Omnia Metals Group Ltd. updated the market with early results of the due diligence that is being completed on the Lac des Montagnes Project. Review of geological data and aerial imagery has highlighted extensive outcrop of the prospective Senay Suite and have been identified as highly prospective for lithium. Omnia's initial focus of its due diligence efforts has been the Senay Property located in the centre of the Lac des Montagnes Project.

The Senay Property area has an abundance (>20) of mapped pegmatites of the Senay Suite which are locally enriched in tourmaline, garnet and muscovite. Five of the mapped pegmatites have been defined by MERN as the "Spodumene Suite" and are considered highly prospective based on geological analogies with adjacent lithium discoveries. Review of geophysical data, aerial imagery and mapping data highlights the Senay 5 prospect outcrops over an area 2.3 km in length and 440 m width.

The Company will target the Senay 5 Prospect and other highly prospective zones with planned mapping and sampling programs to begin following completion of the acquisition. Following systematic testing of the pegmatite granites, any identified mineralisation will be followed up immediately with drill testing. The Company continues to complete a thorough geological review of all available data and will update the market as more information comes to light.

Omnia believes the chance of discovery success in the Lac des Montagnes Project is high for spodumene hosted lithium mineralisation. 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 km2 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 (TSXV: NMX) world class Wabouchi lithium deposit (36.7Mt @ 1.16% Li2O) 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. Omnia reaffirms its commitment to complete the exploration programs on its existing Salt Creek Project and Ord Basin Project, as outlined in the Company's Prospectus dated 20 January 2022.

A 9,000m drilling program is underway at the Salt Creek Project and the Company is continuing to progress towards on-ground exploration at the Ord Basin Project.