Blue Lagoon Completes Further $100,000 Private Placement

BLUE LAGOON RESOURCES INC.

CSE: BLLG

FSE: 7BL

OTC: BLAGF

NEWS RELEASE

BLUE LAGOON COMPLETES FURTHER $100,000 PRIVATE PLACEMENT

November 14, 2019 – Vancouver, British Columbia – Blue Lagoon Resources Inc. (the “Company”) (CSE:

BLLG; FSE:7BL; OTC: BLAGF) is pleased to announce that it has completed a non-brokered private placement of

100,000 flow-through common shares at a price of $1.00 per share for gross proceeds of $100,000.

“This additional $100,000 financing nicely tops up our previous two tranches, bringing the total raised to $1.1

Million at $1 per share. This allows us to set aside $550,000 of flow-through funds specifically allocated and

reserved for our summer 2020 exploration program,” said Rana Vig, President and CEO.

The shares are be subject to a hold period expiring four months and one day from the date of issuance.

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.