Blue Lagoon Sells ~C$1 Million of Gold and Silver from Dome Mountain's Initial Production to Ocean Partners

Executive Summary

• Blue Lagoon Resources announced its first sale of gold and silver from the Dome Mountain project, generating an advance payment of C$970,000.
• The company granted 3,000,000 restricted share units (RSUs) and 200,000 stock options to directors, officers, management, and consultants, with options exercisable at $0.66 per share.
• Production, underground development, and shipments are slated to resume in early January 2026 following a brief holiday break.

Key Details

• Initial Sale: Advance payment of C$970,000 received from Ocean Partners UK Limited for mineralized material delivered to toll‑miller Nicola Mining Inc. (processing pending due to mill maintenance).
• Material Quantity: Approximately 1,000 tonnes of Dome Mountain mineralized material were delivered to Nicola; final settlement will depend on assay results and prevailing metal prices.
• Revenue Significance: Marks Blue Lagoon’s transition from a pre‑revenue to a revenue‑generating mining company.
• Future Production Schedule: Underground development, production, and shipments expected to resume the first week of January 2026.
• Equity Incentive Grants:
• 3,000,000 RSUs granted.
• 200,000 stock options granted at an exercise price of $0.66 per share; options expire five years from issuance.
• Both RSUs and options vest immediately upon grant and are subject to CSE approval.
• Forward‑Looking Statements: Company expects further disclosures on grades after processing, continued execution of development activities, increased throughput, and progression toward steady‑state operations.

Notable Quotes

“This sale marks a significant milestone for Blue Lagoon,” said Rana Vig, President & CEO. “The Company is now focused on continued execution as we advance on development and production activities, increase throughput, and work toward consistent, steady‑state operations.”