Mr. Rana Vig reports

BLUE LAGOON ANNOUNCES ARRANGEMENTS TO ADDRESS MAILING OF SHAREHOLDERS MEETING MATERIALS RESULTING FROM CANADA POST STRIKE

Blue Lagoon Resources Inc. is providing an update to its shareholders regarding the impact of the strike by the Canadian Union of Postal Workers on the company's ability to comply with its obligations to deliver its meeting materials to shareholders in connection with its upcoming annual general meeting of shareholders scheduled to be held on Dec. 31, 2024.

Due the postal strike, the notice of meeting, information circular and related proxy materials may not be delivered to shareholders prior to the meeting in accordance with regulatory requirements. The meeting materials have been filed on the company's website and on the company's SEDAR+ profile. Shareholders will still be able to vote their shares either directly by proxy (for registered shareholders) or indirectly through their intermediary (for unregistered shareholders who hold their shares through brokerage firms or other intermediaries).

The company will provide copies of the meeting materials by e-mail to each entitled shareholder who requests same while the strike is continuing, at no charge. Shareholders can direct requests for copies of the meeting materials to Rana Vig, president and chief executive officer.

If you are a registered shareholder, please contact Rana Vig, president and CEO, to obtain your proxy form control number to cast your vote for the upcoming meeting. If you hold shares through an intermediary such as a brokerage firm, please contact your intermediary directly for a copy of the proxy form and instructions for voting.

The deadline for voting by proxy for the meeting is 10 a.m. Pacific Time on Dec. 27, 2024.