Opawica Explorations Inc. Announces Closing of Private Placement

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 EXPLORATIONS INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

October 16, 2012 (Marketwire Canada) --

Vancouver, British Columbia: Opawica Explorations Inc. (TSX.V: OPW) ("Opawica") is pleased to announce the closing of its private placement offering (the “Offering”) of 4,000,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $200,000 as previously disclosed in a news release dated September 17, 2012. Each Unit consists of one common share and one half of one common share purchase warrant (each whole warrant, a “Warrant”), each Warrant entitling the holder to acquire a further common share of Opawica at a price of $0.10 for a term of 12 months. Insiders of Opawica subscribed for $76,330 of Units in the Offering.

All such securities will be subject to a hold period expiring February 17, 2013.

Proceeds from the Offering will be used for miscellaneous property, lien and closing payments for the sale of the Atikwa Lake property and for the initial cash payment required for the Teck-Kirkland property.

FOR FURTHER INFORMATION CONTACT:

Donald (Dan) Clark Chairman Opawica Explorations Inc.

604-681-3170 [email protected]

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.