Mr. Paul Parisotto reports

MOON RIVER MOLY LTD. ANNOUNCES ENGAGEMENT OF CONCENTRATOR SUPPORT LTD. AS PROJECT MANAGER FOR THE DAVIDSON MOLYBDENUM-COPPER-TUNGSTEN DEPOSIT AND GRANT OF STOCK OPTIONS

Moon River Moly Ltd. has engaged Concentrator Support Ltd. as consultant to provide engineering and metallurgical services for the Davidson molybdenum-copper-tungsten deposit near Smithers in west-central British Columbia, Canada. Under the consulting agreement, Cameron Lilly, PEng, president of CSL, will serve as project manager for the Davidson project and as technical adviser for the company's 25-per-cent interest in the Endako mine. Mr. Lilly has over 25 years of experience in the mining industry, and has held various positions including contract, project and senior metallurgist; mill manager; process engineer; mill management contractor; senior process engineer; and consulting engineer.

Paul Parisotto, president and chief executive officer, stated, "Mr. Lilly's experience and skills will be a great contribution as Moon River moves forward with its further engineering studies to advance and derisk the Davidson project, including providing oversight to the ongoing tungsten flotation testwork currently being undertaken at Base Metallurgical Laboratories Ltd. in Kamloops, B.C., and planning for development of the Davidson project."

Moon River completed an updated preliminary economic assessment to further derisk the Davidson project and determine the economic potential of the deposit in December, 2025, prepared by A-Z Mining Professionals Ltd. The independent technical report entitled the National Instrument NI 43-101 technical report for the Davidson mine preliminary economic assessment dated Feb. 6, 2026, with an effective date of Dec. 23, 2025, was filed on SEDAR+ (see press releases dated Dec. 23, 2025, and Feb. 6, 2026) and is available on Moon River's website.

Mr. Lilly has been granted stock options under the company's stock option plan to acquire 400,000 common shares of Moon River at 72 cents per share for a 10-year term.

About Moon River Moly 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-copper deposit and is located near Smithers, B.C. The company also holds 25 per cent in one of the largest molybdenum mines in North America, the Endako mine complex also located in British Columbia.

Qualified person

Mr. Lilly, PEng, president of CSL, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), is the qualified person responsible for the scientific and technical information contained in this press release.

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