Mr. Blake Morgan reports

OPAWICA EXPLORATIONS INC ANNOUNCES THE CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Opawica Explorations Inc. has closed the recently announced private placement (announced March 15, 2025) of 1,385,000 units for total aggregate proceeds of $277,000, with each unit consisting of one common share of the company and one common share purchase warrant, at a price of 20 cents per unit.

Each purchase warrant is exercisable into one common share at an exercise price of 30 cents per share at any time up to 24 months following the closing date. The company also maintains a warrant acceleration option allowing Opawica to accelerate the expiry date of the warrants if the daily trading price of the common shares on the TSX Venture Exchange is greater than 42 cents per common share for the preceding 10 consecutive trading days. All securities issued under the offering and including warrants are subject to a hold period until Aug. 4, 2025.

The company intends to use a portion of the net proceeds to advance drilling obligations on its flagship properties and administrative obligations at the gold properties in the Abitibi gold belt, general working capital purposes, and marketing awareness initiatives. The company paid a finder's fee to Ventum Financial Corp. for the total of $2,400 in cash and 12,000 broker warrants valid for two years.

The private placement remains subject to receipt of all required approvals, including the final approval of the TSX-V, as well as execution of formal documentation.

About Opawica Explorations Inc.

Opawica Explorations is a junior Canadian exploration company with a strong portfolio of precious metal and base metal properties within the Rouyn-Noranda region of the Abitibi gold belt in Quebec. The company's management has a great record in discovering and developing successful exploration projects. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.

We seek Safe Harbor.