Rackla Provides Grad Project and Regional Exploration Update

(TheNewswire)

Vancouver, British Columbia – TheNewswire - October 21, 2025– Rackla Metals Inc. (TSX-V: RAK) (the “Company”) has recentlyreported assay results from the first three drill holes of its 2025campaign on the Grad Property (see release dated October 6, 2025).Holes G25-001, 002 and 003 tested below the high-grade BiTe showing,discovered in August 2024. Results from these holes failed to showcontinuity to the mineralization discovered in the outcroppingintrusive.  The Company is working on interpretations to understandwhy these holes did not intersect similar mineralization to thatobserved on surface.

The target at Grad is a large, altered, and intenselyveined intrusive that measures approximately 2 km in diameter andforms the core of a very steep mountain. The drill program was themaiden drill program on the property and tested a small portion of theintrusive. While these initial results are disappointing, there areresults yet to come from 7 holes representing 3,518 m of the 4,489 mprogram. Rackla has contacted the lab on several occasions and beentold that the results for the remaining drill core samples are stillweeks away.  The lab did say that it has been a tremendously busyexploration season, that they are backlogged on sample processing andcannot give us an exact date when the core will be finalized, or inwhich sequence the sample batches will be processed.  Therefore, theCompany has made the decision to receive the analysis for theremaining seven holes only when they have all been completed.  Weestimate that will be early November.

In the interim, Rackla has been receiving streamsediment, soil and rock results from the regional exploration programcompleted in 2025. During this program the Company collected over 500rock samples, 1400 soil samples and 140 stream sediment samples. Thereare 2 batches of stream sediment samples and 4 batches of rock andtrench samples outstanding. However, results to date clearly show a number of new discoveries in the region, whichare described below. These early-stage discoveries are encouraging andthe Company is planning follow-up programs in 2026.

Manta Showing

The Manta Showing was discovered 1.5 km south of theBiTe Showing and is in the Grad claim group. Manta occurs as apreviously unmapped Cretaceous intrusion. In 2025, the Companyconducted prospecting and talus-fine sampling around the intrusion.The talus-fine sampling returned samples with gold values up to 0.56ppm Au and associated bismuth, tellurium and arsenic. Rock sampleresults from the western margin of the intrusion returned a couple ofsamples greater than 1 ounce of gold per ton (31.1 g/t, Figure 1). TheCompany followed up in this area with trenching late in the season andthese results are pending.

Figure 1 – Manta Showing RockSample Gold Results.

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Ogre Property

The Ogre target is located 10 km north of the GradProperty. It occurs on the southeastern margin of the large,Cretaceous, O’Grady Batholith. In 2025, Rackla conducted streamsediment sampling, talus fine sampling, heavy mineral concentrate(HMC) sampling (ie. gold panning), prospecting and established a 2.5 x2.5 km soil grid.  The gold panning was conducted in an area whereNWT government collected a HMC sample with 27 grains of gold in asingle sample. This area was labeled the 27 Grains Target. Racklafollowed up on this work by panning above and below the governmentsample, and along a 500 m stretch of the stream, observed visible goldgrain counts from 1 to 3 grains per pan. These results prompted theCompany to establish a soil sample grid over this area. The soilsampling program identified a 1.5 km long coincident Au-Bi-Te-Asanomaly (see Figure 2).

Figure 2 – 27 Grains Target soilgeochemical gold results.

North of the 27 Grains Target, the program identifiedan 800 m long, coincident gold-bismuth-arsenic soil anomaly in theO’Grady Batholith, west of the projection of the 27 Grains structure(Figure 3). Rock samples collected on the Ogre property show aparticularly strong correlation with tellurium. This anomaly remainsto be followed up in 2026.

Figure 3 – 27 Grains / Ogretalus-fine and rock sample gold results.

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Calypso Property

The Calypso Property was staked 17 km west of the Gradproperty and is located on the southwestern margin of the O’GradyBatholith. The property is another grassroots discovery by theCompany, following up on a government regional geochemical survey thatidentified gold and bismuth anomalies.  While conducting talussampling along the break in slope of the cliff, Rackla geologistsidentified sulphide-bearing sheeted quartz veins in the intrusive.Rock samples collected from this veining have returned over 10 g/t Auwith high bismuth and tellurium values.

Figure 4 – Calypso Propertytalus-fine and rock sample results.

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Lened Property

Upon completion of Land Use Planning in the SahtuRegion, the ground that hosts the Lened tungsten deposit was re-openedfor staking. Tungsten mineralization was first discovered at Lened in1960 and from 1977 to 1982 an intensive exploration program wasconducted by Union Carbide Exploration Ltd. Thishistoric work included over 23,000 m of diamond drilling and much ofthe core remains on the property. A historic resource of 0.9 M tonnesgrading 1.0% WO 3 wascalculated for the deposit (not NI 43-101 compliant). Rackla recognized the value of the historic work andsignificance of this tungsten resource and staked claims to cover thedeposit. The historic work was focused ontungsten and rarely was any analysis for gold undertaken. The Companyalso believes there could be significant gold potential on theproperty. Rackla plans to compile the historic data into a digitalformat over the winter of 2025-26 to unlock the potential of the LenedProperty.

The Company has a solid financial position going forward with $10 M inthe bank and is well positioned to capitalize on the 2025 discoveriesmade in this portion of western Northwest Territories.

Rackla is working in consultation with the Sahtu Deneand Métis communities and remains committed to maintaining therespectful, collaborative relationships we’ve built with the Sahtu.As we advance exploration at our properties, we will continue workingclosely with local stakeholders and regulatory agencies to ensure ouractivities create long-term value and reflect communitypriorities.

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.

About Rackla

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 pending assay resultsfrom the Company’s 2025 drilling program; 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 explorationresults will be as anticipated; changes in general economic conditionsand financial markets; the Company or any joint venture partner nothaving the financial ability to meet its exploration and developmentgoals; risks associated with the results of exploration anddevelopment activities, estimation of mineral resources and thegeology, grade and continuity of mineral deposits; unanticipated costsand expenses; and such other risks detailed from time to time in theCompany’s quarterly and annual filings with securities regulatorsand available under the Company’s profile on SEDAR+ at www.sedarplus.ca . Although the Company has attempted to identifyimportant factors that could cause actual actions, events or resultsto 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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