Rackla provides Update On Pending Samples from 2025 Drill Program and Regional Geochemical Survey

The most recent news release from November 5, 2025, provides an update on the 2025 exploration program at Rackla Metals Inc.'s Grad Property. The company states that assay results are still pending for seven drill holes, totaling 3,518 meters, and from the trenching program conducted at the Manta Showing. The news confirms that Mr. Scott Casselman, Vice-President Exploration, has reviewed and approved the technical information.

This news release is a routine update and has a neutral material impact. The previous news on October 21, 2025, already communicated that results from these remaining 7 drill holes (3,518m) were expected in "early November." Therefore, the current news on November 5, 2025, merely confirms that these results are still pending, aligning with the "early November" timeframe. It does not provide any new data (positive or negative) regarding the assay results themselves, which are crucial for the company's future.

The preceding news on October 21, 2025, was "Material - Negative" as it reported disappointing initial drilling results from the first three holes at Grad (G25-001, 002, 003), which failed to show continuity to mineralization. This led to a significant price decline. The market is now keenly awaiting the results from the remaining holes, which were described in the September 8, 2025, news as having "encountered impressive alteration zones and abundant sheeted veining" and in earlier updates as showing "good continuity and increasing strength/width with depth." The delay in receiving these results, while not unexpected given the previous guidance, prolongs the uncertainty following the initial negative results. The absence of positive results in this update means the stock remains under pressure until the full assay data is released.

Rackla Metals Inc. is a Canadian exploration company primarily focused on gold and, more recently, tungsten, in the Tombstone Gold Belt of the Northwest Territories (NWT). The company's flagship project is the Grad Property, acquired by staking in July 2024, where it made a new gold discovery known as the BiTe zone. This zone is characterized as a Reduced Intrusion-Related Gold System (RIRGS), featuring gold mineralization associated with high bismuth, tellurium, and sometimes tungsten. The BiTe zone is exposed in a 400-meter vertical cliff face, with initial surface sampling revealing high-grade gold (up to 92 g/t Au) and a significant talus-fine anomaly (550m averaging 1.06 g/t Au, with a 180m core zone averaging 3.68 g/t Au), and channel samples at the base of the cliff up to 38m averaging 1.8 g/t Au.

In 2025, Rackla initiated a maiden drill program at Grad, initially planned for 4,000 meters and later expanded to 5,000 meters, to test the continuity of the BiTe zone. The company also expanded its land holdings in the NWT, acquiring new claims and expanding existing properties (Grad, Ogre). Notably, they acquired the Lened Property, which contains a historical (non-43-101 compliant) tungsten skarn resource of 0.9M tonnes grading 1.0% WO3. Regional exploration efforts have also led to new gold discoveries at the Manta, Ogre, and Calypso properties.