Omineca's Mining Partner PSI Submits Application to Dewater the Fraser Canyon Placer Gold Recovery Project

Saskatoon, Saskatchewan – TheNewswire - July 21, 2026 – Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCQB: OMMSF) ("Omineca" or the "Company") is pleased to report that its mining partner PSI Group (“PSI”) has submitted the application for initial dewatering at the Fraser Canyon underground paleoplacer gold recovery project (the “Fraser Canyon Project”), located 12 kilometers northwest of Quesnel, BC. PSI is currently preparing a Notice of Work (“NOW”) submission inclusive of a long term mine plan and engineered ground support management program. Further updates will be announced as progress is made towards re-initiating underground paleoplacer gold recovery aimed to start later this year. Once all preparation and permitting is in place, PSI plans to re-enter the underground workings and immediately begin mining the unrecovered placer gold bearing material (see Maps #2) remaining between the herring bone patterned historic crosscuts within the paleochannel. PSI and Omineca are also pleased to announce that, following joint consultations and site visits, both the Lhtako and Nazko First Nations have addressed letters of full support for the Fraser Canyon Project to the province of Br

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