Canadian Investment Regulatory Organization Trade Resumption - MOON

Blue Moon Metals Inc.(TSXV:MOON; OTCQB:BMOOF) (the " Company ") is pleased to announce the commencement of its drilling program to explore and expand the Blue Moon polymetallic volcanic massive sulphide ("VMS") deposit. The initial program consists of 3-4 step-out holes totalling up to 2,400 metres. The holes will test a number of high-impact targets shown on the below long section

Patrick McGrath, Chief Executive officer, stated, "We are excited to announce the resumption of drilling for resource expansion as well as high impact exploration targets in search of new VMS lenses. Since the successful program in early 2020, we have spent considerable resources reviewing the historical data and identified multiple exploration and development drilling opportunities as outlined below, all of which could dramatically change the upside potential size of the Blue Moon deposit. This is an exploration program our Company has been anxiously awaiting. It is well known that VMS deposits are found in clusters or pods and the potential to find additional massive sulphide lenses is very promising. Blue Moon has a 43-101 Inferred Mineral Resource dated November 14, 2018 consisting of 10 million ounces silver, 771 million pounds of zinc, 71 million pounds of copper, and 300,000 ounces of gold."

Blue Moon Metals Inc. (TSXV:MOON)(OTCQB:BMOOF) (the "Company") announces it has signed a drilling contract to carry out its 2021 drill program on its 100% owned Blue Moon polymetallic volcanic massive sulphide ("VMS") project in the United States. The core drilling campaign is expected to commence in late August and is designed to explore for down dip extensions of the deposit as well as to test for additional lenses to the south of the currently defined deposit

"Over the past few months Blue Moon has spent considerable time reviewing the historical data and identified multiple exploration drilling opportunities, all of which could dramatically change the upside potential size of the Blue Moon deposit. This is an exploration program our team has been anxiously awaiting to start." Commented Patrick McGrath, CEO of Blue Moon.

Blue Moon Metals Inc. (TSXV: MOON)(OTCQB:BMOOF) (the "Company") announces it has closed a $1,127,446 non-brokered private placement and is now funded for its upcoming drill program on its 100% owned Blue Moon polymetallic VMS project in the United States. The financing is at a price of $0.06 per unit (the "Unit") with each Unit consisting of one common share and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one common share at a price of $0.12 per share for a period of 36 months subject to an acceleration right if the common shares trade at $0.25 or higher for 10 consecutive days

Blue Moon Metals Inc. (TSXV:MOON)(OTCQB:BMOOF) (the "Company") announces it has arranged a non-brokered private placement of $1 million to proceed with a drilling program on its 100% owned Blue Moon polymetallic VMS project in the United States. The drilling will be building on the successful results announced in 2019 and 2020 with a combination of resource expansion and step-out opportunities

The financing is at a price of $0.06 per unit (the "Unit") with each Unit consisting of one common share and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one common share at a price of $0.12 per share for a period of 36 months subject to an acceleration right if the common shares trade at $0.25 or higher for 10 consecutive days. The private placement is subject to regulatory approval.

Blue Moon Metals Inc. (TSXV:MOON)(OTCQB:BMOOF) (the "Company") is pleased to announce the Company's common shares will be upgraded and quoted on the OTCQB Market exchange in the United States effective today, May 11, 2021. The Company's shares will continue to trade on the TSX Venture Exchange (TSXV) under the symbol TSXV:MOON

Moving to the OTCQB in the United States will provide existing shareholders with an additional trading platform to the TSX Venture Exchange and introduce the Company to a broader range of retail and institutional investors that a U.S. listing provides. The Company's flagship 100% owned Blue Moon zinc-silver-copper-gold deposit is located in the United States.