Rackla Metals Provides Exploration Update/Cancels Financing

Rackla Metals Inc. (TSX VENTURE:RAK) announces that the results of exploration
work conducted on the Company's properties during the 2013 summer season have
been compiled and are set out below.


King Solomon's Dome Property

The results from the recent diamond drill program on Kestrel Gold Inc.'s King
Solomon's Dome (KSD) property show that all three holes intersected low grade
gold mineralization with some short higher grade gold intervals, for example
4.89 g/t Au over 13cm in hole DDH13-02. Hole DDH13-02 cut several intervals of
gold mineralization between 34m and 127m down hole which are believed to be
related to the easterly dipping Sheba Vein system and its hanging wall
mineralization (see Kestrel Gold Inc. news release: December 16, 2011). The gold
mineralization, although generally low grade, shows continuity with surface
trench sampling and remains open to depth. 


The two zones of gold mineralization and increased sulphide content encountered
in DDH13-01 and DDH13-03 are believed to correlate with the geophysical
chargeability anomaly at depths of 217 - 224 metres and 189 - 195.5 metres
respectively and also with increased sulphide content. No visible gold was
encountered and no samples returned greater than 5 g/t Au in the three holes
drilled. 


Rackla is not planning to undertake any further drilling at KSD and has
relinquished its option on the property. 


Face Project

A six week geochemical sampling and mapping project was carried out on the Face
project located approximately 90 kilometers northwest of Dawson City, Yukon.
Work focused on following up anomalous gold and silver results from a ridge and
spur soil sampling program carried out in 2012. A total of 1109 soil samples and
115 rock samples were collected in 2013. The survey identified an irregular
shaped silver-zinc anomaly (greater than 10 ppm Ag to 88 ppm Ag; greater than
500 ppm to 6000 ppm Zn) over an area of approximately one square kilometer
underlain by black shale of the Road River Group. Rock samples of the black
shale contained similar values for silver and zinc. Based on these results the
size of the property was reduced by 176 claims, leaving 529 contiguous claims in
good standing.


Iola Project

A short program was carried on the Iola project to follow up on anomalous
geochemical soil sample results for gold and silver obtained in 2012. The 2013
program identified the source of the anomalous gold as being from a narrow
thrust fault zone. Other 2012 soil samples anomalous for silver, lead and zinc
reflected narrow fault structures cutting shales and other clastic rocks plus
zones of secondary enrichment due to weathering. Based on these observations and
results the property claims have been allowed to lapse. 


Financing

The Company also announces that due to current market conditions, it has
cancelled the flow-through private placement financing described in the
Company's news release of September 16, 2013. 


Quality Assurance / Quality Control

Sampling is conducted under the supervision of the on-site project geologist.
Samples are tracked by the project geologist from the project site to the sample
preparation facility. Samples are transported by Company personnel or commercial
trucking companies.


The Company employs a rigorous QA program with respect to its diamond drill
core. Samples are generally 0.5 to 1.5 m in length. Rock pulp standards, blank
gravel aggregate, and lab duplicates are inserted into the sample stream each at
a rate of one per 30 samples, for a total of 9% check samples. All data received
from the laboratory is verified for quality control using both the laboratory
and the inline check samples.


All samples were sent to Acme Analytical Laboratories Ltd.'s preparation
facility in Whitehorse, Yukon Territory for crushing and pulping. Pulp splits
are forwarded from Whitehorse by Acme to their laboratory in Vancouver, British
Columbia, for analysis. Gold in rock samples is determined by a 30 gram fire
assay fusion followed by ICP-ES analysis (method 3B01). An additional 32
elements are analyzed by a 0.5 gram sample split leached in hot Aqua Regia
followed by ICP-ES analysis (method 1D). 


Qualified Person

Roger Hulstein, BSc, P.Geo., is a member of the Association of Professional
Engineers and Geoscientists of British Columbia and is the Company's Qualified
Person as defined by National Instrument 43-101. Mr. Hulstein is responsible for
the accuracy of the technical information in this news release.


About Rackla

Rackla Metals controls a portfolio of promising gold projects across Yukon
Territory, including two extensive claim blocks in the Rackla belt, an emerging
trend of Carlin type gold systems in east-central Yukon, and the Sixty Mile
project near Dawson City. 


ON BEHALF OF THE BOARD

Simon Ridgway, President and CEO

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


Forward-Looking Statement

Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business of the
Company. Actual results may differ materially from those currently anticipated
in such statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rackla Metals Inc.
Ralph Rushton
[phone]
[phone] (FAX)
[e-mail]
www.racklametals.com