Mr. Patrick McGrath reports

BLUE MOON SHAREHOLDERS ELECT MARYSE BELANGER, CHRISTIAN KARGL-SIMARD AND HAYTHAM HODALY AS NEW BOARD MEMBERS

The shareholders of Blue Moon Metals Inc. have approved each of the annual items of business as detailed below. A total of 21,519,612 common shares were voted, representing 40.5 per cent of the votes attached to all the outstanding common shares. The annual matters voted on at the meeting were conducted in accordance with the applicable corporate, securities law and stock exchange requirements.

The company welcomes Maryse Belanger, Christian Kargl-Simard and Haytham Hodaly to the board of directors, and thanks Pedro Fonseca and Jonathan Gagne for their prior services. Ms. Belanger has been appointed non-executive board chair. Follow-on management appointments are expected later this quarter.

The complete results of the annual general meeting are set forth in the attached table.

Patrick McGrath, chief executive officer, stated: "We are very pleased to be inviting our three new distinguished board members to Blue Moon. Their resumes below speak for themselves. The new group has extensive experience advancing projects through development, permitting, construction and operations, including volcanic massive sulphide deposits. They also have raised billions of dollars for mining enterprises both directly and indirectly. We look forward to working with them in building a significant company and creating shareholder value."

Maryse Belanger, new board of director chair, stated: "I am very pleased to be joining the board of Blue Moon, along with Christian who I worked closely with at Adventus Mining Corp., and Haytham who represented Wheaton Precious Metals as Adventus's largest stakeholder. In fact, I worked on the Blue Moon project for Westmin Mines Ltd. in the late 1980s. Our goal at Blue Moon is to build a significant zinc-copper-gold company, and we have a great start with the Blue Moon project in California. I have comfort working in California through my board representation at Equinox Gold, where we have two mines."

The resumes for the new board members are as displayed herein.

Maryse Belanger -- independent board chair

Ms. Belanger serves on the board of directors of Equinox Gold, where she is chair of its environment, social and governance committee, and is a member of its compensation and nomination committee. She has over 35 years of experience globally, with proven strengths in operational excellence and efficiency, technical studies, and services. She has provided oversight and project management support through some of the mining industry's key strategic acquisitions. Ms. Belanger was appointed chair of Adventus Mining's board of directors in March, 2024, prior to its sale to Silvercorp Metals in July, 2024, for $235-million. She was interim chief executive officer and board chair of Iamgold from 2022 to 2023, successfully overcoming financing and construction issues to advance the company's flagship Cote mine toward production. From 2016 to 2020, Ms. Belanger was president, chief operating officer and director of Atlantic Gold, where she guided the company's Touquoy mine through construction to production, and the eventual acquisition of Atlantic Gold by St. Barbara for $722-million. From 2014 to 2016, she served as CEO (chief executive officer) and managing director of Mirabela Nickel Ltd. where she is credited with the successful turnaround of the Santa Rita mine in Brazil. From 2011 to 2014, Ms. Belanger was a senior executive with Goldcorp where she was appointed senior vice-president, technical services. Prior to Goldcorp, Ms. Belanger was director, technical services, for Kinross Gold Corp. in Brazil and Chile. She was recognized twice by the Women in Mining U.K. 100 Global Inspirational Women in Mining Project as one the most inspirational global women in mining. She holds a bachelor of science degree in geology, a graduate certificate in geostatistics and ICDD designation.

Christian Kargl-Simard -- independent director

Mr. Kargl-Simard has over 20 years of experience in the mining industry, having worked both in technical and finance roles. He recently sold Adventus Mining Corp. to Silvercorp Metals for $235-million after starting with a $2-million exploration focused asset base in December, 2016. Prior to starting Adventus Mining, he worked for 10 years in investment banking roles at Raymond James Ltd. and Haywood Securities Inc. During his tenure in investment banking, Mr. Kargl-Simard was involved in financings raising more than $7-billion, and he assisted in completing over 35 M&A (merger and acquisition) transactions. Mr. Kargl-Simard also worked for Dynatec up to its sale to Sherritt International Corp. in 2007, both in metallurgical engineering and corporate development roles. Mr. Kargl-Simard holds a BASc degree in metallurgical engineering from the University of British Columbia. Mr. Kargl-Simard is also non-executive chairman of Surge Copper Corp.

Haytham Hodaly -- independent director

Mr. Hodaly is the senior vice-president, corporate development, of Wheaton Precious Metals and brings with him almost 30 years of experience in analyzing mining opportunities. He joined the company in 2012 and has since been involved with more than $9-billion (U.S.) worth of streaming transactions. Prior to joining Wheaton Precious Metals, Mr. Hodaly had spent more than 16 years in the North American securities industry, most recently as director and mining analyst, global mining research, at RBC Capital Markets. Prior to this, Mr. Hodaly held the position of co-director of research and senior mining analyst at Salman Partners Inc., in addition to holding the titles of vice-president and director of the firm. Mr. Hodaly is an engineer with a bachelor of applied science in mining and mineral processing engineering and a master of engineering, specializing in mineral economics, both obtained from the University of British Columbia. Mr. Hodaly currently serves as a director of the Denver Gold Group since 2019, and director of NEXE Innovations Inc. since 2020 and was formerly a director of Goldsource from 2017 until its acquisition in 2024.

About Blue Moon Metals Inc.

Blue Moon Metals is 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 and copper are currently on the United States Geological Survey list of metals critical to the United States economy and national security.

We seek Safe Harbor.