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TSXV:OIII | OTCQX:OIIIF – O3 Mining

TORONTO, Oct. 4, 2024 – O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (“O3 Mining” or the “Corporation“) announces that, effective September 30, 2024, it granted certain directors of the Corporation deferred share units of the Corporation (“DSUs”) in satisfaction of certain director fees that have been settled in DSUs in lieu of cash for the third quarter of 2024. These directors have the option to choose, at any time, to receive all or a portion of their director fees in the form of cash or DSUs. Any fees settled in DSUs are done so on a quarterly basis.

For the third quarter of 2024, a total of 8,177 DSUs were issued to certain directors, effective September 30, 2024, to settle director fees in DSUs instead of cash. The issuance was based on the Corporation’s prevailing market price of $1.07 per common share.

The DSUs will vest according to the Corporation’s deferred share unit plan. A copy of this plan is available on SEDAR+ () under O3 Mining’s issuer profile (see management information circular of O3 Mining dated as of May 11, 2022).

About O3 Mining Inc.

O3 Mining Inc. is a gold explorer and mine developer on the path to production from its highly prospective gold camps in Québec, Canada. O3 Mining benefits from the support and expertise of a team of industry leaders as it grows towards becoming 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 (107,000 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 .

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.

SOURCE O3 Mining Inc.