Omega Pacific Clarifies Size of Previously Announced Private Placement

Executive Summary

• Omega Pacific Resources Ltd. issued a clarification regarding its non-brokered private placement financing announced on March 10, 2026, increasing the gross proceeds from $3,000,000 to $3,700,000.
• The offering structure remains unchanged, consisting of flow-through units and non-flow-through units with specific warrant terms and pricing.
• Proceeds are designated for eligible Canadian exploration expenses related to the Williams Property in British Columbia, as well as general working capital.

Key Details

• Updated Gross Proceeds: Increased to $3,700,000 (previously disclosed as $3,000,000); all other terms remain unchanged.
• Flow-Through Units (FT Units):
  • Quantity: 10,000,000 FT Units.
  • Price: $0.22 per FT Unit.
  • Composition: One flow-through common share and one-half (1/2) of a share purchase warrant.
  • Warrant Terms: Each whole FT Unit Warrant entitles the holder to purchase one non-flow-through common share at $0.33 per share.
  • Warrant Expiry: 18 months from issuance, subject to earlier expiry if the common share closing price exceeds $0.50 for 15 consecutive trading days.
• Non-Flow-Through Units (Units):
  • Quantity: 7,500,000 Units.
  • Price: $0.20 per Unit.
  • Composition: One non-flow-through common share and one-half (1/2) of a share purchase warrant.
  • Warrant Terms: Each whole Unit Warrant entitles the holder to purchase one non-flow-through common share at $0.30 per share.
  • Warrant Expiry: 2 years from issuance, subject to earlier expiry if the common share closing price exceeds $0.50 for 15 consecutive trading days.
• Use of Proceeds:
  • FT Unit proceeds: To incur eligible "Canadian exploration expenses" (flow-through mining expenditures) related to the Williams Property in British Columbia. All qualifying expenditures will be renounced in favor of subscribers effective on or before December 31, 2026.
  • Non-Flow-Through Unit proceeds: For exploration and development of the Williams Property and general working capital.
• Closing Conditions: Subject to customary conditions and no objection from the Canadian Securities Exchange (CSE).
• Hold Period: All securities issued are subject to a hold period of four months and one day.
• Finders' Fees: The Company may pay finders' fees in accordance with CSE policies.