Omineca Signs MOU To Fully Fund Fraser Canyon, The Company's Second Placer Gold Recovery and Exploration Project

Omineca Mining and Metals Ltd. - Saskatoon, SK – TheNewswire - March 9, 2026 (TSXV: OMM) (OTCQB: OMMSF) (“Omineca” or the “Company”) is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with PSI Group (“PSI”). As a strategic partner, PSI will fully fund all costs associated with the exploration, development, engineering, mining, and operating capital and expenses of the Fraser Canyon Project, located 12 kilometers northwest of Quesnel, BC, in return for a 75% share of recovered metals from placer operations, with Omineca retaining a 25% zero-cost carried interest.   The Fraser Canyon Property claims extend 11 kilometers along the Fraser River encompassing a known, buried paleochannel that trends south-southeast. Historically, up to 1986, the Canyon Mine (now “South Placer”) and the Tertiary Mine (now “North Placer”) collectively produced 1,482 oz of raw placer gold (please see “Property” below).