Blue Gold Limited Updates Shareholders on Strategic Growth and Vision to Become the World's First Digital Gold Company

NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (Nasdaq: BGL) ("Blue Gold" or the “Company”), a next-generation gold development and technology company, today provided a shareholder update highlighting significant operational advancements, strategic initiatives, and its evolving vision to become the world’s first fully digital gold company. ASSET DEVELOPMENT AND STRATEGIC M&A Blue Gold continues to execute its growth strategy by focusing on high-quality, high-margin gold and copper assets: Strategic Pipeline: Blue Gold is actively evaluating accretive acquisition opportunities targeting 2 million ounces of annual production within five years and providing geographic diversification, underscoring its commitment to building a multi-asset, multi-jurisdictional gold producer. Mampon Copper/Gold License Acquisition: The Company has signed its first non-binding term sheet to acquire the Mampon Copper/Gold mining license in Ghana, located approximately 80 km north of its Bogoso and Prestea mines. The acquisition structure allocates the cost of further drilling and feasibility studies to the seller, with payment contingent upon verification of resources by independent experts. Under the current terms, Blue Gold’s payment is capped at no more than $45 per oz and 6 million ounces of gold where the grade is greater than 3g/t and no more than $55 per ton and 4 million tons of copper where the grade is greater than 2%, ensuring a low-risk, high-return expansion opportunity. This is in addition to the initial consideration of $26.25m, at a $35 share price, for what the seller estimates to be 300,000 oz of Measured and Indicated Gold Resource. Proactive Resolution of Bogoso Prestea Dispute: The Company continues to engage constructively with the Government of Ghana to resolve the lease dispute concerning the Bogoso Prestea mine, whilst also pressing ahead with the already initiated international arbitration. DIGITAL GOLD: FROM MINE TO WALLET Blue Gold is advancing its digital transformation strategy to create non-dilutive, technology-driven funding solutions and consumer products: Blue Gold Token (BGT): In partnership with TripleBolt Technology, Blue Gold is investigating the creation of a BGT, a fractional gold futures token enabling individuals to acquire future gold production at competitive rates. This initiative has the potential to unlock new capital streams, reduce reliance on equity or debt, and create a transparent, asset-backed digital ecosystem. Integrated Payments Vision: The Company is also exploring a digital gold wallet and payment platform to enable customers to hold and spend gold through everyday transactions. By pairing BGT with a gold-backed debit card, Blue Gold aims to become the world’s first “mine-to-wallet” digital gold company, merging hard-asset security with fintech innovation. Upcoming White Paper: A comprehensive white paper on the BGT project and its potential impact on Blue Gold’s business model will be released in 2025. "Blue Gold is evolving into a diversified gold platform that merges the physical strength of mining assets with the scalability of digital finance,” said Andrew Cavaghan, Chief Executive Officer of Blue Gold Limited. “While we continue to work towards resolving the Bogoso Prestea matter, our focus remains on growth, innovation, and delivering long-term value for our shareholders. The Mampon opportunity and the development of BGT will be key milestones in our journey to redefine what a modern gold company can be. Blue Gold remains steadfast in executing its vision of becoming a next-generation gold leader by combining strong operational performance with digital innovation.” About Blue Gold LimitedBlue Gold Limited (Nasdaq: BGL) is a next-generation gold development company focused on acquiring and aggregating high-potential mining assets across strategic global jurisdictions. The Company’s mission is to unlock untapped value in the gold sector by combining disciplined resource acquisition with innovative monetization models, including asset-backed digital instruments. Blue Gold is committed to responsible development, operational transparency, and leveraging modern financial technologies to redefine how gold is produced, accessed, and owned in the 21st century. Blue Gold prioritizes growth, sustainable development, and transparency in all our business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint.   Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to: general economic or political conditions; negative economic conditions that could impact Blue Gold Limited and the gold industry in general; reduction in demand for Blue Gold Limited's products; changes in the markets that Blue Gold Limited targets; and any change in laws applicable to Blue Gold Limited or any regulatory or judicial interpretation. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in Blue Gold Limited’s shell company report on Form 20-F, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2025, and other filings with the SEC. In light of these risks, uncertainties, and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information regarding Blue Gold Limited, please visit https://bluegoldmine.com. No Offer or SolicitationThis press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption. For Further Information Contact: Tavistock Communications BlueGold@tavistock.co.uk +44 20 7920 3150 Skyline Corporate Communications Group, LLC Scott Powell, President One Rockefeller Plaza, 11th Floor New York, NY 10020 Office: (646) 893-5835 Email: info@skylineccg.com

Blue Gold Limited Updates Shareholders on Strategic Growth and Vision to Become the World's First Digital Gold Company

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