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2006-0501-Notice of Dividend -OMG Minerals Inc.

May 10, 2006

OMG Mineral Exploration Inc. ("OMG") has announced that prior to completing the acquisition of Gold Reef of Nevada, the Company will transfer, on a tax free roll-over basis, all of its interest in its existing optioned mining claims in Tudhope and Bryce Townships in the Larder Lake Mining Division, Ontario and $100,000 to a subsidiary to be named Gold Bay Exploration Inc. All of the shares of Gold Bay will be distributed pro rata as a return of paid up capital to the shareholders of record of the Company as at May 15, 2006.

OMGM will begin trading ex-dividend Thursday, May 11, 2006.

Symbol: OMGM
Ex-dividend Date: Thursday, May 11, 2006
Record Date: Monday, May 15, 2006

If you have any questions or require further information please contact Radhika Joseph at (416) 572-2000 X 2435 or



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