Blue Moon acquires Turner Copper-Gold VMS deposit for Western U.S. hub

Blue Moon Acquires the Turner Copper-Gold VMS Deposit to Further Advance its Western U.S. Critical Mineral Hub and Spoke Model

PR Newswire

TORONTO , Sept. 23, 2026 /PRNewswire/ -- Blue Moon Metals Inc. (" Blue Moon " or the " Company ") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that it has signed a definitive agreement with Gold Coast Mining Inc. (" Gold Coast ") to acquire 100% of the Turner Copper-Gold (" Turner ") deposit located in O'Brien, Oregon. Turner is a past producing volcanic massive sulphide (" VMS ") deposit located near the border between Oregon and California. The deposit type and associated metals are similar the Company's Blue Moon Mine located near Mariposa, California (" Blue Moon Mine "), which the Company is currently advancing through the development of a ramp with underground diamond drilling ongoing into the mineralization.

Christian Kargl-Simard, CEO of Blue Moon states: "Through our screening of Western US critical metals projects, Turner clearly met our spoke requirements with potential scale, timeline and logistics to our Springer hub. There is a clear synergy with the Blue Moon Mine to unlock with nearby rail infrastructure. Turner has seen limited exploration, with the potential for a VMS camp, along with unquantified cobalt potential. We plan to aggressively explore and develop Turner with establishment of an exploration drive into the deposit including both surface and underground drilling to support metallurgical work as soon as possible."

The Company believes that material that is extracted from Turner and the Blue Moon Mine may allow for comingling, or at least, use a similar flotation mill to produce both copper and zinc concentrates with strong precious metals credits. Additional metallurgical and engineering-related studies are required to verify if comingling is possible befor