Fraser Canyon

The Fraser Canyon Property claims extend 11 kilometers along the Fraser River encompassing a known buried paleochannel that trends south-southeast. Historically, up to 1986, the Canyon Mine (now “South Placer”) and the Tertiary Mine (now “North Placer”) collectively produced 1,482 oz of raw placer gold (892 fineness).

The Fraser Canyon Project is a large group of placer and hard rock claims that parallel the Fraser River 12 kilometers north of and upstream from the city of Quesnel, BC. The claims are located along the known location of a 15.8-kilometer projected length of deeply buried unconsolidated to weakly cemented gold-enriched Miocene fluvial conglomerates of the Fraser Bend Formation. The auriferous conglomerate occupies a buried paleochannel that trends SSE and crosses beneath an easterly-flowing section of the Fraser River called the Fraser Canyon. A 433-meter long section of the paleochannel was explored and partially mined underground at two locations on the north and south sides of the Fraser Canyon called the Tertiary (1907-1917) and Canyon (1986) mines. The two mines collectively produced 1,482 oz of raw placer gold (892 fineness).

Omineca’s plans to re-initiate placer mining at the Fraser Canyon Project using modern technologies and methods which shortens excavation and placer gold recovery time. The Company’s mining partner will be using multiple roadheaders - advanced, self-propelled and extremely powerful rock cutting machines designed to tunnel, excavate and load continuously much quicker than the older drill and blast method. A pre-sorting and gold recovery operation underground is also planned to further expedite processing time and allow for continuous mining and processing all year round.

*The historical placer recovery figures disclosed above are derived from past operator records, government filings and technical reports that pre-date the implementation of NI 43-101.

Qualified Person

All scientific and technical information has been prepared by, or reviewed and approved by Stephen Kocsis, P.Geo. Mr. Kocsis is an independent qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.