Blue Lagoon Resources Inc. announced a non-brokered private placement of up to 3,571,428 common shares at a price of CAD 0.14 per share for the gross proceeds of CAD 499,999.92 on August 22, 2023. Any securities issued in connection with the transaction will be subject to a four-month hold period, in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable. The transaction is subject to Canadian Securities Exchange acceptance.