Omai Gold Grants Incentive Stock Options
TSXV: OMG OTCQB: OMGGF
Omai Gold Grants Incentive Stock Options
Toronto, Ontario – (January 9, 2026) – Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF)
(“Omai Gold” or the “Company”) announces that it has granted incentive stock options to Officers,
Directors, employees and consultants of the Company to purchase up to 10,720,000 common
shares of the Company pursuant to the Company's stock option plan. The options have a five-year
term at an exercise price of $1.44 per share, with one third vesting upon the date of grant, one third
on the first anniversary of the date of grant and the final third on the second anniversary of the date
of grant with an expiry date of January 8, 2031.
Qualified Person
Elaine Ellingham, P .Geo., is a Qualified Person (QP) under National Instrument 43-101 "Standards
of Disclosure for Mineral Projects" and has approved the technical information contained in this
news release. Ms. Ellingham is a director and officer of the C ompany and is not considered to be
independent for the purposes of National Instrument 43-101.
ABOUT OMAI GOLD
Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on
rapidly expanding the two orogenic gold deposits at its 100%-owned Omai Gold Project in mining-
friendly Guyana, South America. The Company has established the Omai Gold Project as one of
the fastest growing and well-endowed gold camps in the prolific Guiana Shield. In August 2025, the
Company announced a 96% increase to the Wenot Gold Deposit NI 43 -101 Mineral Resource
Estimate1 (MRE) to 970,000 ounces of gold (Indicated) averaging 1.46 g/t Au, contained in 20.7 Mt
and 3,717,000 ounces of gold (Inferred MRE) averaging 1.82 g/t Au, contained in 63.4 Mt. This
brings the global MRE at Omai, including the Wenot and adjacent Gilt Creek deposits, to 2,121,000
ounces of gold (In dicated MRE) averaging 2.07 g/t Au in 31.9 Mt and 4,382,000 ounces of gold
(Inferred MRE) averaging 1.95 g/t Au in 69.9 Mt. A baseline PEA announced in April 2024,
contemplated an open pit -only development scenario and included less than 30% of the new
Mineral Resource Estimate for Omai. Three drills are currently active on the property: at Wenot the
focus is to optimize the upcoming PEA, to further test the limits of the deposit, including both east
and west, and to commence upgrading the large Inferred MRE to Indicated. Additional drilling wi ll
continue to explore certain known gold occurrences for possible near-surface higher-grade satellite
deposits. An updated MRE and PEA are planned for H1 2026 to include the expanded Wenot open
pit deposit and the adjacent Gilt Creek underground deposit. The Omai Gold Mine produced over
3.7 million ounces of gold from 1993 to 2005 2, ceasing operations when gold was below US$400
per ounce. The Omai site significantly benefits from existing infrastructure and is connected by road
to the two largest cities in Guyana, Georgetown and Linden.
1 NI 43-101 Technical Report dated October 9, 2025 titled “UPDATED MINERAL RESOURCE ESTIMATE
AND TECHNICAL REPORT ON THE OMAI GOLD PROPERTY, POTARO MINING DISTRICT NO.2,
GUYANA” was prepared by P&E Mining Consultants Inc. and is available on www.sedarplus.ca and on the
Company’s website.
2 Past production at the Omai Mine (1993-2005) is summarized in several Cambior Inc. documents available
on www.sedarplus.ca, including March 31, 2006 AIF and news release August 3, 2006.
OMG. V - OMGGF: OTCQB News Release 2026/1/8
For further information, please see our website www.omaigoldmines.com or contact:
Elaine Ellingham, P.Geo.
President & CEO
+1.416.473.5351
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain “forward -looking statements” under applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing
of completion of the drill program, and the potential for the Omai Gold Project to allow Omai to build significant
gold Mineral Resources at attractive grades, and forward -looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors which may cause the actual results and future events to differ materially
from those expressed or implied by such forward-looking statements. Such factors include, but are not limited
to genera l business, economic, competitive, political and social uncertainties; delay or failure to receive
regulatory approvals; the price of gold and copper; and the results of current exploration. Further, the Mineral
Resource data set out in this news release are estimates, and no assurance can be given that the anticipated
tonnages and grades will be achieved or that the indicated level of process recovery will be realized. There
can be no assurance that forward -looking 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.
Cautionary Note Regarding Mineral Resource Estimates
Until mineral deposits are actually mined and processed, Mineral Resources must be considered as estimates
only. Mineral Resource Estimates that are not Mineral Reserves have not demonstrated economic viability.
The estimation of Mineral Resources is inher ently uncertain, involves subjective judgement about many
relevant factors and may be materially affected by, among other things, environmental, permitting, legal, title,
taxation, socio -political, marketing, or other relevant risks, uncertainties, conting encies and other factors
described in the Company's public disclosure available on SEDAR+ at www.sedarplus.ca. The Inferred
Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral
Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the
Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
The accuracy of any Mineral Resource Estimates is a function of the quantity and quality of available data,
and of the assumptions made and judgments used in engineering and geo logical interpretation, which may
prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical
inferences that may ultimately prove to be inaccurate. Mineral Resource Estimates may have to be re -
estimated ba sed on, among other things: (i) fluctuations in mineral prices; (ii) results of drilling, and
development; (iii) results of future test mining and other testing; (iv) metallurgical testing and other studies;
(v) results of geological and structural modelin g including block model design; (vi) proposed mining
operations, including dilution; (vii) the evaluation of future mine plans subsequent to the date of any estimates;
and (viii) the possible failure to receive required permits, licenses and other approvals. It cannot be assumed
that all or any part of a "Inferred" or "Indicated" Mineral Resource Estimate will ever be upgraded to a higher
category. The Mineral Resource Estimates disclosed in this news release were reported using Canadian
Institute of Minin g, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral
Reserves (the "CIM Standards") in accordance with National Instrument 43-101- Standards of Disclosure for
Mineral Projects of the Canadian Securities Administrators ("NI 43-101").