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OPW.V ·

Opawica Grants Stock Options

Share Capital & Compensation

3043 – 595 Burrard Street, Vancouver, BC Canada V7X 1L7

T (604) 681 -3170, F (604) 681 -3552, [email protected]

www.opawica.com

Opawica Grants Stock Options

Vancouver, B.C. – March 11th, 2021 – Opawica Explorations Inc. (the “Company”) (TSXV: OPW)

announces that it has granted 500,000 stock options to Directors, Officers, and Consultants of

the Company.

The Company has granted a total of 500,000 incentive stock options exercisable at $0.34 per

share expiring March 10th, 2026 and are fully vested as of the grant date. The stock options are

subject to the acceptance of the TSX Venture Exchange.

About Opawica Explorations Inc.

Opawica is a Canadian mineral exploration company with a strong portfolio of precious and base

metal properties within the Rouyn -Noranda region of the Abitibi gold belt in Quebec and in

Central Newfoundland and Labrador. The Company's management has a great r ecord 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

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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 c ertain 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.