Mr. Simon Ridgway reports

RACKLA METALS COMPLETES $3.65 MILLION PRIVATE PLACEMENT FINANCING

Rackla Metals Inc. has closed its previously announced non-brokered private placement financing, raising total gross proceeds of $3.65-million with the issuance of 10.0 million flow-through units (the FT units) at a price of 36.5 cents each.

Each FT unit consists of one 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 common share purchase warrant. Each warrant entitles the holder thereof to acquire one non-flow-through common share at an exercise price of 36.5 cents per warrant share for a period of two years following the closing of the offering.

The gross proceeds from the sale of the FT 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 FT shares under the offering.

Management intends to use the proceeds of the offering for conducting exploration and drilling on the company's Lentung tungsten property located within the Tombstone gold belt in Western Northwest Territories, Canada.

The company has paid a finder's fee in relation to the offering consisting of a cash payment of $150,000 and non-transferable warrants entitling the holder to purchase up to 600,000 common shares exercisable at a price of 36.5 cents per share for a period of two years following the closing of the offering.

The securities issued to the placees pursuant to the offering are not subject to resale restrictions pursuant to applicable Canadian securities laws. Any common shares acquired on exercise of the finder's fee warrants have a resale restriction until Jan. 24, 2027. The offering is subject to the final approval of the TSX Venture Exchange.

About Rackla Metals Inc.

Rackla Metals is a Vancouver-based junior exploration company focused on tungsten and rare-earth minerals in the Tombstone gold-tungsten belt of Eastern Yukon and Western Northwest Territories, a region hosting world-class tungsten deposits.

We seek Safe Harbor.