Toronto, Ontario--(Newsfile Corp. - July 16, 2026) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) ("Moon River" or the "Company) is pleased to announce that it has engaged Concentrator Support Ltd. ("CSL") as consultant to provide engineering and metallurgical services for the Davidson Molybdenum-Copper-Tungsten Deposit (the "Davidson Project") near Smithers, in west-central British Columbia, Canada. Under the Consulting Agreement, Cameron Lilly, P. Eng., President of CSL, will serve as Project Manager for the Davidson Project and as Technical Advisor for the Company's 25% interest in the Endako Mine ("Endako"). Mr. Lilly has over 25 years of experience in the mining industry and has held various positions including contract, project and senior metallurgist; mill manager; process engineer; mill management contractor; senior process engineer; and consulting engineer.
Paul Parisotto, President, and CEO, stated, "Mr. Lilly's experience and skills will be a great contribution as Moon River moves forward with its further engineering studies to advance and derisk the Davidson Project, including providing oversight to the ongoing tungsten flotation test work currently being undertaken at Base Metallurgical Laboratories Ltd. in Kamloops, BC and planning for development of the Davidson Project."
Moon River completed an updated preliminary economic assessment to further de-risk the Davidson Project and determine the economic potential of the deposit in December 2025 prepared by A-Z Mining Professionals Ltd. ("AMPL"). The independent technical report entitled the National Instrument NI 43-101 Technical Report for the Davidson Mine Preliminary Economic Assessment ("PEA") ("the Davidson Mine Technical Report") dated February 6, 2026, with an effective date of December 23, 2025, was filed on www.sedarplus.ca. (See press releases dated December 23, 2025, and February 6, 2026) and is available on Moon River's website www.moonrivermoly.com.
Mr. Lilly has been granted stock options under the Company's Stock Option Plan to acquire 400,000 common shares of Moon River at $0.72 per share for a ten-year term.
About CSL
CSL is a mining engineering and metallurgical consulting firm. Mr. Cameron Lilly, the Principal of CSL has extensive engineering and operating experience in mills serving both underground and open-pit mines. CSL will bring extensive knowledge to assist Moon River with the advancement and future development of the Davidson Project and provide technical advice to the Company regarding its 25% interest in the Endako Mine.