O3 MINING INC - OIIIF STOCK NEWS

O3 Mining Inc. (TSXV: OIII; OTCQX: OIIIF) announced it has become the first exploration company to achieve UL 2723 ECOLOGO® Certification, confirming adherence to rigorous environmental, social, and governance practices. This certification, awarded after a third-party field audit, validates O3 Mining's commitment to sustainability and responsible project development. CEO Jose Vizquerra expressed pride in the milestone, highlighting its significance for stakeholders as the company aims to transition into a gold producer by 2026. O3 Mining maintains 100% ownership of its properties across 66,000 hectares in Quebec.

O3 Mining Inc. (OTCQX: OIIIF) has announced initial results from its 10,500-metre drilling campaign at the Hygrade Fold area, Val-d'Or, Quebec. Noteworthy intercepts include 5.7 g/t Au over 7.6 metres and 20.5 g/t Au over 2.2 metres, indicating significant exploration potential. The region contains historical mines with over 40,000 oz Au produced. A recent pre-feasibility study indicated a robust project, with an NPV of C$463M and an IRR of 23.2%. Further exploration is planned for winter 2023.

O3 Mining has completed a Pre-Feasibility Study (PFS) for its Marban Engineering gold project in Quebec, revealing a robust post-tax net present value (NPV) of C$463 million and an internal rate of return (IRR) of 23.2%. The annual average gold production is projected to be 161,000 ounces, a 40% increase from previous assessments. Initial capital costs are estimated at C$435 million, with an all-in-sustaining cost (AISC) of US$882 per ounce. The project is well-positioned to advance to feasibility studies in 2023 while benefiting from renewable energy sources in the area.

O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC). This DTC eligibility aims to enhance liquidity in the U.S. market by simplifying trading processes and reducing costs for investors and brokers. Additionally, O3 Mining has entered into a six-month trading services agreement with Generation IACP Inc., which will provide investor relations and market-making services for a fee of $7,500 per month, subject to annual increases.

O3 Mining Inc. (OTCQX: OIIIF) has appointed Elijah Tyshynski as its new Chief Financial Officer, effective September 1, 2022. He replaces Blair Zaritsky, who remains as an advisor. Tyshynski has extensive experience, including roles at Osisko and Morgan Stanley, and is expected to help further O3 Mining's objectives. The company, which focuses on gold exploration in Québec, is well-capitalized with 66,000 hectares of properties and aims to deliver superior returns to shareholders.

O3 Mining (TSXV: OIII, OTCQX: OIIIF) has updated its 40,000-meter drilling program at the Marban Project in Val-d'Or, Quebec. Recent drilling highlights include 2.3 g/t Au over 14.8 meters and 1.4 g/t Au over 16.4 meters. The corporation confirms significant potential in the Norlartic Extension, a promising area covering 1.8 kilometers with multiple stacked zones. The ongoing exploration aims to expand near-surface resources and improve project economics. Additionally, summer exploration has begun in the Marban Regional area, targeting historically underexplored regions.

O3 Mining (TSXV: OIII, OTCQX: OIIIF) announced significant drilling results from its Camflo Extension deposit in Val-d'Or, Quebec. The drilling campaign, spanning 6,338 metres, yielded remarkable results, notably 1.1 g/t Au over 94.3 metres and 13.8 g/t Au over 1.1 metres. Historical data indicates that the Camflo deposit produced 1.89 million ounces of gold from 1962 to 1992. The company aims to further explore and develop this mineralized area while balancing financial resources to maximize shareholder returns.

O3 Mining Inc. held its annual and special meeting on June 23, 2022, with 45,072,231 common shares represented, approximately 65.8% of the total outstanding shares. All proposed matters were approved, including:

• Election of all management nominees to the board
• Appointment of PricewaterhouseCoopers LLP as auditors
• Approval of the amended Stock Option Plan, Employee Share Purchase Plan, RSU Plan, and DSU Plan

O3 Mining, part of the Osisko Group, focuses on gold exploration and development in Québec, Canada.

O3 Mining Inc. (TSXV: OIII, OTCQX: OIIIF) provided a progress update on the Marban Engineering Project Pre-Feasibility Study (PFS) as of June 7, 2022. Key highlights include a 50% increase in mill throughput estimates from 4 Mt to 6 Mt per year, completion of geotechnical and metallurgical testing, and ongoing environmental baseline studies. The company is on track to complete the PFS by Q3 2022 and aims for production by 2026. This year, 18,000 metres have been drilled with an additional 40,000 metres planned, focusing on infill and expansion drilling.