Blue Moon Metals to acquire certain claims from GoldPlay for shares, cash

Blue Moon Metals (BMM) has entered into an agreement to acquire certain claims adjacent to the Company’s Springer Mine, located in Pershing County, Nevada, USA, from GoldPlay and Robert Schafer for consideration of 188,199 common shares of Blue Moon, $1M cash and a sliding scale gross revenue royalty on the concessions. The Claims consist of nine unpatented mineral claims. The Claims cover a portion of some historically identified veins including the Stank deposit, the O’Byrne deposits and a portion of the Sutton deposit, and have seen high-grade tungsten trioxide drill results such as 1.0m @ 3.95% WO3 in SU-43. Blue Moon is acquiring 100% of the Claims free and clear of all other encumbrances for the following consideration: the issuance by Blue Moon to the Sellers of 188,199 common shares of Blue Moon; and $1M in cash; and a sliding scale GRR, payable on mineral production on the Claims, and subject to an option in favour of Blue Moon to buy down the GRR to 1.5% for a period of 3 years for a cash payment of $2M. Key condition precedent to completion of the Acquisition is TSXV approval. A purchase and sale agreement has been executed by the parties on April 27, 2026, and completion is expected to happen by early May. No finders’ fees are being paid on this Acquisition.