Omai Gold Mines (TSXV:OMG) Announces Additional Positive Assay Results from Omai Gold Project

Toronto, Ontario — February 17, 2026 — Leads & Copy — Omai Gold Mines Corp. has announced assay results from five additional drill holes from the 2025 drilling program at its Omai Gold Project in Guyana.

The company intersected multiple zones of gold mineralization in each of the holes. Central Wenot Hole 25ODD-152W intersected 12.34 g/t Au over 17.5m, and Hole 250DD-154 intersected 3.09 g/t Au over 24.6m. According to Omai Gold, these will be included in the upcoming Mineral Resource Estimate. Additional assays are expected shortly.

Highlights from the recent drilling include:

Hole 25ODD-152W:

  • 12.34 g/t Au over 17.5m, including 138.18 over 1.3m
  • 2.29 g/t Au over 12.6m, including 7.73 g/t Au over 2.2m
  • 2.34 g/t Au over 10.6m
  • 5.23 g/t Au over 5.1m, including 13.28 g/t Au over 1.5m

Hole 25ODD-153:

  • 2.13 g/t Au over 8.5m

Hole 25ODD-154:

  • 3.50 g/t Au over 13.4m
  • 3.09 g/t Au over 24.6m, including 19.54 g/t Au over 1.1m and 4.02 g/t Au over 9.0m

Elaine Ellingham, President & CEO, stated the assay results demonstrate the size and potential of the gold system at the Omai project. Additional drill results are expected in the short term as the company moves to complete the Mineral Resource Estimate in Q1, to be followed by the updated Preliminary Economic Assessment (“PEA”) in Q2.

According to Ellingham, Wenot has proven to be a large gold deposit and is already sufficiently large to advance towards development, but the company is confident that the overall gold resources will continue to increase. Ellingham added that at Wenot, the company has not yet reached the limits to the gold mineralization, along strike, at depth, or even along the flanks, despite continued step out drilling.

Omai Gold is also confident that the Gilt Creek deposit holds excellent potential for expansion, but certain drilling would be far more efficient once underground development is underway. Although the company has commenced drilling at Wenot to upgrade the large Inferred resources to Indicated, they will continue to step out to pursue the limits of the deposit as well as exploring nearby targets on what can certainly be considered a Gold Camp.

Regarding Central Wenot Drilling, Hole 25ODD-149W2 intersected multiple gold zones including 2.29 g/t Au over 19.7m and 1.58 g/t Au over 42m (News Release dated January 15, 2026). Hole 149W2 started in the southern sedimentary sequence and intersected two mineralized zones, 0.42 g/t Au over 6.0m and 1.99 g/t Au over 4.50m. The Central Quartz Felspar Porphyry Dike (CQFP) was then intersected, together with an adjacent diorite dike, which hosts two mineralized zones assaying 0.50 g/t Au over 4.5m and 0.57 g/t Au over 5.3m. Further downhole, three mineralized zones were intersected within the Dike Corridor, the best being 0.61 g/t Au over 6.0m.

Hole 25ODD-152W, a wedge from Hole 25ODD-152, was drilled from the south side of Wenot. No significant gold mineralization was intersected within the sedimentary sequence. Within the CQFP and adjacent diorite dike, a 12.60m wide zone assayed 2.29 g/t Au. Further downhole, several mineralized zones were intersected within the Dike Corridor, including 2.34 g/t Au over 10.6m, and high-grade intervals, including 5.23 g/t Au over 5.1m, and 12.34 g/t Au over 17.5m.

Hole 25ODD-153 was drilled from the north, on section Line 305130E, located in the Central Wenot area. The hole first intersected a 2.4m interval containing 1.95 g/t Au within the northern Volcanics. It then intersected multiple gold mineralized zones within the Dike Corridor, including 0.74 g/t Au over 7.5m, 2.13 g/t Au over 8.5m and 0.75 g/t Au over 4.5m. In the Central Wenot Contact area, two mineralized zones were intersected containing 1.02 g/t Au over 9.0m and 5.53 g/t Au over 1.1m. No significant mineralization was intersected further downhole within the sediments.

Hole 25ODD-154 was drilled from the south side of Wenot Deposit. A southern QFP regularly occurs approximately 125m south of the contact, where it intruded the sedimentary sequence. This QFP was intersected from 297m to 300.6m, assaying 2.91 g/t Au over 3.6m. Within the sedimentary sequence, two zones were intersected, assaying 7.57 g/t Au over 1.1m and 8.26 g/t Au over 1.5m. These are associated with quartz and ankerite veins cutting across the bedding with pyrite and visible gold. An interval of 3.50 g/t Au over 13.4m was encountered after the protomylonite and into the CQFP. Mineralization was then intersected in a felsic dike within the Dike Corridor containing quartz veins, multiple occurrences of visible gold and up to 3% sulphides; the gold intersection returned 3.09 g/t Au over 24.6m, which included shorter higher-grade intervals of 19.54 g/t Au over 1.1m and 4.02 g/t Au over 9.0m.

Regarding East Wenot, Hole 25ODD-155 was drilled at the east end of the Wenot Deposit, 59m northeast of Hole 25ODD-142, which intersected a new zone grading 11.07 g/t Au over 14.7m at a vertical depth of approximately -220m (News Release dated December 8, 2025). Hole 155 was to follow up on the high grade zone, but was collared further north due to a topographic restriction and as a result did not intersect the zone. However, multiple narrow zones of gold mineralization were intersected within the Dike Corridor, including 0.82 g/t Au over 3.9m, 2.83 g/t Au over 2.5m and 4.48 g/t Au over 1.5m. An additional hole, 25ODD-160, was drilled on a section line 108m to the west, aiming to better define the orientation of the “142” high grade zone. Further drilling in this area awaits the assays and interpretation of hole 160. Hole 160 was drilled to the north versus hole 142 which was drilled to the south. Multiple very shallow gold zones in historical drill holes remain underexplored at the east end of Wenot and a series of holes are planned. There are indications that the main contact that hosts the CQFP may dip to the south at this end, compared with the typical vertical to steeply north dip that dominates most of the Wenot deposit. Additional drilling will proceed in this area shortly.

Source: Omai Gold Mines Corp.

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