Blue Moon drills infill and deep exploration at Nussir

Canada NewsWire

TORONTO , Aug. 10, 2026 /CNW/ -- Blue Moon Metals Inc. (" Blue Moon " or the " Company ") (TSXV: MOON) (NASDAQ: BMM), is pleased to announce new drilling results from its ongoing surface infill program at the Company's Nussir Project (the " Project "), currently under construction in Finnmark, Norway. The infill program, initiated in March, aims to increase confidence in the Project's reserves, and particularly the proven category. The program is ongoing, having originally started closest to initial planned mining locations, and progressing westwards. Also included in this release are further results from the 1.2 km deep exploration campaign.

INFILL DRILLING ASSAY HIGHLIGHTS

This news release includes assays from 12 surface infill holes. The HQ diamond drill (" DD ") holes total 2,628.6 m with starting depths ranging from 146.8 m to 459.8 m.

The 12 holes listed below test a strike length of over 700 m of the current Indicated Resource nearest the initial planned production areas, confirming mineralization continuity in areas with previously sparse intersections and with structural complexity. The intersections aim to upgrade the area to a Measured Resource while providing structural and geotechnical data that strengthen the understanding of structural controls on mineralization and the mine design.

The complete list of assay results, including true thickness estimates, are presented in Table 1. In addition to the grades listed below, NUS-DD-26-08 intersected 0.6 m at 0.69 g/t Pt and 0.42 g/t Pd. This provides additional insight to previous showings of palladium and platinum previously encountered in hole NUS-DD-14-001.

Table 1. Length-weighted assay returns above the cut-off grade of 0.30% Cu from the ongoing infill drilling program

The sections and plan view shown in Figures