Opawica Explorations Inc. Announces 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.opawic a.com

OPAWICA EXPLORATIONS INC. ANNOUNCES PRIVATE PLACEMENT

Vancouver, B.C. – March 1, 201 7 – Opawica Explorations Inc. (the “Company”) (TSX.V:

OPW) announces that it proposes to undertak e a private placement to raise gross proceeds of up

to $350,000 (the “Offering”). The Company proposes to raise up to $300,000 through the sale of

300 mixed flow-through and non flow -through units priced at $1,000 (the “FT/NFT Units”) and

up to $50,000 through the sale of 500,000 non flow -through units priced at $0.10 (the “NFT

Units”). Each FT/NFT Unit consists of 5,000 flow -through common shares, 5 ,000 non flow -

through common shares, and 10,000 share purchase warrants exercisable at $0.1 2 for a term of

two years. The FT/NFT Unit pricing is equivalent to $0.10 per share and a whole warrant

attached to each share that is exercisable into one further common share at a price of $0.1 2 for a

term of two years. Each NFT Unit consists of one common share and one share purchase

warrant exercisable at $0.12 for a term of two years.

The proceeds from the sale of the flow -through portion of the Offering will be used for

exploration activity on the Company’s 100% owned, subject to retained royalty, Bazooka East

gold property located near Rouyn-Noranda Quebec. The proceeds from the sale of the non flow-

through portion of the Offering will be used for general working capital.

A finder’s and/or administrative fee of up to 10% may be paid to registered representatives in

connection with the Offering. The fee will be comprised of 50% cash a nd 50% common shares

at $0.10 per share.

The Offering is subject to the acceptance of the TSX Venture Exchange.

FOR FURTHER INFORMATION CONTACT:

Fred Kiernicki

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 Ventu re

Exchange) accepts responsibility for the adequacy of accuracy of this news release.