Blue Lagoon Resources Inc. (CSE: BLLG) (OTCQB: BLAGF) (FSE: 7BL) is proud to announce that it has been awarded the 2026 Sustainability Award by the Prospectors & Developers Association of Canada, one of the mining industry’s most respected global honours and a distinction rarely awarded to companies of Blue Lagoon’s size.

The award was presented on March 3, 2026 at the sold-out PDAC Awards Celebration & Nite Cap dinner gala held during the annual PDAC Convention in Toronto.

The PDAC Sustainability Award recognizes organizations demonstrating outstanding leadership in environmental stewardship and community engagement within the mineral exploration and mining sector. Blue Lagoon received the award for its commitment to responsible development and strong partnership with the Lake Babine Nation at the Dome Mountain Gold and Silver Project in British Columbia.

The award was accepted by Rana Vig, President & CEO of Blue Lagoon Resources, alongside Bill Cronk, Chief Geologist and Project Manager, who has been instrumental in advancing the Dome Mountain project.

In a powerful show of support, Chief Wilfred Adam and Deputy Chief Bessie West of the Lake Babine Nation traveled to Toronto specifically to attend the ceremony, underscoring the strength of the partnership between the Nation and Blue Lagoon.

“Our partnership with Blue Lagoon Resources is built on respect for our Yintah and a shared commitment to protecting the land while creating meaningful opportunities for our people,” said Chief Wilfred Adam of the Lake Babine Nation. “Seeing this work recognized on a global stage like PDAC is something we are proud of, and it reflects what can be achieved when industry and First Nations work together in a spirit of trust and responsibility.”

Left: Blue Lagoon Resources Chief Geologist & Project Manager Bill Cronk with President and CEO Rana Vig. Right: Rana Vig with Lake Babine Nation Chief Wilfred Adam

“It was a tremendous honour to receive this recognition from PDAC, especially alongside some of the most respected names in our industry, including mining legend and philanthropist Ross Beaty. For a small company like Blue Lagoon, this makes the recognition even more meaningful,” said Rana Vig, President & CEO of Blue Lagoon Resources.

During the award ceremony, Vig further commented, “This recognition belongs as much to the Lake Babine Nation as it does to our team. They welcomed us into their territory and shared with us the meaning of Yintah – that the land is sacred and our responsibility is not simply to benefit from it, but to protect it. Their trust has helped shape the way we operate and the company we have become. They didn’t just help us build a mine – they helped us become a better company and me a better leader. We accept this honour with humility and with a promise that what we are building today is something future generations will be proud of.”

Vig also acknowledged the role of Blue Lagoon’s technical leadership:

“Bill Cronk was the very first person to visit Dome Mountain with me, and he never stopped believing in what the project could become – a high-grade gold and silver producing mine. This award reflects not only his commitment but also the dedication of our entire team.”

The PDAC Awards, first established in 1977, recognize outstanding achievements in the mineral exploration and mining industry worldwide. The Convention is widely regarded as the largest and most influential mining conference in the world, bringing together more than 27,000 industry professionals from over 125 countries annually.

Blue Lagoon’s Dome Mountain Gold Project recently transitioned into production and continues to demonstrate the Company’s commitment to responsible mining practices, environmental stewardship, and meaningful Indigenous partnerships.

About Blue Lagoon Resources Inc.

Blue Lagoon Resources Inc. is a Canadian-based, well-funded, growth-oriented mining company producing from its 100% owned Dome Mountain Gold Mine near Smithers, British Columbia. Led by a team with deep mining and finance experience, the Company operates in one of the world’s most attractive mining jurisdictions.

In February 2025, Blue Lagoon achieved a major milestone with the granting of a full mining permit – one of only nine issued in British Columbia since 2015 – and has since commenced underground mining operations. Mineralized material from Dome Mountain is processed under a long-term toll milling agreement with Nicola Mining. In H2 2026, the Company plans to reinvest internally generated cash flow into near-mine and regional exploration to further expand its resource base on its extensive property.

With a strong commitment to sustainability, community, and First Nation engagement, Blue Lagoon’s objective is to be a profitable, cash-flowing gold producer while creating lasting value for shareholders and stakeholders alike.

The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.