Omai Gold Advances Project Development with Updated Technical Studies

Omai Gold Mines Corp. has taken a major step forward in advancing its flagship asset by engaging SLR Consulting to deliver an updated Mineral Resource Estimate (MRE) and an updated Preliminary Economic Assessment (PEA) for the historic Omai Gold Project in Guyana. This strategic move reflects the company’s commitment to transparency, technical excellence, and long-term value creation for shareholders.

The updated studies are expected to incorporate new geological insights, recent drilling results, and modern mining and processing assumptions, positioning the Omai Gold Project as one of the most promising undeveloped gold assets in South America.

Overview of the Omai Gold Project

The Omai Gold Project is a past-producing, large-scale gold deposit located in central Guyana, South America. Historically, the Omai mine was one of the largest gold producers in the region, operating successfully for several decades and producing millions of ounces of gold.

Today, controls 100% of the Omai Gold Project, providing the company with full exposure to exploration success and future development upside. The project benefits from excellent infrastructure, a skilled local workforce, and a mining-friendly jurisdiction with a long history of supporting responsible mineral development.

Engagement of SLR Consulting

To ensure the highest level of technical rigor, Omai Gold has engaged , an internationally recognized consulting firm with extensive experience in mineral resource estimation, mine planning, metallurgy, environmental studies, and economic analysis.

SLR Consulting is widely respected for its independent, data-driven approach and compliance with global reporting standards, including National Instrument 43-101 (NI 43-101). Their involvement adds significant credibility to the updated MRE and PEA and reinforces investor confidence in the results.

Why SLR Consulting Matters

SLR Consulting brings decades of experience working on gold projects across the globe, from early-stage exploration to advanced development and production. By engaging SLR, Omai Gold ensures that its updated studies reflect best practices in geology, engineering, and economic modeling.

The firm’s multidisciplinary team will integrate geological data, metallurgical test work, mining methods, processing flowsheets, and cost assumptions into a cohesive and robust economic framework.

Updated Mineral Resource Estimate (MRE)

The updated Mineral Resource Estimate is a cornerstone of the current technical work. It aims to refine and expand the existing resource base by incorporating recent drilling data, improved geological interpretations, and updated modeling techniques.

This new MRE will reassess the size, grade, and classification of gold mineralization at Omai, potentially upgrading resources and identifying new zones of economic interest.

Key Objectives of the Updated MRE

• Integrate recent drilling and assay results
• Improve geological and structural understanding of the deposit
• Apply modern resource modeling techniques
• Ensure compliance with NI 43-101 reporting standards

By delivering a more accurate and up-to-date resource model, Omai Gold aims to provide a solid foundation for mine planning and economic evaluation.

Updated Preliminary Economic Assessment (PEA)

Alongside the updated MRE, SLR Consulting will prepare an updated Preliminary Economic Assessment. The PEA is designed to evaluate the technical and economic viability of the Omai Gold Project at a conceptual level.

The updated PEA will build upon the revised resource model and assess various development scenarios, including mining methods, processing options, production rates, capital costs, operating costs, and project economics.

What the Updated PEA Will Include

The updated PEA is expected to address several critical components:

• Optimized mine design and scheduling
• Updated metallurgical recoveries and processing flowsheets
• Revised capital and operating cost estimates
• Economic sensitivity analyses
• Environmental and permitting considerations

These elements will help investors and stakeholders better understand the project’s potential value and development pathway.

Strategic Importance of the Updated Studies

The decision to update both the MRE and PEA reflects Omai Gold’s proactive approach to project development. Gold markets continue to experience strong long-term fundamentals, driven by inflation concerns, geopolitical uncertainty, and central bank demand.

By advancing technical studies during favorable market conditions, Omai Gold positions itself to capitalize on future opportunities, whether through project financing, strategic partnerships, or potential development decisions.

Enhancing Shareholder Value

Updated technical studies play a critical role in enhancing shareholder value. A robust MRE and PEA can:

• Reduce technical and economic uncertainty
• Improve project valuation
• Attract institutional investors
• Support future financing initiatives

For existing and prospective shareholders, these updates represent tangible progress toward unlocking the full potential of the Omai Gold Project.

Guyana as a Mining Jurisdiction

Guyana has emerged as one of the most attractive mining jurisdictions in South America. The country offers political stability, a transparent regulatory framework, and a strong track record of supporting responsible mining operations.

The Omai Gold Project benefits from established infrastructure, including road access, power availability, and proximity to skilled labor. These factors significantly reduce development risk and capital intensity compared to greenfield projects.

Government and Community Support

The Government of Guyana has consistently demonstrated support for the mining sector as a key driver of economic growth. In addition, Omai Gold emphasizes responsible engagement with local communities, environmental stewardship, and sustainable development.

These commitments align with global Environmental, Social, and Governance (ESG) standards and are increasingly important to investors.

Technical Excellence and Compliance

All work conducted by SLR Consulting will adhere to internationally recognized standards and best practices. The updated MRE and PEA will be prepared in accordance with NI 43-101 requirements, ensuring transparency, consistency, and reliability.

Independent technical reports provide investors with confidence that the results are based on sound science and engineering, rather than promotional assumptions.

Future Development Pathway

The completion of the updated MRE and PEA will mark a significant milestone for Omai Gold. These studies will serve as a roadmap for future work, potentially including:

• Pre-Feasibility and Feasibility Studies
• Additional exploration drilling
• Metallurgical optimization programs
• Environmental baseline studies

Each of these steps brings the project closer to a potential development decision.

Market Outlook for Gold

The long-term outlook for gold remains positive, supported by macroeconomic uncertainty, inflationary pressures, and the metal’s role as a store of value. High-quality gold projects with scale, infrastructure, and growth potential are particularly attractive in this environment.

The Omai Gold Project, with its history of production and significant remaining resource potential, stands out as a compelling development opportunity.

Conclusion

The engagement of SLR Consulting to deliver an updated Mineral Resource Estimate and Preliminary Economic Assessment represents a critical advancement for Omai Gold Mines Corp. These updated studies will provide a clearer, more accurate picture of the Omai Gold Project’s technical and economic potential.

By combining a world-class asset, an experienced management team, and independent technical expertise, Omai Gold is positioning itself for sustainable growth and long-term success. As the updated MRE and PEA progress toward completion, investors can expect increased clarity, reduced risk, and enhanced confidence in the future of the Omai Gold Project.

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