Mr. Christian Kargl-Simard reports

BLUE MOON METALS ANNOUNCES TERMINATION OF ROPA ACQUISITION AND COMPLETION OF CONTINUANCE TO ONTARIO

Further to Blue Moon Metals Inc.'s news release dated Aug. 11, 2026, the company's proposed acquisition of a portfolio of 33 tungsten and antimony projects in the Western United States from a private owner on an arm's-length basis has been terminated by mutual consent of Blue Moon and the vendor in accordance with the letter agreement dated Aug. 10, 2026.

Effective Oct. 23, 2026, the company's previously announced corporate continuance from British Columbia (Business Corporations Act (British Columbia)) to Ontario (Business Corporations Act (Ontario)) has been completed.

In connection with the continuance, the company adopted and filed with the Ontario ministry new articles and bylaws as part of the continuance, which replaced the prior notice of articles and articles of the company. The continuance and the adoption of the new articles and bylaws of the company were each approved by shareholders at the company's annual and special meeting of shareholders held on July 30, 2026. Copies of the certificate of continuance and the new articles and bylaws of the company will be available on SEDAR+ under the company's issuer profile.

About Blue Moon Metals Inc.

Blue Moon is advancing six 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, the Apex germanium-gallium-copper project in the United States and the Turner gold-copper-zinc-silver project in the United States. All six 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 (USGS) and European Union (EU) 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 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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