Mr. Patrick McGrath reports

BLUE MOON ANNOUNCES COMMENCEMENT OF UPDATED MINERAL RESOURCE REPORT AND NEW DIRECTOR

Blue Moon Metals Inc. has commenced work on an updated mineral resource report for the Blue Moon project and intends to release it in Q4 2023. The updated mineral resource will include drilling results from the last three drill programs.

The company has appointed Enrique Correa to the board of directors, replacing Douglas Urch. Mr. Correa has over 25 years experience in senior leadership roles in the banking and mining sectors. Mr. Correa had senior roles in the banking industry with Banco Falabella and Bank of Nova Scotia before becoming managing director of Key Mining Corp., where he overseas investments in the resource sector, including the recently completed preliminary economic assessments of its titanium and copper projects in Chile. The company wishes to thank Mr. Urch for his contributions as a director of the company since 2017.

About Blue Moon Metals Inc.

Blue Moon Metals is currently advancing its Blue Moon polymetallic deposit, which contains zinc, gold, silver and copper. The property is well located with existing local infrastructure, including paved highways three miles from site, a hydroelectric power generation facility a few miles from the site, a three-hour drive to the Oakland port and a four-hour drive to the service centre of Reno. Zinc is currently on the USGS list of metals critical to the U.S. economy and national security. A National Instrument 43-101 resource report is available on the company's website and was filed on SEDAR on Nov. 20, 2018. The company also holds the Yava polymetallic project in Nunavut, which is in the same volcanic lithologies and south of Glencore's Hackett River deposit.

We seek Safe Harbor.