Mr. Christian Kargl-Simard reports

BLUE MOON PROVIDES UPDATE ON FINANCING AND ENGAGEMENT OF OUTSIDE THE BOX CAPITAL

Further to the news release dated March 3, 2026, regarding the previously announced financing with Leonhard Nilsen & Sonner AS, Hartree Partners LP, an existing shareholder of Blue Moon Metals Inc., has elected to exercise its pre-emptive right to subscribe for 12,613 common shares of the company at a price of $7.208 per common share. With the Hartree subscription, the financing will consist of an aggregate of 181,127 common shares for total gross proceeds of $1,305,563.41.

Hartree's pre-emptive right to participate in the financing, pursuant to a pre-existing agreement between the company and Hartree, was triggered by the LNS subscription. The Hartree subscription is expected to close concurrently with the closing of the LNS subscription on or about March 9, 2026.

The financing is subject to approval by the TSX Venture Exchange. No finders' fees were paid in connection with the financing, and the common shares issued pursuant to the financing will be subject to a statutory four-month-and-one-day hold period from the date of issuance. The proceeds from the financing are expected to be used for underground development at the company's Nussir project in Norway.

Engagement of Outside The Box Capital Inc.

Blue Moon is pleased to announce that it has engaged Outside The Box Capital Inc., a marketing service firm, founded by Jason Coles and Kelvin Coelho, to provide marketing and investor awareness services.

The services will include, but are not limited to, planning and creating social media content, assisting the company with its various social media channels, increasing investor awareness in new communities, and producing feature content about the company on its own and other third party media platforms.

The engagement is for a term of six months commencing March 9, 2026. The company will make an upfront payment of $200,000 (U.S.) to Outside The Box Capital for the term of the engagement. No securities will be issued as compensation.

Outside The Box Capital has no direct relationship with the company other than pursuant to this engagement. To the best of the company's knowledge, as of the date hereof, Outside The Box Capital, including its directors and officers, does not own, directly or indirectly, any securities of the company, nor does it have any right to acquire such securities. Outside The Box Capital may acquire securities of the company in the open market in the future; however, it will not receive any securities as compensation for the services.

About Blue Moon Metals Inc.

Blue Moon is advancing five brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper in the United States. All five projects are well located with existing local infrastructure, including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the U.S. Geological Survey and European Union list of metals critical to the global economy and national security, and germanium and gallium are also on the USGS list of critical metals. Major shareholders include funds managed by Oaktree Capital Management, Hartree Partners, Wheaton Precious Metals, Altius Minerals Corp., Baker Steel Resources Trust, LNS and Monial.

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