Omai Gold Mines Corp. announced further strong drill results from the Company's Omai gold project in Guyana. These new assays for diamond drill holes 23ODD-066, -067 and -068, combined with the recent drill results further extend the multiple gold-zones of the Wenot deposit, and are expected to positively impact the upcoming Mineral Resource update.

Highlights from these recent drill holes include: 5.89 g/t Au over 12.0 m. 8.70 g/t Au over 4.6 m. 2.45 g/t Au over 8.6 m. 1.99 g/t Au over 8". The 2023 drilling in addition to expanding the main gold zones at Wenot, has also outlined a wide zone of gold mineralization within the southern sedimentary rock sequence. It appears to be continuous from surface to a depth of at least 300m.

Drilling suggests the gold zone increases in width and grade with depth and may merge at depth with the gold zone at the Central Contact Shear. A mine at Omai would attract employees from the local work force who have years of mining experience. The town of Linden, just 55 km from the Omai property is a community with deep roots in mining, both from its origins in bauxite mining and as the home to many of the former Omai gold mine employees.

This community of almost 40,000 people has the relevant skills for the many jobs that a large scale gold mine offers." Diamond drill holes 23ODD- 066 and -067 further test the extent of the West Wenot target area that lies west of the past-producing pit. Hole 23ODD-068 was drilled in the mid-pit area but did not reach the planned depth, nonetheless intersected a few gold zones on the north flank of Wenot. Results are detailed in Table 1. Two zones within the northern volcanics were intersected, the first grading 1.33 g/t Au over 8.,5m would appear to correlate with a wide zone 75m up-dip in hole 21ODD-001 that assayed 1.85 g/t Au over 22.5m.

These gold zones identified on the northern flank of Wenot should be explored with a series of short holes, as these are near surface and may represent gold-bearing splays off the main structure. Hole -068 terminated at the beginning of the Rhyolite-Diorite dike zone with one intersection of 1.87 g/t Au over 0.9 m, 13m before the hole terminated. A follow up hole is planned in this area early in the next drill program.

Holes in this area represent the deepest intersections of the Wenot deposit: hole 23ODD-064 intersected 5.18 g/t Au over 20.2m at a vertical depth of ~450m, hole 21ODD-001 intersected 4.77 g/t Au over 22".