On January 9, 2026, Omai Gold Mines Corp. granted incentive stock options to officers, directors, employees and consultants to purchase up to 10,720,000 common shares under its existing stock option plan. The options carry a five-year term, expiring on January 8, 2031, and an exercise price of $1.44 per share. Vesting is structured in three equal tranches: one-third at grant, one-third on January 9, 2027, and the final third on January 9, 2028. This grant represents approximately 4.7% of the current issued share capital, assuming 228 million shares outstanding, and aligns management and technical teams with long-term value creation.

The issuance of 10.72 million options is designed to retain key personnel as the Company progresses toward an updated Preliminary Economic Assessment (PEA) for its Omai Gold Project in Guyana. Investors should note that full exercise of these options would dilute existing shareholders by up to 4.5%. However, by aligning executive and technical teams’ incentives with project milestones—such as the planned PEA in H1 2026 and ongoing resource expansion drilling—the Company aims to enhance project value. The exercise price of $1.44 per share represents a premium to recent trading levels, suggesting that option holders will only participate if the share price advances significantly, thereby preserving value for long-term shareholders.