Omai Gold Mines Corp

Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on its 100%-owned Omai Gold Project in mining-friendly Guyana, South America. The project hosts two adjacent orogenic gold deposits. An updated Mineral Resource Estimate of 5.5 million oz (Inferred) at 1.59 g/t Au (in 106.6Mt) plus 2.5 million oz (Indicated) at 2.04 g/t Au (in 38.1Mt) was announced April14, 2026. This includes both the Wenot shear-hosted open pit deposit and the adjacent Gilt Creek intrusion-hosted underground deposit. A Preliminary Economic Assessment (PEA) is being prepared and is expected Q2-2026 which will incorporate the new Resources in Wenot and Gilt Creek. As a brownfields project, Omai benefits from good road access, and a wealth of historical data that provides knowledge of the geology, gold mineralization, metallurgy, historical processing recoveries, and many other relevant mining parameters.

Management Profile:

Elaine Ellingham - President & CEO

President & CEO Elaine Ellingham is a geologist with over 30 years of experience in exploration, production, corporate development, including numerous Board & executive roles. Elaine was at TSX for 8 years in Corporate Finance and later as National Leader, Mining & initiated an aggressive program to establish TSX as the destination mining exchange. At Richmont Mines Inc, acted as lead director for 7 years, stepped in as interim CEO, introducing a new chapter for the gold producer, and remained on the Board through to the successful near-billion-dollar acquisition by Alamos. Current Director at Alamos, previously at Wallbridge Mining and Aurania Resources. Significant capital markets and M&A experience.

What are your key goals for the next 3, 6 and 12 months?

3 Months

Following the newly updated MRE, an updated PEA is planned for H2 2026 to include the expanded Wenot open pit deposit and the adjacent Gilt Creek underground deposit.

6 Months

Ongoing 50,000m program for 2026: at Wenot the focus is to further test the limits of the deposit, including both east and west, and to continue converting Inferred resources to Indicated. Additional drilling will continue to explore certain known gold occurrences for possible near-surface higher-grade satellite deposits. Also, progression of work to inform and advance an Environmental Impact Assessment (EIA) for the Omai Gold Project.

12 Months

Ongoing drilling, metallurgical test work, and EIA-related studies.

What do you think makes your company such a compelling investment?

As a brownfields project, Omai benefits from good access and a wealth of historical data that provides knowledge of the geology, nature of the gold mineralization on the property, as well as metallurgy and historical recoveries. Once South America’s largest producing gold mine, Omai produced over 3.7 million ounces of gold between 1993 and 2005. Our recently updated Mineral Resource Estimate will inform a new PEA slated for Q2-2026 which will now incorporate two gold deposits on site. We believe there is clear potential for Omai to rival its historical production profile.