Ms. Ann Fehr reports

MOONBOUND MINING ANNOUNCES LETTER OF INTENT TO REVIEW AFRICAN LITHIUM PROJECT

Moonbound Mining Ltd. has entered into a non-binding letter of intent with 1442160 B.C. Ltd. (the vendor), pursuant to which it proposes to explore a potential transaction involving the acquisition of the securities of the vendor, which holds an interest in certain hard-rock lithium assets located in South Africa. The project is located in the Northern Cape, South Africa, which is a mature mining jurisdiction with well-defined haul routes to the port of Cape Town, South Africa.

Readers are cautioned that the letter of intent entered into with the vendor does not set forth the terms of the potential acquisition nor have such terms been negotiated or finalized. Completion of any transaction with the vendor is subject to a number of conditions, including, but not limited to, completion of due diligence, agreement on the terms of the proposed acquisition, negotiation of definitive agreements in respect of such acquisition, and the receipt of any required regulatory and shareholder approvals. A transaction cannot be completed until these conditions are satisfied, and there can be no assurance that such a transaction will be completed at all.

The company will provide further information regarding a potential transaction with the vendor as its due diligence process is completed.

About Moonbound Mining Ltd.

Moonbound Mining is a mineral exploration company which currently has two exploration projects and is seeking to acquire additional mineral exploration properties. The current projects include the Yak property, located in northwestern British Columbia, Canada, and the Strathmore property, which includes seven mining licences located in Namibia, South Africa.

We seek Safe Harbor.