Grad Property Drill Holes G25-004 to G25-008 Analytical Results

The November 27, 2025 news release provides the analytical results for drill holes G25-004 through G25-008 from the 2025 diamond drill program at the Grad property. The results show scattered, low-grade gold intercepts over very narrow widths. The best interval reported was 0.63 meters grading 3.28 g/t Au in hole G25-007. The company explicitly stated management's disappointment that the broad intervals of sheeted quartz veining, which had been a key visual indicator, were not well mineralized. Results for the final two holes of the 10-hole program, G25-009 and G25-010, remain pending.

This news is materially negative and represents the definitive failure of the 2025 drill campaign at the flagship BiTe zone. The narrative for the past year has been built on exceptionally high-grade surface samples (up to 92 g/t Au) and management's "encouraging observations" of visible mineralization and veining in the drill core. This created significant market speculation, driving the stock from ~$0.10 to a high of $1.00.

The first set of drill results on October 6, 2025, for the first three holes, were a major disappointment, indicating a lack of continuity and grade. The stock collapsed over 75% on that news. Management attempted to salvage hope by noting that the remaining holes were visually more prospective.

This latest release extinguishes that hope. The results from holes 4 through 8 are equally poor and confirm that the high-grade surface mineralization does not extend to depth with any economic significance. Management's direct admission of disappointment removes any room for positive spin. The BiTe zone, as tested by this program, is not the major discovery the market was led to anticipate. The company's exploration thesis for its primary target has been invalidated, severely damaging management's credibility and the stock's valuation potential. While two holes are pending, the pattern of results from the first eight holes across a wide area suggests a low probability of a company-making intercept.

Rackla Metals Inc. is a junior mineral exploration company focused on gold properties in the Northwest Territories, specifically within the Tombstone Gold Belt. Its flagship project for the 2025 season was the Grad Property, centered on the newly discovered "BiTe zone," a Reduced Intrusion-Related Gold System (RIRGS) target. The discovery was characterized by high-grade gold, bismuth, and tellurium in surface rock and talus samples. Following the failure of the maiden drill program to confirm grade and continuity at depth, the company is now pivoting to focus on other earlier-stage regional targets, including the Manta, Ogre, and Calypso properties.