Omai Gold Mines appoints Board member Elaine Ellingham as CEO

– CANADA, Toronto –  Omai Gold Mines Corp. (TSX: OMG) today announced the appointment of Elaine Ellingham as President and CEO, effective immediately

She has served as the interim CEO since mid-July and will continue as a member of the Board of Directors.

“I am very pleased with the appointment of Elaine Ellingham to the CEO role. The Board shares my view that Elaine’s impressive combination of technical expertise together with an extensive track record with public mining companies make her the best fit for Omai, to lead the Company as we aggressively explore and develop the resource potential of our Omai gold project in Guyana. Since stepping into the interim role in late July, Elaine has hit the ground running with a focus on quickly assessing the project’s many targets and developing a strategy to create value through both resource development and pursuing potential new deposits.” said Board chair, Renaud Adams.

About Elaine Ellingham

Elaine Ellingham brings more than 35 years of diverse experience in the mining industry, in technical, executive, and board roles. She has held numerous positions with junior and major mining companies, from field geologist to corporate development, and investor relations. Elaine worked for the Toronto Stock Exchange for 8 years in corporate finance and as National Leader, Mining. As a consultant since 2005, she has been a strategic advisor working with numerous international companies and private equity groups. As a director of Richmont Mines, Elaine stepped in as interim CEO, introducing a new chapter for the gold producer, where Renaud Adams (Omai’s Chairman) then led the company as CEO through to the successful near billion-dollar acquisition by Alamos Gold three years later.

“I am very excited and honored to take on this role. The Omai gold project in Guyana is very exciting and unique. I have had the opportunity to spend three weeks on-site over the past few months, as we strengthened the on-site technical team. We have had two drills turning over the past three months and are nearing completion of the first phase of drilling that has been focused on testing the depth extension below the past-producing Wenot pit. This work will support the Company’s first NI 43-101 resource report, that is now underway.“ said CEO, Elaine Ellingham.

She added: “There are indeed few such successful past producing gold properties with remaining historical resources, plus unexplored extensions at depth and along strike of the past-producing deposits, and several attractive under-explored targets. We believe there is great potential to quickly build significant gold resources at very attractive grades and located in a mining-friendly jurisdiction. I look forward to leading the team as we explore and build gold resources on this very prospective property, with a focus on optimizing value for all stakeholders.”

About Omai Gold Mines Corp.

Omai Gold Mines Corp., through its wholly-owned subsidiary Avalon Gold Exploration Inc., holds a 100% interest in the Omai Prospecting License covering 4,590 acres (18.575 sq. km), that includes the past-producing Omai gold mine. Once South America’s largest producing gold mine, Omai produced over 3.8 million ounces of gold between 1993 and 2005. Mining ceased at a time when the average gold price was less than US$400 per ounce, leaving significant drilled resources untapped. The Company’s short-term priorities are to verify and expand the known resources, while advancing exploration on nearby targets, providing a solid opportunity to create significant value for all stakeholders.

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Talent4Boards Team