Omineca Announces the Commencement of Diamond Drilling at Mouse Mountain

Omineca Announces the Commencement of

Diamond Drilling at Mouse Mountain

SASKATOON, SK

,

Jan. 28, 2021

/CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM)

("

Omineca

" or the "Company"), reports that it has commenced a

2,000m

drill program at the Mouse

Mountain project located approximately 15 kilometers due west of Omineca's Wingdam gold project

in the Cariboo Mining District of south-central BC. The diamond drill program is part of the option

agreement (see news release

October 10, 2020

) to acquire up to a 50% interest in CanAlaska

Uranium Ltd.'s (TSXV: CVV) Mouse Mountain Project. The program is expected to run for 30 - 45

days.

Mouse Mountain is an alkalic Cu-Au porphyry project located in the prolific NW-SE trending Quesnel

Terrane which is immediately adjacent (west of) the similarly trending Barkerville Terrane that hosts

Omineca's Wingdam Gold project. Located between the nearby Mt. Milligan and Mount Polley mines

within the Quesnel Terrane, the project is centered on a hydrothermal system with copper-gold

mineralization spread over a large area (over 1.5km along strike) associated with typical copper

porphyry style alteration. The current program is aimed at expanding the zones discovered by

previous operators and CanAlaska by drilling several untested targets and chargeability anomalies

identified by previously conducted IP surveys, soil geochemistry and new sampling.

About Omineca Mining and Metals Ltd.

Omineca Mining and Metals Ltd.'s flagship Wingdam gold exploration and placer recovery project is

located along the Barkerville Highway 45 km east of the town of

Quesnel

. The property includes

hard-rock tenures totaling over 50,000 hectares (500 square kms) and in excess of 15 linear

kilometers of placer claims, both encompassing the Lightning Creek valley where topographic

conditions created a thick overburden which preserved a large portion of an underground channel

with placer gold-bearing gravels. Omineca also has a diamond drill program currently underway

exploring for the potential multiple hard rock sources of the placer gold at Wingdam.

Forward Looking Statements

This release includes forward-looking statements regarding Omineca and its business. Such

statements are based on the current expectations and views of future events of Omineca's

management. In some cases, the forward-looking statements can be identified by words or

phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate",

"believe" or the negative of these terms, or other similar expressions intended to identify forward-

looking statements. The forward-looking events and circumstances discussed in this release may

not occur and could differ materially as a result of the failure to consummate the project financing,

the economic feasibility of the Wingdam Project, known and unknown risk factors and uncertainties

affecting Omineca, including risks regarding the resource industry, economic factors and the

equity markets generally and many other factors beyond the control of Omineca. No forward-

looking statement can be guaranteed. Forward-looking statements and information by their nature

are based on assumptions and involve known and unknown risks, uncertainties and other factors

which may cause our actual results, performance or achievements, or industry results, to be

materially different from any future results, performance or achievements expressed or implied by

such forward-looking statement or information. Accordingly, readers should not place undue

reliance on any forward-looking statements or information. Forward-looking statements speak only

as of the date on which they are made and Omineca undertakes no obligation to publicly update or

revise any forward-looking statement, whether as a result of new information, future events, or

otherwise, except as required by applicable securities laws.

Neither 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.

SOURCE

Omineca Mining and Metals Ltd

View original content:

http://www.newswire.ca/en/releases/archive/January2021/28/c7186.html

%SEDAR: 00031647E

For further information:

Tom MacNeill, President and CEO, 1 (306) 653-2692; Dean Nawata, Vice

President, Business Development, 1 (604) 561-2821, [email protected]

CO: Omineca Mining and Metals Ltd

CNW 08:30e 28-JAN-21