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Blue Lagoon Resources Inc. Capital/Financing Update 2020

Jul 17, 2020

47727_rns_2020-07-17_496c5ce3-4703-42e9-a9ad-752a116a1a3d.pdf

Capital/Financing Update

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FSE: 7BL CSE: BLLG

OTCQB: BLAGF

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BLUE LAGOON ENGAGES CANACCORD GENUITY AS FINANCIAL ADVISORS

July 17, 2020 – Vancouver, British Columbia – Blue Lagoon Resources Inc. (the “ Company ”) (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has engaged Canaccord Genuity as its financial advisors to assist the Company in identifying and evaluating strategic options and proposals to help finance and grow the Company with a view to maximize shareholder value.

“Canaccord Genuity has a long successful history and track record in working with junior mining companies and is currently one of the top financiers in the mining industry. We look forward to working with them to assist us in reviewing strategic options in order to grow the Company and enhance shareholder value,” said Rana Vig, President and CEO of Blue Lagoon Resources.

For further information, please contact:

Rana Vig President and Chief Executive Officer Telephone: 604-218-4766 Email: [email protected]

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release