Blue Lagoon Resources Inc. — Proxy Solicitation & Information Statement 2024

Dec 3, 2024

BLUE LAGOON RESOURCES

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

TAKE NOTICE that the annual general meeting (the "Meeting") of shareholders of Blue Lagoon Resources Inc. (the "Company") will be held at Suite 1200 – 750 West Pender Street, Vancouver, British Columbia on December 31, 2024 at 10:00 a.m. (Vancouver Time) for the following purposes:

1. to receive the annual financial statements of the Company for its fiscal year ended March 31, 2024 with the report of the auditors thereon;
2. to appoint Davidson & Company LLP, as auditor for the Company for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditor;
3. to fix the number of directors at three;
4. to elect directors for the ensuing year;
5. to authorize and approve the Company’s Omnibus Equity Incentive Compensation Plan, as more particularly set forth in the accompanying Information Circular; and
6. to transact any other business which may properly come before the Meeting, or any adjournment or postponement thereof.

Accompanying this Notice of Meeting is an Information Circular, a form of Proxy, and a financial statement request card whereby shareholders can request to be added to the Company’s supplemental mailing list. The Information Circular includes more detailed information relating to the matters to be addressed at the Meeting, and forms part of this Notice.

The Board of Directors has fixed the close of business on November 20, 2024 as the record date for determining shareholders entitled to receive notice of, and to vote at, the Meeting or any adjournment or postponement of the Meeting. A shareholder entitled to vote at the Meeting is entitled to appoint a proxyholder to vote in his/her stead. If you are unable to attend the Meeting, or any adjournment or postponement thereof, in person, please date, execute, and return the enclosed form of Proxy in accordance with the instructions set out in the notes to the Proxy and any accompanying information from your intermediary.

DATED at Vancouver, British Columbia, this 20th day of November, 2024.

ON BEHALF OF THE BOARD OF DIRECTORS

By: “Rana Vig”
President and Chief Executive Officer

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