Exploration Program Continues to Strengthen Blue Lagoon Geological Model

Dalaroo Metals has provided an update on its 2026 exploration program at the Company's 100%-owned Blue Lagoon Rare Earth Project in southern Greenland.

The field program remains fully on schedule, with approximately 65% of geological mapping, 40% of surface sampling and 50% of lagoon sediment sampling completed.

The exploration team has identified several distinct granite units and mapped numerous aplite sills, significantly improving the Company's understanding of the geological setting and potential source rocks responsible for the rare earth mineralisation previously identified within the Blue Lagoon sediments.

Field observations have also highlighted the extensive drainage systems feeding into the lagoon, providing further support for Dalaroo's source-to-sink exploration model.

Ground Penetrating Radar (GPR) surveying is scheduled to commence shortly and will provide valuable information on the subsurface architecture of the lagoon sediments, helping define future exploration targets.

The Company looks forward to providing further updates as exploration progresses and laboratory assay results become available.