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OPW.V ·

Opawica Explorations Inc. Grants Options

Share Capital & Compensation

Opawica Explorations Inc. Grants Options

January 9th, 2024 – Vancouver, B.C. – Opawica Explorations Inc. (TSXV: OPW) (FSE:

A2PEAD) (OTCQB: OPWEF) (the “Company” or “Opawica”), a Canadian mineral exploration

company focused on precious and base metal projects, is pleased to announce. The Company

has granted a total of 400,000 incentive Stock Options exercisable at $0.17 per share expiring

January 9th, 2027, to directors, officers, and consultants of the Company. The stock options are

subject to the acceptance of the TSX Venture Exchange.

About Opawica Explorations Inc.

Opawica Explorations Inc. is a junior Canadian exploration 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: 236-878-4938

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, availability 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 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 date

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.