 30, 2025 – Rackla Metals Inc. (TSX-V: RAK)(“Rackla” or the “Company”) is pleased to announce that it hasobtained a Type A Land Use Permit from the Sahtu Land and Water Board,supporting the maiden drill program at its Grad Project located withinthe Tombstone Gold Belt in the Northwest Territories.  The GradProject is now fully permitted and fully funded for the upcoming 2025exploration season.  The five-year permit, with a potential for atwo-year extension, allows Rackla to significantly advance explorationefforts, beginning with drilling at the BiTe Zone—a high prioritytarget showing early promise.

Simon Ridgway, Rackla CEO,commented: "We are grateful for the support and feedback wereceived throughout the permitting process with the various entitieswithin the Sahtu Land and Water Board.  Since staking Grad late inthe 2024 exploration season, and after only having spent 10 days onthe property to date, we’ve seen extremely compelling results. This speaks strongly to the potential of the extension of theTombstone Gold Belt within the Northwest Territories and we are eagerto drill test this project.”

Among the early findings on the Grad property is a550-metre talus-fine sample line that returned an average of 1.06 g/tAu.  The core zone of this talus sample was a 180-metre intervalaveraging 3.68 g/t Au.  The outcropping intrusive above this intervalexhibits strong sericite alteration and a continual channel sampletaken in the cliff face returned 38m averaging 1.8 g/t Au withassociated high bismuth and tellurium, typical for ReducedIntrusion-Related Gold System (RIRGS).

The Company is proud to work in partnership with theSahtu communities and remains committed to strengthening therespectful, collaborative relationships we’ve built in the area. As we advance exploration at the Grad Project, we will continueworking closely with local partners and regulatory agencies to ensureour activities create long-term value and reflect communitypriorities.

Phase 1 Drilling at the BiTeZone

Rackla will commence Phase 1 of the drill program atthe BiTe Zone at base of the cliff (see Figure 1).  Phase 2 willinclude step-out drilling and drilling from the ridgetop, if mappingand sampling results confirm the gold-bearing zone occurs continuouslyup the cliff face.

Figure 1. North Nahanni Pluton withBiTe Zone discovery.

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Project Description

The Grad Property is located in the eastern portion ofthe Tombstone Gold Belt.  The mineral claims defining the propertywere staked in July of 2024 when the land came open following morethan a decade of land use planning.  Prior to Rackla staking theclaims there was no history of exploration on the outcroppingintrusion at the core of the Property.  The 2024 program was limitedto 10 days on the property and consisted of prospecting, rock, streamsediment and talus-fine sampling, an airborne geophysical survey and aphotogrammetry survey. Rackla is exceedingly pleased with the resultsfrom the 2024 program.

The Grad Property is centered on the North NahanniPluton, a Cretaceous-age, Mayo Suite felsic intrusion.  The plutonmeasures 1.9 by 2.2 km popping up through the sediments, creating asizable, intensely altered contact aureole expressed as hornfelsed andiron-stained gossanous sedimentary rocks surrounding the felsicintrusive body.

While conducting talus-fine sampling at the southernmargin of the Pluton, a broad alteration zone was identified withintense quartz-tourmaline and quartz-sulfide veining in the intrusive. The intense veining has shattered the intrusive body to almost aschistose appearance. Results of the rock sampling returnedsignificant gold grades, up to 92 g/t Au, with many rock samplesreturning multi-gram gold.  The gold mineralization is associatedwith bismuth, tellurium +/- tungsten confirming that this is certainlya RIRGS.  Because of the anomalously high bismuth and telluriumassociated with the gold, the discovery was named the BiTeZone.

Figure 2. Photo of chip sample thataveraged 6.78 g/t Au, 3,520 ppm Bi, 218 ppm As, 94.7 ppm Te across 2m(note dark  quartz-tourmaline veins).

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Figure 3. Intense fracturing andquartz-tourmaline veining at the BiTe Zone.

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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@goldgroup.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, whether theCompany’s planned exploration work will proceed as planned; changesin general economic conditions and financial markets; the Company orany joint venture 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 . Alt hough the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated orintended.

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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