Blue Lagoon Completes Third Tranche of Private Placement

VANCOUVER, November 1, 2019 - Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG)(FSE:7BL)(OTC:BLAGF) is pleased to announce that it has completed the third and final tranche of its non-brokered private placement described in its news release dated September 16, 2019. In connection with the third tranche closing, the Company issued flow-through common shares at a price of $1.00 per share for gross proceeds of $450,000.

The Company intends to use the funds to conduct mineral exploration work to advance its properties as well as for general working capital. The securities will 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: ranavig@gmail.com

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

SOURCE: Blue Lagoon Resources Inc.