Subject: OMGA - News Release
Word Document
File: '\\swfile\EmailIn\20240429 204704 Attachment 2024-04-29 NR Williams Property Option Agreement DRAFT v1.0.docx'
OMEGA PACIFIC COMPLETES OPTION PAYMENT FOR WILLIAMS PROPERTY
Vancouver, British Columbia, April 25, 2024 - Omega Pacific Resources Inc. ("Omega" or the "Company") (CSE: OMGA) is pleased to announce the Company has completed the first phase of payments to earn up to a 100% interest in the Williams Copper-Gold Project (the "Property").
As reported in a news release dated March 1, 2024, the Company entered into a definitive option agreement (the "Agreement") to acquire up to a 100% interest in the Property. In accordance with the Agreement, the Company has made the first cash payment of $1,000,000 and 3,000,000 shares to Copaur Minerals Inc. (the "Optionor"). In addition to these payments, the Company must also incur exploration expenditures totaling $3,000,000 to earn a 51% interest in the Property. Omega is currently planning an exploration program for the Williams Project during the 2024 exploration season and will report on details of the program once finalized.
About Omega Pacific
Omega Pacific is a mineral exploration company focused on the development of mineral projects containing base and precious metals. The Company recently acquired an option to earn a 100% interest in the Williams Property, located in the Toodoggone region of the Golden Horseshoe. The Golden Horseshoe is a prolific and proven area of British Columbia known to host many gold, copper and silver deposits. The Company also holds an option on the Lekcin Property, located 120 km east of Vancouver, BC.
For further information, please contact:
Jason Leikam, CEO & Director
Phone: +1 (778) 650-4255
Email: jason@omegapacific.ca
Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under the provisions of Canadian securities laws including statements about the Company's plans. Such statements are necessarily based upon a number of beliefs, assumptions, and opinions of management on the date the statements are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change, except as required by law.
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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