Mr. Paul Parisottor reports

MOON RIVER CAPITAL LTD. ANNOUNCES FILING OF TECHNICAL REPORT FOR DAVIDSON MOLYBDENUM PROJECT PRELIMINARY ECONOMICAL ASSESSMENT

Further to Moon River Capital Ltd.'s news release dated Feb. 22, 2024, it has filed, pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects, an independent technical report titled "Davidson Project Preliminary Economic Assessment" (PEA). The technical report prepared by A-Z Mining Professionals Ltd. (AMPL) for Moon River dated April 2, 2024, with an effective date of Feb. 22, 2024, is available on SEDAR+ and on the company's website.

Cautionary statement regarding PEA

The PEA is preliminary in nature and includes mineral resources based on the latest resource estimates calculated and reported in a study completed by AMPL and presented in an NI 43-101 technical report entitled "National Instrument NI 43-101 Technical Report for the Davidson Project Resources Update," dated Sept. 13, 2023, and filed on SEDAR+.

Readers are encouraged to read the technical report in its entirety, including all qualifications, assumptions and exclusions that relate to the mineral resource. The technical report is intended to be read as a whole, and sections should not be read or relied upon out of context.

Qualified persons

The scientific and technical content of this news release was reviewed, verified and approved by Brian LeBlanc, PEng, president of AMPL and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. LeBlanc is the QP responsible for the scientific and technical information contained in this press release.

About Moon River Capital Ltd.

Moon River is a Canadian-based resource company focused on the acquisition, exploration and development of mineral projects. Moon River is focused on the development of the Davidson property which hosts a large molybdenum-tungsten deposit and is located near Smithers, B.C.

We seek Safe Harbor.