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MOON.V ·

Blue Moon Announces Grant of Stock Options

Share Capital & Compensation

MOON:TSX-V

BMOOF:OTCQB

Blue Moon Announces Grant of Stock Options

January 10 , 20 24 – Blue Moon Metals Inc. (TSXV: MOON; OTC QB: BMOOF) (the “ Company”)

announces the grant of 1, 200,000 stock options to officers, directors and consultants of the

Company. Each option is exercisable for five years at a price of $0.10 per common share. All

options vest over eighteen months with a third vesting every six months. The stock options are

governed by the terms and conditions of the Company’s stock option plan.

About Blue Moon Metals

Blue Moon Metals is advancing its Blue Moon polymetallic deposit which contains zinc, gold,

silver and copper. The property is well located with existing local infrastructure including paved

highways three miles from site; a hydroelectric power generation facility a few miles from the

site, a three-hour drive to the Oakland port and a four -hour drive to the service centre of Reno.

Zinc is currently on the USGS list of metals critical to the US economy and national security. The

Company also holds the Yava polymetallic project in Nunavut that is in the same volcanic

lithologies and south of Glencore’s Hackett River deposit. More information is available on the

company’s website (www.bluemoonmetals.com).

For more information, please contact:

Patrick McGrath, CEO

1-832-499-6009

[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains certain forward -looking statements within the meaning of applicable securities law.

Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend",

"believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or

"will" occur. Forward -looking statements are based on the opinions and estimates of management at the date the

statements are made and are subject to a variety of risks a nd uncertainties and other factors that could cause actual

events or results to differ materially from those projected in the forward -looking statements. The Company cannot

assure that actual results will be consistent with these forward-looking statements. They are made as of the date hereof

and are subject to change and the Company assumes no obligation to revise or update them to reflect new

circumstances, except as required by law. Prospective investors should not place undue reliance on forward looking

statements. These factors include the inherent risks involved in the resource industry.