Blue Moon Metals (TSXV:MOON) Announces Comprehensive 2026 Drilling Programs

TORONTO, Ontario — February 11, 2026 — Leads & Copy — Blue Moon Metals Inc. (TSXV: MOON) (NASDAQ: BMM) has announced its 2026 drilling plans, which include underground and surface infill and step-out drilling across its four projects in the United States and Norway. The company will also conduct a drill program at the Springer Tungsten Mine.

According to the company, the programs are intended to support ongoing geological evaluation and project advancement.

Blue Moon’s VP Exploration, Theodore Veligrakis, stated that the 2026 drilling plans underscore the commodity diversity of their portfolio, including their tungsten assets, while maintaining a clear focus on advancing their core projects. He added that the exploration, re-assaying and drilling programs reflect the diversity of their asset base, with exposure to multiple commodities, including a growing focus on tungsten and other critical metals while continuing to advance their copper projects in Norway and the Western United States.

The company expects 35,000 to 45,000 meters of diamond drilling in 2026, covering at least copper, zinc, gold, silver, tungsten, molybdenum, platinum, palladium and barite.

At the Nussir Copper-Gold-Silver Project, the planned infill drilling program will focus on the eastern portion of the current mineral resource. The program is expected to include approximately 3,000 meters of surface drilling designed to achieve nominal drill spacing of approximately 75 by 75 meters in the upper part of the mineralized zone. In addition, approximately 7,000 meters of underground drilling is planned, comprising up and down dip oriented drillholes from five underground drill stations, targeting the deeper, copper-rich portion of the mineralization. The Nussir underground exploration decline continues to advance steadily. Since June 2025, the Company’s mining contractor, Leonhard Nilsen & Sønner AS (“LNS”), has advanced a total of 1,125 meters as of February 9th.

According to the release, the infill drilling program will also allow the company to test the eastern parallel zone, a thinner, copper-rich horizon located approximately 80 meters above the main mineralized body, which extends for approximately 10 kilometers along strike.

In addition, the 4,000 meters surface directional drilling program at Nussir, as described in the December 1, 2025 press release, has recommenced following the holiday break. The aim of the program is to materially expand the current mineral resource estimate while testing for potential extensions of higher-grade mineralization at depth. Drilling is being completed from a single parent (“mother”) drillhole, with the deepest daughter hole extending to approximately 1,250 meters below surface. The primary objective of the program is to infill an approximately 650-meter gap between the current MRE and the high-grade intersection in drillhole NUS-DD-14-001, which returned 9.7 meters (7.4 meters true width) grading 0.93% Cu, 0.28 g/t Au, 11.5 g/t Ag and 1.22% CuEq (including 1 meter @ 1.96 g/t PGE).

At the Blue Moon Polymetallic Project in Mariposa County, California, the ongoing 16,000 meters drilling program is intended to infill existing drill coverage to a nominal spacing of approximately 50 meters by 50 meters. The program is designed to support the potential conversion of portions of the current inferred mineral resources to the indicated category, with any resulting updates expected to inform further detailed studies planned for the following year.

Diamond drilling has recently commenced from the underground exploration decline, with approximately 8,000 meters to be completed from three underground drill stations targeting the central and upper portions of the volcanogenic massive sulphide (“VMS”) deposit. The remaining approximately 8,000 meters of drilling is planned from surface locations, targeting the deeper portions of the currently defined mineral resource. Selected drill holes will be completed with downhole geophysical surveys, including electromagnetic methods, to assist in identifying additional mineralization and generating new exploration targets, particularly to the northwest and along up-dip and down-dip extensions.

Historic drilling has returned encouraging polymetallic intercepts within the VMS system, such as drillhole CH-09 which has intersected 14.40 meters @ 4.97% Zn, 0.25% Cu, 4.5 g/t Au and 26.66 g/t Ag and 18.46% ZnEq1,2 from 371.20 meters and a second higher-grade interval of 10.88 meters @ 5.55% Zn, 0.32% Cu, 4.81 g/t Au and 261.3 g/t Ag and 27.92% ZnEq1,2 from 390.30 meters. These intercepts occur within the northwestern part of the mineralized system and demonstrate both grade continuity and local high-grade enrichment. The Company considers these zones to be priority areas for follow-up drilling, with clear potential to infill and expand mineralization to the northwest and along interpreted up-dip and down-dip extensions of the deposit.

In January 2026, Blue Moon acquired the mineral rights to the Western Property, and the rights to drill from surface. The company expects to drill 8,000 meters from surface from the NW area to expand the high-grade resources to the NW.

The Company is currently undertaking a systematic re-logging and re-sampling program of the historic drill core, including previously unsampled mineralized intersections. The program is designed to validate the historical dataset, support an updated mineral resource estimate incorporating new assay data from this year’s drill program, and refine the geological and structural interpretation of the mineralized system.

At the NSG Copper-Zinc VMS Project, following the review and relogging of historic Rupsi drill core at the Geological Survey of Norway (NGU) National Core Archive in Løkken, the technical team has finalized plans for a staged underground drilling program totaling approximately 10,000 meters at the Rupsi underground tunnel focusing on infill and expansion of the 9.23 Mt inferred resource of 1.19% Cu and 0.31% Zn.

The program is planned to commence with the extension of the existing Rupsi tunnel, with the first approximately 150 meters of development providing access to two underground drill stations. From these stations, approximately 1,600 meters of up-dip oriented drilling is planned on both sides of the tunnel to test the previously undrilled up-dip extension of the Rupsi mineralized body. Following this initial phase, underground development is planned to continue to a second set of drill stations, from which additional infill and step-out drilling is planned to further evaluate and potentially expand the currently defined mineral resource.

The company reports that all necessary permits have been obtained, from the Norwegian Directorate of Mining, to access the Avilon underground tunnel. Following an underground inspection and assessment of the existing infrastructure, the Company plans to complete approximately 1,500 meters of underground drilling at Avilon, targeting resource expansion (Sagmo deposit) to the west.

The Springer Tungsten Mine is planned to be advanced through a multi-phase work program in 2026. The initial phase will focus on a detailed review of available historical information, including drill logs, core where accessible, cross-sections, assay data and the existing block model covering the Sutton I and Sutton II tungsten skarn deposits. This work will be used to refine the current geological interpretation and to guide the design of a follow-up drilling program.

Subject to the outcome of the data review, the Company plans to complete approximately 5,000 meters of resource evaluation drilling. The program is expected to include a combination of twinning, infill, and step-out drilling targeting the higher-grade scheelite skarn mineralization. Drilling will also test for base and precious metals, which have received limited attention in previous work and are largely absent from the existing dataset.

A further phase of work is planned to assess additional mineralized horizons located to the east of the main skarn bodies. Historical work in these areas outlines multiple mineralized beds and indicates potential for resource growth, based on historic operations by General Electric when the mine was in production in the early 1980s. Available information suggests that molybdenum and tungsten grades increase at depth; however, no systematic assays have been recorded for these elements, there is limited historical data regarding associated gold and copper mineralization, and no mineral resource has been defined for molybdenum. The deposit setting also provides broader exploration potential, given the association of skarn mineralization with nearby porphyry, carbonate replacement, and epithermal systems.

The Springer Property consists of approximately 3,000 hectares of mineral claims and fee lands. The mineral resource is located entirely on private fee lands.

The historical mineral resource on the Property is: