Opawica Announces Proposed Consolidation, Financing

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

300 – 555 W . Georgia Street, Randall Building, Vancouver, BC Canada V6B 1Z6 T (604)681-3170, F (604)681-3552, [email protected] www.opawica.com

OPAWICA ANNOUNCES PROPOSED CONSOLIDATION, FINANCING

November 4, 2013

Vancouver, BC – Opawica Explorations Inc. (“OPW” / the “Company”) (TSXV: OPW) wishes to announce that it proposes to effect a 12 for 1 consolidation of its issued share capital and will seek shareholder approval to such consolidation at an extraordinary meeting to be held December 18, 2013.

The Company is also proposing to undertake a post-consolidation private placement of up to 2,500,000 flow-through units (the “FT Units”) and up to a further 1,500,000 non flow-through units (the “NFT Units”). Each FT Unit and NFT Unit will be priced at $0.05 and will be comprised of a share and a warrant exercisable at $0.06 for a term of two years (in the case of the FT Units) and five years (in the case of the NFT Units).

The proceeds from the sale of the FT Units will be used for exploration activity on the Company’s Canadian mineral properties, while the proceeds from the sale of the NFT Units will be used for general working capital.

The transactions detailed herein remain subject to receipt of all requisite shareholder and regulatory approvals, including the acceptance of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities 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 a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

FOR FURTHER INFORMATION CONTACT:

Alexander (Sandy) Bain President Opawica Explorations Inc.

604-681-3170

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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