Mr. Christian Kargl-Simard reports

BLUE MOON ANNOUNCES INITIAL RESULTS FROM ONGOING INFILL DRILLING CAMPAIGN AT ITS NUSSIR PROJECT AND FURTHER DEEP DRILLING EXPLORATION RESULTS

Blue Moon Metals Inc. has released new drilling results from its continuing surface infill program at the company's Nussir project, currently under construction in Finnmark, Norway. The infill program, initiated in March, aims to increase confidence in the project's reserves and particularly the proven category. The program is continuing, having originally started closest to initial planned mining locations, and progressing westward. Also included in this release are further results from the 1.2-kilometre-deep exploration campaign.

Infill drilling assay highlights

This news release includes assays from 12 surface infill holes. The HQ diamond drill (DD) holes total 2,628.6 metres, with starting depths ranging from 146.8 m to 459.8 m.

The 12 holes listed below test a strike length of over 700 m of the current indicated resource nearest the initial planned production areas, confirming mineralization continuity in areas with previously sparse intersections and with structural complexity. The intersections aim to upgrade the area to a measured resource while providing structural and geotechnical data that strengthen the understanding of structural controls on mineralization and the mine design.

The complete list of assay results, including true thickness estimates, is presented in Table 1. In addition to the grades listed below, NUS-DD-26-08 intersected 0.6 m at 0.69 gram per tonne platinum and 0.42 g/t palladium. This provides additional insight to previous showings of palladium and platinum previously encountered in hole NUS-DD-14-001.

There is a fan pattern that was aimed at a previous corridor of sparse drilling close to the area of earliest planned mine development and production. Holes such as GT-DD-26-05 were extended to assess ground conditions in areas of planned underground infrastructure. The fan confirms the presence of thicker mineralization in this area of the mineralized horizon, with intersects of up to 3.16 m in hole NUS-DD-26-04 returning copper grades above the cut-off grade of 0.3 per cent.

The infill drilling targeted shallow areas that were not tested in previous drilling, leaving this mineralized horizon unsampled and poorly defined, particularly the diabase intrusive that runs parallel to the mineralization. Holes such as NUS-DD-26-01 and NUS-DD-26-02 alleviate such issues and have subsequently yielded strong results.

There is a portion of the mineralized horizon that is affected by the presence of a large fault. Consequently, previous mineral resource estimates have been very conservative in this area which resulted in a break in the existing mine design. The analysis of these results constrains the fault boundaries and indicates additional tonnages extending from the known measured resource. Based on these findings, the mineral resource estimate (MRE) will be updated, leading to an optimized mine design.

Deep exploration drilling program

Blue Moon continues to expand the high-grade, deep mineralization in the western limb of the Nussir project, following up on the recommendations outlined in the National Instrument 43-101 technical report by Adam Wheeler, where a high-grade intercept of 9.7 metres at 1.22 per cent copper equivalent in hole NUS-DD-14-001 was identified at a depth of 1.2 km.

The company previously announced results from this zone in its April 15, 2026, news release, showcasing two successful intercepts of this high-grade zone returning 1.75 per cent copper, 0.16 g/t gold and 27.91 g/t silver (2.08 per cent CuEq) over 6.7 metres (NUS-DD-1401-02 at 1,166.5 metres) and 0.86 per cent Cu, 0.16 g/t Au and 27.75 g/t Ag (1.19 per cent CuEq) over 3.0 metres (NUS-DD-1401-03A at 1,120.7 metres).

This additional intersection is not only encouraging for the continuity of mineralization but also its thickness between the deeper intersections from April's press release and the existing resource defined in the 2025 mineral resource estimate. Observations are key to understanding the mineralization variability and zonation within the deposit. Hypotheses generated during continued studies of vein paragenesis and structural mapping strengthen the geological model and will guide further exploration programs.

Sampling and quality assurance/quality control

Drill core currently produced at Nussir is in both NQ and HQ diameters; the 2026 winter-spring infill program was drilled in HQ for greater sample yield for continuing metallurgical test work. This HQ drill core was sampled with half-sawn core for metallurgical test work and quarter core for multielement analysis. The NQ drill core, produced from all other programs, will use half core samples for multielement analysis. The remaining half and quarter core will be retained by Blue Moon for future reference.

Starting in March, 2026, Blue Moon's samples from Q1 drilling have been shipped and delivered to ALS Pitea in Sweden. Such material has also been complemented by previously unsampled, mineralized material, from historical drill cores stored at the Geological Survey of Norway's drill core archive at Lokken. Samples are prepared at ALS Pitea before being shipped to ALS's facility in Ireland, where they are subjected to fire assay and multielement analysis (currently ME-ICP61 and PGM-ICP24). The ALS laboratory in Pitea maintains ISO 17025 accreditation through Swedac.

Sample size is stipulated to be one metre while acknowledging boundaries such as lithological contacts. The current procedure is to sample 15 metres to either side of known and visual mineralization. Quality assurance/quality control samples, in the form of sample blanks, duplicates and certified reference materials (CRM), are currently inserted every eighth sample, equating to an insertion rate of 12.5 per cent. Duplicates are quarter core whilst CRM material, closely matched to the Nussir mineralization, is supplied from OREAS.

Extension of engagement of Outside The Box Capital Inc.

Blue Moon is pleased to announce that it has extended its engagement of Outside The Box Capital, a marketing services firm at 2202 Green Orchard Pl., Oakville, Ont., L6H 4V4, founded by Jason Coles and Kelvin Coelho, to provide marketing and investor awareness services. The prior announcement on March 6, 2026, which expires on Sept. 9, 2026, will be extended to Nov. 8, 2026.

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 company will make a follow-on payment of $175,000 (U.S.) to Outside The Box Capital for the remaining term of the engagement subject to TSX Venture Exchange acceptance. 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.

Winning Media LLC agreement

The company has entered into an investor relations and digital marketing services agreement dated Aug. 4, 2026, with Winning Media, an arm's length service provider based in Houston, Tex.

Under the terms of the agreement, Winning Media will provide a range of investor relations and digital marketing services, including programmatic advertising, financial content distribution, influencer outreach, native advertising, podcast placements, e-mail and SMS campaigns, and other on-line marketing initiatives designed to increase market awareness of the company.

The agreement is for an initial term of three months, commencing upon TSX-V acceptance. In consideration for the services, the company will pay Winning Media a total upfront fee of $100,000 (U.S.). No securities will be issued to Winning Media as compensation.

Winning Media and its principals are arm's length to the company and, to the knowledge of the company, do not currently own any securities of the company.

Qualified persons

The technical and scientific information of this news release has been reviewed and approved by Lazaros Dalampiras, MAusIMM, CP(Geo), Blue Moon's head of mineral resources and a non-independent qualified person, as defined by NI 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 project 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 Teck Resources Ltd., funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corp., Baker Steel Resources Trust, LNS and Monial.

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