Blue Lagoon Resources : Corporate Presentation December 2022

FSE: 7BL

CSE: BLLG OTCQB: BLAGF

Dec 2022

Company Disclaimer

Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. Such forward-looking statements herein may include but are not limited to: strategic plans and expectations for the development of the Company's Properties; costs, metal price assumptions, cash flow forecasts, internal rate of return, projected capital and operating costs; gold recoveries mine life and gold production rates; and intended use of proceeds.

Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; availability to realize historical technical data and develop and finance the projects; accuracy of the interpretations and assumptions used in calculating mineral resource estimates; availability of mining equipment; availability of skilled labour; timing and amount of capital expenditures; laboratory and other related services are available and perform as contracted; effects of regulation by governmental agencies; and future operating costs.

"The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below and elsewhere in this presentation: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the uncertainties of resource estimations; project cost overruns or unanticipated costs and expense; uncertainty as to actual capital costs, operating costs, production and economic returns and uncertainty that development will result in a profitable mining operation at the Dome Mine Gold Project or any of the Company's other projects, fluctuations in commodity prices and currency, political and economic risks and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this presentation if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.

QUALIFIED PERSON. under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects, the Qualified Person for this presentation is Bill Cronk, P.Geo., for Blue Lagoon Resources Inc., who has reviewed and approved its contents.

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Blue Lagoon Resources…

15 Known High Grade Gold Veins

20 Km of Geological Strike

PLUS

A 75,000 tonnes / Year

Permitted Gold Mine

In British Columbia, Canada

Mining Permit & Environmental Management Act Permit for 75,000 t/yr

No production decision has been made, and any production decision will be subject to completion of permit conditions which are on going

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Why Blue Lagoon Resources…

COMPANY

Young dynamic corporation with excellent capital structure. Recently acquired Metal Mountain Resources Inc. and its high quality assets

MANAGEMENT	GOLD
Solid Management
with 100+ years of	If you have to
experience in		invest in one
publicly traded	INVEST IN CANADA commodity these
companies.	High quality asset	days…, this should
Proven ability to	be GOLD!
portfolio located in
raise significant	British Columbia,	Excellent
capital	globally one of the	macroeconomic
	safest jurisdictions	and sociopolitical
	drivers
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FLAGSHIP PROJECT

The Dome Mountain mine site has seen $30M spent (last 14 years) as well as $40M previously spent by Timmins and Noranda for: Mine Permitting Infrastructure Construction Underground Development

Plus $10 Million + exploration drilling

Corporate Structure

BLUE LAGOON

RESOURCES

INC. (CSE: BLLG)

• In March 2020, Blue Lagoon via an all-shares transaction, completed the acquisition of Metal Mountain Resources Inc, and now controls 100% of the historic Dome Mountain Gold Mine and 100% of the promising Big Onion Porphyry Copper Project
  (Now Optioned)
• Dome Mountain is accessible by well maintained roads all year round and is less than a 50-minute drive from the town of Smithers, in North-Western B.C.

PELLAIRE	DOME MOUNTAIN	•	In August 2019, Blue Lagoon completed the
GOLD PROJECT	GOLD MINE		acquisition of ASIC Mining Inc, holding the
	Pellaire Gold Project, Clinton Mining District,
BC, CANADA	BC, CANADA
	B.C. Pellaire has 10 mineralized gold and
7,100 hectares	21,541 hectares		silver bearing quartz veins identified with
	strike lengths from 100-300 meters; thickness
			varies from 0.3 to 7.7 meters

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