Blue Moon Discovers Additional Zone, West of Current Mineral Zone

VANCOUVER, November 8, 2021 - Blue Moon Metals Inc. (TSXV:MOON)(OTCQB:BMOOF) (the " Company ") is pleased to report on exploration progress at its property, the polymetallic Blue Moon project containing zinc, silver, gold, and copper located in the accreted terrains of the Western Sierra Metamorphic Belt.

Patrick McGrath, Chief Executive officer, stated, "We are excited to announce that our BM-83 exploration hole intersected visible massive and semi-massive sulfide mineralization over 100 feet of core length. BM-83 was targeting an untested electromagnetic target south of the Blue Moon deposit and appears to have discovered a new massive sulphide lens."

Hole BM-83 (Off-Hole Conductor)

A new discovery was made testing a geophysics conductor target, located west of the three previously discovered Blue Moon mineral zones and south of the American Eagle workings. This new Zone was discovered deep and lateral to the previous mineral system. The Zinc Sulfide (Sphalerite) encountered in this new discovery has a different hue from the other zones which may indicate a separate emplacement pulse with slightly different timing which could add to the currently known zones. This conductor was revealed first as stringers and blebs of sulfides were encountered starting at a core depth of 2,363 feet and continued until the banded and massive interval from 2,400-2,452 feet (52 feet interval at a vertical depth from surface of approximately 800 feet) then mineralization tapered off into another stringer zone down to 2,461 feet at core depth. The whole mineral rich zone covered near 100 feet of core length (core length not true thickness) . Higher up in the hole several smaller zones were encountered indicated by the section and in the table. The mineralization is hosted in rhyolite and rhyolite tuffs of the Gopher Ridge Formation. The stringer and main zone of sulfides are composed of Sphalerite, Chalcopyrite, Galena Tetrahedrite and Pyrite. Details of the assay will be discussed as results become available. In the photos below, the part of the mineralized zone drill interval is displayed.

Photo from Mineral zone of BM-83hole depth 2,440.9 feet. Red brown mineral is sphalerite. Brassy mineral is Chalcopyrite.

Hole BM -81 (American Eagle)

BM-81 was set to test for continuity of the mineral zone between the old American Eagle workings near surface and the historical hole AE1 which indicated significant mineral zones. Several significant zones were intercepted in the drilling which are indicated in Table 1 below. This confirmed the continuity from the American Eagle workings and historical hole AE1. Details of the assay will be discussed as results become available.

Blue Moon Long Section

Long section showing pierce points of drill-holes on grid 7600E section with respect to hole BM-83 and BM-81. Hole BM-84 is the next hole in the drill program. BM-82 was abandoned at 577 feet due to deviation and does not plot on the section. The second attempt was BM-83 which reached the target.

Blue Moon Cross Section of Discovery Hole BM-83

Cross section showing location of hole BM-83 relative to other holes on section. Stringer mineralization in Hole B-70 is interpreted to be a feeder zone a nearby massive sulphide lens which could be what hole BM-83 intersected.

Mineralized intercepts are core length and not true thickness

About Blue Moon Metals

Blue Moon Metals (TSX.V: MOON; OTCQB: BMOOF) is currently advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver and copper. The property is well located with existing local infrastructures including paved highways three miles from site; a hydroelectric power generation facility a few miles from site, three-hour drive to the Oakland port and a four-hour drive to service centre of Reno. The deposit is open at depth and along strike. The Blue Moon 43-101 Mineral Resource includes 7.8 million inferred tons at 8.07% zinc equivalent (4.95% zinc, 0.04 oz/t gold, 0.46% copper, 1.33 oz/t silver), containing 771 million pounds of zinc, 300,000 ounces of gold, 71 million pounds of copper, and 10 million ounces of silver. The 43-101 Mineral Resource report dated November 14, 2018 was authored by Gary Giroux, P. Eng., and Lawrence O'Connor, a QP, and entitled "Resource Estimate for the Blue Moon Massive Sulphide Occurrence". The 43-101 and related press release with details on the resource are available on the company's website and were filed on www.sedar.com on November 20, 2018. The Company also holds 100% of 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).

Qualified Persons

Richard Walker, CPG, is a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this press release.

For more information please contact:

Patrick McGrath, CEO
+1-832-499-6009
pmcgrath@bluemoonmining.com

Investor Contact:

Kevin Shum
Investor Relations
+1-647-725-3888 ext702
kevin@jeminicapital.com

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.

Resource estimates included in this news release are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions set forth in the relevant technical report and otherwise, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices for commodities, the results of future exploration, uncertainties related to the ability to obtain necessary permits, licenses and titles, changes in government policies regarding mining, continued availability of capital and financing, drilling results and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

SOURCE: Blue Moon Metals Inc.