Blue Lagoon Completes First Tranche of Private Placement

Blue Lagoon Completes First Tranche of Private Placement

(TheNewswire)

Blue Lagoon Resources Inc.

March 4, 2025 Vancouver, British Columbia TheNewswire - Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has closed the first tranche of the non-brokered private placement offering (the " Offering ") previously announced by the Company on February 24, 2025. The Company issued 2,390,000 units (the " Units ") at a price of $0.25 per Unit for aggregate gross proceeds of $597,500.

Each Unit consists of one common share in the capital of the Company and one-half of one transferrable common share purchase warrant. Each whole warrant (a " Warrant ") entitles the holder to purchase one additional common share of the Company at an exercise price of $0.35 per share until March 4, 2027.

The proceeds raised from the Offering are expected to be used to advance the Dome Mountain gold project that recently received it mining permits and for general corporate purposes. The securities issued under the Offering are subject to a four month hold period expiring on July 5, 2025, in accordance with applicable Canadian securities laws.

The Company also announces that in order to preserve its cash flow, the Company will issue 70,175 common shares at a price of $0.285 in lieu of an advanced NSR payment in connection with its Freegold claims.

For further information, please contact:

Rana Vig

President and Chief Executive Officer Telephone: 604-218-4766

Email: rana@ranavig.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Not for distribution to United States Newswire Services or for dissemination in the United States

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Blue Lagoon Resources (CSE:BLLG)

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Summer 2025 production ready gold producer in British Columbia with significant exploration upside

Blue Lagoon Resources to Showcase Dome Mountain Gold Project at 121 Mining Investment Conference in London

Blue Lagoon Resources to Showcase Dome Mountain Gold Project at 121 Mining Investment Conference in London

Blue Lagoon Resources Inc. (CSE: BLLG) (FSE: 7BL) (OTCQB: BLAGF) (the "Company") is pleased to announce that President & CEO Rana Vig will be attending and presenting at the upcoming 121 Mining Investment Conference in London, May 12-13, 2025.

As Blue Lagoon advances toward production at its fully permitted high-grade Dome Mountain Gold Project - featuring an average grade of 9 grams per tonne (g/t) gold and one of only nine mining permits granted in British Columbia since 2015 - the Company continues to engage with institutional and retail investors globally. Mr. Vig will be meeting with leading resource investors to discuss the Company's near-term production plans, expected cash flow growth, and the significant exploration upside across Dome Mountain's highly prospective 22,000-hectare land package.

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April 29, 2025 TheNewswire Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has completed the final tranche of its previously announced private placement financing (see news releases dated February 24 and March 31, 2025) by issuing 8,900,000 units ("Units") at a price of $0.25 per Unit for gross proceeds of $2,225,000 (the "Offering"). This brings the total proceeds raised across four tranches to $4,871,750.

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(TheNewswire)

Blue Lagoon Resources Inc.

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(TheNewswire)

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(TheNewswire)

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