Opawica Explorations Inc. Closes Acquisition of Newfoundland Gold Properties and Richard Copper Property Located Near Rouyn-Noranda, Quebec
11 00 – 595 Howe Street, Vancouver, BC Canada V6 C 2T5
T (604) 681 -3170, F (604) 681 -3552, [email protected]
www.opawica.com
NEWS RELEASE
Opawica Explorations Inc. Closes Acquisition of Newfoundland Gold Properties and Richard
Copper Property Located Near Rouyn-Noranda, Quebec
Vancouver, B.C. – March 29, 2021 – Opawica Explorations Inc. (“Opawica” or the “Company”) (TSX.V:
OPW) is pleased to announce that further to its news release dated February 12, 2021, it has closed the
acquisition of a 100% interest, subject to net smelter return (“NSR”) royalties, in the Lil’ d’Espoir Lake
Property and the Chapel Island Gold Property, located in the Exploits Subzone of Central Newfoundland
and Labrador , and the Richard Copper Property located approximately 15 km from Rouyn -Noranda,
Quebec. The consideration paid for the properties is 2,000,000 common shares of the Company and
1,000,000 common share purchase warrants exercisable at $0.31 per share for a period of 24 months. The
securities issued as consideration are subject to a hold period expiring July 30, 2021. The Newfoundland
properties are subject to a 1.5% NSR of which the Company may purchase 0.75% NSR for $1,000,000 at
any time, and the Richard property is subject to a 1% NSR.
About Opawica Explorations Inc.
Opawica Explorations Inc. is a junior Canadian ex ploration company with a strong portfolio of precious
and base metal properties within the Rouyn -Noranda region of the Abitibi Gold Belt in Québec. The
Company’s management has a great track record in discovering and developing successful exploration
projects. The Company’s objective is to increase shareholder value through the development of exploration
properties using cost effective exploration practices, acquiring further exploration properties, and seeking
partnerships by either joint venture or sale with industry leaders.
FOR FURTHER INFORMATION CONTACT:
Blake Morgan
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.
Forward-Looking Statements
This news release contains certain forward -looking statements, which relate to future events or future
performance and reflect management’s current expectations and assumptions. Such forward -looking
statements reflect management’s current beliefs and are based on assumptions made by and information
currently available to the Company. Readers are cautioned that these forward -looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results
to differ materially from those expected including, but not limited to, market conditions, availab ility of
financing, actual results of the Company’s exploration and other activities, environmental risks, future
metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and
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permits, and other risks in the mining industry. All the forward -looking statements made in this news
release are qualified by these cautionary statements and those in our continuous disclosure filings available
on SEDAR at www.sedar.com. These forward -looking statements are made as of the da te hereof and the
Company does not assume any obligation to update or revise them to reflect new events or circumstances
save as required by applicable law.