Blue Lagoon Resources Inc · CSE:BLLG
Blue Lagoon Resources — Investor Presentation (October 2026)
25 slides from Blue Lagoon Resources's investor presentation, October 2026
Slide 1: Producing gold today. A district to explore.
C ORPO RA T E P RE SE N T A T IO N · OCT OBE R 2 026 Producing gold today. A district to explore. Dome Mountain Gold Mine, near Smithers, British Columbia CSE: BLL G · OTCQB: BL AGF · FSE: 7BL Mine opening, July 9, 2025
Slide 2: Cautionary statements
Cautionary statements Forward-looking statements. This presentation contains forward-looking Provisional payments. Amounts received for concentrate are provisional, unaudited, information under Canadian securities laws, including statements about production gross of operating and other costs, and su
Slide 3: Blue Lagoon at a glance: British Columbia's newest gold producer
BL U E L AG OO N A T A G L AN C E British Columbia’s newest gold producer 100% May 2026 Owned: Dome Mountain Gold Mine Commercial production declared 125 tpd C$16.5M Underground mining rate, July 2026 Provisional payments received to Oct 2026 15 veins 10,000 m Known on a ~22,000 ha property Phase On
Slide 4: Two engines on one property
TH E O P PO RT U N IT Y Two engines on one property 0 1 · P ROD U C TI ON 0 2 · DI S C OV ER Y A working mine-to-market chain Exploration across the district A 10,000 m Phase One program is drilling below the Dome Mountain mines high-grade gold-silver Cash flow plus C$13M Boulder Vein resource and t
Slide 5: From mine permit to commercial production in 15 months
TR AC K R EC OR D From mine permit to commercial production in 15 months 2025 Feb Jul Sep Sep Dec Final mine permits; one of Official opening of the Water treatment plant Nicola milling agreement First gold-silver nine issued in B.C. from Dome Mountain Gold commissioned; first extended to 10 years c
Slide 6: Grade, recovery and throughput are rising
OP E RAT IN G RES U L TS Grade, recovery and throughput are rising 125 tpd 8–10 g/t ~92% Underground mining rate Recent mill-feed gold grade Gold recovery July 2026, up from 100 tpd in April Up from ~7 g/t in the initial milling campaign Current average at Nicola Mining’s mill 21,400 t 17,400 t 1,21
Slide 7: Mining rate and cash receipts keep climbing
M OM EN TU M Mining rate and cash receipts keep climbing Mining rate, tonnes per day Provisional payments received, cumulative F IR S T F IN AL IZ E D S ET TL E MEN T ~150 C$16.5M 125 992 oz Au 100 4,181 oz Ag C$10M+ From the first three concentrate lots (342 DMT), produced in an initial ~7 g/t camp
Slide 8: One year of underground development
U N D ERG R OU N D D EV E L OP M EN T One year of underground development September 2025 September 2026 Strategic investments and cash form gold & silver sales have been reinvested in new headings that open more working faces and give the mine greater operating flexibility. Plan views of the undergr
Slide 9: From underground face to metal sales
HO W TH E BU S I N ES S WOR KS From underground face to metal sales 01 Mine: Dome Mountain, near Smithers Underground mining of the Boulder Vein system by two contractors, with company owned local fire-assay lab for grade control. 02 Mill: Nicola Mining, near Merritt An existing, permitted 150 tpd m
Slide 10: Our mill and buyer are also shareholders
S TR ATE GI C P ART N ERS Our mill and buyer are also shareholders Announced Investor Amount Price per share C$13M May 2026 Ocean Partners C$3.0M C$0.90, market price, no warrant Committed by Nicola Mining and Ocean Aug 2026 Ocean Partners C$5.0M C$0.60, premium to market, no warrant Partners since
Slide 11: Year-round road access near Smithers, B.C.
L O CA TI ON Year-round road access near Smithers, B.C. About 50 minutes’ drive from Smithers, a regional mining-services hub Generator power and water on site; no camp needed 100% owned: 21,541 ha in 26 mineral claims British Columbia: a stable, established mining jurisdiction Dome Mountain propert
Slide 12: Mine site infrastructure in place
S IT E Mine site infrastructure in place Mining from the 1290 portal; the 1370 portal is also developed MBBR water treatment plant, commissioned September 2025 Ore storage, shop, office and dry on site Waste rock stored inside the underground mine Water treatment plant Local fire-assay lab near Smit
Slide 13: A historic high-grade mine, restarted
H IS T ORY A historic high-grade mine, restarted 1914 First mineral staking at Dome Mountain 1985 Noranda discovers the Boulder Vein system 1991–93 Timmins Nickel mines and processes 43,900 t at an average 12.0 g/t Au, per historical mill reports 2020 Blue Lagoon acquires 100% of the Dome Mountain G
Slide 14: High-grade resource at the Boulder Vein
M IN E RAL R ES OU R C E High-grade resource at the Boulder Vein 2022 mineral resource estimate, 3.5 g/t Au cut-off Category Au oz Au g/t Ag oz Ag g/t Measured 45,000 10.32 250,000 57.31 Indicated 173,000 8.15 876,000 41.19 Inferred 16,000 6.02 71,000 26.13 218,000 oz Au Measured and Indicated NI 43
Slide 15: The Boulder Vein remains open
RE S OU RC E GR OWT H The Boulder Vein remains open Open in all directions Mineralization remains open to the east, west and down-dip. Hits beyond the estimate Holes drilled since the 2022 estimate intersected the Boulder and Argillite veins east, west and down-dip. Drilling now Phase One tests the
Slide 16: Six priority targets
P H AS E ON E · 10 ,0 0 0 M · S TA RTE D S EP T EM BER 29 , 2 02 6 Six priority targets # Target Location Why it matters 1 Boulder Vein down-dip Below the 2022 Drilled at density for a 2027 resource resource update 2 Chance Zone and Flat ~750 m NE of the ~400 × 400 m shallow-dipping vein Chance Vein
Slide 17: High-grade intercepts close to the portal
N EAR - M IN E E XP L OR ATI ON High-grade intercepts close to the portal ~750 M NE OF THE PORTAL ~460 M SW OF THE PORTAL Chance Zone and Flat Chance Forks Prospect Vein Flat-lying zone ~300 × 275 m, averaging ~1.1 m Shallow quartz-sulphide vein, 0.5–5 m thick, over thick ~400 × 400 m 10.53 g/t Au,
Slide 18: A district-scale land package, largely untested
RE GI ON AL P OTE N TI AL A district-scale land package, largely untested 6 of 15 Known gold-bearing veins tested by Blue Lagoon so far Strike length of the structural corridor hosting numerous gold 18 km veins, most never drilled Phase One targets now being drilled, from the Boulder Vein to 6 McKen
Slide 19: What to watch over the next 12 months
C ATA L Y S TS What to watch over the next 12 months Underway Ongoing Near term Q4 2026 Phase One drill results Final settlements 150 tpd mining rate Interim financials Assays reported as they are ~875 DMT of concentrate awaiting The permitted rate and stated Quarter ended Sept 30, 2026, with receiv
Slide 20: Recognized for responsible mining
RE S P ON S IB L E M IN I N G Recognized for responsible mining 2026 PDAC Sustainability Award For environmental stewardship and partnership with the Lake Babine Nation, who nominated the Company. MBBR water treatment plant on site Waste rock stored underground No mill or tailings facility at site “
Slide 21: Management and mine team
L EA DE RS H IP Management and mine team Rana Vig Roy Edvardsen Bill Cronk, P.Geo. President, CEO, Director Mine Manager Chief Geologist Led Dome Mountain from acquisition 40+ years underground, including 35 years in exploration; Dundee through permitting to production; Wolverine, Ekati (BHP) and Es
Slide 22: Board and advisors
G OV ER N AN C E Board and advisors Board of directors Advisors Rana Vig Yannis Tsitos, M.Sc. President and CEO Chair, Exploration Committee; 35+ years in mining, 19 with BHP Billiton Norman Brewster Peter Bojtos, P.Eng. CEO of Cadillac Ventures; as interim President of Iberian Minerals, Chair, Mini
Slide 23: Capital structure
C S E: BL L G · O TC Q B: BL AG F · F S E: 7B L Capital structure As of September 30, 2026 Shareholders include Nicola Mining · Ocean Partners · Crescat Capital · Security Number Phoenix Gold Fund Shares issued and outstanding 177,153,448 Over 5,000 shareholders in total Options 14,800,000 Warrants
Slide 24: Why Blue Lagoon
S U M MAR Y Why Blue Lagoon Producing now High grade Aligned partners Exploration upside Commercial production since Recent mill feed of 8–10 g/t Au C$13M from our mill operator 15 known veins, 6 tested; May 2026, with the full mine- with ~92% recovery and offtaker, no warrants; Lake 10,000 m drilli
Slide 25: Thank you
Rana Vig, President and CEO +1 604 218-4766 · [email protected] Thank you 1200 – 750 West Pender St., Vancouver, BC V6C 2T8 CSE: B LLG · OT CQB : BLAGF · FSE: 7 BL bluelagoonresources.com
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