Mr. Christian Kargl-Simard reports

BLUE MOON ANNOUNCES RESUMPTION OF TRADING, GRADUATION TO TIER 1 ON THE TSX VENTURE EXCHANGE AND COMPLETION OF SHARE CONSOLIDATION FOLLOWING TRANSFORMATIONAL ACQUISITIONS

Blue Moon Metals Inc.'s common shares will resume trading on the TSX Venture Exchange at the market open on Friday, March 14, 2025. Upon resumption of trading, the graduation of the company from Tier 2 to Tier 1 issuer status on the TSX-V and the consolidation of the Blue Moon shares, previously announced on March 3, 2025, and March 10, 2025, respectively, will be effected.

Trading of the Blue Moon shares was halted on Nov. 27, 2024, in connection with the announcement of the acquisitions of Nussir ASA and Nye Sulitjelma Gruver AS, which closed on Feb. 26, 2025. The company also announced on March 10, 2025, that it acquired all the shares in Repparfjord Eiendom AS from Wergeland Eigedom AS, a private Norwegian company, along with associated ship loading equipment and infrastructure related to aggregate mining, port area and adjacent properties to Blue Moon's Nussir project in Norway. In conjunction with the above-noted acquisitions, the company completed approximately $35.4-million in equity financings at $3 per share postconsolidation. Blue Moon's mining contractor, Leonhard Nilsen & Sonner Eiendom AS (LNS", participated for $4.2-million of the equity financing and has committed to subscribe for another $2.3-million upon two milestones, the first being the start of the decline construction at the Nussir project and the second 10 months after the start of the decline construction. The pricing of the equity commitment is the higher of: (i) $3 per common share; or (ii) the maximum discount allowed by the TSX-V.

The company is also pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX-V. The TSX-V classifies issuers into different tiers based on standards, including historical financial performance, stage of development and financial resources. Tier 1 is the TSX-V's premier tier and is reserved for the TSX-V's most advanced issuers. Tier 1 issuers benefit from decreased filing requirements and improved service standards. With the graduation to a Tier 1 listing, the Blue Moon shares previously deposited into escrow pursuant to the rules of the TSX-V will now be governed by the release provisions of Tier 1 issuer escrow.

In addition, as of the market open on March 14, 2025, the consolidation on the basis of one postconsolidation Blue Moon share for 10 preconsolidation Blue Moon shares will be effected. Upon resumption of trading, the company will have approximately 51,109,248 postconsolidation Blue Moon shares outstanding.

About Blue Moon Metals Inc.

Blue Moon is advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States. All three projects are well located with existing local infrastructure, including roads, power and historical infrastructure. Zinc and copper are currently on the USGS (United States Geological Survey) and EU (European Union) list of metals critical to the global economy and national security.

We seek Safe Harbor.