Omai Gold Mines – Visual Review and Key Metrics On The Updated PEA For The Wenot and Gilt Deposits — The KE Report

Elaine Ellingham, President and CEO, and Jason Brewster, VP of Operations, for Omai Gold Mines Corp. (TSX.V: OMG) (OTCQB: OMGGF), both join me for a special video presentation and visual review of the updated Preliminary Economic Assessment and an exploration update, from the combined Wenot and Gilt deposits at the Company’s 100%-owned Omai Gold Project in Guyana, South America.

The Omai Gold Property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent, intrusion-hosted Gilt Deposit, with a combined total mineralization in the updated Mineral Resource Estimate (MRE) of ~8 million ounces of gold in all categories.

2,495,000 ounces of gold (Indicated MRE), averaging 2.04 g/t Au in 38.1 Mt and
5,465,000 ounces of gold (Inferred MRE), averaging 1.59 g/t Au in 106.6 Mt

Highlights of Omai Project Preliminary Economic Assessment

6.327 million ounces of gold (“Au”) projected life-of-mine (“LOM”) payable production over 18 years
$4.0 billion after-tax net present value at a 5% discount rate at base case $3,600/oz gold, increasing to $5.5 billion at $4,200/oz gold
24% after-tax internal rate of return at $3,600/oz gold, increasing to 30% at $4,200/oz gold
$1.427 billion initial capital and sustaining and growth capital of $928 million over LOM
4.1 year payback at $3,600/oz gold, decreasing to 3.4 years at $4,200/oz Au
$1,501/oz gold average cash operating costs and all-in sustaining costs (“AISC”)1 of $1,608/oz
$8.093 billion cumulative after-tax cash flows2 over 18 years
351,488 oz Au per year projected average production over LOM, with peak year gold production reaching 435,667 ounces
1.35 g/t Au average head grade and 93% process recovery
5.9:1 average strip ratio for the open pit LOM

This updated PEA, reinforces the potential for Omai to become a very large-scale mining operation with a clear path to bringing significant economic benefits to the people of Guyana.

We also discuss the dual path of the company now, split between ongoing exploration, and all the project derisking being factored into development and the upcoming updated economic study.

If you have any questions for Elaine or Jason regarding Omai Gold Mines, then please email those to me at Shad@kereport.com.

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