Opawica Explorations Inc. Closes Financing

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. CLOSES FINANCING

Vancouver, B.C. – March 24, 2017 – Opawica Explorations Inc. (the “Company”) (TSX.V: OPW)

announces that, further to its news release March 1, 2017, th e Company has closed a private placement of

325 units (the “Units”) for total gross proceeds of $325 ,000 (the “Offering”). Each Unit is priced at

$1,000 and is comprised of 5,000 flow-through common shares, 5,000 non flow-through common shares,

and 10,000 share purchase warrants exercisable at $0.12 for a term of two years. The Unit pricing is

equivalent to $0.10 per share and a whole warrant att ached to each share that is exercisable into one

further common share at a price of $0.12 for a term of two years. Insiders purchased 20 Units.

All securities issued in the private placement are subject to a hold period expiring July 25, 2017.

The proceeds from the sale of the flow-through portio n of the Offering will be used for exploration

activity on the Company’s 100% owned, subject to reta ined 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.

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 Re gulation 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.