Blue Moon Metals Inc.

2026 DRILLING PROGRAM

Blue Moon has signed a Limited Notice to Proceed (LNTP) with Geotech Drilling Services Ltd. for an initial 67,000-metre, two-phase diamond drilling program utilizing up tosix diamond drill rigs. Drilling is expected to commence during the first half of August, initially utilizing two diamond drill rigs, with additional rigs to be mobilized in phases as the program progresses toward the full six-rig configuration and it is anticipated tobe finished by the first quarter of 2027.

Thedrilling program is planned in two phases, with the initial phase designed to rapidly evaluate the near-surface mineralized zones while advancing permitting and planning for a larger follow-up campaign. Phase 1 will consist of approximately 7,000 metres of diamond drilling, with planned hole depths ranging from 200 to 300 metres. The program will target known mineralized zones above the water table, focusing on the shallow northwestern portion of the deposit atthe George Pit area and southeastern portions of the deposit located on private land atthe Sutton Underground beds (Figure 1). This phase is expected to provide important geological and structural information to support the near-term mine planning for the George Pit and Sutton Underground Mine, while also refining exploration targets for the subsequent drill campaign. Historical highlight drill intercepts from the Sutton target area include:

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Table 1. Highlight summary of Sutton and George beds historical assay results using 0.05% cut-off grade¹.

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Figure 1. Cross section of historical drill intercepts of mineralized Sutton skarn beds, Sutton 3 shaft and Sutton underground workings located on private land.

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Phase 2 is planned to comprise approximately 60,000 metres of diamond drilling, with hole depths ranging from 300 to 1,000 metres. The program will target mineralization below the water table and test both the lateral and down-plunge extensions of the known-high grade scheelite rich beds. The Company intends to complete all drilling on private land before expanding the program onto unpatented lode claims administered by the U.S. Bureau of Land Management ("BLM") (Figure 2). See Blue Moon’s press release from February 27,2026 for disclosure on historical resources from Springer.

Figure 2. Collar location map by quadrant and land ownership, showing Blue Moon drill collars on private land (purple) and BLM unpatented lode claim land (pink).