Mr. Rana Vig reports

BLUE LAGOON RESOURCES STRENGTHENS MINING COMMITTEE

Blue Lagoon Resources Inc. has added Peter Bojtos, PEng, to its recently formed mining committee that is tasked with successfully guiding the company's transition from an exploration-focused company to a near-term gold and silver producer at its 100-per-cent-owned Dome Mountain gold project in British Columbia.

Mr. Bojtos is a professional engineer with over 50 years of worldwide experience in the mining industry.

Over his career he has visited and evaluated properties in nearly 80 countries and has been involved with operations in 30 of them. He has carried out more than 15 significant corporate acquisitions, mergers or sales that involved 24 operating mines, and he was the regional exploration manager at Kerr Addison at the time of the staking and subsequent discovery of what eventually became Inmet's Troilus gold-copper mine in Quebec. Mr. Bojtos has participated in the financing, development, building or reopening of 19 mines, and has had a hand in the operation of 24 producing mines.

Mr. Bojtos graduated from the University of Leicester, England, in 1972, following which he worked at open-pit iron-ore and underground base-metal and uranium mines in West Africa, the United States and Canada. Then for 12 years he worked in Toronto for Kerr Addison Mines Ltd., a Noranda Group company, in increasingly senior management and officer positions. From 1990 to 1992 he was the president and chief executive officer of RFC Resource Finance Corp. restarting a zinc mine in Washington State. From 1992 to 1993 Mr. Bojtos was the president and CEO of Consolidated Nevada Goldfields Corp. that operated precious metal mines in the United States. From 1993 to 1995 he was chairman and CEO of Greenstone Resources Ltd., acquiring, constructing and operating several gold mines in central America.

For the past 26 years Mr. Bojtos has been an independent director of numerous Canadian-, United States-, Australian-, London-, or European-listed mining and exploration companies including Birim Goldfields Inc., Desert Sun Mining Corp., Queenstake Resources Ltd., European Uranium Inc., U.S. Gold Corp., Vaaldiam Resources Ltd. and William Resources Inc., and is currently the chairman of the board of Avino Silver & Gold Mines Ltd. He was also the president of Pembridge Resources PLC, which acquired and restarted the Minto copper mine in Yukon.

"As we transition Blue Lagoon Resources from an exploration company to a near-term producer, assembling a team of proven industry leaders is critical to our success," said Rana Vig, president and chief executive officer of Blue Lagoon Resources. "Peter's extensive experience in mine development, financing and operations makes him an invaluable addition to our mining committee. His deep understanding of what it takes to bring mines into production and maintain profitable operations will provide us with strategic guidance as we focus on responsibly and efficiently advancing the Dome Mountain gold project. We are excited to welcome Peter to the team and look forward to his contributions as we move into this next chapter of growth," he added.

A strong foundation for growth

The mining committee has been strategically assembled to provide technical guidance, operational oversight and strategic planning expertise as Blue Lagoon moves forward toward production. While Dome Mountain remains a highly prospective district-scale property with 15 known high-grade gold veins and less than 10 per cent of the land package explored, the company's primary focus is on safely, responsibly and efficiently mining its fully permitted deposit while self-funding future exploration and resource expansion.

With the addition of Mr. Bojtos and further strategic appointments that will be announced in the coming weeks, Blue Lagoon Resources is well positioned to accelerate its transition to gold and silver production and build shareholder value.

Any production decision in advance of obtaining a feasibility study of mineral reserves demonstrating economic and technical viability of the project is associated with increased uncertainty and risk of failure.

About Blue Lagoon Resources Inc.

Blue Lagoon Resources is a Canadian-based publicly listed mining company focused on building shareholder value through the aggressive development of its 100-per-cent-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.

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