Mr. Tom MacNeill reports

OMINECA RAISES $1.5 MILLION WITH CLOSING OF RIGHTS OFFERING

Omineca Mining and Metals Ltd. has closed its previously announced rights offering. The company received 17,402,933 subscriptions for units pursuant to the basic subscription privilege and an additional 20,680,447 subscriptions pursuant to the additional subscription privilege. As such, a total of 38,083,380 units were purchased for gross proceeds of $1,523,335. The net proceeds of the offering will be used for the lode gold exploration and drilling program currently under way at the Wingdam project located in the Cariboo mining district of south-central British Columbia and for general corporate purposes.

Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share at a price of seven cents per share until 5 p.m. (Toronto time) on Nov. 26, 2027, subject to early expiry in the event the daily volume-weighted average trading price per common share for any 20 consecutive trading days in which there have been at least 100 common shares traded on the TSX Venture Ecxhange exceeds 10 cents.

Collectively, insiders subscribed for 2,236,666 units pursuant to the basic subscription privilege and 1,083,334 units pursuant to the additional subscription privilege. Following the closing of the offering, Omineca will have 218,167,955 common shares issued and outstanding.

The rights offering remains subject to the final acceptance of the TSX-V.

About Omineca Mining and Metals Ltd.

Omineca Mining's flagship Wingdam gold exploration and placer recovery projects are located along the Barkerville Highway 45 kilometres east of the City of Quesnel. The Wingdam property includes mineral tenures totaling over 61,392 hectares (613 square km) and in excess of 15 linear kilometres of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. Omineca also has an exploration and diamond drill program currently under way exploring for the potential multiple hard-rock sources of the placer gold at Wingdam.

We seek Safe Harbor.