Mr. James Lumley reports

MOONBOUND MINING ANNOUNCES FILING OF ITS BUSINESS ACQUISITION REPORT AND NI 43-101 TECHNICAL REPORT

Further to Moonbound Mining Ltd.'s news release dated Jan. 29, 2024, it has completed the filing of the company's Form 51-102F4 -- Business Acquisition Report (BAR) in connection with its acquisition of 1442160 B.C. Ltd. (NumberCo), a private arm's-length British Columbia corporation, completed on Jan. 29, 2024. The BAR, a copy of which is available under the company's profile on SEDAR+, includes NumberCo's audited financial statements and the management discussions and analysis for the period from incorporation on Sept. 29, 2023, to Dec. 31, 2023.

For additional details regarding the acquisition, please refer to the news releases dated Dec. 15, 2023, Jan. 5, 2024, and Janu. 29, 2024.

Additionally, the company announces that it has filed on SEDAR+ an independent technical report prepared in accordance with National Instrument 43-101 -- Standards of Disclosure of Mineral Projects for the mineral resource estimate on its Norrabees 1 lithium project, located on mining permit NC 30/5/1/3/2/10950 MP within the northwestern part of the Northern Cape province, South Africa. The report titled "NI 43-101 Technical Report on The Norrabees 1 Pegmatite, South Africa. Mineral Resource Estimate" is effective dated Jan. 17, 2024, and was authored by Dr. Johan Hattingh, PrSciNat.

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.