Cape Lithium Corp. — Capital/Financing Update 2024

Jul 2, 2024

51-102F3 MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Moonbound Mining Ltd. (the “ Company ”) Suite 2250 - 1055 West Hastings Street Vancouver, British Columbia, V6E 2E9

Item 2 Date of Material Change

June 27, 2024

Item 3 News Release

The news release dated June 27, 2024 was disseminated through The Newswire on June 27, 2024.

Item 4 Summary of Material Change

The Company closed a sixth tranche of its previously announced non-brokered private placement offering (the “ Offering ”) and issued 2,622,167 common shares (each, a “ Share ”) in the capital of the Company at a price of $0.30 per Share for gross proceeds of $786,650.10. To date, the Company has issued 27,176,841 Shares and received an aggregate of $8,153,052.30 from the Offering.

Item 5 Full Description of Material Change

5.1 Full Description of Material Change

The Company completed its sixth tranche of the Offering on June 27, 2024, which included the issuance of an aggregate of 2,622,167 Shares at a price of $0.30 per Share for gross proceeds of $786,650.10. To date, the Company has issued 27,176,841 Shares and received an aggregate of $8,153,052.30 from the Offering.

In connection with the closing of the sixth tranche, the Company also paid a cash finder’s fee totaling $2,292 to an eligible finder.

All securities issued pursuant to the sixth tranche of the Offering are subject to a four month hold period from the date of issuance.

The Company intends to use the net proceeds of the Offering for advancing its projects and general working capital.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933 , as amended, or any state securities laws and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

• 5.2 Disclosure for Restructuring Transactions

• 2 -

N/A

Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

N/A

Item 7 Omitted Information

None

Item 8 Executive Officer

James Lumley, CEO, 44.7825.222.623

Item 9 Date of Report

July 2, 2024