Opawica Explorations Inc. Announces Consolidation of Shares

Opawica Explorations Inc. Announces Consolidation of

Shares

Vancouver, British Columbia--(Newsfile Corp. - December 5, 2017) - Opawica Explorations Inc. (TSXV: OPW) (the "Company")

announces that effective at the opening of markets on December 6, 2017, the Company will consolidate its common shares (the

"Shares") on the basis of one (1) post-consolidated Share for every five (5) pre-consolidated Shares held (the "Consolidation").

The new CUSIP number will be 683476501 and the new ISIN number will be CA6834765019.

The Company's name and stock

symbol will remain unchanged following the Consolidation.

The Consolidation was approved by the shareholders of the Company at the Annual General Meeting of Shareholders held on

November 23, 2017 and has received the approval of the TSX Venture Exchange.

No fractional Shares will be issued under the

Consolidation as fractional Shares will be rounded to the nearest whole number.

The Company currently has 30,120,959

common shares issued and outstanding and immediately following the Consolidation will have approximately 6,024,191

common shares issued and outstanding.

Letters of transmittal with respect to the Consolidation will be mailed shortly to all registered shareholders of the Company.

All

shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the

pre-consolidated Shares to the Company's transfer agent, Computershare Investor Services Inc., will receive a certificate

representing the post-consolidated Shares.

ABOUT OPAWICA EXPLORATIONS INC.

Opawica Explorations Inc. is a junior resource company engaged in the acquisition, exploration and evaluation of gold and base

metal mineral properties in Canada.

The Company owns 100% interest subject to certain royalties in the Bazooka gold property

located in the Beauchastel Township approximately seven kilometres southwest of Rouyn-Noranda, Quebec.

The Bazooka

property comprises seven contiguous kilometres of strike length along the prolific Abitibi Gold Belt on the Cadillac Larder Lake

Break.

The eastern border of the Bazooka gold property adjoins Yorbeau Resources Inc.'s Rouyn Property and the western

border adjoins Monarques Gold Corporation's Wasamac gold property (2,882,000 oz Au resources per Monarques NI 43-101

technical report dated October 25, 2017).

The Company also holds 100% interest subject to certain royalties in the McWatters

gold property in the Rouyn-Noranda area and the Arrowhead gold property in the Joannes Township, Quebec.

For more information, please visit the Company's website at

www.opawica.com

.

FOR FURTHER INFORMATION CONTACT:

Paul Antoniazzi

Chairman, President and Chief Executive Officer

Opawica Explorations Inc.

Telephone: 604-681-3170

Fax: 604-681-3552

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.