BLLG:CC - Blue Lagoon Highlights Optimal Market Timing as Underground Mining Advances at Dome Mountain
(TheNewswire)
October 9, 2025 – TheNewswire - Vancouver,British Columbia – Blue Lagoon Resources Inc. (“Blue Lagoon” or the“Company”) (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased toannounce that underground mining has entered its second week at theCompany’s fully permitted Dome Mountain Gold Project near Smithers,British Columbia, amid one of the strongest gold price environments onrecord.
Last week’s start of underground operations marked the beginning ofBlue Lagoon’s transition from development to production - amilestone occurring at an opportune time as gold pricesreach fresh record highs and worldwide investor interest in preciousmetals accelerates.
“Timing in the mining business is everything,” said RanaVig, President & CEO of Blue Lagoon Resources . “With underground mining nowunderway and gold prices at record levels, Blue Lagoon is wellpositioned to capitalize on this strong market environment. Ourstrategy has always been to move Dome Mountain into productionefficiently and responsibly - and today, those efforts are aligningwith market conditions.”
In the coming weeks, mined mineralized material will be transportedunder the Company’s milling agreement with NicolaMining Inc. , providing a fully permitted andcapital-efficient path to gold concentrate sales once shipments begin.The agreement was recently extended to a 10-year term, furtherstrengthening the long-term partnership between the two companies (seenews release September 29, 2025).
MARKET BACKDROP
As reported by Reuters on October8, 2025 (“Gold set to extend record-breaking run on globalanxieties,” by Polina Devitt) , spot gold brokeabove US$4,000/oz as analysts cited persistentgeopolitical and economic risks, continued central-bank purchases, androbust investor demand - factors they say leave littleto halt gold’s record-breaking run into 2026, withother precious metals also benefiting from the momentum. *
“This is a favourable environment, and while we don’t control thegold price, we can control readiness and execution,” added Mr. Vig.“Our goal is to translate this backdrop into efficient operationsand disciplined progress toward cash flow thereby increasingshareholder value without further dilution.”
* Gold set to extendrecord-breaking run on global anxieties , by PolinaDevitt
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
About Blue Lagoon ResourcesInc.
Blue Lagoon Resources Inc. (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is aCanadian-based, well-funded, growth-oriented mining company focused onadvancing its 100% owned Dome Mountain Gold Project in BritishColumbia. Led by a team with deep mining and finance experience, theCompany operates in one of the world’s most attractive miningjurisdictions.
In February 2025, Blue Lagoon achieved a major milestone with thegranting of a full mining permit - one of only nine issued in BritishColumbia since 2015 - and has since commenced underground miningoperations. Mineralized material from Dome Mountain will be processedunder a long-term toll milling agreement with Nicola Mining, withfirst gold sales targeted for Q4 2025. Beginning in H1 2026, theCompany plans to reinvest internally generated cash flow intonear-mine and regional exploration to further expand its resourcebase.
With a strong commitment to sustainability, community, and FirstNation engagement, Blue Lagoon’s objective is to become aprofitable, cash-flowing gold producer while creating lasting valuefor shareholders and stakeholders alike.
The Company is not basing its production decision atDome Mountain on a feasibility study of mineral reserves demonstratingeconomic and technical viability. The production decision is based onhaving existing mining infrastructure, past bulk sampling andprocessing activity, and the established mineral resource. TheCompany understands that there is increased uncertainty, andconsequently a higher risk of failure, when production is undertakenin advance of a feasibility study.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-LookingInformation: This release includes certain statements that may bedeemed "forward-looking statements". All statements in thisrelease, other than statements of historical facts, that addressevents or developments that Blue Lagoon Resources Inc. (the"Company") expects to occur, are forward-looking statements.Forward-looking statements are statements that are not historicalfacts and are generally, but not always, identified by the words"expects", “targets”, "plans","anticipates", "believes", "intends","estimates”, “projects", "potential",“mine”, “production” and similar expressions, or that eventsor conditions "will", "would", "may","could" or "should" occur. Although the Companybelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results may differmaterially from those in the forward-looking statements. Factors thatcould cause the actual results to differ materially from those inforward-looking statements include results of exploration activitiesmay not show quality andquantity necessary for further exploration or future exploitation ofminerals deposits, volatility of gold and silver prices, delays inmine development activities, future cash flow expectations andcontinued availability of capital and financing, permitting and otherapprovals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guaranteesof future performance and actual results or developments may differmaterially from those projected in the forward-looking statements.Forward-looking statements are based on the beliefs, estimates andopinions of the Company's management, contractors and consultantson the date the statements are made. Except as required by applicablesecurities laws, the Company undertakes no obligation to update theseforward-looking statements in the event that management's,contractor’s and consultants’ beliefs, estimates or opinions, orother factors, should change.
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