Close. '78-'79 for sure did. Maybe '80 too. Either way, OP's oil pressure is great.
My recommendation on exhaust is to order the pieces for a GN from Rockauto and let an exhaust shop mate it to the Olds headpipe. It fits in stock location, doesn't hang low, and sounds good without being too loud. Plus the tailpipes come out in the proper Olds neighborhood.
Correct, California bound Olds and Pontacs had Chevy 305's for those years