Mr. Christian Kargl-Simard reports

BLUE MOON CLOSES THE PURCHASE OF THE APEX GERMANIUM AND GALLIUM MINE FROM TECK

Blue Moon Metals Inc. has have closed the acquisition of the Apex mine from Teck American Inc., a subsidiary of Teck Resources Ltd. The transaction was previously announced on Feb. 27, 2026. Teck has been issued 7,031,959 common shares of Blue Moon representing 8.0 per cent of Blue Moon's issued and outstanding common shares on an undiluted basis. Blue Moon has received TSX-V approval for the transaction.

In connection with the closing of the transaction, Blue Moon wishes to highlight the following:

• The transaction is at arm's length between Teck and the company and no finders' fees are being paid on the transaction.
• The Apex mine consists of 24 patented claims (rather than 26 indicated in the Feb. 27, 2026, press release) and nine unpatented claims.
• As part of the transaction, Blue Moon is granting a 0.5-per-cent net smelter returns royalty in favour of Teck on the property.
• As part of the transaction, Blue Moon has entered into an investor rights agreement in favour of Teck, which includes, among other things, equity participation rights, top-up rights and information rights.
• As part of the transaction, Blue Moon is assuming a 3.0-per-cent NSR royalty obligation on the Apex mine claims.
• For the zinc offtake Teck is receiving for the life of mine from the Blue Moon mine, zinc payabilities and treatment charges are consistent with prevailing industry benchmarks.
• The marketing agreement as disclosed in the Feb. 27, 2026, press release has been replaced by an offtake agreement on the Apex mine claims, Teck to pay the company the market value of the products minus a fixed percentage, such market value to be assessed annually.

Qualified persons

The technical and scientific information of this news release has been reviewed and approved by Boi Linh Doig, PEng, a Blue Moon officer, and a non-independent qualified person, as defined by National Instrument 43-101.

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 USGS (United States Geological Survey) and EU (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 LP, Teck Resources Ltd., Wheaton Precious Metals, Altius Minerals Corp., Baker Steel Resources Trust, LNS and Monial.

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