Vancouver, British Columbia – TheNewswire - March 21, 2023 – Rackla Metals Inc. (TSXV:RAK) (the “Company”) announces that Bruce Smith has stepped aside from his position as interim President of Rackla Metals, in order to focus on his role as CEO and President of Radius Gold Inc. (TSX-V: RDU). Simon Ridgway will continue in his role as CEO of the Company.  Scott Casselman, Rackla’s recently appointed VP Exploration, has taken responsibility for the team building and development of the Company’s exploration programs and has assembled a team of geologists, geological technicians, prospectors, core loggers etc. for Rackla’s upcoming summer program.

Mr. Smith commented: “It has been my pleasure to be interim President of Rackla Metals over the years and a key member of the team involved with the search for projects for the Company.  I am a big supporter of the move into the Tombstone Gold Belt and the team Scott has quickly assembled to lead the charge on the targets acquired.  The Company has quickly become a significant participant in this developing play and I’m excited to see what the summer program brings, especially on the drill bit!  I will continue to work with the Company as an active member of the Board of Directors.”

Simon Ridgway, President and CEO, commented: “In the nearly two decades that I’ve been working with Bruce, he has been a vital part of developing the exploration programs for the group and helping me review and acquire new projects.  I look forward to continuing to have his input as a Director of Rackla.  Bruce has now discovered an amazing exploration target for Radius to advance on its own, that I believe could be a game changer for the company.”

ON BEHALF OF THE BOARD

Simon Ridgway,

CEO and Director

Tel: (604) 801-5432; Fax: (604) 662-8829

Email: info@goldgroup.com

Website: www.racklametals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements and include, without limitation, statements about the Company’s proposed financing, and future exploration activities. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, whether stock exchange approval to the financing will be obtained and the financing will be completed as planned; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that stock exchange approval to the financing will be obtained and that the financing will be completed as planned; that the Company’s stated goals and planned exploration activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.