Blue Gold Advances Producing Mine Acquisition Strategy to Drive Cash Flow

NEW YORK, NY, July 23,2026 /PRNewswire/ — Blue Gold Limited (Nasdaq: BGL) (Nasdaq: BGLWW) (“BlueGold” or the “Company”), a gold mining company with the infrastructure todeliver gold from mine-to-wallet, today announced that it has entered intomultiple strategic acquisition term sheets as it executes its strategy to builda diversified portfolio of producing gold mining assets.

“This marks an important milestonein the execution of Blue Gold's growth strategy,” commented Andrew Cavaghan, CEOof Blue Gold.  “These acquisitions have the potential to substantially accelerateour evolution into a diversified, cash-flow-generating gold producer while establishinga strong foundation for the Company's long-term growth.”

Over the past 30days, Blue Gold has executed non-binding term sheets with a number of independentmining companies to acquire all, or substantially all, of their operatingbusinesses.

Each of the proposedacquisitions represents an established operating mining business with existing orhistoric production, experienced operating teams and the prospect of near-term positivecash flow. The Company believes completion of any one of these transactions hasthe potential to materially increase Blue Gold's operating scale, generatenear-term operating profit sufficient to substantially cover corporate overheadand provide a platform for continued organic and acquisition-driven growth.

The Company believesthis strategy will reduce reliance on any single asset or jurisdiction whilecreating multiple avenues for growth. Blue Gold continues to actively pursueits claim for compensation from the Government of Ghana, which management viewsas an important and complementary component of its broader strategy to maximizelong-term shareholder value.

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About Blue Gold Limited

Blue Gold Limited(Nasdaq: BGL) (Nasdaq: BGLWW) is gold mining company with theinfrastructure to deliver gold from mine-to-wallet. The Company’s mission is toexplore, develop and operate high quality mining projects while leveragingmodern technologies to sell the gold directly to end customers in tokenisedform. Blue Gold prioritizes growth, sustainable development, and transparencyin all its business practices. We believe that our commitment to responsiblemining will enable us to create value for our shareholders while minimizing ourenvironmental footprint.



Forward-Looking Statements

This press releaseincludes "forward-looking statements" within the meaning of the safeharbor for forward-looking statements provided by Section 21E of the SecuritiesExchange Act of 1934, as amended, and the Private Securities LitigationReform Act of 1995. You are cautioned not to place undue reliance on theseforward-looking statements, which are current only as of the date of this pressrelease. Each of these forward-looking statements involves risks anduncertainties. Important factors that could cause actual results to differmaterially from those discussed or implied in the forward-looking statementsinclude, but are not limited to: general economic or political conditions;negative economic conditions that could impact Blue Gold Limited and the goldindustry in general; reduction in demand for Blue Gold Limited's products;changes in the markets that Blue Gold Limited targets; and any change in lawsapplicable to Blue Gold Limited or any regulatory or judicial interpretation.  As a result, we cannot assure you that theforward-looking statements included in this press release will prove to beaccurate or correct. These and other important factors and risks are discussedin Blue Gold Limited’s annual report on Form 20-F, filed with the U.S.Securities and Exchange Commission (the “SEC”) on April 29, 2026, and otherfilings with the SEC.  In light of theserisks, uncertainties, and assumptions, the future performance or eventsdescribed in the forward-looking statements in this press release might notoccur. Accordingly, you should not rely upon forward-looking statements as aprediction of actual results, and we do not assume any responsibility for theaccuracy or completeness of any of these forward-looking statements. Except asrequired by applicable law, we do not undertake any obligation to, and willnot, update any forward-looking statements, whether as a result of newinformation, future events, or otherwise. For more information regarding BlueGold Limited, please visit https://bluegoldltd.com.

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This press releaseshall not constitute a solicitation of a proxy, consent, or authorization withrespect to any securities. This press release shall also not constitute anoffer to sell or the solicitation of an offer to buy any securities.

For Further Information Contact:
Dave Gentry

RedChip Companies, Inc.

1-800-REDCHIP (733-2447)

1-407-644-4256

BGL@redchip.com