Omnia Metals Group Ltd. announced that it has increased its exposure to the future metals sector by entering into an earn-in agreement pursuant to which the Company has the option to acquire up to a 100% interest in 540 km2 of granted claims in the James Bay region, Quebec, Canada. The belt-scale land package is considered highly prospective for lithium, gold and base metal mineralisation as defined by the Ministère des Ressources Naturelles et des Forêts (MERN). The Lac des Montagnes Project: The Lac des Montagnes Project is situated within the rapidly emerging James Bay region, Québec, Canada.

Québec is a highly attractive investment destination for lithium exploration and production due to its supportive resource development sector, access to skilled labour and its proximity to high-growth electric vehicle markets in North America and Europe. Additionally, through its recently announced Critical Minerals Strategy, the Canadian government is committed to becoming the global supplier of choice for sustainably and responsibly sourced critical minerals, such as lithium. The Project is well serviced by key infrastructure and is accessed via the all-weather Route du Nord and a network of roads that service the Hydro-Québec power stations in the region.

The Project is situated within the Eeyou Istchee, a Québec territory governed by the Cree Nations people. The Project consists of 1,030 granted mineral claims covering 540 km 2 of the Lac des Montagnes Belt, an Archean aged greenstone belt situated in Canada's Superior Province. The Lac des Montagnes Belt has long been recognised as a prospective lithium corridor with the presence of spodumene deposits known in the region since the Quebec geological survey completed mapping work in 1962 (Valiquette, 1963).

The Lac des Montagnes Belt is host to Namaska Lithium's world class Wabouchi lithium deposit (36.7Mt @ 1.16% Li 2O) which is located 38 km along strike from the Project. Recently, MERN released a new 1:50,000 scale geological map of the Lac des Montagnes region which has defined several new stratigraphic units and sub-units and led to significantly enhanced understanding of the economic geology of the belt (Bandyayera, 2022). Prospectivity analysis, for a variety of commodities was completed as part of the process with prospective areas for lithium, gold and base metal mineralisation identified.

The Company continues to complete a thorough internal geological review of all available data and believes the chance of discovery success in the Lac des Montagnes Project is high for spodumene hosted lithium mineralisation, specifically, as well as gold and base metal mineralisation. Omnia plans to focus initial exploration efforts on the lithium potential of the Project, with the maiden exploration program to focus on mapping and sampling identified pegmatite granites to test for the existence of potential lithium mineralisation. Following systematic testing of the pegmatite granites, any identified mineralisation will be followed up with drill testing in due course.

Omnia aims to become a leading explorer for future-facing commodities considered essential to the global energy transition and believes this belt scale exploration opportunity will complement its current belt-scale Ni-Cu exploration assets. The Company has entered into a binding agreement (Earn-In Agreement) with 9219-8845 Qc. Inc. (dba Canadian Mining House), Anna Giglio and Steve Labranche pursuant to which the Company may acquire up to an 100% interest in the Lac des Montagnes Lithium Project (Lac des Montagnes Project) in five earn-in stages.

The Earn-In Agreement is subject to a 60-day option period during which time the Company is entitled to undertake due diligence investigations and enquiries on the Lac des Montagnes Project and elect to exercise its option in accordance with the Earn-In Agreement.