Ms. Ann Fehr reports

MOONBOUND MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Moonbound Mining Ltd. intends to undertake a non-brokered private placement consisting of the issuance of up to 16,666,666 common shares of the company at a price of 30 cents per share for gross proceeds of up to $5-million.

The aggregate gross proceeds from the sale of the offering are expected to be used for working capital as well as for the advancement of the company's projects.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after the closing of the offering. Finders' fees may be paid in connection with the offering, in accordance with applicable laws and regulations. Any participation by insiders in the offering will constitute a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

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.

We seek Safe Harbor.