New Risk • Mar 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.3m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.54m market cap, or US$2.59m). New Risk • Jan 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.0m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 2.7% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.34m market cap, or US$2.42m). New Risk • Aug 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.0m free cash flow). Earnings have declined by 6.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.74m market cap, or US$2.71m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.51m market cap, or US$4.04m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Apr 18
Opawica Explorations Inc. Provides an Update on Its 2025 Exploration Campaign At the Bazooka Property in the Abitibi Gold Belt Opawica Explorations Inc. provided an update on its 2025 exploration campaign at the Bazooka Property ("Bazooka"). Drill hole OP-25-35, with a total depth of 303 metres, intersected a significant 60-metre mineralized zone between 190 m and 250 m. Within this broader interval, a 12-metre section (from 189.8 m to 202.5 m) exhibited strong silicification and sericitization with visible arsenopyrite, with an XRF reading at 196 m of 66 g/t Au. This is followed by a 30.4-metre intermediate zone (202.5 m to 232.9 m) with lower levels of mineralization, followed by a deeper and well mineralized zone (232.9 m to 241.2 m) containing approximately 2% arsenopyrite, with a XRF reading of 234 ppm Au at 249 m. Between 189.80 m and 202.20 m, the drill hole encountered a yellowish-grey-green rock unit that is intensely silicified and sericitized, with abundant quartz veins and veinlets throughout. A higher concentration of arsenopyrite is observed between 195 m and 196.50 m. An XRF point reading taken at 196 m returned values of 8,514 ppm As, 66 ppm Au, 49 ppm Ni, and 139 ppm Cr. At 202.20 m -205.50 m is a sericitized sheared Yellowish-green grey rock sericitized shear of veins. The XRF point reading at XRF 204 m: As 47 ppm, Ni 1050 ppm, and Cr 970. Between 205.50 m and 250 m, the drill hole intersected a fine-grained, greenish-grey rock, possibly containing traces of fuchsite, with an elevated presence of fine arsenopyrite and pyrite mineralization stronger from 235.5 m (2-3%). moderate silicification is observed throughout the interval, becoming more concentrated from 242 m onward, accompanied by the appearance of small grey quartz veins. The XRF point readings at these various depths are as follows: 219 m: As 398 ppm, Au 10ppm, Ni 797 ppm, and Cr 1986: 234 m: As 872: ppm Au 9 ppm, Ni 792 ppm, and Cr 3424 ppm. 243 m: As 792 ppm Au 13 ppm: Ni 650 ppm and Cr 1084 ppm. 249 m: As 2.3%, Au 234 ppm: Ni 4129 ppm and Cr 7970 ppm - (234 g/t Au) 1 Part per million (ppm) = 1 Gram/ton (g/ton) X-ray fluorescence (XRF) is a non-destructive analytical technique used to determine the elemental composition of materials such as drill cores. XRF analyzers determine the chemistry of a sample by measuring the fluorescent (or secondary) X-ray emitted from a sample when it is excited by a primary X-ray source. note the results only provide an indication of the amount of minerals present. Certified assaying of the core samples is required to accurately determine the amount of base metal and precious metal mineralization. Assay core samples are being analysed at ALS Chemex lab of Rouyn-Noranda, 165 Rue Jacques-Bibeau, Quebec (an ISO/IEC 17025:2005 accredited facility). The sampling program is undertaken by Company personnel under the direction of Mr. Yvan Bussieres, P.Eng., A secure chain of custody is maintained in transporting and storing of all samples. The rock samples will undergo fire assays, 1E3 - Aqua Regia - ICPOES and select samples underwent gravimetries. Samples of mineralization were taken at 0.5-to-1.5-meter intervals, with sample intervals being adjusted to respect lithological and/or mineralogical contacts and isolate narrow veins or other structures that may yield higher grades. Announcement • Apr 16
Opawica Explorations Inc. Intersects Visible Gold At Its Bazooka Property in the Abitibi Gold Belt Opawica Explorations Inc. provided an update on its 2025 exploration campaign at the Bazooka Property ('Bazooka'). Opawica has intersected a broad 76-meter mineralized zone, starting at a depth of 285 meters and extending to 361 meters, at the contact with a graphitic horizon. The interval includes visible gold, with consistent occurrences of arsenopyrite, fuchsite, and quartz veining throughout. Visible gold was observed in drill hole OP-25-33 at a depth of 348.5 metres. The Company has completed ten diamond drill holes for a total of 2,000 meters of drilling and submitted 610 core samples for assays. Of the ten drill holes completed, team successfully intersected the Cadillac-Larder Fault multiple times, revealing promising mineralization that enhances understanding of local mineralization patterns. The Cadillac-Larder Lake fault is a major structural element in the Abitibi Greenstone Belt, known for its rich and its historical significance in mining. The Bazooka property occurs along one of the most prolific auriferous structures in the world, the Cadillac-Larder Lake break/fault. The Cadillac-Larders Lake break/fault, in part, marks the boundary between the Archean Abitibi subprovince in the north and the predominantly metasedimentary Pontiac subprovince south of the fault. Gold mineralization on the property is hosted within the Main Zone, a mixed sequence of strongly altered quartz-carbonate-sericite and talc-chlorite schists derived from sedimentary and ultramafic to mafic volcanic protoliths, with an estimated true width of up to 60 metres. The break/fault zone lies at the base and is marked by a strongly graphitic fault with an estimated true width ofup to two metres. The graphitic fault generally marks the contact between the sedimentary and ultramafIC metavolcanic rocks. Structures and hydrothermal pathways were interpreted using the co-occurrence of selected exploration criteria in drill hole data. Interpreted prospective panels trend generally east-west with a steep dip to the north. They are constrained within the northern and southern borders of the Cadillac shear zone, a 150-metre-wide corridor of highly carbonate-chlorite-talc altered and schistosed ultramafic units, which form a Z- shape asymmetric drag fold in the area of the Bazooka historic mine. Announcement • Apr 04
Opawica Explorations Inc. announced that it has received CAD 0.277 million in funding Opawica Explorations Inc. has closed the transaction of oversubscribed private placement transaction. The company issued 1,385,000 units at a price of CAD 0.20 per unit for total aggregate proceeds of CAD 277,000 on April 3, 2025. Announcement • Mar 26
Opawica Explorations Inc., Annual General Meeting, May 22, 2025 Opawica Explorations Inc., Annual General Meeting, May 22, 2025. Location: british columbia, vancouver Canada Announcement • Mar 15
Opawica Explorations Inc. announced that it expects to receive CAD 0.3 million in funding Opawica Explorations Inc. announced a non-brokered private placement of up to 1,500,000 units at a price of CAD 0.20 per unit for the gross proceeds of CAD 300,000 on March 14, 2025. Each Unit will consist of one common share of the Company and one Common Share purchase Warrant, with each Warrant exercisable into one Common Share at an exercise price of CAD 0.30 per share at any time up to 24 months following the closing date of the Private Placement. All securities issued under the Offering and including Warrants will be subject to a four (4) month holding period. The private placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. Announcement • Dec 21
Opawica Explorations Inc. announced that it has received CAD 1.0825 million in funding On December 20, 2024. Opawica Explorations Inc. has closed the transaction. As part of the closing, Opawica has agreed to compensate the finding agents with a commission of up to 6.0% cash totaling CAD 64,950, and up to 6.0% purchase Warrants totaling 259,800 Warrants based on the gross proceeds of the Offering. Announcement • Dec 18
Opawica Explorations Inc. announced that it expects to receive CAD 1.5 million in funding Opawica Explorations Inc. announced non-brokered flow-through private placement to issue 6,000,000 units at an issue price of CAD 0.25 per unit for gross proceeds of up to CAD 1,500,000 on December 17, 2024. Each Unit comprised of one flow-through common share and one-half of one non flow-through common share purchase warrant with each whole Warrant entitling the holder to acquire one Share at a price of CAD 0.40 per Warrant Share for a period of twenty-four months after the closing date of the Financing. All securities issued under the Offering and including Warrants will be subject to a four (4) month holding period. The private placement remains subject to the receipt of all required approvals, including the approval of the TSX-V, as well as execution of formal documentation. Announcement • Nov 26
Opawica Explorations Inc. announced that it has received CAD 2.22425 million in funding On November 25, 2024, Opawica Explorations Inc. closed the transaction. The company issued 8,280,667 Units at a price of CAD 0.15 per unit for gross proceeds of CAD 1,242,100 in its final tranche of the over-subscribed private placement. As part of the closing, Opawica has agreed to compensate the finding agents with a commission of up to 8.0% cash totaling $18,020, and up to 8.0% purchase Warrants totaling 120,133 Warrants based on the gross proceeds of the Offering. The Private Placement remains subject to receipt of all required approvals, including the final approval of the TSX Venture Exchange, as well as execution of formal documentation. Recent Insider Transactions • Nov 15
President recently bought CA$271k worth of stock On the 14th of November, Blake Morgan bought around 35k shares on-market at roughly CA$7.75 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Blake has been a buyer over the last 12 months, purchasing a net total of CA$334k worth in shares. Announcement • Oct 22
Opawica Identifies 25 High Priority Drill Targets on Its Arrowhead Property in the Abitibi Gold Belt Opawica Explorations Inc. announced that is has identified high-priority drill targets at its Arrowhead Property in the Abitibi Gold Belt using the advanced artificial intelligence services of ALS GoldSpot Discoveries Ltd. Specifically, GoldSpot and Opawica generated gold targets using a "Smart Targeting" approach which uses AI data-driven methods encompassing both numeric and interpreted layers on a 5m x 5m x 5m grid cell stack of layers. Integrated results outlined 20 zones of high-priority drill ready targets and additional targets for general exploration. In the western part of the Property, 15 drill targets have been identified totaling 4,500 meters. The majority of the proposed drill holes aim to test the continuity of gold mineralization focusing on the gold values in the area with 100-300 meter spacing. In the eastern part of the Arrowhead Property, three drill holes totaling 2,000 meters are proposed to test a fold hinge zone of an interpreted local Z-shaped fold, which is associated with IP anomalies in a resistive zone. The first drill hole will be drilled to the north to test the modeled mineralized seismic data. Based on Echo-Geotech's 2021 land-streamer 2D seismic survey, four potential mineralized trends were identified, leading to the proposal of two drill targets, each 1,000 meters deep. Additionally, four drill holes totaling 1,500 meters are planned to follow up on high historic gold values in hole 95-04, which is spatially associated with a VLF axis and a probable contact between felsic and intermediate volcanic rocks. These drill holes are designed with 50-75 meter spacing for more detailed follow-up. Announcement • Oct 16
Opawica Explorations Inc. announced that it expects to receive CAD 1 million in funding Opawica Explorations Inc. announced e a nonbrokered Private Placement of up to 6,666,666 units of the Company at a price of CAD 0.15 per Unit for aggregate gross proceeds of up to CAD 999,999.9 on October 15, 2024. Each Unit will consist of one common share of the Company and one Common Share purchase Warrant, with each Warrant exercisable into one Common Share at an exercise price of CAD 0.25 per share at any time up to 24 months following the closing date of the Private Placement. The Private Placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. All securities issued under the Offering and including Warrants will be subject to a four (4) month holding period. New Risk • Jun 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 104% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.24m market cap, or US$1.63m). Announcement • Jun 08
Opawica Explorations Inc. announced that it has received CAD 0.6 million in funding On June 6, 2024, Opawica Explorations Inc closed the transaction.
On June 7, 2024, the company announced that one director of the company participated in the private placement offering, purchasing 1,000,000 units. Announcement • Apr 24
Opawica Explorations Inc. announced that it expects to receive CAD 0.6 million in funding Opawica Explorations Inc announced a non-brokered private placement to issue 12,000,000 units at issue price CAD 0.5 per unit for gross proceeds CAD 600,000 on April 23, 2024. Each unit will comprise one common share of the company and one whole common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at an exercise price of CAD 0.10 at any time up to 24 months following issuance. Insiders may participate in the placement and, as such, their participation in the private placement. All shares issued in connection with the offering will be subject to a statutory hold period of four months and one day after the closing of the offering. The completion of the offering is also subject to the approval of the TSX-V. Board Change • Sep 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. President, CEO & Director Blake Morgan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.4m free cash flow). Shares are highly illiquid. Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (177% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.39m market cap, or US$1.04m). Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. President, CEO & Director Blake Morgan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 25
Opawica Explorations Inc. announced that it has received CAD 0.638 million in funding On May 24, 2023, Opawica Explorations Inc. closed the transaction. The company issued 6,379,998 units for total gross proceeds of CAD 638,000. All shares issued in the financing are subject to a statutory holding period. One third of the shares are subject to the minimum of four months and one day hold, one third of the shares issued are subject to a holding period of eight months and one third of the share issued are subject to a hold period of twelve months from the date of issue. The transaction was oversubscribed. Announcement • Nov 16
Opawica Explorations Inc. Announces Positive Drill Results on Its Wholly Owned Arrowhead Property Opawica Explorations Inc. announced positive drill results on its wholly owned Arrowhead Property. The company's inaugural drill program on the Arrowhead was designed in collaboration with Goldspot who used integrated and reinterpreted data sets (geochemical, geophysical, geological) to create drill targets. As a result, the company was provided with a cohesive and informed geoscientific interpretation in efforts to help facilitate drill targeting on the Arrowhead property. The company completed 4,306m of drilling over 14 drill holes on the Arrowhead and sent 1,590 rock samples for assay, representing 1,847 linear metres for analysis. The 14 drill holes were completed on 11 setups and tested 13 drill targets. As result the are nine target zones that were not tested during this drilling campaign. Eleven drill holes intercepted gold zones assaying greater than 1.5 g/t along a stratigraphic strike length of 1km. Three of these gold zones are within anomalous gold zones of 29.5m, 8.1m and 8.5 m. The gold zones are within two settings: a) shear zones containing quartz-carbonate-tourmaline veins with pyrite within basalt or mafic tuff, b) felsic tuff with quartz-tourmaline vein and pyrite: Hole AR-22-01: 18.7 g/t Au over 0.35m from 90.0 to 90.35m with 0.72% Cu, white quartz veins with 5% of pyrite and 1% chalcopyrite in clusters of 1 centimeter near both contacts. Some trace of gold before and after from 86 to 96m; Hole AR-22-02: 1.58 g/t Au over 0.6m from 93.6 to 94.2m, quartz-tourmaline vein at 600 core angle; Hole AR-22-03: 1.70 g/t Au over 1.0m from 251.5 to 252.5m, felsic tuff with 40% quartz-chlorite-tourmaline veins and trace of pyrite. Trace of gold before and after from 250.5 to 254.0m; Hole AR-22-04: 1.52 g/t Au over 14.8 m from 131.6 to 146.4 m, felsic lapilli tuff border by well silicified mafic tuff, both containing 5 to 30% quartz veining, 1 to 5% pyrite and some clusters of pyrrhotite. Trace of gold before and after from 129.9 to 159.4m; Hole AR-22-05: 2.48 g/t Au over 0.45m from 191.75 to 192.2m, 45% sheared quartz vein at 60 core angle with wall rock of chlorite and 1% pyrite. Trace of gold before from 190.5m; Hole AR-22-05: 1.13 g/t Au over 0.25 m from 229.25 to 229.5 m, 15% quartz-tourmaline vein at 45 core angles with wall rock containing 1% pyrite. Trace of gold after true 232.1m; Hole AR-22-06: 1.47 g/t Au over 1.7 m from 77.0 to 78.7m, quartz-tourmaline vein with 1% pyrite. Trace of gold and copper before and after from 75.0 to 81.0m; Hole AR-22-06: 1.44 g/t Au over 0.8m from 113.7 to 114.5 m, quartz-tourmaline vein at 60 core angle with 0.5% pyrite; Hole AR-22-06: 3.21 g/t Au over 1.4m from 120.4 to 121.8m, quartz-tourmaline vein with 3% pyrite. Trace of gold and copper between the previous gold zone at 113.7 to this zone at 121.8m for a total anomalous gold zone of 8.1m; Hole AR-22-07: 1.21 g/t Au over 4.5m from 211.5 to 216.0m, quartz-tourmaline vein within mafic tuff and trace of pyrite and pyrrhotite; Hole AR-22-08: 0.85 g/t Au over 3.5m from 211.0 to 214.5m, quartz-tourmaline vein at 30 core angle within mafic tuff and trace of pyrite and pyrrhotite. Trace of gold before and after from 207.0 to 215.5m for a total anomalous gold zone of 8.5m; Hole AR-22-09: 2.32 g/t Au over 1.0m from 121.0 to 122.0m, 4.5% quartz vein at 45 core angle with 3% pyrite and 3% pyrrhotite. Trace of gold before and after from 119.8 to 123.0m; Hole AR-22-10: 2.29 g/t Au over 1.3m from 118.5 to 123.8m, brecciated quartz vein at 45 core angle with pyrite and pyrrhotite. Trace of gold before and after from 119.8 to125.0m; Hole AR-22-14: 1.52 g/t Au over 0.6m from 147.5 to 148.1m, sheared basalt at 30 core angle with 30% quartz vein and 3% pyrite; Hole AR-22-14: 3.91 g/t Au over 1.0m from 154.0 to 155.0m, silicified basalt with 3cm quartz vein at 5 degrees core angle containing less than 1% pyrite. Trace of gold before and after from 153.0 to 157.0m. Announcement • Nov 10
Opawica Explorations Inc. Completes 3D Induced Polarization Survey over Eastern Site of Bazooka Property in Abitibi in Quebec Opawica Explorations Inc. announced that it has completed a 3D induced Polarization Survey over the eastern site of the Bazooka Property in the Abitibi in Quebec. The Company had Abitibi Geophysics undertake a DasVision 3D Induced Polarization (IP) over an area of 400x400m of the Bazooka property. The IP survey covered the main zone alteration where mineralization was up to 15m wide in quartz carbonate stock work. The objective of the IP survey was to identify the lateral and vertical extension of known hydrothermal and mineralization zones. The follow up program also consisted of downhole geophysics (to better define upcoming drill targets) in and around known current and historical gold mineralization in the vicinity of the Bazooka. The survey was conducted with 40 Full-Waver dual dipole receivers distributed over an approximate 50 m x 75 m mesh. A dipole length of 25m was used and two blocks of 40 receivers were required to cover the area of interest. Current was injected within and around each mesh of the receivers, and in several of the 2022 diamond drill holes. Current was also injected in two long dipoles (about 2km in length), diagonally across each block of receivers. The depth of investigation is estimated to be about 300 metres. Of the forty-eight drill targets identified to date, only eighteen have been tested. The forty-eight drill targets were developed in conjunction with Goldspot. Goldspot used integrated and reinterpreted data sets (geochemical, geophysical, geological). Drill targets that were drilled in 2022 were derived from an understanding gained from Goldspot based on their analysis. Structural interpretations and 3-D modelling were provided by Goldspot and led to the development of an updated geological model which includes but is not limited to fold events, numerous lithostratigraphic units, as well as faults. Announcement • Oct 08
Lion Rock Resources Inc. Announces the Election of Dominic Verdejo to the Company's Board of Directors Lion Rock Resources Inc. announced the election of Dominic Verdejo to the Company's Board of Directors. Mr. Verdejo has over 12 years' experience in the venture capital markets, specializing in the design and implementation of market strategies and corporate development. He has particular expertise in the mineral exploration and development sector and has been involved in the building and financing of many successful public companies. Mr. Verdejo has held director and senior officer positions in several public companies. Announcement • Oct 04
Opawica Explorations Inc. (TSXV:OPW) agreed to acquire Cornwall property in the Kootenay Terrane of South-Eastern British Columbia for CAD 0.42 million. Opawica Explorations Inc. (TSXV:OPW) agreed to acquire Cornwall property in the Kootenay Terrane of South-Eastern British Columbia for CAD 0.42 million on October 3, 2022. Opawica Explorations has agreed to issue 10 million common shares and pay CAD 20,000 in cash to arms length vendors. The Company does not expect to assume any material liabilities in connection with the completion of the transaction. The agreement is subject toa 2% net smelter royalty of which one percent can be purchased for CAD 1 million. The transaction will not result in the creation of a new insider or a change of control of Opawica Explorations within the meaning of applicable securities laws. Completion of the transaction remains subject to the approval of the TSX Venture Exchange and consummation of due diligence. Announcement • Aug 16
Opawica Explorations Inc. Announces the Positive Drill Results on Its Wholly Owned Bazooka Property Opawica Explorations Inc. announced the positive drill results on its wholly owned Bazooka Property. Opawica's drill program on the Bazooka was designed in collaboration with Goldspot who used integrated and reinterpreted data sets (geochemical, geophysical, geological). As a result, Opawica was provided with a cohesive and informed geoscientific interpretation in efforts to help facilitate drill targeting on the Bazooka property. The drill targets that were generated were derived from an understanding gained from Goldspot based on their analysis. Structural interpretations and 3-D modelling were provided by Goldspot and led to the development of an updated geological model which includes fold events, numerous lithostratigraphic units, as well as faults. The Company completing 5,022 m of drilling over 21 drill holes on the Bazooka and sent in a total of 1,658 rock samples, representing 2,092 linear metres for analysis. The 21 drill holes were completed on 18 setups testing 18 different drill targets representing less than half of 48 drill targets generated by Goldspot. Thirty (30) Goldspot drill targets have not been tested for gold mineralization. Gold mineralization on the property occurs within mixed, up to 60-metre-wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake. The break/fault zone is at the base and is characterized by up to two-metre-wide (estimated true width), strongly graphitic fault. The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks. This mineralization has been identified throughout the region in producing gold mines like the Yorbeau Resources Inc. Ryoun Propert that is located directly east of the current drill program. Announcement • Jul 01
Opawica Completes Arrowhead Drilling Program Opawica Explorations Inc. announced it has completed its maiden drill program on the Arrowhead Property in the Rouyn Noranda camp of the Abitibi in Quebec. The Company has engaged services TMC Geophysics (TMC) of Val-d'or to undertake a downhole 3D Borehole Pulse EM Time Domain survey on four drill holes AR-22-04, AR-22-5, AR22-09 and AR-22-10 . The surveys were done to help identify mineralization that does not have a surface expression. A 3D Borehole Pulse EM system is used in which an axial component (Z) probe and a cross component (XY) probe measure the three components of the induced secondary field. The first pass with the `Z' probe detects any in-hole or off-hole anomalies and gives information on size, conductivity, and distances to the edge of conductors. The second pass with the `XY' probe measures two orthogonal components of the EM field in a plane oriented at right angles with the borehole. These results give directional information about the center of the conductive body. The Arrowhead Project is mainly covered by the metavolcanites of the Blake River Group. Strata are oriented east-west and present a subvertical dip. Volcanic and sedimentary rocks form a series of east-west-trending, steeply dipping monoclinal panels. The sequences are separated by longitudinal contacts parallel to the lithologies. In the southern part of Joannes township, the Cadillac Fault runs along an east-west axis over a lateral distance of about 150 kilometres. In the province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years and are associated with this major structure and its subsidiary faults. Announcement • Jun 24
Opawica Explorations Inc. Provides Update on Arrowhead Drilling Program Opawica Explorations Inc. provided an update on its first phase of drilling at the Company's Arrowhead Property in the Rouyn Noranda camp of the Abitibi in Quebec. Highlights include: Twelve holes have been completed on the Arrowhead, comprising 3,603 metres. Core logging and sampling are ongoing; The drill program was designed to target the well-known Cadillac shear zone and the campaign has intersected prospective geology with varying amounts of visible gold, quartz veining, brecciation and silicification, and quartz stockwork with associated sulphides; The Company has intersected a section of 16.9 meters (AR-22-04) of silicified mafic tuff interbedded with felsic lapilli tuffs, quart-feldspar veins, and quartz veins. In drill hole AR-22-04, at 129.9m to 146.8m a section of well silicified mafic tuff interbedded with felsic lapilli tuffs, quart-feldspar veins, and quartz veins, with bedding measured at 60- 50 to core angle, pyrite varied from 1% to 10%, and trace amounts of pyrrhotite were intersected. Drill hole AR-22-04 was drilled at dip of 55 at 187Az to a depth of 270 m. The true thickness of this section is not known. The Arrowhead Project is mainly covered by the metavolcanites of the Blake River Group. Strata are oriented east-west and present a subvertical dip. Volcanic and sedimentary rocks form a series of east-west-trending, steeply dipping monoclinal panels. The sequences are separated by longitudinal contacts parallel to the lithologies. In the southern part of Joannes township, the Cadillac Fault runs along an east-west axis over a lateral distance of about 150 kilometres. In the province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years and are associated with this major structure and its subsidiary faults. Initial prospecting on the Arrowhead started in 1920 on the major shear zone located in the northern part of Opawica's property. In 1926, the exploration works consisted of prospecting, pitting, trenching and diamond drilling, mainly to test two shear zones containing quartz- carbonate veins with free gold. Gold values of up to 45.05 g/t were obtained over appreciable widths. Two main veins, designed as A and B, were explored. This work led to underground exploration that started in 1936. A three-compartment shaft was sunk to a depth of 154 metres. Levels were established at depths of 60.96 m (200 feet), 106.68 m (350 feet) and 152.40 m (500 feet). Drifting and crosscutting were carried out on all three levels on the A and B veins. Assays are still pending on the Bazooka property which is an ongoing frustration. The Company is working with the labs to exercise a timelier process. Announcement • Jun 09
Opawica Explorations Inc. Provides Update on the Arrowhead Property in Rouyn Noranda Camp of the Abitibi in Quebec Opawica Explorations Inc. provided an update on the Arrowhead Property in Rouyn Noranda camp of the Abitibi in Quebec. Highlights include: Discovery of a possible new extension on the eastern portion of the Arrowhead Property; Visible gold seen in the drill core of the new eastern zone is known as the Yvan Zone; Eastern zone hosts new geological information which is not represented at surface. In 2016, the Company collected a total of 36 rock outcrop samples over the entire property to cover the outcropping felsic volcanics. These samples were analysed for multi elements, whole rock oxides and rare earth elements to determine the geochemical alteration and element content. The objective of the rock outcrop geochemistry survey was to delineate favourable zones for gold- rich volcanogenic massive sulphide deposits. Several type geological geochemistry indexes of the chemistry were generated, these included, PER-GH index, Ishikawa index, Sericite index, Chlorite index Spitz-Darling index, Alkali index, and CCPI (Chlorite Carbonate Pyrite Index). There are three areas on the western part of the property, where the much of the historical drill and current drill program is currently being undertaken, and one the area on the eastern side representing a new exploration target. As a direct result of the 2016 rock analyses, the Company permitted and drilled two holes into the alteration index anomalies on the east side of the property. Holes AR-22-11 and AR-22-12 both have dip of 50 at 175 Az and depth of 447m and 468m respectively. A preliminary review of the hole AR22-12 at 375m indicates the presence of a quartz vein structure ~ 3x2cm thick with a bleb of chalcopyrite and trace visible gold. The gold occurs in Rhyolite- Felsic volcanic rock which is massive in appearance with weak/discrete foliation 70 core access. The mineralization recognized in the core may represent an unknown extension for the known mineralization on the western part of the Arrowhead property. The Arrowhead project is mainly covered by the metavolcanites of the Blake River Group. Strata are oriented east-west and present a subvertical dip. Volcanic and sedimentary rocks form a series of east-west-trending, steeply dipping monoclinal panels. The sequences are separated by longitudinal contacts parallel to the lithologies. In the southern part of Joannes township, the Cadillac Fault runs along an east-west axis over a lateral distance of about 150 kilometres. In the province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years and are associated with this major structure and its subsidiary faults. Announcement • May 06
Opawica Explorations Inc. Commences Drilling on the Arrowhead Property Opawica Explorations Inc. commenced drilling on the Arrowhead Property. Arrowhead Property highlights: Planned 5,000 meters of drilling on 20 targets over 15 configurations; Hosts a historical channel sample of 90.45 grams per tonne (g/t) gold (Au) over one meter; Reports of native gold to occur in relatively small shoots; Located in the Rouyn-Noranda region of the gold producing Abitibi gold belt; Volcanogenic massive sulphide (VMS) gold-rich polymetallic/quartz-carbonate auriferous veins potential; and The project is surrounded by Agnico Eagle Mines Ltd. Historical drill holes on Arrowhead completed by SOQUEM, Groupe Minier O and Agnico-Eagle intercepted 40 mineralized zones, and were mostly mineralized with gold, although some zones reported copper and zinc. These previously mineralized intercepts enhance the property's potential for the following types of mineralization: Gold-rich VMS deposits; VMS deposits, similar to the Louvicourt mine; Gold-rich polymetallic veins, like at the Doyon and Mouska gold mines; Quartz-carbonate auriferous veins associated with regional east-west-trending faults and shear zones, like at the O'Brien, Kewagama, Central-Cadillac, Wood-Cadillac and Lapa mines. The Arrowhead Project is mainly covered by the metavolcanites of the Blake River Group. Strata are oriented E-W and present a sub-vertical dip. Volcanic and sedimentary rocks form a series of E-W trending, steeply dipping monoclinal panels. The sequences are separated by longitudinal contacts parallel to the lithologies. In the southern part of Joannes Township, the Cadillac Fault runs along an E-W axis over a lateral distance of about 150 km. In the Province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years and are associated with this major structure and its subsidiary faults. First prospecting on the Arrowhead started in 1920 on the major shear zone located in the northern part of the property. In 1926, the exploration works consisted of prospecting, pitting, trenching and diamond drilling, mainly to test two shear zones containing quartz-carbonate veins with free gold. Gold values of up to 45.05 g/t were obtained over appreciable widths. Two main veins, designed as "A" and "B", were explored. This work led to underground exploration that started in 1936. A three-compartments shaft was sunk to a depth of 154m. Levels were established at depths of 60.96m (200 ft), 106.68m (350 ft) and 152.40m (500 ft). Drifting and crosscutting were carried out on all three levels on the "A" and "B" veins. The 609.60-metre diamond drilling program carried out in 1929 returned several gold intersections, the highest grading 13.44 g/t Au over three metres. On surface, the A vein was traced over 152.40 metres and gold values of up to 90.45 g/t Au (channel sampling) were obtained over one metre. Native gold is reported to occur in relatively small shoots and generally, where visible, in the fractures of the quartz. Both the A and B veins and most of the others on the property consist of discontinuous lenses in the shear that forms the vein zone. Announcement • Apr 24
Opawica Explorations Inc., Annual General Meeting, May 31, 2022 Opawica Explorations Inc., Annual General Meeting, May 31, 2022. Announcement • Apr 22
Opawica Mobilizes Crew to Arrowhead 5,000 Meter Drill Program Opawica Explorations Inc. is mobilizing a crew to the Arrowhead Property to start its maiden 5,000-meter drill program. The Arrowhead Project is mainly covered by the metavolcanites of the Blake River Group. Strataare oriented E-W and present a sub-vertical dip. Volcanic and sedimentary rocks form a series of E-W trending, steeply dipping monoclinal panels. The sequences are separated by longitudinal contacts parallel to the lithologies. In the southern part of Joannes Township, the Cadillac Fault runs along an E-W axis over a lateral distance of about 150 km. In the Province of Quebec, more than 40 gold deposits that have produced over 60 million ounces of gold in the past hundred years are associated with this major structure and its subsidiary faults. Announcement • Apr 01
Opawica Explorations Inc. Identifies High Priority Drill Targets on Arrowhead Opawica Explorations Inc. using the services of GoldSpot Discovery Corp. in applying its proprietary machine learning techniques within a strong geoscientific framework is helping to identify and rank drill targets at the Arrowhead Property of the Abitibi Gold Camp. GoldSpot has been working closely with Opawica's technical team to analyze all available geological data and create high quality multivariate ranked drill targets in the Arrowhead Property. Methodology and Input Data: GoldSpot has compiled and integrated various drillhole legacy datasets, including geological, structural, alteration, mineralogical and geochemical information which have provided an unprecedented insight into Arrowhead's geology. The interpretation of this updated drillhole database led to a cohesive 3D model - geological model, fault network, and ore body model which has provided the foundation for a drilling exploration strategy at Arrowhead Property. Key Exploration features & Gold Targeting GoldSpot and Opawica interpreted a series of east-trending, mainly subvertical, mineralized panels, crosscut and displaced by a late northeast-trending brittle fault. The western and eastern panels extend over a distance of 500m and 200m respectively, while depth remains open. Quantitative assessment of gold favourability relative to the geological units, using conditional probabilities, highlighted a primary interest of the felsic tuff and intermediate volcanic rocks. These units are commonly spatially distributed in the vicinity of the mineralized panels. GoldSpot and Opawica generated gold targets using a Smart Targeting approach of knowledge-and AI data-driven methods. The AI data analysis trains machine learning algorithms to predict the presence of gold, using both numeric and interpreted layers on a 5m x 5m x 5m grid cell stack of layers. The integrated results have outlined 20 zones of high priority drill ready targets and additional targets for general exploration drilling. Announcement • Mar 01
Opawica Explorations Inc. Provides an Update on Its First Phase of Drilling on the Company's Bazooka Property in Rouyn Noranda Camp of Quebec Opawica Explorations Inc. provided an update on its first phase of drilling on the Company's Bazooka property in Rouyn Noranda camp of Quebec. The Bazooka property occurs along one of the most prolific auriferous structures in the world, the Cadillac-Larder Lake break/fault. The Cadillac-Larder Lake break/fault, in part, marks the boundary between the Archean Abitibi subprovince in the north and the predominantly metasedimentary Pontiac subprovince south of the fault. Gold mineralization on the property occurs within mixed, up to 60-metre-wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake. The break/fault zone is at the base and is characterized by up to two-metre-wide (estimated true width), strongly graphitic fault. The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks. Structures and hydrothermal pathways were interpreted using the co-occurrence of selected exploration criteria in drill hole data. Interpreted prospective panels trend generally east-west with a steep dip to the north. They are constrained within the northern and southern borders of the Cadillac shear zone, a 150-metre-wide corridor of highly carbonate-chlorite-talc altered and schistosed ultramafic units, which form a Z-shape asymmetric drag fold in the area of the Bazooka historic mine. Announcement • Feb 10
Opawica Explorations Inc. Announces Newfoundland Projects Return Fifty Gold Grains (With Eleven Pristine) from Till Sampling Opawica Explorations Inc. announced its has received its gold grains in till results from its 2021 sampling and prospecting program on its Newfoundland projects; Chapel Island, Density, Eclipse, Mass, and Lil d'Espoir Lake. The Company collected a total of 121 regional gold in grain till samples on all its Newfoundland Properties. The program was designed to sample untested areas and has augmented the Company's understanding of gold grain distribution in the region. The Company engaged the services of a helicopter to access areas of the properties which were previously inaccessible. The 121 till samples were submitted for gold grain analysis to Overburden Drilling Management (ODM) in Ottawa. ODM specializes in heavy minerals extraction and gold grain analysis. The ODM results have given a total of 50 gold grains in till. Of the 50 grains returned ODM has classified 11 of the gold grain as pristine, which typically means they have not travelled far from their source. One till sample had a calculated value of 1.542 g/t gold on one gold grain. This value is not an assay value. It was calculated by ODM and is based on the weight and size of the gold grain found in till sample CH21- 104. Opawica's wholly owned project area covers more than 217 square kilometres along and between the Red Indian Line and the Valentine Lake shear zone in the Central gold belt of Newfoundland. The Company's prospective holdings extend for more than 50 km along the Central gold belt which is a northeast-trending structural zone extending across Newfoundland. Announcement • Feb 08
Opawica Explorations Inc. Provides an Update on the Continuing Maiden Diamond Drilling Program on the Company's Bazooka Property in the Rouyn Noranda Camp of Quebec Opawica Explorations Inc. provided an update on the continuing maiden diamond drilling program on the Company's Bazooka property in the Rouyn Noranda camp of Quebec. The Bazooka property occurs along one of the most prolific auriferous structures in the world, the Cadillac-Larder Lake break/fault. The Cadillac-Larder Lake break/fault, in part, marks the boundary between the Archean Abitibi sub province in the north and the predominantly metasedimentary Pontiac sub province south of the fault. Gold mineralization on the property occurs within mixed, up to 60-metre-wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake. The break/fault zone is at the base and is characterized by up to two-metre-wide (estimated true width), strongly graphitic fault. The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks. Structures and hydrothermal pathways were interpreted using the co-occurrence of selected exploration criteria in drill hole data. Interpreted prospective panels trend generally east-west with a steep dip to the north. They are constrained within the northern and southern borders of the Cadillac shear zone, a 150-metre-wide corridor of highly carbonate-chlorite-talc altered and schistosed ultramafic units, which form a Z-shape asymmetric drag fold in the area of the Bazooka historic mine. Announcement • Dec 15
Opawica Explorations Inc. announced that it has received CAD 2.001249 million in funding On December 13, 2021, Opawica Explorations Inc. closed the transaction. The company issued 3,638,635 flow-through units for gross proceeds of CAD 2,001,250. The company also issued 1,819,317 common share warrants in connection with the offering at an exercise price of CAD 0.75 per share. The transaction included participation from six placees. The company will pay of CAD 48,900 in cash to Laurentian Bank Securities, and CAD 60,000 in cash and 109,091 finder's warrants to Qwest InvestmentFund Management Ltd. as finder's fees in connection with the transaction, subject to the final approval of the TSX Venture Exchange. The broker warrants are exercisable into one common share of the company at CAD 0.55 until December 9, 2023. The offering was oversubscribed. All Shares issued in connection with the Offering are subject to a statutory hold period of four months and one day, being April 11, 2022. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Announcement • Dec 08
Opawica Explorations Inc. announced that it expects to receive CAD 2 million in funding Opawica Explorations Inc. announced a private placement of 3,636,363 flow through units priced at CAD 0.55 per share for gross proceeds of CAD 2,000,000 on December 7, 2021. Each flow through unit consists of one flow-through common share and one-half of a share purchase warrant, with each whole warrant exercisable into one further common share at a price of CAD 0.75 for a term of two years. The Offering will be conducted under available exemptions from the prospectus
requirements of applicable securities legislation and participation in the offering will be available to existing shareholders in qualifying jurisdictions in Canada. The Company has set December 10, 2021, as the record date for the purpose of determining shareholders entitled to participate in the Offering in reliance on the existing shareholder exemption. Finders’ fees in connection with the offering may be payable in accordance with the policies and subject to the approval of the TSX Venture Exchange. All shares issued in connection with the offering will be subject to a statutory hold period of four months and one day after closing of the offering. Completion of the Offering is subject to
the approval of the TSXV. Announcement • Nov 27
Opawica Explorations Inc. Commences the Drill Permitting Process on Its Recently Identified 14 High Property Gold Targets At the Bazooka Property of the Abitibi Gold Camp Opawica Explorations Inc. has commenced the drill permitting process on its recently identified 14 high property gold targets at the Bazooka Property of the Abitibi Gold Camp. The 14 highly favourable drill targets were done in collaboration with Opawica and Gold Spot. The team has integrated and reinterpreted various datasets (geochemical, geophysical, geological) to provide a cohesive and informed geoscientific interpretation which has facilitated drill targeting for the upcoming drill program at Bazooka Property. Structural interpretations and 3D modeling by GoldSpot have led to the development of a refined geological model including fold events, lithostratigraphic differentiation, and the identification of faults. The Bazooka project is contiguous to the southwestern border of Yamana Gold's Wasamac Gold Property which hosts existing proven and probable mineral reserves of 1.8 million ounces of gold at 2.56 grams per tonne. Wasamac has proven 1,028,000 tonnes at 2.66 g/t Au and probable of 20,427,000 tonnes at 2.56 g/t Au (Yamana Gold press release Jan. 21, 2021). The Bazooka Property occurs along one of the most prolific auriferous structures in the world, the Cadillac-Larder Lake Break/Fault. The Cadillac-Larder Lake Break/Fault, in part, marks the boundary between the Archean Abitibi sub-province in the north and the predominantly metasedimentary Pontiac sub-province south of the fault. In 2003, Lake Shore Gold Corporation drilled 1m with 316.13 g/t Au on the Property followed by 2m at 12 g/t Au and 4.5m at 7.9 g/t Au in 2005. A few highlights of the most recent historical drilling on the Property in 2011 by RT Minerals Corp. returned 17m at 7.8 g/t Au and 1.86m at 29.43g/t Au. Gold mineralization on the Property occurs within mixed, up to 60m wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main Zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake Break/Fault zone, which is at the base characterized by up to 2.0m wide (estimated true width), strongly graphitic fault. The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks. Director Overboarding • Sep 10
Director Blake Morgan has joined 3rd company board President, CEO & Director Blake Morgan has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Morgan now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Opawica Explorations Inc. (TSXV:OPW), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Announcement • Aug 17
Opawica Explorations Inc. Receives Surface Exploration Approvals for the 2021 Field Season from the Department of Natural Resources, Newfoundland and Labrador Opawica Explorations Inc. announced it has received surface exploration approvals for the 2021 field season from the Department of Natural Resources, Newfoundland and Labrador. The exploration approvals are for Chapel Island, Density, Eclipse, and Mass properties to undertake surface fieldwork including geochemical surveys and prospecting. The Opawica project areas cover more than 217 square kilometres along and between the Red Indian Line (RIL) and the Valentine Lake shear zone (VLZS) in the Central gold belt of Newfoundland. The Company's prospective holdings extend for more than 50 km along the Central gold belt, a northeast-trending structural zone extending across Newfoundland. These regionally extensive fault zones are deep crustal sutures, which localize deformation and fluid flow and host orogenic-style gold-bearing quartz veins and stockwork zones. Companies working on active gold projects within this belt and the broader Exploits subzone have noted similarities in the geological setting and characteristics with the Abitibi greenstone belts in Ontario and Quebec, Canada, and the Bendigo-Fosterville gold deposits in Australia. Regionally, till and lake sediment sampling programs provided by the Newfoundland and Labrador Geological Survey defined northeast-trending clusters of gold-in-till anomalies south of the Red Indian Line. Newfoundland has long been known to have many gold occurrences with relatively little modern exploration. Historical production from the Hope Brook, Nugget Pond and Point Rousse projects have been typical of the province's mines with relatively modest production from high-grade deposits. More recently, significant drill intersections were announced by New Found Gold Corp. including 146.2 g/t gold over 25.6m. Many explorers in the region continue to produce positive drill results which has led to extensive staking and expanded landholdings within Newfoundland's Central gold belt giving rise to a modern-day gold rush. Opawica has terminated the company's option on the Enterprise Property and returned it to the vendor. Derrick Strickland, P Geo (1000315), is the qualified person for Opawica Explorations and has reviewed and approved the technical content of this news release. The qualified person has been unable to verify the information on the adjacent properties. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties. Announcement • Jun 18
Opawica Explorations Inc. Commences Permitting Process for Mineral Properties Held in Newfoundland and Labrador Opawica Explorations Inc. announced that it has commenced the permitting process for its mineral properties held in Newfoundland and Labrador. Density, Mass and Eclipse gold projects are located within Newfoundland's Central Gold Belt; a northeast trending structural zone bounded by the Red Indian Line (RIL) on the north and the Valentine Lake shear zone to the south. These regionally extensive fault zones are deep crustal sutures which localize deformation and fluid flow and host orogenic-style gold bearing quartz veins and stockwork zones within the Central Gold Belt. Geological maps and historical geophysical surveys show the complex architecture of faulting and folding characteristic of the Central Gold Belt. The host rocks are largely Early Cambrian to Late Ordovician Victoria Lake Supergroup consisting of calc-alkalic volcanic rocks that are intercalated with and overlain by volcanogenic sandstone and shale overlain by thick Caradocian graphitic shales. Enterprise, Chapel, Lil d'Espoir Lake gold projects are located in the Exploits Sub zone. Gold deposition in the Exploits Subzone had been found in secondary and tertiary structures crosscutting siliciclastic sediments bounded by the Gander River Ultramafic Belt (GRUB line). The Exploits Subzone is a large, tectonically defined region within the Dunnage Zone in central Newfoundland. The Exploits Subzone is characterized by where the volcanic and sedimentary rocks of the Dunnage Zone are in structural contact with sediments of the Gander Zone along the GRUB line. The GRUB line is a major thrust fault and marks a zone of multiple faults and shears containing dismembered ophiolitic (ultramafic) rocks. Newfoundland has long been known to have a large number of gold occurrences with relatively little modern exploration. Historical production from the Hope Brook, Nugget Pond, and Point Rousse projects have been typical of the province's mines with relatively modest production from high grade deposits. More recently, important significant drill intersections such as those announced by New Found Gold Corp. include 146.2 g/t Au over 25.6m and those contributing to the growth of a premier gold exploration jurisdiction. These continue to provide positive results leading to extensive staking and expanded land holdings within Newfoundland's Central Gold Belt giving rise to a modern-day gold rush. Announcement • Jun 05
Opawica Explorations Inc. announced that it has received CAD 5.2885 million in funding On June 4, 2021, Opawica Explorations Inc. (TSXV:OPW) closed the transaction. The company has issued 2,952,500 non flow-through units and 1,956,000 flow-through units for gross proceeds of CAD 2,159,000. The company has paid CAD 132,550 in cash and issued 150,000 finder's warrants exercisable at CAD 0.60 per share for a two year term were paid and all securities are restricted from trading until October 5, 2021. Announcement • May 08
Opawica Explorations Inc. Gold Mineralization 316.14 G/T Au over 1 Metre Opawica Explorations Inc. provided an update of its 100% owned Bazooka Gold Property (the "Property"). The Property is comprised of one continuous block totalling 1,317 hectares located in Beauchastel Township, approximately 7 km southwest of Rouyn-Noranda, Quebec. The Property is located in the Cadillac-Larder Lake Break/Fault within the Abitibi greenstone belt. 316.13 grams per tonne gold ("g/t Au") over 1 metre 7.8 g/t Au over 17 metres Gold mineralization in quartz-carbonate-sericite and talc-chlorite schists up to 60m wide In the Cadillac-Larder Lake Break/Fault in Archean Abitibi greenstone belt The Bazooka Property occurs along one of the most prolific auriferous structures in the world, the Cadillac-Larder Lake Break/Fault. The Cadillac-Larder Lake Break/Fault, in part, marks the boundary between the Archean Abitibi subprovince in the north and the predominantly metasedimentary Pontiac subprovince south of the fault. In 2003, Lake Shore Gold Corporation drilled 1m with 316.13 g/t Au on the Property followed by 2m at 12 g/t Au and 4.5m at 7.9 g/t Au in 2005. A few highlights of the most recent historical drilling on the Property in 2011 by RT Minerals Corp. returned 17m at 7.8 g/t Au and 1.86m at 29.43g/t Au. Gold mineralization on the Property occurs within mixed, up to 60m wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main Zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake Break/Fault zone, which is at the base characterized by up to 2.0m wide (estimated true width), strongly graphitic fault. The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks. The Main Zone, characterized by strong to intense quartz-carbonate-sericite and talc- chlorite-carbonate+/-quartz alteration, is generally mineralized with trace to 3% pyrite+arsenopyrite+/-chalcopyrite+/- pyrrhotite and locally contains fine specks of free gold in narrow quartz veins/stringers and highly silicified rocks. Patchy to locally pervasive fuchsite alteration (weak to strong) often accompanies quartz-sericite-carbonate alteration. Quartz-tourmaline veins occur locally both within and adjacent to the Main Zone. Announcement • May 05
Opawica Explorations Inc. Pleases to Provide an Update of Its 100% Owned Arrowhead Gold Property Located in Québec Opawica Explorations Inc. provide an update of its 100% owned Arrowhead gold property located in Québec. The Arrowhead property consists of 19 mineral claims in a continuous claim block, totalling 400.76 hectares located 30 km east of Rouyn-Noranda in the Abitibi greenstone belt of Québec. The project is encircled by Agnico Eagle Mines Limited. Is New 90 Day High Low • Mar 16
New 90-day high: CA$0.35 The company is up 89% from a price of CA$0.18 on 15 December 2020. Outperformed the Canadian market which is up 11% over the last 90 days. Exceeded the Metals and Mining industry, which is up 2.0% over the same period. Recent Insider Transactions Derivative • Feb 11
Independent Director exercised options to buy CA$153k worth of stock. On the 8th of February, Christopher Reynolds exercised options to buy 510k shares at a strike price of around CA$0.13, costing a total of CA$67k. This transaction amounted to 159% of their direct individual holding at the time of the trade. Since September 2020, Christopher has owned 300.00k shares directly. Company insiders have collectively bought CA$87k more than they sold, via options and on-market transactions, in the last 12 months. Is New 90 Day High Low • Feb 04
New 90-day high: CA$0.28 The company is up 93% from its price of CA$0.14 on 05 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: CA$0.21 The company is up 50% from its price of CA$0.14 on 08 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Announcement • Oct 11
Opawica Explorations Inc. Announces Resignation of Julie Hajduk as Director Opawica Explorations Inc. announced that Ms. Julie Hajduk has resigned as a Director of the Company effective immediately in order to pursue other interests. Announcement • Oct 06
Opawica Explorations Inc. announced that it expects to receive CAD 1 million in funding Opawica Explorations Inc. (TSXV:OPW) announced a non-brokered private placement of up to 10,000,000 common shares at a price of CAD 0.10 per share for gross proceeds of up to CAD 1,000,000 on October 5, 2020. The transaction will include participation from insiders of the company. The company may pay finder's fee in the transaction. All the securities will subject to a hold period of four months and one day from the date of closing. The transaction is subject to the approval of the TSX Venture Exchange. Announcement • Sep 22
Opawica Explorations Inc. announced that it has received CAD 0.375 million in funding On September 17, 2020, Opawica Explorations Inc. (TSXV:OPW) closed the transaction. The company paid no finders’ fees in connection with the transaction. TSX Venture Exchange has accepted filing documentation with respect to the transaction which included participation from 8 placees including Blake Morgan, the president and CEO of the company, subscribed for 1,000,000 common shares and Sandra Wong, the CFO of the company, for 400,000 common shares. Announcement • Aug 06
Opawica Explorations Inc. announced that it expects to receive CAD 0.375 million in funding Opawica Explorations Inc. (TSXV:OPW) announced a non-brokered private placement of up to 5,000,000 common shares at a price of CAD 0.075 per share for gross proceeds of up to CAD 375,000 on August 4, 2020. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one share at a price of CAD 0.065 per share for a period of five years following the closing of the transaction. The transaction may include participation from existing shareholders and insiders of the company. The company may pay finders’ fees in the transaction. All shares issued in the transaction will be subject to resale restrictions, expiring beyond the customary statutory hold period of four months and one day after closing of the transaction. The shares will be issued and represented by four certificates of equal amount, each with a different resale restriction endorsed thereon as follows: one share certificate will bear a legend expiring four months plus one day from the closing date; second share certificate will bear a legend expiring twelve months from the closing date; third share certificate will bear a legend expiring eighteen months from the closing date; and fourth share certificate will bear a legend expiring twenty-four months from the closing date. The transaction is subject to the approval of the TSX Venture Exchange. Announcement • Jun 16
Opawica Explorations Inc. announced that it has received CAD 0.1805 million in funding from Crest Resources Inc. On June 15, 2020, Opawica Explorations Inc. (TSXV:OPW) closed the transaction. The company issued 3,610,000 shares for gross proceeds of CAD 180,500 in the transaction. The transaction included participation from Crest Resources Inc. (CNSX:CRES) subscribed for 1,000,000 shares, Michael Collins, President
and Chief Executive Officer, subscribed for 400,000 shares; Garry Stock, director, subscribed for 500,000 shares, and Philippe Havard, director, subscribed for 100,000 shares.