Ms. Ann Fehr reports

MOONBOUND MINING ANNOUNCES ENTRY INTO JOINT VENTURE AND SHAREHOLDER AGREEMENT

Further to its news releases of June 23, 2023, and Aug. 1, 2023, Moonbound Mining Ltd. has entered into a joint venture (JV) and shareholder agreement with Alfeus Tomas and Paulus Nghifikepunye, whereby the parties have agreed to establish a joint venture in respect of certain mining claims on the terms and conditions set out in the JV agreement. The JV agreement includes seven mining claims located in Namibia, referred to as the Strathmore mining claims, which are located in the Cape Cross-Uis area pegmatite belt (CUPB). The CUPB stretches 115 kilometres (km) from Cape Cross in the West to Uis in the east and can be as wide as 24 km.

The JV agreement specifies that certain cash payments and share issuances need to be completed upon achievement of specified milestones, all as set forth in the JV agreement, a copy of which will be filed under the company's profile on SEDAR-plus.

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.