Mr. Patrick McGrath reports

BLUE MOON ANNOUNCES CLOSING OF $175,500 FINANCING

Blue Moon Metals Inc. has closed a non-brokered private placement of $175,500. The financing was priced at 6.5 cents per common share. There are no warrants and no finders' fees associated with the financing. The financing is subject to a four-month hold period. The proceeds of the financing will be used for the company's working capital, regulatory costs, shareholder meeting costs and costs associated with the Blue Moon project.

About Blue Moon Metals Inc.

Blue Moon (TSX Venture Exchange: MOON and OTCQB: BMOOF) is currently advancing its Blue Moon polymetallic deposit, which contains zinc, gold, silver and copper. The property is well located with existing local infrastructure, including paved highways three miles from site; a hydroelectric power generation facility a few miles from the site; a three-hour drive to the Oakland port; and a four-hour drive to the service centre of Reno. Zinc is currently on the United States Geological Survey list of metals critical to the U.S. economy and national security. A National Instrument 43-101 resource report is available on the company's website and was filed on SEDAR on Nov. 20, 2018. The company also holds the Yava polymetallic project in Nunavut that is in the same volcanic lithologies and south of Glencore's Hackett River deposit.

We seek Safe Harbor.