Rackla Metals Proposes Share Consolidation

VANCOUVER, Nov. 21, 2012 /PRNewswire/ - Rackla Metals Inc. (TSXV: RAK) announces that its Board of Directors has determined that in order to facilitate future equity financings for the Company and to attract new business opportunities, it may be necessary to consolidate the share capital on the basis of one new share for up to five existing shares.  The share consolidation may also include a change of name of the Company.  The share consolidation and change of name will be subject to acceptance for filing by the TSX Venture Exchange and to shareholder approval which will be requested at the Company's annual and special meeting to be held on December 20, 2012.

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.

SOURCE Rackla Metals Inc.