Omai Gold Mines Corp

Omai Gold Mines Corp. holds a 100% interest in the past-producing Omai Gold Mine in Guyana, which produced over 3.7 million ounces of gold between 1993 and 2005. The Company announced a PEA in April 2024, showing an open pit operation to produce 1.84 million ounces of gold over a 13-year period, with an NPV5% of US$556 million at a US$1,950/oz gold price. This baseline PEA incorporates only 45% of the property’s MRE and management believes that with additional work the mine plan can be significantly expanded, the economics enhanced, and the open pit resources further increased. As a brownfields project, Omai benefits from good road access and a wealth of historical data that provides knowledge of the geology and gold mineralization on the Property, as well as 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

Ongoing 10,000m to 15,000m resource expansion drill program at the Wenot open pit deposit

6 Months

Updated mineral resource estimate for the Wenot open pit deposit in Q2 2025

12 Months

Updated PEA in Q3 2025 including the expanded open pit resource at Wenot open pit deposit, plus integration the Gilt Creek underground deposit into the mine plan, for a significantly expanded production profile and project economics.

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 initial PEA in March 2024 (based on only one of the two gold deposits on site) was to set a base economics but we believe there is clear potential for this to be significantly expanded. Omai is proving that it has the potential to rival its historical production profile.