Stock Options Granted

July 20, 2012 – Rackla Metals Inc. (TSX-V: RAK) announces that it has granted incentive stock options to its directors, officers and employees to purchase up to a total of 1,320,000 shares exercisable for ten years at a price of $0.15 per share.

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. The Company anticipates drilling on three of its projects during 2012.

ON BEHALF OF THE BOARD

“Simon Ridgway”

President and CEO

Contact: Jaclyn Ruptash Tel: (604) 801-5432; Fax: (604) 662-8829 Email: [email protected] Website: www.racklametals.com

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.