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Moonbound Mining Completes Acquisition of 1442160 B.C. Ltd., Closes $4,200,000 Subscription Receipt Offering and First Tranche of Private Placement

Vancouver, British Columbia (Newsfile Corp. - January 29, 2024) - Moonbound Mining Ltd. (CSE: MML) (the "Company") announces that, further to its news releases dated December 15, 2023 and January 5, 2024, it has closed (the "Closing") the acquisition of all of the issued and outstanding common shares of 1442160 B.C. Ltd. ("NumberCo") from the shareholders of NumberCo (each, a "NumberCo Shareholder") pursuant to a share exchange agreement (the "Share Exchange Agreement") dated January 3, . ....

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