Rackla provides Grad Project and Regional Exploration Update
Vancouver, British Columbia – October 21, 2025 – Rackla Metals Inc. (TSX-V: RAK) (the “Company”) has recently reported assay results from the first three drill holes of its 2025 campaign 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 show continuity to the mineralization discovered in the outcropping intrusive. The Company is working on interpretations to understand why these holes did not intersect similar mineralization to that observed on surface.
The target at Grad is a large, altered, and intensely veined intrusive that measures approximately 2 km in diameter and forms the core of a very steep mountain. The drill program was the maiden drill program on the property and tested a small portion of the intrusive. While these initial results are disappointing, there are results yet to come from 7 holes representing 3,518 m of the 4,489 m program. Rackla has contacted the lab on several occasions and been told that the results for the remaining drill core samples are still weeks away. The lab did say that it has been a tremendously busy exploration season, that they are backlogged on sample processing and cannot give us an exact date when the core will be finalized, or in which sequence the sample batches will be processed. Therefore, the Company has made the decision to receive the analysis for the remaining seven holes only when they have all been completed. We estimate that will be early November.
In the interim, Rackla has been receiving stream sediment, soil and rock results from the regional exploration program completed in 2025. During this program the Company collected over 500 rock samples, 1400 soil samples and 140 stream sediment samples. There are 2 batches of stream sediment samples and 4 batches of rock and trench samples outstanding. However, results to date clearly show a number of new discoveries in the region, which are described below. These early-stage discoveries are encouraging and the Company is planning follow-up programs in 2026.
Manta Showing
The Manta Showing was discovered 1.5 km south of the BiTe Showing and is in the Grad claim group. Manta occurs as a previously unmapped Cretaceous intrusion. In 2025, the Company conducted prospecting and talus-fine sampling around the intrusion. The talus-fine sampling returned samples with gold values up to 0.56 ppm Au and associated bismuth, tellurium and arsenic. Rock sample results from the western margin of the intrusion returned a couple of samples greater than 1 ounce of gold per ton (31.1 g/t, Figure 1). The Company followed up in this area with trenching late in the season and these results are pending.
Figure 1 – Manta Showing Rock Sample Gold Results.
Ogre Property
The Ogre target is located 10 km north of the Grad Property. It occurs on the southeastern margin of the large, Cretaceous, O’Grady Batholith. In 2025, Rackla conducted stream sediment sampling, talus fine sampling, heavy mineral concentrate (HMC) sampling (ie. gold panning), prospecting and established a 2.5 x 2.5 km soil grid. The gold panning was conducted in an area where NWT government collected a HMC sample with 27 grains of gold in a single sample. This area was labeled the 27 Grains Target. Rackla followed up on this work by panning above and below the government sample, and along a 500 m stretch of the stream, observed visible gold grain counts from 1 to 3 grains per pan. These results prompted the Company to establish a soil sample grid over this area. The soil sampling program identified a 1.5 km long coincident Au-Bi-Te-As anomaly (see Figure 2).
Figure 2 – 27 Grains Target soil geochemical gold results.
North of the 27 Grains Target, the program identified an 800 m long, coincident gold-bismuth-arsenic soil anomaly in the O’Grady Batholith, west of the projection of the 27 Grains structure (Figure 3). Rock samples collected on the Ogre property show a particularly strong correlation with tellurium. This anomaly remains to be followed up in 2026.
Figure 3 – 27 Grains / Ogre talus-fine and rock sample gold results.
Calypso Property
The Calypso Property was staked 17 km west of the Grad property and is located on the southwestern margin of the O’Grady Batholith. The property is another grassroots discovery by the Company, following up on a government regional geochemical survey that identified gold and bismuth anomalies. While conducting talus sampling along the break in slope of the cliff, Rackla geologists identified sulphide-bearing sheeted quartz veins in the intrusive. Rock samples collected from this veining have returned over 10 g/t Au with high bismuth and tellurium values.
Figure 4 – Calypso Property talus-fine and rock sample results.
Lened Property
Upon completion of Land Use Planning in the Sahtu Region, the ground that hosts the Lened tungsten deposit was re-opened for staking. Tungsten mineralization was first discovered at Lened in 1960 and from 1977 to 1982 an intensive exploration program was conducted by Union Carbide Exploration Ltd. This historic work included over 23,000 m of diamond drilling and much of the core remains on the property. A historic resource of 0.9 M tonnes grading 1.0% WO3 was calculated for the deposit (not NI 43-101 compliant). Rackla recognized the value of the historic work and significance of this tungsten resource and staked claims to cover the deposit. The historic work was focused on tungsten and rarely was any analysis for gold undertaken. The Company also believes there could be significant gold potential on the property. Rackla plans to compile the historic data into a digital format over the winter of 2025-26 to unlock the potential of the Lened Property.
The Company has a solid financial position going forward with $10 M in the bank and is well positioned to capitalize on the 2025 discoveries made in this portion of western Northwest Territories.
Rackla is working in consultation with the Sahtu Dene and Métis communities and remains committed to maintaining the respectful, collaborative relationships we’ve built with the Sahtu. As we advance exploration at our properties, 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: info@racklametals.com
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 pending assay results from the Company’s 2025 drilling program; 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, whether exploration results will be as anticipated; 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.
