Rackla Metals Provides Update on Continuing Drilling at Grad Property, NWT

Vancouver, British Columbia – TheNewswire - August 7, 2025 – Rackla Metals Inc. (TSX-V: RAK) (the “Company”) is pleased to announce that the Company is making good progress on its 2025 exploration program in western NWT, including the planned 4,000 drill program on the Grad property. As of August 5, 2,058 m have been drilled with 5 holes completed and hole G25-006 currently underway. With a single drill rig on the property, we are averaging approximately 50m per shift (100m per day) with the rig turning 24/7.

• The drill is presently on hole G25-006 with a target depth of 500m 

• 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 

• Two holes were drilled from Pad B, G25-004 ended at 416m and G25-005 ended at 431m 

In previous press releases, Rackla highlighted the findings from the first three holes completed (G25-001, 002, and 003) (see PR dated July 14, 2025 and July 28, 2025). Here we discuss the observations from holes G25-004, 005 and 006 in progress.

All holes drilled to date have intersected a consistent set of sheeted quartz/sulphide+tourmaline veins, with vein density averaging between 5 to 10 per metre and occasionally much higher (Figure 1). Holes G25-004 and 005 were drilled from the same drill pad, each with a 50o dip and azimuths of 90o and 60o, respectively. These holes were collared 75m west of holes G25-001 and G25-002 and targeted recently mapped areas with strong quartz and quartz-tourmaline veining, along with 2025 surface sample results that returned 5 multi-gram gold samples of 14.40, 19.30, 17.65, 22.30 and 45.50 g/t gold (see PR dated July 28, 2025). Hole G25-006 is a 135m step-out to the west of holes G25-004 and 005 and is being drilled below G25-004. It targets the extension of the vein system mapped on surface and intersected in holes G25-004 and 005 and will test 215m vertically below hole G25-004 (Figure 2).

Completed holes G25-004 and 005 have been logged and are currently being cut with the expectation that the samples will be shipped to the lab at the end of this week. The first three holes are in the lab and analytical results expected in the coming weeks.

Diamond drill hole collar information:

 Figure 1 – Map of the BiTe zone with the trace of drill holes G25-001 to 006 with vein density counts.

Figure 2 – Cross section through holes G25-004, G25-006 and the bottom of hole G25-002 (section slice is 60 m wide).

Figure 3 – Selected photos of core from hole G25-004 (left) and G25-005 (right).

The core photos of boxes 13 to 15 from hole G25-004 (Figure 2, left) from higher up in the hole show a portion of an interval with strong alteration and two different sets of sheeted quartz veins: quartz-tourmaline and quartz-carbonates veins. The core photos of boxes 91 to 93 of hole G25-005 (Figure 2, right) from lower down in the hole show sheeted quartz veins and quartz-carbonates veins. Bismuthinite and/or a bismuth-gold alloy has been observed in the veins in both holes (Figure 4).

Figure 4 – Bismuth sulfides in hole G25-004, left is at 108.1m and right at 298.0m.

The core photo of boxes 43 to 45 of hole G25-006 (Figure 5, left) show a portion of sheeted veining with bismuthinite in quartz veins and bismuthinite veinlets (Figure 5, right).

Figure 5 – Selected photos of core from hole G25-006 and close-up of bismuth sulfides in veinlets at 215.6m (top right) and at 223.1m (bottom right).

Rackla is pleased with the density of sheeted veining observed in all holes drilled so far and the bismuth content in the veins. Encouraged by the visual observations in holes G25-001, 002 and 003, the Company has added another planned drill pad, Pad G to test the extension of the zone southeastward to the intrusive-sediment contact. Pad G will test the strike extent a further 85 m from hole G25-003 (Figure 6).

Surface channel and continuous chip sampling at BiTe and on the north and south cliff faces above the BiTe showing continues.

Rackla was pleased to host renowned Geologist, Dr. Quinton Hennigh, at the Grad Project last week.  Quinton offered insights into the similarities and differences between BiTe showing mineralization and other major projects in the Tombstone Gold Belt. The interview with Quinton has been uploaded to the Company’s Youtube channel at .

CEO Simon Ridgway stated, “The persistent and robust sheeted quartz veining and abundance of key sulphide minerals like bismuthinite are encouraging. We are looking forward to the analytical results from the drill core coming in the next few weeks.

We were particularly pleased to have Quinton visit the site and offer his feedback on our project, especially considering his knowledge of RIRGS deposits and the Tombstone Gold Belt.”

Figure 6 – Map of completed diamond drill holes and planned future holes as of August 5th

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
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Website: www.racklametals.com

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