Blue Gold Receives Nasdaq Deficiency Letters and Confirms Commitment to Maintaining Nasdaq Listing

NEW YORK, NY, July 8,2026 /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 received notificationfrom Nasdaq regarding compliance with certain continued listing requirements onthe Nasdaq Global Market.

Nasdaq Notifications

On July 1, 2026, theCompany received a written notification from Nasdaq stating that, based on theclosing bid price of the Company’s Class A ordinary shares, par value US$0.0001per share (the “Class A Ordinary Shares”), for the last 30 consecutive businessdays, the Company’s Class A Ordinary Shares no longer comply with the minimumbid price requirement of $1.00 per share for continued listing on Nasdaq, asset forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”).

In addition, on July 1,2026, the Company received a separate written notification from Nasdaq statingthat the Market Value of Listed Securities (the “MVLS”) of the Company’s ClassA Ordinary Shares has been below the $50 million minimum requirement for thepreceding 30 consecutive business days, and that the Company therefore nolonger meets the minimum MVLS requirement for continued listing on Nasdaq, asset forth in Nasdaq Listing Rule 5450(b)(2) (the “MVLS Requirement”).

The notifications haveno immediate effect on the listing or trading of the Company’s Class A OrdinaryShares or warrants, which continue to be listed and to trade on Nasdaq. Inaccordance with Nasdaq Listing Rules, the Company has a period of 180 calendardays from the date of each notification, or until December 28, 2026, to regaincompliance with the Bid Price Requirement and the MVLS Requirement.

To regain compliancewith the Bid Price Requirement, the closing bid price of the Company’s Class AOrdinary Shares must be at least $1.00 per share for a minimum of 10consecutive business days during the applicable compliance period. To regaincompliance with the MVLS Requirement, the Company’s MVLS must close at $50million or more for a minimum of 10 consecutive business days during theapplicable compliance period.

“We are taking stepsthat position the Company for long-term success as a publicly listed company.Our Nasdaq listing provides an important platform from which to execute ourstrategy, and we remain committed to maintaining our listing while continuing tobuild long-term value for our shareholders,” said Andrew Cavaghan, CEO of BlueGold.

About Blue Gold Limited

Blue Gold Limited(Nasdaq: BGL) (Nasdaq: BGLWW) is a 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 tokenizedform. 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-LookingStatements

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 the forward-looking statements includedin this press release will prove to be accurate or correct. These and otherimportant factors and risks are discussed in Blue Gold Limited’s annual reporton Form 20-F, filed with the U.S. Securities and Exchange Commission (the“SEC”) on April 29, 2026, and other filings 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.

No Offer or Solicitation

This press release shallnot 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