Blue Lagoon Files Annual Financial Statements and Provides Comment ON Temporary Cease Trade Order
FSE: 7BL
CSE: BLLG
OTCQB: BLAGF
BLUE LAGOON FILES ANNUAL FINANCIAL STATEMENTS
AND PROVIDES COMMENT ON TEMPORARY CEASE TRADE ORDER
August 6, 2026 – Vancouver, British Columbia – Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB:
BLAGF; FSE: 7BL) has completed and filed its audited annual consolidated financial statements for
the year ended March 31, 2026, together with the related management’s discussion and analysis and
officer certifications. The filings are available under the Company’s profile on SEDAR+.
The Company has been advised that, notwithstanding the completion of the required filings, the
British Columbia Securities Commission (the “BCSC”) issue d a failure-to-file cease trade order
because the filings were not completed by the prescribed filing deadline. As a result, trading in the
Company’s securities on the Canadian Securities Exchange is expected to be temporarily suspended.
As all required annual filings have now been completed, the Company expects the BCSC to issue an
order revoking the cease trade order, with trading expected to resume on August 7, 2026.
The Company was unable to complete the filings by the prescribed deadline because this year’s audit
was substantially more complex than in prior years. During the fiscal year, Blue Lagoon transitioned
from an exploration and development-stage company into an operating gold producer. As a result,
the audit included several areas that had not previously formed part of the Company’s financial
reporting, including revenue recognition, production inventory, mine operating costs and the
accounting treatment of mine development and production assets.
The expanded audit work coincided with the Company’s transition to a new audit firm. This required
extensive first-year audit procedures, additional documentation review and coordination, which
collectively took considerably more time than originally antic ipated.
The Company emphasizes that the filing delay was administrative and audit -related and was not
caused by an interruption to mine activities or any issue affecting the continuation of operations at
the Dome Mountain Gold Mine. Operations at Dome Mountain continued throughout the audit and
filing process and remain ongoing.
For further information, please contact:
Rana Vig
President and Chief Executive Officer
Telephone: 604-218-4766
Email: [email protected]
About Blue Lagoon Resources Inc.
Blue Lagoon Resources Inc. (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is a Canadian -based, well-
funded, growth-oriented mining company that achieved commercial production at 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 milling agreement
with Nicola Mining. During the second half 2026, the Company plans to continue reinvesting 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 has not based 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.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement
This news release contains forward-looking information within the meaning of applicable Canadian securities laws,
including statements regarding the anticipated revocation of the cease trade order, the temporary nature of the
trading suspension, the resumption of trading in the Company’s securities and the Company’s future production,
development and exploration activities. Such forward-looking information is based on management’s current
expectations and assumptions, including that the Company’s completed filings will satisfy applicable regulatory
requirements and that any required regulatory and exchange procedures will be completed in the ordinary course,
and is subject to risks and uncertainties, including the possibility that additional information or f ilings may be
required, that the regulatory review may take longer than expected or that additional conditions may be imposed
before trading resumes. There can be no assurance as to the timing of the revocation order or the resumption of
trading. Readers are cautioned not to place undue reliance on forward-looking information, and the Company
undertakes no obligation to update or revise such information except as required by applicable securities laws.