With multiple catalysts ahead, including resource upgrades, expanded production, and further development of its Laverton, Menzies, and Sandstone hubs, Brightstar Resources presents a compelling investment case in a rising gold market.
Gold has continued to demonstrate its resilience as a store of value, with prices peaking at US$3,500.05 per ounce, its all-time high. Amid ongoing global economic uncertainty, including inflationary pressures, rising geopolitical tensions, and volatile interest rate environments, investors have turned to gold as both a safe haven asset and a hedge against macroeconomic instability.
Brightstar Resources (ASX:BTR) is strategically positioned to capitalize on this environment as a low-cost, multi-asset gold developer with near-term production potential. The company controls over 1,500 square kilometers of highly prospective ground across three of Western Australia’s most prolific gold belts: the Laverton Tectonic Zone, the Menzies Shear Zone, and the Sandstone Greenstone Belt.
Unlike many junior exploration companies, Brightstar has a key differentiator: it owns a fully permitted, strategically located processing facility near Laverton. This existing infrastructure offers the company a critical advantage, enabling a low-capex restart scenario and faster time to cash flow compared to peers who must first secure permits and fund costly plant construction. This plant is subject of a DFS due for announcement in June 2025.
Through a focused multi-hub strategy, Brightstar has built a robust pipeline of development-ready and resource-growth projects, supported by:
With global gold demand remaining strong, Brightstar is well-positioned to deliver material shareholder value through its integrated production plan, supported by scalable infrastructure, a growing resource base, and access to capital. The company’s strategic approach includes combining brownfields development, organic exploration, and corporate M&A, placing it at the forefront of a new generation of Australian gold producers.
Brightstar’s Laverton hub is comprised of the Cork Tree Well, Jasper Hills, Second Fortune, Beta and Alpha project areas.
The Menzies Hub comprises a tenement holding of a contiguous land package of granted mining leases over a strike length of more than 20 km. The majority of deposits hosted along the Menzies Shear Zone are located adjacent to the Goldfields Highway in Menzies (130km north of Kalgoorlie).
The consolidated Sandstone project is over 100 km from existing third-party milling operations in the Murchison. This third processing hub boasts Alto’s Sandstone project with a mineral resource of 1.05 Moz at 1.4 g/t gold and Gateway’s Montague gold project with a mineral resource of 0.5 Moz @ 1.6 g/t gold.
Growth Drivers:Â
Alex Rovira is a qualified geologist and an experienced investment banker having focused on the metals and mining sector since 2013. Rovira has experience in ASX equity capital markets activities, including capital raisings, IPOs and merger and acquisitions.
Richard Crookes has over 35 years’ experience in the resources and investments industries. He is a geologist by training having previously worked as the chief geologist and mining manager of Ernest Henry Mining in Australia.
Crookes is managing partner of Lionhead Resources, a critical minerals investment fund and formerly an investment director at EMR Capital. Prior to that he was an executive director in Macquarie Bank’s Metals Energy Capital (MEC) division where he managed all aspects of the bank’s principal investments in mining and metals companies.
Andrew Rich is a degree qualified mining engineer from the WA School of Mines and has obtained a WA First Class Mine Managers Certificate. Rich has a strong background in underground gold mining with experience predominantly in the development of underground mines at Ramelius Resources (ASX:RMS) and Westgold Resources (ASX:WGX).
Ashley Fraser is an accomplished mining professional with over 30 years experience across gold and bulk commodities. Fraser was a founder of Orionstone (which merged with Emeco in a $660-million consolidation) and is a founder/owner of Blue Cap Mining and Blue Cap Equities.
Jonathan Downes has over 30 years’ experience in the minerals industry and has worked in various geological and corporate capacities. Experienced with gold and base metals, he has been intimately involved with the exploration process through to production. Downes is currently the managing director of Kaiser Reef, a high grade gold producer, and non-executive director of Cazaly Resources.
Dean Vallve holds technical qualifications in geology & mining engineering from the WA School of Mines, an MBA, and a WA First Class Mine Managers Certificate. Vallve was previously in senior mining and study roles at ASX listed mid-cap resources companies Hot Chili (ASX:HCH) and Calidus Resources (ASX:CAI).
Nicky Martin is an experienced finance and accounting professional holding tertiary qualifications in accounting and finance and is a qualified CPA. Martin was previously the Head of Finance at Pilbara Minerals Ltd (ASX:PLS) where she oversaw and was actively involved in a rapidly growing mining success story.
Emerging gold producer and district-scale resource developer in Western Australia
(TheNewswire)
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VANCOUVER, BRITISH COLUMBIA, July 03, 2025 TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that its common shares, previously trading on the OTC Market under the ticker symbol "NRGOF", will begin trading on the OTC Market under the ticker symbol "PSGCF" effective today, Thursday, July 3, 2025.
 The new symbol better reflects the company's current name, making it easier and more intuitive for shareholders and potential investors to trade the company's shares on the OTC Market. Â
     About Pinnacle Silver and Gold Corp. Â
 Pinnacle  is  focused  on  district-scale  exploration  for  precious  metals  in the Americas.  The high-grade Potrero gold-silver project in Mexico's Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production  .  In the prolific  Red  Lake  District  of  northwestern  Ontario, the Company owns a 100%  interest in the  past-producing,  high-grade  Argosy  Gold  Mine and the adjacent North Birch  Project  with an eight-kilometre-long target horizon  .  With  a  seasoned,  highly  successful  management  team  and  quality  projects,  Pinnacle  Silver  and  Gold  is committed  to  building  long  -term  ,  sustainable  value  for  shareholders. Â
ÂÂ Signed: "Robert A. Archer" Â
ÂÂ President & CEO Â
   For further information contact  : Â
 Email:    info@pinnaclesilverandgold.com   Â
ÂÂ Tel.: Â +1 (877) 271-5886 ext. 110 Â
   Website:    www.pinnaclesilverandgold.com   Â
 Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release  . Â
ÂCopyright (c) 2025 TheNewswire - All rights reserved.
ÂNews Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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 NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES Â
Vancouver, British Columbia TheNewswire - July 3, 2025 ‑ Harvest Gold Corporation (TSXV: HVG) (" Harvest Gold " or the " Company ") announces that, subject to the approval of the TSX Venture Exchange (the " Exchange "), it is proceeding with a non-brokered private placement to raise aggregate gross proceeds of approximately $2,200,000 (the " Offering "). Under the Offering, the Company will raise up to approximately $800,000 through the issuance and sale of units of the Company (the " Units ") at a price of $0.075 per Unit, and up to approximately $1,400,000 through the issuance and sale of charity flow-through units (the " CFT Units ") at a price of $0.105 per CFT Unit.
ÂEach CFT Unit is comprised of one common share of the Company (each, a " Common  Share ") and one common share purchase warrant of the Company (a " Warrant "), each of which qualifies as a "flow-through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and 359.1 of the Taxation Act (Québec)). Each Unit consists of one Common Share and one Warrant. Each Warrant entitles the holder thereof to acquire one Common Share (each, a " Warrant Share ") at a price of $0.12 per Warrant Share for a period of two years following the closing date of the Offering.
ÂÂ The Company anticipates using the proceeds from the issue and sale of the Units for the 2025 drilling campaign, various exploration expenses and general working capital. Â
 The gross proceeds raised from the CFT Units will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the " Qualifying Expenditures ") related to the Company's projects in Québec. The Company will renounce Qualifying Expenditures with an effective date of no later than December 31, 2025, in an amount of not less than the total amount of the gross proceeds raised from the issuance of the CFT Units, and incur such expenses by December 31, 2026.
ÂAll securities issued will be subject to a four-month hold period pursuant to securities laws in Canada and, where applicable, the Exchange Hold Period. Â Finders' fees may be payable to qualified parties. Â
ÂÂ About Harvest Gold Corporation Â
ÂÂ Â Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 329 claims covering 17,539.25 ha , located approximately 45-70 km east of the Gold Fields Windfall Deposit. Â
ÂThe Company's board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.
  Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities. Â
ÂÂ ON BEHALF OF THE BOARD OF DIRECTORS Â
 Rick Mark
President and CEO
Harvest Gold Corporation
 For more information please contact: Â
ÂÂ Rick Mark or Jan Urata
@ 604.737.2303 or   info@harvestgoldcorp.com  Â
 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Â
ÂÂ Forward Looking Information Â
ÂÂ This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Â
ÂÂ Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Â
ÂÂ The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable securities laws of any state of the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United States unless registered under the U.S. Securities Act and any other applicable securities laws of the United States or an exemption from such registration requirements is available. Â
 This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. Â
ÂCopyright (c) 2025 TheNewswire - All rights reserved.
ÂNews Provided by TheNewsWire via QuoteMedia
Walker Lane Resources Ltd. (TSX-V:WLR, FRA: 6YL) (the "Company" or "Walker Lane") is pleased to announce that is has received results from Coeur Silvertip Holdings Ltd. ("Coeur") on field geophysical and geological studies completed in late 2024 on the Silverknife Property, British Columbia. Coeur contracted Expert Geophysics Limited ("Expert") and Precision Geophysics ("Precision") to complete the airborne geophysical surveys, and 39627 Yukon Inc. to complete geological mapping of the Silverknife Property and an initial geochemical survey of the northern portion of the property.
ÂThis work was completed by Coeur as a part of the option agreement for the Silverknife Property with Walker Lane. The four-year option agreement provides for $3.55 million in work expenditures and $500,000 in property payments by Coeur to earn a 75% interest in the Silverknife Property which is immediately adjacent to Coeur's Silvertip Mine claims.
The primary results of these work efforts are:
ÂKevin Brewer, President and CEO of Walker Lane noted, "We are very pleased with that the geological mapping and airborne geophysics has clearly served to better define and confirm the zones of exploration prospectivity. This work identified key structural features such as faults which are known in the region to be controls and loci of mineralization. Other features such the presence of fugitive calcite in outcrops typically demonstrates that you are in close proximity toa potential carbonate replacement deposit ("CRD"). The four prospective areas on the Silverknife property are both significant and of substantial areal extent and present valid drill targets for future exploration efforts. The property has been subjected to limited drilling confined primarily to the Silverknife Prospect that in itself remains open for further expansion along strike and at depth. Given the propensity of potential mineralization in such close proximity to the Silvertip deposit, one of the world's largest and highest grade CRD deposits, finding this much prospectivity is a very exciting development. There clearly is a great amount of work to be completed at Silverknife. We look forward to Coeur's continued commitment to explore Silverknife, which may include some drilling."
ÂÂ Precision Geophysics - Airborne High Resolution Gradient Magnetic and Radiometric Survey Results Â
ÂWhen magnetic and radiometric data are integrated into a single-pass airborne geophysical survey, they provide complimentary information that serve as a robust geophysical framework. The magnetic and radiometric data collected by Precision was useful in mapping lithology, structure and alteration features present on the Silverknife Property. The Total Magnetic Intensity ("TMI") data (see Figure 1) indicated the potential existence of three main lineaments within the Silverknife Property. In the instance of Silverknife, the lineaments express underlying geological structures such as faults. Faults are important as they present corridors for the migration of mineralizing fluids. Two lineaments, northeasterly and northwesterly trending are prominent throughout the property area. The third lineament is a more northerly feature that occurs in the area of the Silverknife Property. The most prominent structural feature identified from the TMI data, was a northeasterly trending structure known as the SVT NE Fault, which is a major regional fault that transects the central portion of the Silverknife Property. In this area, the SVT NE Fault and the secondary lineaments appear to be in a cross-cutting relationship which are often prime target areas for mineralization, and are considered highly prospective as the coincide with historical soil geochemical anomalies in the Silverknife Central Zone. Geological mapping has also indicated the presence of Atan and Kechika Group limestones in this area which are favorable rock units to host carbonate replacement deposits. The Silvertip mine is characterized as a carbonate replacement deposit. In addition, the potential of additional structures throughout the Silverknife Central Zone to the western boundary of the Silverknife claims presents numerous targets for drilling and expansion of mineralization identified in the Silverknife Property, and this area is yet to be drilled.
ÂÂ 
 Figure 1: Total Magnetic Intensity survey with geological and structural interpretation by Symonds (2024). Note the potential cross cutting fault structures in the central portion of the property (after Precision, 2024). Â
ÂThe Precision TMI data also indicated a near-north trending fault that cuts the McDame Limestones and Tapioca Group in the Silverknife South Zone. The TMI data was complimented by Residual Magnetic Intensity ("RMI") and Reduced to Magnetic Pole ("RTP") that also showed the same structural lineaments.
ÂIn-line gradient ("ILG") and horizontal gradient showed the same structure features as the TMI data (see Figures 2a and 2b).
ÂÂ 
 Figure 2a: In Line gradient survey (ILG) with lineament interpretation in the Silverknife region (After Precision, 2024). Â
ÂÂ Â 
Â
 Figure 2b: Horizontal Gradient (HG) with lineament interpretation in the Silverknife region (After Precision, 2024). Â
ÂHowever, they also showed the potential for more complex faulting along the southern and northern contacts of the Cassiar batholith that could represent block faulting in the metasediments. In addition, this data showed the presence of a north-oriented structure in the northeastern most portion of the Silverknife Property, that presented a new area of exploration prospectivity previously undetected.
ÂCalculated Vertical Gradient ("CVG") data (see Figure 3) presented a distinct continuum of structures extending from south of the Silverknife Property into the Silverknife South Zone.
ÂÂ 
 Figure 3: Calculated Vertical Gradient (CVG) with lineament interpretation of the Silverknife region (after Precision, 2024). Â
ÂThe radiometric data serves to delineate the extent and potential contacts of different lithological rock units. Areas of high potassium were noted to occur in the Tootsee River North and the Northeastern zones. The significance of this data is not yet determined.
ÂÂ Expert Geophysics Helicopter-Borne Electromagnetic and Magnetic Survey Results Â
ÂElectromagnetic and magnetic surveys were carried out to:
ÂThe electromagnetic survey verified information from the data in Precision's surveys but also identified new information (see Figures 4a and 4b). A conductivity low south-southeast of the Silverknife Property suggests the presence of a near surface intrusive in that area. This is important because an intrusive provides a potential heat source and driver for mineralizing fluids into the overlying sediments which comprise of limestones and sandstone which are good hosts for CRD mineralization. The survey also indicated a conductivity high in the northeastern zone further strengthening exploration interest in that area.
ÂÂ 
 Figure 4a: Electromagnetic apparent conductivity at 49 Hz in the Silverknife region. Note the anomaly in the northeastern part of the property (After EGL, 2024). Â
ÂÂ 
 Figure 4b: Electromagnetic apparent conductivity at 1067 Hz in the Silverknife region (After EGL, 2024). Â
ÂSeveral axes of high conductivity/low resistivity were found to transect the Silverknife Property and are coincident with interpreted fault structures (see Figure 5). This relationship is important as mineralization within the Rancheria Silver District is often associated with faults and may also be correlated with the axes of a conductivity anomaly.
ÂThree conductive axes occur in the (i) Tootsee River North Zone; (ii) the Silverknife Central Zone; and (iii) coincident with the regional SVT NE Fault structure that transects the central portion of the property. This last axis extends from outside of the Silverknife claim block and thence east-northeasterly across the entire claim block. This therefore represents the potential for a major fault structure with the geophysical signatures of silver rich CRD being that of high conductivity and low resistivity. Additional resistivity data enabled the development of a three-dimensional lithographic model suggesting the orientation and extent of the rock units within the Silverknife Property. This information is expected to significantly aid the planning of future drill programs.
ÂVLF-EM data served to further verify other datasets as to the possible extent and location of fault structures within the Silverknife Property.
ÂÂ 
 Figure 5: Axes of conductive and resistivity anomalies in the frequency range of 165-267 Hz plotted on a Total Magnetic Intensity color grid (After EGL, 2024). Â
ÂÂ Geological Mapping Â
ÂAn updated geological map (see Figure 6) has been constructed from field mapping, drill data, and geophysical surveys. The extent of prospective units to host CRD mineralization has been found to be considerable. More specifically, the highly prospective McDame limestone occurs in both the Tootsee River North Zone and the Silverknife South Zone. Other prospective units in the central part of the property including the Atan and Kechika Group limestones occur within the central portion of the property which is now assumed to be of significant prospectivity from previous known CRD mineralization, and positive geochemical and geophysical signatures.
ÂÂ Summary Â
ÂThis recent geophysical work in combination with property mapping and previous geophysical data has contributed significantly to the understanding of the geology of the Silverknife Property. It has also contributed significantly to better defining targets for CRD mineralization and assisting to pinpoint targets for extensive drill campaigns.
ÂÂ 
 Figure  6  :  Geology Map of the Silverknife Property (After Symonds, 2024) Â
ÂÂ Clarification of Nevada Transactions Â
ÂThe Company wishes to clarify that in its June 9, 2025 Press release all payments to be made to the optionors are to be made in US Dollars, the floor price for the shares that may be used to make property payments is also in US dollars at $0.21 USD, and the maximum number of common shares that could be issued by property are as follows:
Âfor a total number of common shares that could be issued to be 1,952,381 for the life of the agreements.
  Qualified Person  Â
ÂKevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.
ÂÂ Â About Walker Lane Resources Ltd. Â Â
ÂÂ Walker Lane Resources Ltd. is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon. The Company intends to initiate exploration programs to advance the drill-ready Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver, B.C.) projects to resource definition stage through proposed drilling campaigns that the Company desires to undertake in the near future.
 On behalf of the Board:
  "Kevin Brewer"   Â
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.
 For Further Information and Investor Inquiries: Â
 Kevin Brewer, P. Geo., MBA, B.Sc. (Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (709) 327 8013
 kbrewer80@hotmail.com  Â
Suite 1600-409 Granville St.,
Vancouver, BC, V6C 1T2
 Cautionary and Forward-Looking Statements Â
ÂThis press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "plans", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "should", "believe" "targeted", "can", "anticipates", "intends", "likely", "should", "could" or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the Silver Hart, Blue Heaven and Logjam properties in Yukon all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remains subject to the condition of the option of the Silverknife Property with Coeur Silvertip Holdings Ltd. These forward-looking statements reflect the Company's current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company's properties is reliable; the Company's operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company's properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company's current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.
ÂActual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company's public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company's control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.
ÂThe information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes "future-oriented financial information" or "financial outlooks" within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company's actual financial position and results of operations may differ materially from management's current expectations and, as a result, the Company's revenue and expenses. The Company's financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company's accountants or auditors. The Company's financial projections represent management's estimates as of the dates indicated thereon.
ÂPhotos accompanying this announcement are available at:
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ÂÂ Â 
Â
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(TheNewswire)
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June 30, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to provide a corporate update highlighting significant progress at its Dome Mountain Gold Project as it prepares to enter production in a strong gold market.
 "We are fully funded, fully permitted, and now entering the final stages of mine readiness — with no short-term debt, multiple successful government inspections, and a water treatment plant that has now been completed," said Rana Vig, President and CEO. "The confidence shown by our institutional investors, along with new strategic backing and the recently signed $2 million   line of credit — not secured against our property —   from Nicola Mining, gives us the flexibility to fund mining and development without delay. We're ready — and we're moving quickly toward cash flow." Â
ÂÂ Â Â FULLY FUNDED WITH STRONG BACKING AND NO DEBT Â
ÂÂ Blue Lagoon recently completed a successful non-brokered financing, fully subscribed by existing long-term shareholders including Crescat Capital, Phoenix Gold Fund, and Nicola Mining, alongside a small group of new strategic investors. In addition, CEO Rana Vig and Board Member Gurdeep Bains both increased their personal stakes in the Company. Â
ÂThe Company currently carries no short-term debt and has in-the-money warrants valued at over $3.6 million. As further validation of the project, Blue Lagoon has secured a $2 million line of credit from Nicola Mining, which can be drawn in $500,000 tranches — without any encumbrance on the Company's mineral property. While the Company may ultimately never need to draw on this facility, having access to it provides an important financial backstop. It ensures capital is available if needed to support production ramp-up, seize opportunity, or manage any unforeseen short-term needs — all without causing further dilution to existing shareholders.
ÂÂ Â Â SENIOR UNDERGROUND GEOLOGIST HIRED TO Â
ÂÂ Â Â STRENGTHEN TECHNICAL TEAM Â
ÂÂ The Company is also pleased to welcome Michael McCardal as Senior Underground Geologist. Mr. McCardal brings three decades of underground gold mining experience with producers including Ascot Resources, Barkerville Gold Mines, Pure Gold Mining, and Kirkland Lake Gold. Â
ÂÂ At Ascot's Big Missouri deposit, he led underground sampling protocols, grade tracking, and stope planning. At Kirkland Lake's Macassa and Taylor Mines, he was instrumental in ore control, face mapping, and production reconciliation. Â
ÂÂ "Mike's experience will be very helpful in establishing best-in-class grade control and optimizing early stopes as we move into production this summer," said Vig. Â
ÂÂ Â Â INSPECTIONS PASSED WITH FLYING COLOURS Â
ÂÂ As part of its final mine preparation, the Company successfully passed three separate government inspections, confirming operational readiness across critical areas: Â
 • Electrical Inspection – Verifying compliance with site-wide above and underground power systems. Â
 • Reclamation & Geoscience Inspection – Reviewing on-going geological reporting and reclamation progress. Â
 • Ground Control & Health and Safety Inspection – Ensuring safe above and underground conditions and mining procedures. Â
ÂÂ "These clean inspections are a testament to the strength of our team and the standard of work being done at Dome Mountain," said Yannis Tsitos, Chair of the Company's mining committee. Â
ÂÂ Â Â Â Â CONSTRUCTOIN OF WATER TREATMENT PLANT COMPLETE Â
   Construction of Blue Lagoon's water treatment system — a critical component of the Company's environmental compliance plan — is now complete and partially commissioned,  as required under the Company's Mines Act permit. Â
ÂThe system consists of two integrated technologies: a  High-Density Sludge (HDS)  circuit, which is fully installed and operational, and a  Moving Bed Biofilm Reactor (MBBR)   , designed to treat ammonia and nitrates from blasting residues using a microbial process. The MBBR circuit has also been fully constructed and is about to undergo microbial activation — a biological ramp-up that typically takes 2 to 4 weeks.
  Designed to meet all regulatory discharge standards, the plant is engineered to treat mine water efficiently and in full alignment with the Company's permit conditions.  Blue Lagoon worked closely with  Soren Jensen   , the Company's principal environmental consultant from SRK Consulting. Mr. Jensen holds a master's degree in chemical engineering and has developed, designed, commissioned, and operated mine water treatment systems for mining operations for over 20 years, including similar treatment plants at other underground gold mines in Northern Canada.
ÂJust as importantly, the Company collaborated closely with regulatory agencies and the  Lake Babine Nation  throughout the design and construction process to ensure the system meets both technical and community expectations.
ÂWith the construction of the water treatment system complete and regulatory milestones achieved, the Company is advancing mine development activities in accordance with its permit. Â Environmental monitoring will continue during the MBBR activation phase to ensure ongoing compliance as the system reaches full operational capacity.
ÂÂ Â This milestone represents a major step toward production readiness and reinforces Blue Lagoon's commitment to responsible, permit-driven development. The official mine opening is scheduled for July 9, 2025. Â Â
ÂÂ About Blue Lagoon Resources Inc. Â
  Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full   mining permit,   a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting   Q3 2025   as the start of gold   production   . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities. Â
ÂÂ The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. Â The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study. Â
 For  further  information,  please  contact: Â
 Rana  Vig Â
 President  and  CEO Â
ÂÂ Telephone: Â 604-218-4766 Â
ÂEmail:  ranavig@bluelagoonresources.com  Â
 The  CSE  has  not  reviewed  and  does  not  accept  responsibility  for  the  adequacy  or  accuracy  of  this  release. Â
ÂÂ Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Â Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change. Â
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