Blue Lagoon Resources CSE: BLLG OTC: BLAGF FSE: 7BL Unlocking - - PowerPoint PPT Presentation

Blue Lagoon Resources

Unlocking shareholder value with a multi-project strategy. CSE: BLLG OTC: BLAGF FSE: 7BL

CAUTIONARY STATEMENT

This presentation includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company might believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration and exploitation of minerals deposits, market prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees

• f future performance and actual results or developments may differ materially from those projected in the

forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Blue Lagoon Resources is a junior mining company that explores for gold in highly prospective and tested properties. The company has the rights to two gold-bearing sites in Canada: the Pellaire Property and Golden Wonder. Geological surveys have found high concentrations of gold at the sites, which when combined with strong gold prices, positions the company well to unlock value for shareholders.

ABOUT

WHY GOLD?

GLOBAL ECONOMIC TRENDS

16%

2019 witnessed strength in the price of gold, which rose 16% from January to October. The gains were driven by large gold purchases by central banks (up to 224 tones in a single quarter). Some analysts are predicting gold could go as high as $10,000. Even with more modest gains, the profitability of mining operations will increase significantly. Price increase in gold between January and October 2019. $5,000 to $10,000

224

Price target for gold (source: Peter Schiff, Euro Pacific Capital).

tons

Amount of gold purchased by central banks between April and June 2019 — a 19 year high.

FIGURE 1: 2019 – BULLISHNESS ON GOLD

5 year high

BLUE LAGOON PROPERTIES:

GOLDEN WONDER PROPERTY

LOCATION:

Western British Columbia, Canada

LAND POSITION:

Five contiguous mineral claims that cover 7,000 hectares.

SURVEY RESULTS:

Some individual samples revealed concentrations as high as 5.8 grams per ton. 22 of 85 soil samples returned 0.5 grams of gold per ton.

PROGRESS TO DATE:

Phase 1 of exploration consisted of ground magnetic surveys, soil and rock sampling, geological mapping, and prospecting.

“Gold’s going to go quite a bit higher than $5000”

• Peter Schiff

Chief Global Strategist, Euro Pacific Capital

BLUE LAGOON PROPERTIES:

PELLAIRE PROPERTY

A DRIVE TO:

Gold project located 220 kilometers due north of Vancouver and 160 kilometers southwest of Williams Lake

POSITION:

Over 17,000 acres (7,119 hectares)

SURVEY RESULTS:

A 1947 study showed 0.61 ounces of gold per ton of soil. More recent studies indicate 800,000 tons at a concentration of 1.2 ounces per ton.

PROGRESS TO DATE:

Approximately 1,400m of underground development completed.

FIGURE 2: PELLAIRE GOLD PROPERTY LOCATION British Columbia CANADA

The targets at the Pellaire Property are gold-bearing quartz veins with high grade gold potential. These veins are located in Pellaire Ridge, part of a mountain range in Western British Columbia. The veins are exposed along the Pellaire Ridge Crest and range from 100 to over 300 meters in length. The thickness of the veins varies from 0.3 to 7.7 meters.

PELLAIRE

Drill-ready, high-grade gold property with million ounce plus gold potential.

20 MAN CAMP & HEAVY EQUIPMENT PELLAIRE WORK SITE

• Work at the site has identified 10 mineralized gold and silver bearing quartz veins.
• Strike lengths vary from 100 to 300 meters; thickness varies from 0.3 to 7.7 meters.
• Recent sampling has found gold concentrations as high as 1.2 ounces per ton.
• Silver concentrations as high as 1,345 grams per ton were found in a report by Canada’s

British Columbia Ministry of Mines.

• 65,000 tons of rock was removed from the Number Three vein as a bulk sample. 25,000

tons of material remain to be tested and processed, giving the company a good opportunity to potentially generate cash in the future without dilution.

• Approximately 1,400 meters of underground development has been completed since 1936.

PROGRESS AT THE DRILL-READY

PELLAIRE RIDGE PROJECT

MANAGEMENT

RANA VIG

• Mr. Vig has over 30 years of business experience during which time he has helped to launch five business

ventures in private industry. He has been involved in several publicly traded companies since 2010, serving first as an executive at an industry leading algorithmic securities trading systems company and then of an award winning automated referral marketing solutions company that powered loyalty and referral marketing programs across 39 countries for brands including AT&T, Sprint, Telus, Envision Financial and others. From 2011 to 2016

• Mr. Vig served as President of Musgrove Minerals, an Idaho focused gold and copper mining exploration

company, and from 2013 to 2016, he was the Chairman and CEO of Continental Precious Minerals Inc., a TSX senior board exploration company with a focus on advancing one of the largest uranium projects in the world, located in Sweden. Mr. Vig is a former chair of BC Open Learning Agency, and serves on several public company boards and committees. He is active in many charitable and community organizations acting as director or advisor. In November 2017, he was invited to the Canadian Senate to receive the Senate 150th Anniversary Medal - which were awarded to top Canadians actively involved in their communities who, through generosity, dedication and hard work, make their hometowns and communities, a better place to live.

CEO AND DIRECTOR

MANAGEMENT

BILL CRONK

Bill Cronk has over 25 years of experience as a geologist and manager of exploration programs for precious and base metal deposits. Mr. Cronk has worked in Africa, Europe as well as North and South America with expertise that ranges from grass roots reconnaissance up to advanced stage and pre-feasibility work. Mr. Cronk worked for mining industry leaders such as Dundee Precious Metals, and Northern Empire - which was acquired by NY listed Coeur Mining (NYSE: CDE), where he gained invaluable management experience and honed his skills in business development, project generation, program design, budget implementation and project management.

CHIEF GEOLOGIST

MANAGEMENT

NORMAN BREWSTER

• Mr. Brewster is the President, Director and CEO of Cadillac Ventures Inc., with development projects in Ontario

(copper) and New Brunswick (tungsten). Mr. Brewster has served on many public and private company boards

• ver his career in the mineral industry. Prior to joining Cadillac Ventures Inc., Mr. Brewster was the interim

President and Executive Chairman of Iberian Minerals Corp., successfully financing, developing and putting into production the Aguas Tenidas Mine in Andalucia, Spain, which became the region’s largest employer. During his tenure Mr. Brewster led negotiations for the purchase of the Condestable Mine in Peru by Iberian Minerals Corp., and as a final duty Mr. Brewster led a committee in reviewing the successful bid by Trafigura Group Pte.

• Ltd. (revenue in 2015 of 97 Bn) to acquire Iberian Minerals Corp., in an all cash takeover. Mr. Brewster also sat
• n a committee, as a Director of Spider Resources Inc., which reviewed the successful all cash acquisition of

Spider Resources Inc., by Cliffs Natural Resources Inc. Mr. Brewster holds Bachelor of Science and Education Degrees from Acadia University and was approved as a Member of the Association of Geoscientists of Ontario.

DIRECTOR

MANAGEMENT

GURDEEP BAINS

• Mr. Bains is a Chartered Professional Accountant (CPA, CA) who in 2003 received his Chartered Accountant

Designation from the Institute of Chartered Accountants of BC and in 2004 graduated from Simon Fraser University with a Bachelor of Business Administration. From 2000 to 2005, he was a Senior Auditor, Assurance Services at KPMG. From 2005 to 2014, Mr. Bains was with Canaccord Genuity as Vice President, internal audit and financial analysis where he was involved in the company’s global expansion by performing the due diligence and integration of $850M in acquisitions in Canada, US, UK, Australia and China. From June 2014 to October 2017, he was the CFO at OK Tire Stores Inc., an automotive company with over 330 locations across

• Canada. From October 2017 to March 2019, Mr. Bains was CFO at Zenabis Ltd., contributing in both finance

and business development roles.

DIRECTOR

MANAGEMENT

• Mr. Marrelli is a Chartered Professional Accountant (CPA, CA, CGA) and a member of the Institute of

Chartered Secretaries and Administrators, a professional body that certifies corporate secretaries. He has a Bachelor of Commerce degree from the University of Toronto and has over 17 years of experience offering regulatory compliance services to listed companies on the Toronto Stock Exchange, TSX Venture Exchange, and the Canadian Securities Exchange.

CFO

CARMELO MARRELLI

KEY TAKEAWAYS

• Drive to drill-ready project with high grade

gold showings.

• The price of gold is on the rise, potentially

leading to increased gold mining profits.

• Recent sampling shows high concentrations of

gold at Blue Lagoon’s properties.

• Blue Lagoon’s management team has extensive

experience running mining exploration and public companies.

• Blue Lagoon is on track to earn up to 100%
• wnership of the Pellaire Project.

CONTACT

Blue Lagoon Resources

610 - 700 West Pender Street Vancouver BC V6C 1G8 604-218-4766