Omai Gold Grants Incentive Stock Options

Core Viewpoint - Omai Gold Mines Corp. has granted incentive stock options to its Officers, Directors, employees, and consultants, allowing the purchase of up to 10,720,000 common shares at an exercise price of $1.44 per share, with a five-year term and specific vesting schedule [1] Company Overview - Omai Gold Mines Corp. is a Canadian gold exploration and development company focused on expanding its two orogenic gold deposits at the 100%-owned Omai Gold Project in Guyana, South America [3] - The Omai Gold Project is recognized as one of the fastest-growing gold camps in the Guiana Shield [3] - The company reported a 96% increase in the Wenot Gold Deposit's NI 43-101 Mineral Resource Estimate to 970,000 ounces of gold (Indicated) at an average grade of 1.46 g/t Au, and 3,717,000 ounces of gold (Inferred) at an average grade of 1.82 g/t Au [3] - The total global Mineral Resource Estimate at Omai, including the Wenot and Gilt Creek deposits, is now 2,121,000 ounces of gold (Indicated) at an average grade of 2.07 g/t Au, and 4,382,000 ounces of gold (Inferred) at an average grade of 1.95 g/t Au [3] - The Omai Gold Mine produced over 3.7 million ounces of gold from 1993 to 2005 before ceasing operations [3] Current Operations - Three drilling rigs are currently active on the property, focusing on optimizing the upcoming Preliminary Economic Assessment (PEA) and further testing the limits of the Wenot deposit [3] - Additional drilling is planned to explore known gold occurrences for potential near-surface higher-grade satellite deposits [3] - An updated Mineral Resource Estimate and PEA are scheduled for H1 2026 to include the expanded Wenot open pit deposit and the adjacent Gilt Creek underground deposit [3]