Mr. Simon Ridgway reports

RACKLA METALS ANNOUNCES UP TO $3.44 MILLION NON-BROKERED PRIVATE PLACEMENT

Rackla Metals Inc. proposes to complete a non-brokered private placement financing to raise gross proceeds of up to $3.44-million by the issuance of up to 16 million charity flow-through (CFT) units at a price of 21.5 cents per unit. The offering has been structured to take advantage of the LIFE (listed issuer financing exemption), whereby common shares issued pursuant to the exemption will be freely tradeable listed equity securities not subject to any hold period (see below).

Each CFT unit will consist of one charity flow-through common share in the capital of the company that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one non-flow-through common share at an exercise price of 20 cents per warrant share for a period of 12 months following the closing of the offering.

The CFT units to be issued under the offering will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions. The securities issued pursuant to the offering will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The gross proceeds from the sale of the CFT shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures for the purposes of the tax act on or before Dec. 31, 2027. Such gross proceeds will be renounced in favour of the purchasers with an effective date of not later than Dec. 31, 2026, in an aggregate amount equal to the total amount of the gross proceeds from the sale of CFT shares under the offering.

As further described in the offering document, management currently intends to use the proceeds of the offering primarily for conducting exploration and drilling on the company's Lentung tungsten property located within the Tombstone gold belt in western Northwest Territories, Canada, and potentially for advancing the company's other properties in the region.

The company may pay a finder's fee for purchasers introduced to the company of 6 per cent in cash and 6 per cent in warrants, which will have the same terms as the offering warrants. The closing of the offering is subject to receipt of approval of the TSX Venture Exchange.

The issuance of the securities under the offering may constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, due to the expected participation by one or more insiders of the company in the offering. These transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to the exemptions provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of any securities issued to nor the consideration paid by such insiders would exceed 25 per cent of the company's market capitalization .

About Rackla Metals Inc.

Rackla Metals is a Vancouver, Canada-based junior exploration company. The company is targeting tungsten, gold and rare earth minerals in the southeastern part of the Tombstone gold-tungsten belt in eastern Yukon and western Northwest Territories. This region is known to host world-class gold and tungsten deposits.

We seek Safe Harbor.