Blue Lagoon Delivers 1,000 Tonnes to Milling Partner - Processing Expected to Begin by Week's End

Executive Summary

• Blue Lagoon Resources delivered its first 1,000 tonnes of mineralized material from the Dome Mountain gold mine to toll‑miller Nicola Mining, marking a key transition toward revenue generation.
• Processing of the material is expected to begin by the end of the week, subject to mill scheduling and maintenance.
• The company signed a lease for an in‑house assay laboratory and has started equipment procurement to accelerate underground decision‑making.

Key Details

• Initial delivery: 1,000 tonnes of mineralized ore shipped to Nicola Mining (milling partner) – first physical hand‑off from Dome Mountain to processing.
• Processing timeline: Commencement of milling anticipated by the end of the week following delivery, pending normal mill scheduling and planned maintenance.
• Revenue outlook: First gold sales targeted for Q4 2025; early production phase intended to generate cash flow for reinvestment in near‑mine and regional exploration beginning H1 2026.
• Assay laboratory: Lease signed for a new facility to host Blue Lagoon’s own assay lab; procurement of equipment has begun, expected to shorten assay turnaround times and improve underground mining decisions.
• Operational focus: Ongoing underground development, stockpile management, logistics coordination, and delivery scheduling to support steady processing during the ramp‑up phase.
• Management comment: “Delivering our initial 1,000 tonnes marks a key de‑risking milestone… we are now on the doorsteps of a major transition – from a pre‑revenue company to a revenue‑generating gold producer.” – Rana Vig, President & CEO.

Notable Quotes

• Rana Vig, President & CEO: “This is a significant milestone for Blue Lagoon… Delivering our initial 1,000 tonnes marks a key de‑risking milestone and sets the stage for processing to begin by the end of this week.”