Blue Moon Metals : August 1, 2023Blue Moon Announces 2023 Shareholder Meeting Results

MOON:TSX-V

BMOOF:OTCQB

Blue Moon Announces 2023 Shareholder Meeting Results

August 1, 2023 - Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the "Company") announces the results of its annual general meeting (the "Meeting") of shareholders held on August 1, 2023. All the motions presented to the shareholders were approved.

Votes representing 16,033,429 shares were cast, representing 60.72% of the issued and outstanding shares at the record date. A summary of the Meeting results is outlined below.

Motion	Votes for the Motion	Percentage of Votes in Favour
Number of Directors	13,733,058	85.65%
Patrick McGrath	13,444,222	85.34%
Douglas Urch	13,453,628	85.40%
Jonathan Gagne	13,454,223	85.40%
Appointment of Auditor	13,765,149	85.85%
Approval of Stock Option Plan	13,437,038	85.30%

The Company also announces that its shareholders have approved the Company's 2023 stock option plan (the "Plan"). The Plan is a "rolling" stock option plan which governs the granting of stock options to directors, officers, employees and consultants of the Company or a subsidiary of the Company for the purchase of up to 10% of the issued and outstanding common shares in the capital of the Company from time to time. Any stock options currently outstanding under the superseded stock option plan will remain outstanding as at the effective date, however new stock option grants will be subject to the Plan. The Plan is subject to final approval by the TSX Venture Exchange. Further details regarding the Plan are included in the management information circular of the Company filed on SEDAR in connection with the Meeting.

The Company is evaluating several proposals for the preparation of an updated mineral resource report for the Blue Moon polymetallic project and other work related to the project now that the Company has a stronger cash position as a result of recent financings. The Company is also reviewing new opportunities.

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

MOON:TSX-V

BMOOF:OTCQB

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. A 43- 101 resource report is available on the Company's website and was filed on www.sedar.com on November 20, 2018. 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 [e-mail]

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 and 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.