Blue Moon Metals Inc. Underwriting Agreement

Blue Moon Metals Inc. has entered into an Underwriting Agreement with Scotia Capital Inc., Canaccord Genuity Corp., and ATB Capital Markets Corp. as joint bookrunners, along with other underwriters. The agreement, dated April 29, 2026, outlines the terms for the issuance and sale of 10,000,000 common shares at C$10.00 per share, totaling C$100,000,000. An additional option for up to 1,300,000 common shares is granted to the underwriters for over-allotment purposes. The offering is being conducted on a bought deal basis or through substituted purchasers, with a commission of 5.0% payable to the underwriters, reduced to 2.5% for shares purchased from specific entities. The agreement details various conditions, representations, warranties, and covenants related to the offering, including compliance with securities laws in Canada and the United States, due diligence procedures, and the delivery of required documentation. The corporation also intends to conduct a concurrent private placement of 5,000,000 common shares. The closing of the offering is scheduled for May 6, 2026.