Mr. Christian Kargl-Simard reports

BLUE MOON ANNOUNCES FOLLOW ON INVESTMENT OF C$1.2M FROM MINING CONTRACTOR

Leonhard Nilsen & Sonner AS, Blue Moon Metals Inc.'s mining contractor at the Nussir copper-gold-silver project in Norway, has subscribed to 168,514 common shares in the company, at a share price of $7.208.

This investment is in addition to LNS's initial $4.2-million subscription that closed on Dec. 19, 2024, and the $1.13-million subscription that closed on May 8, 2025, which was triggered by the start of LNS underground mobilization at the Nussir project.

The financing is subject to approval by the TSX Venture Exchange and is expected to close on or about March 17, 2026. No finders' fees were paid in connection with the financing, and the common shares issued pursuant to the financing will be subject to a statutory four-month-and-one-day hold period from the date of issuance. The proceeds from the financing are expected to be used for underground development at the project.

About Blue Moon Metals Inc.

Blue Moon is advancing five brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper in the United States. All five projects are well located with existing local infrastructure, including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the U.S. Geological Survey and European Union list of metals critical to the global economy and national security, and germanium and gallium are also on the USGS list of critical metals. Major shareholders include funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corp., Baker Steel Resources Trust, LNS and Monial.

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