UPDATE: Blue Moon Metals To Acquire Apex Germanium And Gallium Mine From Teck Resources For 7.03M Shares

Blue Moon is acquiring 100% of the Apex mine, consisting of 26 patented and 9 unpatented claims for a total 250 Ha (the "Property"), all subject to a royalty capped at US$1M free and clear of all other encumbrances for the following consideration:

a)	The issuance by Blue Moon to Teck of 7,031,959 common shares representing 8.0% of Blue Moon's issued and outstanding common shares on an undiluted basis on the date of this announcement;
b)	A 0.5% net smelter returns royalty in favour of Teck on the Property;
c)	Life of mine zinc concentrate offtake rights in favour of Teck for the Blue Moon Mine. This offtake is on what Blue Moon believes to be preferential market terms due to the proximal location to Teck's Trail Operations;
d)	Marketing rights in favour of Teck in respect of products produced from Apex or the area extending 1-km from the outermost boundary of the Property; and
e)	Investor rights in favour of Teck including, without limitation, equity participation rights, top up rights, and information rights.

Key conditions precedent to completion of the Transaction is TSXV approval, negotiated definitive agreements acceptable to both parties, and other customary items customary to an asset sale transaction. A purchase and sale agreement has been executed by Teck and Blue Moon on February 27, 2026, and completion is expected to happen in March. No finders fees are being paid on this Transaction.