TALCA PROJECT

The Talca property is located 375 kilometers north of Santiago in the IV Region, of northern Chile. The 1,680 hectare property is located 15 kilometers to the west of Ruta 5 along the Chilean Pacific coast line in the Coastal Cordillera.

The Talca property has a historical artisan mining history dating back as much as 60 years. Several well know mines in the district have been mined as far back as colonial times approximately 200 years ago.

The property hosts two gold mines that have been exploited by artisan (non-mechanized) mining. Historic gold production in the district is estimated to be approximately 500,000 ounces. The gold veins on the property are hosted in Paleozoic rocks such as meta-arenite, phyllite, chert and meta-basalts of Devonian-Carboniferous age and interfingering marine and continental sediments of Upper Carboniferous to Permian age. Intrusions of granodiorite to mozodiorite composition and gabbros are locally intruded into these meta-sediments and sediments and have been dated as Triassic-Jurassic age (180-212Ma).

The principal structural control on the property is NNW (320°-350º) trending shear zones and faults structures between 2-4m wide and can be traced from four to eight kilometers along strike. Secondary structural control is ± E/W (260°-285°) striking quartz veins ranging between 1-2m wide. Au has been historically mined on both these structural trends up to depths of over 250m. Grades up to 10-20g/t Au have been reported and visible gold is common. Other historical and currently operating mines in the district have been mined to depths of up to 600m.

Although significant artisan mining has been done over the years at Talca, the project has never been explored with modern technology and practices. OMI commenced an aggressive exploration program in June, 2011. Underground mine topography, geologic mapping and sampling is in progress. A 480 linear kilometer ground magnetics survey has been conducted since then, and surface mapping and geochemical sampling will also begin in the coming weeks. The Corporation hopes to advance the initial exploration quickly in order to plan a first pass exploration drill campaign which will consist of approximately 7,500 meters in fiscal 2012.