Lentung Project Progress Update

About this update from Rackla Metals Inc.

Lentung Project Progress Update (TheNewswire)    Vancouver, British Columbia – July 2 , 2026 – Rackla Metals Inc. (TSX-V: RAK) (“Rackla” or the “Company”) is pleased to provide an update on its 2026 exploration program at the Lentung tungsten project in the Northwest Territories. The project is fully permitted under a five-year Type A Land Use Permit issued by the Sahtu Land and Water Board, and the Company’s 2026 exploration program is fully funded. Despite a heavy snowpack and delayed seasonal melt, Rackla has made strong progress mobilizing and advancing the program. Key activities underway or scheduled include: Construction of a 49-person exploration camp, with completion expected by July 11;  Commencement of engineering and archaeological studies for the project and the proposed Lentung access road;  Re-establishment and brushing of historic 1980s trail networks across the property;  Recovery, over-boxing and cataloguing of historic drill core;  Engagement with local communities;  Engagement of SKS Environmental Inc. to review historic environmental data and restart baseline studies;  Planned commencement of 4,000 metres of diamond drilling in mid-July;  Planned commencement of 6,000 metres of reverse circulation drilling in mid-July.  The Lentung project is located within the Tombstone Tungsten Belt of the western Northwest Territories, approximately 127 kilometres south of the Mactung tungsten deposit owned by Fireweed Metals Corp. (TSX-V:FWZ) and 60 km by road north of the past-producing Cantung tungsten mine. Between 1977 and 1982, Union Carbide Exploration Corporation carried out an extensive exploration program on the Lentung property. That work included approximately 26,900 metres of diamond drilling, geochemical and geophysical surveys, geological mapping, trenching, metallurgical test work, engineering studies, economic studies and environmental baseline work. Rackla’s camp is being established at the former Union Carbide camp location and is positioned to access the Stephen’s Ridge, Western Skarn, Emma and Far West zones (renamed the Central Zone), where Union Carbide identified near-surface, >1% WO3 tungsten mineralization. The Company is re-establishing approximately 27 kilometres of historic trails to provide UTV and mobile...

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