Opawica Explorations Inc. Announces Purchase of Bazooka WEST GOLD Property FOR 100% Ownership of Seven Contiguous Kilometres of Cadillac Larder Lake Break, Quebec / Shares FOR Services Agreement with Agoracom
300 – 555 W . Georgia Street, Randall Building, Vanc ouver, BC Canada V6B 1Z6
T (604)681-3170, F (604)681-3552, info@opawic a. com
www.opawic a.com
OPAWICA EXPLORATIONS INC. ANNOUNCES PURCHASE OF BAZOOKA WEST GOLD
PROPERTY FOR 100% OWNERSHIP OF SEVEN CONTIGUOUS KILOMETRES OF
CADILLAC LARDER LAKE BREAK, QUEBEC /
SHARES FOR SERVICES AGREEMENT WITH AGORACOM
Vancouver, B.C. – April 28, 2017 – Opawica Explorations Inc. (the “Company”) (TSX.V : OPW)
announces that pursuant to its news releases dated August 2, 2016 and January 30, 2017, the Company
has exercised its option to acquire 100% interest i n the Bazooka West property located in Beauchastel
Township, Quebec, from Globex Mining Enterprises In c. (“Globex”), for consideration of a final option
payment of $30,000 cash and 500,000 common shares o f the Company which are subject to a four month
hold period expiring August 22, 2017. Globex retai ns a 3% Gross Metal Royalty (“GMR”) with the
Company retaining the right to purchase 1% of the GMR for $1,000,000 within five years.
The Bazooka East and West gold properties combine f or a total strike length of approximately seven
kilometres along one of the most prolific auriferou s structures in the world, the Cadillac Larder Lake
Break (“CLLB”). Opawica’s collective 100% ownership, subject to various underlying royalties, of these
properties will now be referred to as the Bazooka Gold Property (the “Property”).
To date only 800 metres of strike length has been t ested by limited shallow drilling and small mining
activities undertaken in the early 1950’s through a 115 metre deep shaft on the Bazooka Gold Property.
This outlines approximately six kilometres of untested strike length and the entire seven kilometres of the
Bazooka Gold Property is open to depth for gold exploration.
The eastern border of Opawica’s Bazooka Gold Proper ty adjoins Yorbeau Resources Inc.’s (“Yorbeau”)
Rouyn Property that is currently under option for K inross Gold Corporation (“Kinross”) to purchase a
100% interest for consideration that includes C$12 million in certain exploration expenditures and a
single cash payment of US$25,000,000, plus 2% of th e prevailing gold price multiplied by the number of
ounces in measured, indicated and inferred resource s identified in a resource estimate to be completed on
the Rouyn Property (see Yorbeau press release dated October 25, 2016). In addition, the western borde r
of the Bazooka Gold Property adjoins Richmont Mines Inc.’s Wasamac gold property (~3 million ozs Au
resources).
All of these properties are within 10 kilometres of the Rouyn-Noranda mining camp and are located on, or
near, the CLLB. The 220 kilometre length of the CL LB, and areas in general proximity thereto, between
Matachewan, Ontario to Val D’Or, Quebec have yielded over 125 million ounces of gold from production
and existing gold resources.
SHARES FOR SERVICES AGREEMENT WITH AGORACOM
The Company has entered into an online marketing an d advertising agreement (the “Agreement”) with
Agora Internet Relations Corp. (“AGORACOM”) for a o ne year term ending April 30, 2018. The
Company expects to receive significant advertising exposure over the next 12 months through many
content brand insertions on the AGORACOM network and extensive search engine marketing.
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As compensation for the services to be provided, AGORACOM will receive $45,000 plus applicable HST
and payment will be made by the issuance of common shares at a deemed price per share to be
determined after the date the services are provided during the year. AGORACOM will be paid $9,000
plus applicable HST in value of shares upon commenc ement of the Agreement on May 1, 2017, and
thereafter will receive $9,000 plus applicable HST in value of shares at the end of each quarter with the
final share payment to be made on April 30, 2018. The shares issued to AGORACOM will be subject to
a four month hold period from the date of each issuance of shares.
The Agreement and all securities proposed to be iss ued thereunder are subject to the acceptance of the
TSX Venture Exchange.
Mr. Yvan Bussieres, P.Eng., is the Qualified Person who has prepared or supervised the preparation of the
information that forms the basis for the scientific and technical disclosure in this news release.
For more information, please visit the Company’s website at www.opawica.com.
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 po licies of the TSX Venture
Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-looking Statements
Certain statements in this press release relating t o the Company’s exploration activities, project exp enditures and
business plans are approximate and are "forward-loo king statements" within the meaning of securities l egislation.
The Company does not intend, and does not assume an y obligation, to update these forward-looking state ments.
These forward looking statements represent manageme nt’s best judgment based on current facts and assum ptions
that management considers reasonable, including tha t operating and capital plans will not be disrupted by issues
such as adverse market conditions, mechanical failu re, unavailability of parts, labor disturbances, in terruption in
transportation or utilities, or adverse weather con ditions, that there are no material unanticipated v ariations in
budgeted costs, that contractors will complete proj ects according to schedule, and that actual mineral ization on
properties may not achieve any category of resource (s). The Company makes no representation that reaso nable
business people in possession of the same informati on would reach the same conclusions. Forward lookin g
statements involve known and unknown risks, uncerta inties and other factors which may cause the actual results,
performance or achievements of the Company to be ma terially different from any future results, perform ance or
achievements expressed or implied by the forward-lo oking statements. In particular, fluctuations in the price of gold,
equity markets or in currency markets could prevent the Company from achieving its targets. Readers sh ould not
place undue reliance on forward-looking statements. There is no guarantee that drill results reported in this news
release or future releases will lead to the identif ication of a deposit that can be mined economically , and further
work is required to identify resources and reserves. We seek safe harbour.