O3 Mining Files Technical Report for First Maiden Mineral Resource at Bulldog and Kappa

Rhea-AI Summary

O3 Mining (TSXV: OIII, OTCQX: OIIIF) has filed a technical report under National Instrument 43-101 detailing the maiden mineral resource estimate for its Bulldog and Kappa deposits at Alpha. The report is dated November 10, 2022 and shows no material differences from prior announcements. This report highlights O3 Mining's commitment to developing its properties in Québec, where it holds a 100% interest in 66,000 hectares. The company aims to leverage its strong financial position and expert backing from the Osisko Group as it progresses towards gold production.

Positive

• Filed a comprehensive technical report detailing maiden mineral resources.
• No material differences noted from previous announcements.
• 100% ownership of 66,000 hectares in Québec provides significant asset base.
• Backed by the expertise and resources of the Osisko Group.

Negative

• None.

TSXV:OIII | OTCQX:OIIIF - O3 Mining

TORONTO, Dec. 23, 2022 /PRNewswire/ - O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to announce that it has filed a technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects for the first maiden mineral resource estimate on its 100% owned Bulldog and Kappa deposits at Alpha. The technical report entitled "NI 43-101 Technical Report for the Alpha Property, Québec, Canada" with an effective date of November 10, 2022, has been prepared for O3 Mining by G Mining Services. The technical report is available on SEDAR (www.sedar.com) under O3 Mining's issuer profile.

O3 Mining's news release dated November 10, 2022 (entitled "O3 Mining Delivers First Maiden Mineral Resource Estimate for Bulldog and Kappa at Alpha") summarizes key results, assumptions and estimates contained in the report. The Corporation is pleased to report there are no material differences between the key results, assumptions and estimates contained in the news release dated November 10, 2022, and the content of the technical report filed today.

About O3 Mining Inc.

O3 Mining Inc., an Osisko Group company, is a gold explorer and mine developer on the road to produce from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support, previous mine-building success, and expertise of the Osisko team as it grows towards being a gold producer with several multi-million-ounce deposits in Québec.

O3 Mining is well-capitalized and owns a 100% interest in all its properties (66,000 hectares) in Québec. O3 Mining trades on the TSX Venture Exchange (TSXV: OIII) and OTC Markets (OTCQX: OIIIF). The Corporation is focused on delivering superior returns to its shareholders and long-term benefits to its stakeholders. Further information can be found on our website at https://o3mining.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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SOURCE O3 Mining Inc.

FAQ

What is the significance of the technical report filed by O3 Mining on December 23, 2022?

The technical report provides the maiden mineral resource estimate for the Bulldog and Kappa deposits, crucial for the company's future mining plans.

When was the effective date of the technical report for O3 Mining's Bulldog and Kappa deposits?

The effective date of the technical report is November 10, 2022.

Where can I find the technical report filed by O3 Mining?

The technical report is available on SEDAR under O3 Mining's issuer profile.

What does the technical report reveal about the Bulldog and Kappa deposits?

The technical report reveals the maiden mineral resource estimate, confirming prior results without material changes.

How does O3 Mining's ownership structure benefit its operations?

O3 Mining owns 100% of its properties, which enhances control over its assets and development strategies.