OMNIA METALS GROUP LTD — Capital/Financing Update 2023

Sep 4, 2023

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ASX RELEASE

ASX: OM1

05 September 2023

Exploration Update – Lac des Montagnes Project

Highlights

• The first phase of rock chip sampling has been successfully completed at the Lac des Montagnes Project, James Bay, Quebec.

• 10 high-priority target areas have been identified based on geology, geophysics and geochemical indicators (from p-XRF analysis), such as Low-K/Rb ratios and anomalous pathfinder elements (Nb, Sn, Ta & W).

• Rock chip samples delivered to the lab with results expected in 4-6 weeks.

• Omnia has began planning for its maiden drill campaign which is scheduled to begin in November 2023.

Omnia Metals Group Ltd (“Omnia” or the “Company”) provides an update on exploration activities at the Company’s Lac des Montagnes Lithium Project, Quebec, Canada. Following the recommencement of field work on 1 August 2023 , the Company is pleased to advise that the first phase of mapping and rock chip sampling has been completed. A total of 1,113 rock chip samples have undergone preliminary portable-XRF (p-XRF) analysis and have been sent to the laboratory for multi-element analysis with a further 292 p-XRF sample points taken in the field on glacially rounded outcrops. Additionally, a trial soil sampling program and ground magnetics survey were conducted to determine the effectiveness of the techniques in targeting ‘blind’ orebodies.

10 high-priority target areas have been identified based on geology, geophysics and geochemical indicators (from p-XRF analysis) such as Low-K/Rb ratios and anomalous pathfinder elements (Nb, Sn, Ta & W). While awaiting the results of rock chip assays, the Company is preparing to undertake its maiden drilling campaign. The drilling is expected to begin in November and discussions with drilling contractors and stakeholders is well advanced.

Omnia Metals’ Executive Director, James Warren, commented:

“We’re extremely pleased to have completed the first program of a systematic exploration strategy that is to be completed over the coming months and years. This work is the first time a company has undertaken any field work over the large and highly prospective package, so it’s exciting to see the story unfold and to generate high-priority target areas to vector in on. We are now working towards completing our maiden drilling program, to be undertaken towards the end of the year.”

OMNIA METALS GROUP LTD │ ACN: 648 187 651 │ ASX: OMI 22 Townshend Road, SUBIACO, WA, AUSTRALIA, 6008 │ +61 08 9388 0051 info@omniametals.com.au │ www.omniametals.com.au

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Figure 1: p-XRF K/Rb map of the Lac des Montagnes Project

Update on Exploration

Lac des Montagnes Project, Canada

The objective of the rock chip sampling program is to initially determine the most fertile and prospective outcropping pegmatite granites over the vast Project area, and then vector in on these areas with tighter spaced sampling and subsequently drilling. The exploration strategy focussed on sampling as many outcropping pegmatite granites as possible, as opposed to only the “Spodumene Suite” pegmatites identified by MERN. The pegmatite granites were either identified historically by MERN geologists or have recently been identified by the company from aerial imagery, Sentinel-2 imagery or during aerial reconnaissance. The strategy has been justified with some of the most prospective targets identified from outside the MERN “Spodumene Suite” pegmatites.

Throughout the work program, the Company has developed an enhanced understanding of the geology of the Lac des Montagnes Project and, in turn, the areas which are considered the most fertile and prospective. Targets have been generated from geophysical and geological interpretation coupled with preliminary p-XRF data, with 10 high-priority target areas generated from this round of work. The Company will now turn it’s focus to vectoring in on these areas and effectively sampling beneath the moss and glacial till cover which mask hidden or ‘blind’ mineralisation.

In preparation for Omnia’s future exploration programs focussing on areas that are under cover, the Company completed a trial soil sampling survey and ground magnetics survey over a key target area. Soil samples were taken at multiple horizons in the soil profile and will be tested using different analytical techniques to determine the best method for future programs. The use of geophysics and remote sensing techniques will also form key parts to future exploration endeavours.

Laboratory results from rock chip sampling are expected in 4-6 weeks which will assist in the further delineation of targets and areas. In the meantime, the Company is progressing talks with drilling contractors and stakeholders with a view to embark on its maiden drilling campaign in November 2023.

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Figure 2: Ground magnetic survey completed in the Posté Albanel West area. Trial soil samples were collected at 50m spacings along line L3450N

- END –

This announcement is approved for release by the Board of Omnia Metals Group

For further information please contact:

James Warren Anna MacKintosh Managing Director Company Secretary james@omniametals.com.au anna@omniametals.com.au

About Omnia

Omnia Metals Group Ltd (ASX:OM1) goal is to become a leader in the exploration, and development, of future facing commodities used in advanced technologies and essential to the global energy transition.

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Recently, the Company completed due diligence on the Lac des Montagnes Project and entered an Earn-In Agreement (“Agreement”) to acquire up to 100% interest in 540km[2] of granted claims considered highly prospective for lithium mineralisation as defined by the Ministère des Ressources Naturelles et des Forêts (MERN).

Competent Persons Statement

The information in this report which relates to Exploration Results is based on information compiled by Dr. James Warren, a Competent Person who is a member of the Australian Institute of Geoscientists. Dr. Warren is the Managing Director of Omnia Metals Group Ltd. Dr. Warren has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr. Warren consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Omnia Metals Group Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	• Nature and quality of sampling (eg	•	The Company has completed rock chip sampling
techniques	cut channels, random chips, or		and mapping.
	specific specialised industry	•	Geologists have collected 1113 rock chip
	standard measurement tools		samples (which have had p-XRF analysis
	appropriate to the minerals under		completed and have been submitted to the lab
	investigation, such as down hole		for multi-element analysis).
	gamma sondes, or handheld XRF	•	Laboratory results are expected in 4-6 weeks.
	instruments, etc). These examples	•	An additional 292 p-XRF samples points have
	should not be taken as limiting the broad meaning of sampling. • Include reference to measures	•	been collected during field mapping. Sample locations are highlighted in images in the text.
	taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	•	The work completed to date is considered reconnaissance and exploratory in nature consisting of outcrop mapping, sampling and prospecting.
	• Aspects of the determination of	•	Sampling has been focused on felsic intrusive
	mineralisation that are Material to		rock types such as granite, pegmatite granite,
	the Public Report.		pegmatite and granitic gneiss units.
	• In cases where ‘industry standard’
	work has been done this would be
	relatively simple (eg ‘reverse
	circulation drilling was used to
	obtain 1 m samples from which 3 kg
	was pulverised to produce a 30 g
	charge for fire assay’). In other
	cases more explanation may be
	required, such as where there is
	coarse gold that has inherent
	sampling problems. Unusual
	commodities or mineralisation types
	(eg submarine nodules) may
	warrant disclosure of detailed
	information.
Drilling	• Drill type (eg core, reverse	•	No drilling completed
techniques	circulation, open-hole hammer,
	rotary air blast, auger, Bangka,
	sonic, etc) and details (eg core
	diameter, triple or standard tube,
	depth of diamond tails, face-
	sampling bit or other type, whether
	core is oriented and if so, by what
	method, etc).
Drill sample	• Method of recording and assessing	•	Not applicable
recovery	core and chip sample recoveries
	and results assessed.
	• Measures taken to maximise
	sample recovery and ensure
	representative nature of the
	samples.
	• Whether a relationship exists
	between sample recovery and grade
	and whether sample bias may have
	occurred due to preferential
	loss/gainof fine/coarse material.

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Criteria	JORC Code explanation	Commentary	Commentary
Logging	• Whether core and chip samples	•	All rock chips have been qualitatively logged and
	have been geologically and		stored in FULCRUM geological logging
	geotechnically logged to a level of		software.
	detail to support appropriate Mineral	•	Logging consists of lithology, mineralogy,
	Resource estimation, mining studies		structural and textural information.
	and metallurgical studies.	•	1113 rock chip samples have been
	• Whether logging is qualitative or		photographed and submitted to the laboratory.
	quantitative in nature. Core (or
	costean, channel, etc) photography.
	• The total length and percentage of
	_the relevant intersections logged. _
Sub-sampling	• If core, whether cut or sawn and	•	Geologists completed mapping and sampling
techniques	whether quarter, half or all core		over targets identified from MERN datasets and
and sample	taken.		high-resolution satellite imagery.
preparation	• If non-core, whether riffled, tube	•	Helicopter assisted rock chip sampling was
	sampled, rotary split, etc and		completed over several targets throughout the
	whether sampled wet or dry.		Project area.
	• For all sample types, the nature,	•	Fresh rock chip samples were collected from
	quality and appropriateness of the		outcropping pegmatite granite targets.
	sample preparation technique.	•	The rock chip samples were systematically
	• Quality control procedures adopted		analysed using the Vanta p-XRF prior to
	for all sub-sampling stages to		submission to the laboratory.
	maximise representivity of samples.	•	Additional p-XRF analyses were conducted in
	• Measures taken to ensure that the		the field where glacial rounding made rock chip
	sampling is representative of the in		sampling difficult.
	situ material collected, including for	•	A fresh surface was chipped at the rock face
	instance results for field		and a p-XRF analysis taken.
	duplicate/second-half sampling.
	• Whether sample sizes are
	appropriate to the grain size of the
	_material being sampled. _
Quality of	• The nature, quality and	•	p-XRF results should never be considered a
assay data	appropriateness of the assaying and		proxy or substitute for laboratory analysis
and	laboratory procedures used and		which is required to validate p-XRF results
laboratory	whether the technique is considered		and determine if there exists the potential for
tests	partial or total.		lithium or rare metal mineralisation.
	• For geophysical tools,	•	The p-XRF data is exploratory in nature and
	spectrometers, handheld XRF		is used to assist in target prioritisation
	instruments, etc, the parameters		through an exploration program.
	used in determining the analysis	•	No visual mineralisation has been reported
	including instrument make and		to date.
	model, reading times, calibrations	•	p-XRF results of rock chip samples were
	factors applied and their derivation,		reported using an Olympus Vanta M Series
	etc.		portable XRF in Geochem mode (3 beam)
	• Nature of quality control procedures		and a 20 second read time for each beam.
	adopted (eg standards, blanks,	•	No calibration factors were applied.
	duplicates, external laboratory	•	No previous comparisons of p-XRF and
	checks) and whether acceptable		laboratory data at the project have been
	levels of accuracy (ie lack of bias)		undertaken to date.
	and precision have been established.	•	Duplicate p-XRF readings were taken at ~50 readings. A blank p-XRF reading was taken
			at the start and end ofeachday.
Verification of	• The verification of significant	•	The information pertaining to the release has
sampling and	intersections by either independent		been verified by the Competent Person.
assaying	or alternative company personnel.
	• The use of twinned holes.
	• Documentation of primary data, data
	entry procedures, data verification,
	data storage (physical and
	_electronic) protocols. _

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Criteria	JORC Code explanation	Commentary
	• Discuss any adjustment to assay
	_data. _
Location of	• Accuracy and quality of surveys	•Location of data points has been recorded using
data points	used to locate drill holes (collar and	a handheld GPS with an accuracy of +/- 3m.
	down-hole surveys), trenches, mine	•The location of data points referred to in the
	workings and other locations used in	release have been verified by the Competent
	Mineral Resource estimation.	Person and APEX Geoscience geologists.
	• Specification of the grid system
	used.
	• Quality and adequacy of
	topographic control.
Data spacing	• Data spacing for reporting of	•The data spacing and distribution is variable due
and	Exploration Results.	to the early staged nature of exploration.
distribution	• Whether the data spacing and
	distribution is sufficient to establish
	the degree of geological and grade
	continuity appropriate for the
	Mineral Resource and Ore Reserve
	estimation procedure(s) and
	classifications applied.
	• Whether sample compositing has
	_been applied. _
Orientation of	• Whether the orientation of sampling	•Sampling is biased towards felsic intrusive rock
data in	achieves unbiased sampling of	types such as granite, pegmatite granite and
relation to	possible structures and the extent to	granitic gneiss.
geological	which this is known, considering the
structure	deposit type.
	• If the relationship between the
	drilling orientation and the
	orientation of key mineralised
	structures is considered to have
	introduced a sampling bias, this
	should be assessed and reported if
	material.
Sample	• The measures taken to ensure	•p-XRF samples were taken by APEX geologists
security	sample security.	in conjunction with a mapping and rock chip
		sampling campaign.
		•1113 rock chip samples were securely tagged
		and submitted via courier to ALS Laboratories,
		Val D’Or.
Audits or	• The results of any audits or reviews	•The Company has undertaken extensive due
reviews	of sampling techniques and data.	diligence on the Project, in consultation with
		APEX Geoscience, and believes the property to
		be highly prospective for LCT pegmatites.
		•The Company will be recommencing rock chip
		sampling and mapping programs in the coming
		months to test the prospectivity of the interpreted
		pegmatite targets.
		•Review of geochemical datasets was completed
		by the Competent Person.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number,	•Information pertaining to mineral claims under
tenement and	location and ownership including	the proposed Acquisition have been previously
	_agreements or material issues with _	announced,referto OM1 ASX Release dated7th

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Criteria	JORC Code explanation	Commentary
land tenure	third parties such as joint ventures,	February 2023.
status	partnerships, overriding royalties,
	native title interests, historical sites,
	wilderness or national park and
	environmental settings.
	• The security of the tenure held at the
	time of reporting along with any
	known impediments to obtaining a
	_licence to operate inthe area. _
Exploration	• Acknowledgment and appraisal of	•Geological	and	geophysical datasets were
done by other	exploration by other parties.	sourced	from	Ministère des	Ressources
parties		naturelles	et des	Forêts (MERN), the Quebec
		geological	survey.
		•Recently, MERN released a new 1:50,000 scale
		geological	map of	the Lac des Montagnes region
		which has defined		several new stratigraphic units
		and sub- units and led to significantly enhanced
		understanding of		the economic geology of the
		belt. Prospectivity analysis, for a			variety of
		commodities was completed as part of the
		process with prospective areas for lithium, gold
		and base metal mineralisation			identified
		(Bandyayera, 2022).
		•References are provided within the
		announcement.
Geology	• Deposit type, geological setting and	•Regionally	the geology is dominated by Archean
	style of mineralisation.	mafic/ultramafic and sedimentary lithologies
		intruded by granites.
Drill hole	• A summary of all information	•Sample localities have been highlighted in
Information	material to the understanding of the	Figures within the		body of the release.
	exploration results including a	•The coordinate reference system used is NAD83
	tabulation of the following	/ UTM zone 18N (EPSG: 26918).
	information for all Material drill holes:
	o easting and northing of the drill
	hole collar
	o elevation or RL (Reduced Level –
	elevation above sea level in
	metres) of the drill hole collar
	o dip and azimuth of the hole
	o down hole length and
	interception depth
	o hole length.
	• If the exclusion of this information is
	justified on the basis that the
	information is not Material and this
	exclusion does not detract from the
	understanding of the report, the
	Competent Person should clearly
	_explain why this is the case. _
Data	• In reporting Exploration Results,	•No data aggregation methods have been
aggregation	weighting averaging techniques,	applied to the p-XRF data.
methods	maximum and/or minimum grade
	truncations (eg cutting of high
	grades) and cut-off grades are
	usually Material and should be
	stated.
	• Where aggregate intercepts
	incorporate short lengths of high
	_grade results and longer lengths of _

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Criteria	JORC Code explanation	Commentary	Commentary
	low grade results, the procedure
	used for such aggregation should be
	stated and some typical examples of
	such aggregations should be shown
	in detail.
	• The assumptions used for any
	reporting of metal equivalent values
	_should be clearly stated. _
Relationship	• These relationships are particularly	•	No visual mineralisation has been reported.
between	important in the reporting of	•	The exploration conducted at this stage in
mineralisation	Exploration Results.		exploratory in nature.
widths and	• If the geometry of the mineralisation
intercept	with respect to the drill hole angle is
lengths	known, its nature should be
	reported.
	• If it is not known and only the down
	hole lengths are reported, there
	should be a clear statement to this
	effect (eg ‘down hole length, true
	_width not known’). _
Diagrams	• Appropriate maps and sections (with	•	Appropriate diagrams are included in the body of
	scales) and tabulations of intercepts		the release.
	should be included for any
	significant discovery being reported
	These should include, but not be
	limited to a plan view of drill hole
	collar locations and appropriate
	_sectional views. _
Balanced	• Where comprehensive reporting of	•	All data relevant to the release has been
reporting	all Exploration Results is not		reported.
	practicable, representative reporting
	of both low and high grades and/or
	widths should be practiced to avoid
	misleading reporting of Exploration
	_Results. _
Other	• Other exploration data, if meaningful	•	All data available to the Company has been
substantive	and material, should be reported		reported.
exploration	including (but not limited to):
data	geological observations; geophysical
	survey results; geochemical survey
	results; bulk samples – size and
	method of treatment; metallurgical
	test results; bulk density,
	groundwater, geotechnical and rock
	characteristics; potential deleterious
	or contaminating substances.
Further work	• The nature and scale of planned	•	The Company plans to continue field work with
	further work (eg tests for lateral		drilling planned to commence in November 2023.
	extensions or depth extensions or
	large-scale step-out drilling).
	• Diagrams clearly highlighting the
	areas of possible extensions,
	including the main geological
	interpretations and future drilling
	areas, provided this information is
	_not commercially sensitive. _

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