OMNIA METALS GROUP LTD — Capital/Financing Update 2024

Sep 30, 2024

ASX: OM1

ASX RELEASE I 1 OCTOBER 2024

EXPLORATION TO COMMENCE AT ORD BASIN PROJECT

.

HIGHLIGHTS

• Sampling work at Ord Basin Project in northern Western Australia to commence

• Two high-priority zones identified for boots-on-the-ground exploration

• PoW approved to drill test new gold and copper targets identified at Salt Creek Project in Goldfields, Western Australia

• Planning for multiple exploration programs well advanced as Omnia advances assets across its portfolio

Omnia Metals Group Ltd (“Omnia” or the “Company”) is pleased to provide an update on exploration activities across the Company’s projects in Western Australia.

OMNIA METALS EXECUTIVE DIRECTOR JAMES WARREN SAID:

“We’ve maintained a disciplined approach to advancing exploration across our portfolio and specifically on our gold, copper, gold and nickel assets in Western Australia.

“We continue to engage constructively with Traditional Owners regarding our Ord Basin Project, where regulatory approval has been secured to commence on-ground activities, including auger drilling. After a protracted wait, we look forward to mobilising and commencing work in just over a weeks’ time.

“Similarly, we are progressing statutory approvals for a targeted drilling campaign at our Salt Creek Project in the Goldfields, where recent exploration has delineated highly prospective gold and copper anomalies.

“Our technical teams are advancing these exploration programs in parallel with ongoing efforts to satisfy ASX requirements to reinstate our securities and resume trading.

"I would like to express my gratitude to shareholders for their continued support and patience as we focus on positioning the Company to discover and develop the critical minerals that are essential to the global energy transition.

"We look forward to providing further updates as we progress our engagement with the ASX and execute on our exploration strategy across our diverse portfolio.”

ASX: OM1

EXPLORATION UPDATE

Ord Basin Project – East Kimberley, Western Australia

Omnia has finalised plans to commence on-ground exploration and will be mobilising to site on the 8[th] October 2024. Auger sampling will be monitored by representatives of the Purnululu people, and the Company is excited to begin the next phase of collaboration with the Traditional Owners of the land on which the Ord Basin Project is located.

Exploration will initially focus on two key areas (Figure 1) targeting different styles of mineralisation 1) Copper-Nickel Sulphide mineralisation, and 2) Carbonatite/Kimberlite related mineralisation (i.e., Rare Earth Elements or Diamonds).

==> picture [383 x 382] intentionally omitted <==

Figure 1: Exploration Target Areas. Geology over greyscale TMI Magnetics

ASX: OM1

The northern exploration area (Area 1) is centred around a discrete, late-time conductor identified from aerial VTEM surveys (refer OM1 ASX Release 25 July 2023). Southern Geoscience Consultants completed VTEM data processing and interpretation and identified the anomaly as a high priority for follow up work, as the anomaly may be indicative of conductive mineralisation at depth. The auger program will aid in determining the mineralisation potential of the target area by assessing if geochemical anomalism exists at surface.

The southern exploration area (Area 2) is centred around a pipe-like intrusive body with magnetic and radiometric data highlighting the area as a potential carbonatite or kimberlite body (Figure 2). Owing to the enrichment of radioelements including potassium, thorium and uranium in carbonatites and kimberlites, radiometrics is a powerful tool for identifying and targeting these intrusive bodies and associated mineralisation.

==> picture [510 x 172] intentionally omitted <==

Figure 2: Radiometric responses over the exploration target areas.

Previous reconnaissance field work returned highly encouraging results, including samples containing 10.3% copper and 29 g/t gold, and 10.1% copper and 26 g/t gold (refer ASX release dated 20 March 2022)

Salt Creek Project – Goldfields, Western Australia

Following geophysical survey acquisition, review of geochemical, gravity and magnetics datasets, and geophysical modelling and interpretation by SGC, Omnia identified prospective gold and copper targets at the Salt Creek Project (Figure 3) (refer OM1 ASX Release 26 July 2024).

Omnia has since received PoW approval to complete up to 5,000m of RC drilling and is in consultation with the Upurli Upurli Native Title Group (“ UUNAC ”) to complete the prerequisite Heritage Surveys. The UUNAC are currently reviewing Omnia’s Heritage Impact Notice (“ HIN ”) with the Company expecting a response in the coming weeks.

ASX: OM1

==> picture [497 x 387] intentionally omitted <==

Figure 3: Historical auger assays showing gold and copper anomalies at E28/3149 in the Goldfields.

- ENDS -

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

For further information please contact:

INVESTORS

MEDIA

James Warren Josh Nyman EXECUTIVE DIRECTOR GENERAL MANAGER - SPOKE E. james@omniametals.com.au E. josh@hellospoke.com.au M. +61 413 243 440

ASX: OM1

ABOUT OMNIA METALS GROUP

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.

The Company entered an Earn-In Agreement (“Agreement”) to acquire up to 100% interest in the Lac des Montagnes Project, which contains 601km[2] of granted claims considered highly prospective for lithium mineralisation as defined by the Ministère des Ressources Naturelles et des Forêts (MERN).

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 Ltd, 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.

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 Executive 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.