Omega Pacific Resources Inc. Announces Private Placement

Vancouver, BC, March 27, 2024 / Omega Pacific Resources Inc. (CSE: OMGA) (“Omega” or the “Company”) announces today that the Company intends to complete a non-brokered private placement (the “Private Placement“) consisting of up to 6,000,000 common shares (each, a “Common Shares”) of the Company at a price of $0.50 per Common Shares for gross proceeds of up to $3,000,000.

The Company intends to use the net proceeds raised from the Offering for exploration of the Company’s Lekcin and Williams properties, Williams Property option agreement cash commitments and for general working capital purposes. The Company will pay finders' fees to eligible finders in connection with the Private Placement, subject to compliance with applicable securities laws and the Canadian Securities Exchange (the “CSE”) policies. All securities issued in the Private Placement will be subject to a statutory fourmonth plus one day hold period. Closing of the Private Placement is subject to receipt of all required regulatory approvals, including approval from the CSE. The Private Placement is expected to close on or about April 2, 2024. The Company may elect to increase the size of the Private Placement.

The Common Shares will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. Directors and officers of the Company may acquire securities under the Private Placement, which will be considered a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Omega Pacific Resources Inc.

Omega Pacific is a mineral exploration company focused on the development of mineral projects containing base and precious metals.

On Behalf of the Board of Directors

Omega Pacific Resources Inc.

Jason Leikam

Chief Executive Officer and Director Tel: (778) 790-0886 Email: [email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements with respect to receipt of final approval from the Canadian Securities Exchange and the expected timing of commencement of trading. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company, including, but not limited to: changes in general economic conditions or conditions in the financial and capital markets; uncertainties related to the availability and costs of financing needed in the future; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions and geopolitical risk and social unrest. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.