Rackla Metals Provides Project Update on Drilling and Other Developments at the Grad Property, NWT

Vancouver, British Columbia – TheNewswire - July 28, 2025 – Rackla Metals Inc. (TSX-V: RAK) (the “Company”) is pleased to announce that drilling is progressing well at the Grad property. With a single drill rig on the property crews are averaging approximately 50m per shift with the rig turning 24/7.

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

• Two holes were drilled from Pad A, G25-001 ended at 208m and G25-002 ended at 330m 

• One hole was drilled from Pad C, G25-003 that ended at 422m 

All holes drilled to date have shown a consistent set of sheeted quartz/sulphide+tourmaline veins, with vein density averaging between 5 to 10 per metre and occasionally higher (Figure 1). The veins and vein margins contain bismuth sulphides, chalcopyrite and pyrrhotite. Sections of strongly sericitized quartz-diorite have been observed in all holes to date. These intensely altered sections exhibit less veining, but host disseminated bismuth sulphides. The first three holes have been logged and are currently being cut. The first shipment of drill core will be submitted to the lab today. Analyses are expected to take from 3 to 4 weeks.

Figure 1. Map of the BiTe zone with the trace of drill holes G25-001 to 004 and vein density counts.

Diamond drill hole collar information.

Rock sampling from the base of the BiTe cliff, 100m to the west of the initial BiTe discovery channel returned 5 multi-gram gold samples of 14.40, 19.30, 17.65, 22.30 and 45.50 g/t gold (Figure 1).  Two of these samples were of strongly sericitized quartz-diorite with little veining, no visible gold, but with disseminated bismuth sulfides in the intrusive host (Figure 2). The other three samples were of veined granodiorite with bismuthinite on the vein margins. Continuous rock chip sampling is being completed through this area and along the western limit of the talus-fine anomaly that returned 550 m with an average concentration of 1.06 g/t gold.

Figure 2 –Examples of BiTe zone mineralization. A- Strongly altered quartz-diorite with disseminated bismuthinite containing 22.3 g/t Au. B- Strongly altered quartz-diorite with mm wide fracture hosting grey bismuth sulphides and quartz-tourmaline vein containing 45.5 g/t Au.

Mapping and sampling are ongoing on the north and south faces of the upper reaches of the BiTe cliff with mountaineering geologists (Figure 3).  Results of the initial sampling on the ridge top (16x1m chips) have returned low gold values associated with quartz-arsenopyrite veins.  Arsenopyrite-bearing quartz veins at Grad typically occur near the contact with the sedimentary rocks. These results are interpreted as an indication that the top of the ridge has only recently been unroofed and that very little of the intrusive has eroded, the full carapace of the intrusive is likely still intact.

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

Figure 3 – Photograph of mountaineering geologists on the north side of the ridge at the Grad Property.

The Company has contracted Minconsult Exploration Services to provide a certified Canadian Avalanche and Mountaineering Professional to guide its mountain safety program. The terrain on the Grad Property is extreme and the weather in the Rocky Mountains can be challenging. Rackla has relied heavily on the expertise of Minconsult to ensure the safety of all of the people working on the program including the geological and drilling crews.

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

CEO Simon Ridgway stated, “We are very pleased with the progress we have made to date and how rapidly we have been able to advance this target. The 2025 exploration season has presented some challenges including a late start due to a slow spring melt and a very wet start to the summer season, but our crews have been able to make significant progress. The planned 4,000m drill program will test an area measuring 600 m x 350 m x 500 m with the goal of demonstrating continuity to the mineralized zone at the BiTe discovery.

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

Rackla is working in consultation with the Sahtu communities and remains committed to maintaining the respectful, collaborative relationships we’ve built with the Sahtu Dene First Nation. As we advance exploration at the Grad Project, we will continue working closely with local stakeholders and regulatory agencies to ensure our activities create long-term value and reflect community priorities.

Qualified Person

Scott Casselman, B.Sc., P.Geo., 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 National Instrument 43-101. Mr. Casselman has reviewed and approved the technical information contained in this news release.

About Rackla

Rackla Metals Inc. (TSX-V: RAK) is a Vancouver, Canada based junior gold exploration company.  The Company is targeting Reduced Intrusion-Related Gold Systems (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.

ON BEHALF OF THE BOARD

Simon Ridgway,
CEO and Director

Tel: (604) 801-5432; Fax: (604) 662-8829
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.racklametals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, the Company’s future exploration activities; and general business and economic conditions. Often, but not always, these forward looking statements can be identified 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”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and planned exploration activities at its properties will be achieved; that there will be no material adverse change affecting the Company, its properties or its securities; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.