Omega Pacific Announces Closing of C$1,084,740 Flow-Through Private Placement

OMEGA PACIFIC ANNOUNCES CLOSING OF C$1,084,740

FLOW-THROUGH PRIVATE PLACEMENT

July 4, 2024 - Omega Pacific Resources Inc. Ltd. ( CSE:OMGA, FSE:QOF, OTCQB:OMGPF)

("Omega" or the "Company") is pleased to announce that further to its news release of June 20,

2024, the Company has completed the initial tranche of its non-brokered private placement of

flow-through common shares (each a " FT Share ") for gross proceeds of C$1,084,740 (the

"Offering "). The Offering was comprised of the issuance of an aggregate of 1,485,945 FT Shares,

at an issue price of C$0.73 per FT Share.

“We are pleased to see interest and support from strategic investors within the mining investment

community. With the initial tranche of our Flow-Through financing now closed, Omega Pacific will

start delivering on our exploration goals and miles tones,” commented CEO Jason Leikam. “We

currently have one drilling rig targeting the expansion and extension of the GIC Prospect zone at

Williams property and we hope to have preliminary results of our first drill hole in July. It is a very

exciting time for the shareholders and stakeholders of Omega Pacific.”

The FT shares will qualify as “flow-through shares” within the meaning of subsection 66(15) of

the Income Tax Act (Canada) (the “Tax Act”). The gross proceeds from the sale of FT Shares will

be used to incur “Canadian exploration expenses” at the Williams Property located in northern

British Columbia, Canada, and will qualify as “flow-through mining expenditures” as defined under

subsection 127(9) of the Tax Act and as “ BC flow-through mining expenditures" as defined in

subsection 4.721(1) of the Income Tax Act (British Columbia) (collectively, the "Qualifying

Expenditures"). The Qualifying Expenditures will be incurred on or before December 31, 2025,

and will be renounced to the subscribers with an effective date of no lat er than December 31,

2024, and as required under the Act.

In connection with the Offering, the Company shall pay to eligible persons finders’ fees consisting

of $75,932 and 103,281 non-transferable finder’s wa rrants (the “Broker’s Warrant”). Of the

Broker’s Warrants, 95,616 are exercisable at $0.73 per share and 7,665 at $0.80 per share for a

period of twelve months.

All securities issued under the Offering are subject to a hold period of four months and one day

from the closing date of the Offering, in accordanc e with the rules and policies of the Canadian

Securities Exchange ("CSE") and applicable Canadian securities laws. The Offering remains

subject to the final acceptance of the CSE.

This press release is not an offer to sell or the s olicitation of an offer to buy the securities in the

United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior

to qualification or registration under the securities laws of such jurisdiction. The securities being

offered have not been, nor will they be, registered under the United States Securities Act of 1933,

as amended, and such securities may not be offered or sold within the United States or to, or for

the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S.

registration requirements and applicable U.S. state securities laws.

About Omega Pacific

Omega Pacific is a mineral exploration company focused on the development of mineral projects

containing base and precious metals.

For more information, please contact:

Omega Pacific Resources Inc.

Jason Leikam, Chief Executive Officer & Director

Tel: +1 (778) 650 4255

Email: [email protected]

Cautionary Statement

Certain statements contained in this press release constitute forward-looking information under

the provisions of Canadian securities laws including statements about the Company’s plans. Such

statements are necessarily based upon a number of b eliefs, assumptions, and opinions of

management on the date the statements are made and are subject to numerous risks and

uncertainties that could cause actual results and f uture events to differ materially from those

anticipated or projected. The Company undertakes no obligation to update these forward-looking

statements in the event that management’s beliefs, estimates or opinions, or other factors should

change, except as required by law.

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or

accuracy of this release.