Omega Pacific Resources Inc. announced that it has entered into a definitive option agreement, dated February 29, 2024, with Copaur Minerals Inc. to acquire up to 100% undivided interest in its Williams Copper-Gold Project located in the Toodoggone region of north-central British Columbia. The Option: A total of CAD 3 million in exploration expenditures must be incurred in year one and the payment of CAD 1 million in cash and 3 million shares to CopAur upon CSE approval of the option in order for Omega to earn a 51% interest. Omega will have a second option to acquire an additional 29% (for a total of 80%) by completing another $3 million in exploration expenditures in the second year and the payment of CAD 500,000 in cash and 2 million shares to CopAur.

If Omega exercises the second option it will have a third option to acquire the remaining 20% by paying an additional amount to CopAur equal to the fair market value of the remaining 20% as determined by an independent valuator which Omega may satisfy by the payment of cash or the issuance of additional shares of Omega on or before the third year anniversary of the option agreement. In the event that Omega does not exercise the second option, to acquire the additional 29%, Omega shall relinquish and transfer back to CopAur a 1.01% interest in the Williams Property so that CopAur will hold a 51% interest and Omega will hold a 49% interest and the parties will form a joint venture. If Omega exercises the second option but does not exercise the third option to acquire a 100% interest, the parties will be deemed to form a joint venture to continue to advance the Williams Property.

The Property: The Williams property is comprised of mining claims totaling 9,731 hectare consolidated land package with substantial gold and copper discovery potential and hosts two large exploration targets, the T-Bill prospect which is prospective for mesothermal style gold mineralization, and the GIC porphyry prospect which is prospective for porphyry copper-gold-molybdenum style mineralization. Soil geochemical sampling and targeted drilling have recently been completed, which showed strong mineralization both at surface and at depth. The property is situated halfway between the Red Chris and Kemess North mines, and on trend with the approximately 3-million-ounce Lawyers Gold-silver deposit.