Moonbound Mining Ltd. announced that it has completed its the 2023 Field Program (the "Program") at its Yak Property in northwestern British Columbia. The program was conducted over four days in July and focused on surface prospecting and silt sampling. The program provided good coverage with 77 (5 rock and 72 silt) samples collected across the property.

The samples were delivered to Bureau Veritas prep facility located in Whitehorse. The program covered ground in the NW and SE portions of the property and additional coverage in the north central portion of the property. There were silt anomalies in the eastern and western portions of the project.

Gold showings appear to remain clustered around the known showings, but may indicate additional mineralization or that the mineralization is more continuous than the minfile occurrences suggest. Due to limited availability and cost for helicopters during this particularly heavy fire season, this is a positive step forward on the exploration of the property. The Project is 80 kilometres south of Whitehorse, Yukon Territory, immediately south of the Yukon border and east of the Alaskan border in northwestern British Columbia, covering an area of 4,020 hectares.

The Yak Project is underlain by the southern margin of the Bennet Lake Caldera, with an eroded structural dome and thick successions of pyroclastic and epiclastic Eocene age, Skukum group volcanic rocks. Cretaceous coast plutonic suite granodiorites and quartz monzonites are noted in the area as well. The geological setting is favourable for lowsulphidation epithermal goldsilver veins or mesothermal lode gold.