Mr. James Lumley reports

MOONBOUND MINING ANNOUNCES BOARD CHANGE

Pappu Sastry has joined the Moonbound Mining Ltd. board of directors, effective immediately.

Capt. Sastry is a well-reputed chief executive officer with varied experience of shipping and logistics projects. He has been involved with African mining logistics projects since 2010. In 2015, Lloyd's List, United Kingdom, recognized him as one of the world's top 50 leaders for shipping in the next generation. Capt. Sastry has been co-founder, managing director and CEO of several ship owning, operating and management companies and projects in Hong Kong, Singapore, Mumbai, Dubai and the United States. His innovative solutions to the traditional shipping issues has given him recognition in several sectors within shipping, insurance, logistics and management. With an MBA from University of Manchester, U.K., and a wealth of senior management experience in shipping and logistics, he has helped to diversify and grow the several new businesses. In 2022, International Bulk Journal awarded him the Entrepreneur of the Year award when he started Arise Shipping and Logistics (ASL) in partnership with Arise IIP Dubai. He is the only CCEO in shipping as certified in Australia. He has nurtured ASL Dubai as a specialist mining logistics player focused on Africa.

James Lumley welcomed Capt. Sastry on the board and commented, "I have had the pleasure of working with Capt. Pappu for several years, he offers a great deal of expertise in this sector, and will add value to both onshore and offshore logistics, bringing discipline and efficiencies to our export logistic chain."

The company also announces that Natalia Clemente has resigned from the board after having served as a director of the company since 2021. Mr. Lumley would like to thank Ms. Clemente for her service and contributions to the board.

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.

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