Mr. Christian Kargl-Simard reports

BLUE MOON ANNOUNCES FOLLOW ON INVESTMENT OF C$4.8M FROM HARTREE

Further to Blue Moon Metals Inc.'s investor rights agreement (IRA) dated March 7, 2025, Hartree Partners LP, a strategic partner to the Blue Moon, has issued to the company notice of its intention to exercise its top-up right as it relates certain share issuances completed by the company through March 31, 2026.

Subject to the approval of the TSX Venture Exchange, an aggregate of 526,617 common shares will be issued to Hartree at a price of $9.06 per Hartree share for total gross proceeds of approximately $4.8-million, calculated in accordance with the Hartree IRA, to retain its interest in the company.

Completion of the financing is subject to approval by the TSX Venture Exchange and is expected to close by about April 29, 2026. No finders' fees were paid in connection with the financing and the Hartree shares issued pursuant to the financing will be subject to a statutory four-month-and-one-day hold period in Canada from the date of issuance. The proceeds from the financing are expected to be used for project development at the company's brownfield polymetallic projects, as well as for general corporate purposes.

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 U.S. and the Apex germanium-gallium-copper project in the U.S. All five projects are well located with existing local infrastructure, including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS (U.S. Geological Survey) and EU (European Union) lists 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 Teck Resources Ltd., 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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