RED MOON – Issues Stock Options

TSXV: RMK 333 Duckworth Street, St. John's NL, A1C 1G9 Telephone: (709) 754-3186 Fax: (709) 754-3946

RedMoonResources.com [email protected]

RED MOON – Issues Stock Options

St. John’s, Newfoundland and Labrador, April 09, 2021 - Red Moon Resources Inc. (the “Company” or “Red Moon” - TSXV: RMK) announces that the Company has granted 1,700,000 Directors’ and Officers stock options (options) exercisable at $0.50 for a period of five years. Fifty percent of the options vest immediately and 50% vest on July 01, 2022. The Company has reserved 6,770,000 listed shares for issuance under its stock option plan, of which 4,440,000 options have been issued prior to the current issue.

About Red Moon Resources

Red Moon Resources Inc. is an emerging commodities leader in Atlantic Canada, focused on Newfoundland and Labrador, with 100% ownership of the Great Atlantic salt deposit in addition to a producing gypsum mine and an early-stage nepheline discovery.

For information, please contact:

Patrick J. Laracy, CEO (709) 754-3186 [email protected] RedMoonResources.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors beyond the Company’s control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.