(via TheNewswire)

Vancouver, British Columbia – TheNewswire - October 26, 2026 – Opawica Explorations Inc. (the “Company” or “Opawica”) (TSXV: OPW) (OTCQB: OPWEF), announces a non-brokered private placement of up to $2,950,000 through the issuance of a combination of flow through common shares (the “FT Shares”) at a price of $0.17 per FT Share and non-flow through units (the “NFT Units”) at a price of $0.0.15 per NFT Unit (the “Offering”).

Each NFT Unit will be comprised of one common share and one-half of one common share purchase warrant (a “NFT Warrant”). Each whole NFT Warrant is exercisable to purchase one common share at a price of $0.30 per share for a period of two years from the date of the close of the Offering. If, at any time after four months and one day following the closing date of the Offering, the closing price of the Company’s common shares on the TSX Venture Exchange (the “TSXV”) is equal to or greater than $0.40 per share for 10 consecutive trading days, the Company may, by notice to the holders of the NFT Warrants (which notice may be given by way of a general news release), accelerate the expiry date of the NFT Warrants to a date that is not less than 30 days following the date of such notice.

The Company intends to pay finders fees in accordance with the policies of the TSXV. The Offering is subject to approval by the TSXV and all securities are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

Proceeds raised from the issuance of the FT Units will be used by Opawica to incur Canadian Exploration Expenses on its Canadian gold and critical mineral properties and will be used as deemed appropriate for qualifying expenses for the critical mineral tax credit (CMETC). Proceeds raised from the issuance of the NFT Units will be used for general working capital.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.  Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.  “United States” and “U.S. person” have the respective meanings assigned in Regulation S under the U.S Securities Act.

Investor Awareness Agreement

Opawica announces that the Company has entered into an Investor Awareness Agreement with Market Equities Limited (“MEL”) dated October 26, 2026 (the “Agreement”) whereby the services to be provided by MEL will include branding services, communications, advisory and general consulting services.

The consulting services to be provided by MEL shall include, but are not limited to, SEO, digital media campaigns for branding, Media Consulting, General Business Development, Multimedia services and Project Management. MEL will also write and distribute weekly ticker tag articles highlighting the company in sector based analysis, as well as news-based tags when the company has a new event as outlined in the Agreement for a fee of $50,000 USD for a term of 2 month upon acceptance by the TSXV. The Agreement may be renewed by the Company and MEL at the end of the initial term.

MEL and the Company are not related parties and operate at arm’s length. Neither MEL nor its principals have any interest in the Company’s securities, directly or indirectly, or any right or intent to acquire such an interest.

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec. The Company’s management has a great track 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.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 236-878-4938

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.

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