Omai Gold Mines

Omai Gold Mines Corp.(TSX.V: OMG | OTCQB: OMGGF | EU: ON2) is an emerging gold exploration and development company, focused on reviving and expanding its 100%-owned Omai Gold Mine in Guyana, South America. The Omai site, historically one of South America’s most prolific gold mines, produced over 3.8 million ounces of gold from 1993 to 2005. Strategically located within the Guiana Shield, a region known for significant gold endowments, Omai’s key assets include the Wenot and Gilt Creek deposits, both of which offer considerable expansion opportunities through ongoing exploration.

In 2024, Omai Gold Mines released a Preliminary Economic Assessment (PEA) for the Wenot deposit, outlining a robust gold project with a projected production of 1.84 million ounces over a 13-year mine life. With its commitment to responsible development, local economic support, and ongoing resource expansion, Omai is well-positioned to restore the mine’s legacy as a leading gold producer in the region. Supported by a strong management team with extensive mining and exploration expertise, the company is advancing its portfolio in mining-friendly Guyana, where a skilled workforce and infrastructure improvements are already underway.

Omai Gold Mines offersa compelling investment opportunity as a revitalized gold developer with a substantial and growing resource base in a prolific gold region. The 2024 PEA for Wenot highlights a $556 million after-tax NPV (at $1,950/oz gold) and an all-in sustaining cost (AISC) of $1,009/oz, positioning the project as a potentially low-cost, profitable venture. Exploration success continues to elevate the potential of both Wenot and the Gilt Creek deposits, where deeper and lateral drilling are expected to extend mineralization and increase overall resource estimates.

The company benefits from substantial brownfield infrastructure, including an established tailings facility and road access, which supports efficient and cost-effective operations. With favourable governmental support and a strong cash position of over $30 million (post private placement closing February 13), Omai Gold Mines is well-equipped to advance exploration and achieve long-term value creation. The strategic location in the Guiana Shield, known for its large-scale gold deposits, enhances Omai’s potential for sustained resource growth and operational success, making it an attractive option for investors seeking exposure to a high-growth gold developer.

Omai Gold Mines Corp. is led by an experienced management team with a strong track record in gold exploration, project development, and capital markets. Executive Chairman, President & CEO Elaine Ellingham brings extensive industry expertise, having served in senior roles across exploration, development, and corporate finance. With a commitment to maximizing Omai’s potential in the Guiana Shield, she leads the company’s strategic efforts in advancing its flagship Omai Gold Project.

Jason Brewster is VP Operations is a mining engineer with over 25 years’ experience in the mining industry, and has been with Omai Gold since it went public in 2020.

David Stewart recently joined Omai Gold as VP Corporate Development & Investor Relations, and is a Mining Engineer with a background in operations, project development, and also equity research covering precious metals companies.

Dwight Walker is a CFO with over 30 years of experience in finance and administration. He has the experience of serving as CFO of several public companies in the mining sector.

The executive team includes mining industry veterans and technical experts dedicated to advancing Omai Gold’s strategic objectives. The Board of Directors further strengthens this leadership foundation, combining decades of experience in mining, geology, and environmental management. Together, Omai’s leadership team is committed to responsibly developing the Omai Gold Mine while delivering significant value to shareholders.

Omai Gold Mines’ growth strategy is centered on expanding its flagship Omai Gold Project through systematic exploration and resource development, with a focus on both the Wenot and Gilt Creek deposits. The company is working to increase the Wenot resource base, updated in early 2024 with a baseline Preliminary Economic Assessment (PEA) that outlines a strong economic case for development. This growth is supported by aggressive drilling campaigns, which aim to expand known resources along strike and at depth, while testing high-grade satellite targets like Snake Pond and Broccoli Hill.

Omai plans to continue drilling at Wenot through early 2025, followed by expanding the Wenot open pit resource in Q2 2025, which will lead to an updated PEA in Q3 2025. That updated study will not only benefit from an expanded open pit resource, but will also include the Gilt Creek underground deposit to further bolster the production profile and enhance the economics.

The company is also committed to advancing baseline environmental and engineering studies and initiating permitting processes to support long-term project development. With a solid cash position, ongoing resource growth, and favourable infrastructure, Omai Gold Mines is poised to re-establish itself as a leading gold producer in Guyana

Omai Gold Mines Corp. is financially well-positioned to execute its growth plans for the Omai Gold Project. As of the most recent reporting period, the company holds over $30million in cash (post private placement closing February 13), which supports ongoing exploration, drilling, and development activities. With no debt obligations, Omai maintains financial flexibility to advance its projects efficiently while remaining responsive to market opportunities.

The company’s market capitalization, supported by strategic institutional investment, underscores investor confidence in Omai’s potential to deliver significant returns. Omai’s focus on cost-effective resource expansion and the leveraging of existing brownfield infrastructure keeps its capital requirements low. This disciplined approach enables Omai Gold Mines to allocate resources effectively and maintain steady project momentum, ultimately positioning it for future growth and value creation.

Omai Gold Mines Corp. offers a unique investment opportunity in the gold sector, with a clear pathway to renewed production and resource growth at its flagship Omai Gold Project in Guyana. With a strong 2024 Preliminary Economic Assessment for the Wenot deposit projecting an after-tax NPV of $556 million, the project stands out as a cost-effective, technically viable venture with substantial exploration upside. Omai’s experienced leadership team, combined with its strategic focus on expanding high-potential assets, underpins the company’s goal of establishing itself as a premier gold producer in South America.

The company’s commitment to responsible development, coupled with a favourable financial position and supportive government partnerships, enhances its ability to drive long-term value. With an aggressive exploration program targeting resource expansion, Omai is positioned to capitalize on increasing gold prices and investor interest in high-growth gold assets. As Omai Gold Mines advances towards production and continues to unlock the full potential of the Wenot and Gilt Creek deposits, it represents a compelling opportunity for investors seeking exposure to a well-funded, forward-looking gold developer with significant regional and economic impact.