OMNIA METALS GROUP LTD — Capital/Financing Update 2023

May 28, 2023

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ASX RELEASE

ASX:OM1

29 May 2023

Field Work Commences -

Lac des Montagnes Lithium Project

Omnia Metals Group Ltd (“Omnia” or the “Company”) is pleased to announce that it s management team has arrived on-site, ready to kickstart the exciting phase of boots-on-ground exploration at the Lac des Montagnes Project (“Project”) in the James Bay region, Quebec, Canada. Omnia’s Managing Director, Dr. James Warren, and Exploration Manager, Kane Freeman, are currently on-site completing a reconnaissance trip of the key target areas and are finalising exploration plans with APEX Geoscience, who will execute the aggressive exploration program.

HIGHLIGHTS

• Omnia management have arrived on-site to officially commence boots-on-ground exploration, they will visit all key target areas over the coming week.

• The Management visit coincides with APEX Geoscience commencing the aggressive field program targeting 58 (fifty-eight) pegmatitic granites, including 7 (seven) highly prospective “Spodumene Suite” pegmatitic granites.

• Initially, an 8 (eight) person team of exploration geologists from APEX will complete the extensive mapping and sampling program over the large scale Lac des Montagnes Project.

• The field team of is aiming to collect approximately 2,400 rock chip samples over a month which will be used to delineate targets for follow-up concentrated sampling over the large scale pegmatites, and drill testing.

• The maiden field program marks the beginning of Omnia’s search for the next spodumene discovery in the prolific James Bay Region, Quebec, Canada.

Exploration Program at the Lac Des Montagnes Project

Over the coming week, the dedicated management team will be visiting all key target areas, immersing themselves in the rich potential the region has to offer. Their arrival aligns perfectly with APEX Geoscience's commencement of an aggressive field program, where they will sample 58 (fifty-eight) pegmatitic granites. Among these, 7 (seven) highly prospective large scale "Spodumene Suite" pegmatitic granites which hold immense opportunity (refer OM1 ASX release dated 3 April 2023).

Over the week Omnia’s management team will visit key exploration target areas, finalise exploration plans and officially commence the exploration program with APEX Geoscience. Using a team of 8 (eight) exploration

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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geologists, their mission is to collect approximately 2,400 rock chip samples over the span of a month. These samples will play a crucial role in delineating targets for follow-up concentrated sampling over the large scale pegmatites and drill testing. This maiden field program signifies the start of Omnia's pursuit of the next spodumene discovery in the James Bay Region.

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Figure 1: Aerial view of the Senay 5 target.

Omnia Metals’ Executive Director, James Warren, commented:

“After a great week meeting with key stakeholders, contractors and First Nations people we are excited to have begun our discovery journey at the Lac des Montagnes Project. With the excellent team from APEX, we have just completed our first day exploring the Senay targets and are looking forward to an exciting week where we will have visited all the key sites that will be mapped and sampled in detail over the coming months.”

“What is most exciting is the sheer scale and abundance of opportunities we have to discover a potential lithium deposit within the Lac des Montagnes property, and we will leave no stone unturned in our exploration efforts. This is a potentially game changing period for the Company and we look forward to updating the market with news from our trip and results of the exploration to come.”

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Figure 2: The Senay 8 outcrop.

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Figure 3: The Senay 9 outcrop.

- 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.

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.

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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.

References

BANDYAYERA, B. 2022. Ministry of Energy and Natural Resources (MERN). Lac des Montagnes Group. Quebec Stratigraphic Lexicon. https://gq.mines.gouv.qc.ca/lexique-stratigraphique/province-du-superieur/groupedu-lac-des-montagnes_en

BANDYAYERA, D., CARON-CÔTÉ, E., 2019. Geology of the Montagnes Lake area, La Grande, Nemiscau and Opatica subprovinces, Eeyou Istchee James Bay, Quebec, Canada. MERN; BG 2019-03 , 1 plan.

BELAND, C. 2011. Geochemistry and Geochronology of the Whabouchi Pegmatite Dykes as Revealed Through Zircon. University of Toronto; end of study project, 103 pages.

VALIQUETTE, G. 1963. Geology of the Lac des Montagnes region, Mistassini territory. MNR. RP 500 , 12 pages, 1 plan.

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