Mr. Christian Kargl-Simard reports

BLUE MOON ANNOUNCES PROPOSED SHARE CONSOLIDATION

Blue Moon Metals Inc. directors have approved a consolidation of its share capital on the basis of one new common share for up to every existing 10 common shares, subject to regulatory approval, including approval of the TSX Venture Exchange. The final consolidation ratio is subject to determination by the board, in compliance with regulatory requirements.

The effective date of the consolidation and the new Cusip and ISIN of the postconsolidation common shares will be announced in a separate news release once the company receives approval from the TSX-V. The company's name and trading symbol will remain unchanged.

As a result of the consolidation, and assuming the maximum ratio of 10 preconsolidation common shares to one postconsolidation common share, it is expected that the 451,492,486 common shares which are currently issued and outstanding, will be reduced to approximately 45,149,248 common shares, subject to rounding. The number of postconsolidation common shares outstanding will depend on the final consolidation ratio determined by the board, in compliance with regulatory requirements. Where the exchange would otherwise result in a shareholder being entitled to a fractional common share, the number of postconsolidation common shares issued to such holder of common shares shall, without any additional compensation, be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5, and, in calculating such fractional interests, all common shares registered in the name of and held by such shareholder shall be aggregated.

The directors believe the consolidation will enhance the marketability of the common shares as an investment and help to facilitate additional financings to finance future operations.

The consolidation is being conducted on a push-out basis. Shareholders of the company, with or without a physical share certificate, do not need to take any action with respect to the consolidation. Share certificates and DRS statements for the postconsolidation common shares will be mailed after the consolidation is effected. Existing share certificates will be cancelled.

About Blue Moon Metals Inc.

Blue Moon is advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States. All three projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the United States Geological Survey and European Union list of metals critical to the global economy and national security.

We seek Safe Harbor.