Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 26, 2015) - Simon Ridgway, of 200 Burrard Street, Suite 650, Vancouver, BC, has acquired 1,450,000 common shares and 1,450,000 common share purchase warrants of Rackla Metals Inc. (the "Company") pursuant to a private placement financing completed by the Company. The total consideration paid by Mr. Ridgway for such shares and warrants was $72,500 cash.

As at the date hereof, Mr. Ridgway owns or controls: (i) 2,860,253 common shares, representing approximately 18.9% of the issued and outstanding common shares of the Company; (ii) 1,450,000 warrants to acquire common shares of the Company (the "Warrants"); and (iii) 50,000 options to acquire common shares of the Company (the "Options").

Assuming the exercise of the Warrants and Options in full, Mr. Ridgway would own or control 4,360,253 common shares, representing approximately 26.3% of the then issued and outstanding common shares of the Company assuming no other outstanding warrants and options in the Company were exercised, or approximately 21.4% of the then issued and outstanding common shares of the Company assuming all outstanding warrants and options in the Company were exercised.

Despite the foregoing, however, the Warrants have a restriction such that Mr. Ridgway may only exercise at any given time the number of Warrants that will not result in his owning or controlling 20% or more of the Company's outstanding common shares.

The shares were acquired by Mr. Ridgway for investment purposes, and he may from time to time, directly or indirectly, acquire additional securities of the Company. Mr. Ridgway has filed on www.sedar.com a report pursuant to NI 62-103, and a copy of the report may be obtained by contacting Mr. Ridgway.