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BLLG.CN ·

Blue Lagoon Announces Private Placement

Financings

BLUE LAGOON RESOURCES INC.

CSE: BLLG

FSE: 7BL

OTC: BLAGF

NEWS RELEASE

BLUE LAGOON ANNOUNCES PRIVATE PLACEMENT

January 3, 2020 – Vancouver, British Columbia – Blue Lagoon Resources Inc. (the “Company”) (CSE:

BLLG; FSE:7BL; OTC: BLAGF) announces a proposed non-brokered private placement of up to 666,667

common shares of the Company at a price of $1. 50 per share for gross proceeds of up to $1,000,000 (the

“Offering”).

The Offering is subject to acceptance by the Canadian Securities Exchange.

For further information, please contact:

Rana Vig

President and Chief Executive Officer

Telephone: 604-218-4766

Email: [email protected]

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.