Blue Moon Metals Acquires 33 Tungsten and Antimony Projects in the Western United States Becoming a Significant U.S. Tungsten, Germanium, Gallium and Antimony Owner in the U.S.

Blue Moon Metals Inc. (" Blue Moon " or the " Company ") (TSXV: MOON) (NASDAQ: BMM ), is pleased to announce the acquisition of a portfolio of 33 tungsten and antimony projects in the western United States (collectively, the " Projects " and each, a " Project "), all of which are proximal to the Company's Springer complex. The Projects are generally located in the most prolific tungsten and antimony producing districts in the United States, with historical production on or adjacent to almost all Projects. These projects are complementary to the Company's Springer tungsten complex in Nevada and Apex germanium-gallium-copper mine in Utah. The Projects are being acquired on a 100% ownership basis from a private owner on an arms-length basis and consist of BLM and USFS lands (the " Transaction "). Holding costs for the portfolio are approximately US$162,000/yr. Blue Moon Metals Acquires 33 Tungsten and Antimony Projects in the Western United States Becoming a Significant U.S. Tungsten, Germanium, Gallium and Antimony Owner in the U.S Jason Dunning, Head of U.S. Special Projects for Blue Moon, stated, "This acquisition marks a meaningful step in Blue Moon's strategy to build a leading US-focused critical metals platform. The portfolio represents a compelling collection of tungsten and antimony projects in the United States at a time when domestic sources are increasingly important. Many of these Projects historically produced high-grade antimony and tungsten, including reported tungsten grades of up to 14% WO 3 , during periods of major strategic demand, including WWI, WWII, the Korean War and the Vietnam War. Since that time, the Projects have seen very limited modern work, creating what we believe is a significant opportunity for Blue Moon to apply a disciplined, modern approach across a historically important package of assets. While tungsten was the focus of the historical work, it should be noted that tungsten mineralization may also provide important indications for copper and gold exploration potential. We intend to methodically advance several of these Projects, with a focus on leveraging the Company's Springer complex in Nevada for potential processing, while seeking to unlock value from the broader portfolio through future monetization opportunities." TRANSACTION Consideration for the Projects consists of the following: 2.8 million common shares of the Company, subject to a 4-month holding period, at a price of US$5.55/sh or a total of approximately US$15.5 million A 1.0% NSR royalty on each Project US$5.0 million in cash, of which US$2.5 million is to be paid on the closing date and US$2.5 million is to be paid on the first anniversary of the closing date A capped inferred resource development milestone payment on tungsten projects advanced by Blue Moon (" Development Payments ") The Development Payments will be based on the grade of the first delineated inferred resource within 15 years of the Closing Date: Under 0.15% WO 3 : US$1.50/MTU WO 3 0.1501% to 0.30% WO 3 : US$2.50/MTU WO 3 0.3001% to 0.45% WO 3 : US$3.50/MTU WO 3 Over 0.45% WO 3 : US$4.50/MTU WO 3 The Development Payments will be paid either in cash or split 50% cash and 50% in Blue Moon common shares, at Blue Moon's election; and Each Development Payment will be capped at a maximum aggregate payment of US$8.5 million per Project. A monetization incentive based on consideration received by Blue Moon from the disposal of any Project: A payment of 10% of the consideration received by Blue Moon, payable in cash or shares at Blue Moon's discretion; and An inferred resource development milestone payment on tungsten projects advanced by the then owner of each Project within 15 years of the Closing Date, totaling US$1.50/MTU WO 3 . KEY PROJECTS IN PORTFOLIO Blue Moon considers four of the Projects to be hi...