Property

Polarization study induced by the Bazooka property completed

Vancouver, BC – TheNewswire – November 8e2022 – Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or “Opawica”) is pleased to announce that it has completed a 3D induced polarization survey on the east site of the Bazooka property in Abitibi in Quebec.

The Company asked Abitibi Geophysics to undertake a DasVision 3D induced polarization (“IP”) on a 400 x 400 m area of ​​the Bazooka property. The IP survey covered main zone alteration where mineralization reached up to 15m wide in quartz carbonate stockpiles. The objective of the IP survey was to identify the lateral and vertical extension of known hydrothermal and mineralization zones. The follow-up program also consisted of downhole geophysics (to better define future drill targets) in and around known current and historic gold mineralization in the vicinity of the Bazooka.

The survey was carried out with 40 Full-Waver double dipole receivers spread over a mesh of approximately 50 mx 75 m. A dipole length of 25 m was used and two blocks of 40 receivers were needed to cover the area of ​​interest. Current was injected in and around every mesh of the receivers, and in several of the 2022 diamond drill holes. Current was also injected into two long dipoles (about 2 km long), diagonally through each block of receivers. The depth of investigation is estimated at around 300 meters.

Of the forty-eight drill targets identified to date, only eighteen have been tested. The forty-eight drill targets were developed in conjunction with Goldspot. Goldspot used integrated and reinterpreted datasets (geochemical, geophysical, geological). The drill targets that were drilled in 2022 were derived from an understanding gained from Goldspot based on their analysis. Structural interpretations and 3D modeling were provided by Goldspot and led to the development of an updated geological model that includes, but is not limited to, fold events, numerous lithostratigraphic units, as well as faults.

Blake Morgan, President of Opawica, said, “The implementation of the new 3D IP will redefine our drill targets. The remaining thirty drill targets, developed by GoldSpot, have not yet been evaluated and could represent a significant advantage for our shareholders. The Opawica team is excited to be closing in on our high priority drill targets ready for a phase two drill program.

Opawica Explorations is a Canadian junior exploration company with a strong portfolio of precious metal and base metal properties in the Rouyn-Noranda region of the Abitibi gold belt in Quebec and central Newfoundland. and Labrador. The Company’s management has an excellent record in finding and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties by employing profitable exploration practices, acquiring additional exploration properties and seeking joint venture or partnership partnerships. sale with industry leaders.

Opawica’s Bazooka properties cover seven kilometers of the prolific Cadillac Larder Lake Break. The Bazooka properties are bounded to the west by the Wassamac gold property, which is 100% owned by Richmont Mines inc.

Yvan Bussières, Eng., OIQ #31985, has reviewed and approved the technical content of this press release. * The Qualified Person was unable to verify information on adjacent properties. Mineralization hosted on adjacent and/or neighboring and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.

FOR MORE INFORMATION, CONTACT

Blake Morgan

President and CEO

Opawica Explorations Inc.

Phone: 604-681-3170

Fax: 604-681-3552

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of the accuracy of this press release.

Forward-looking statements

This press release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. These forward-looking statements reflect management’s current beliefs and are based on assumptions made by the Company and information currently available to it. Readers are cautioned that these forward-looking statements do not constitute promises or guarantees and are subject to risks and uncertainties that could cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of exploration and other Company activities, environmental risks, future metal prices, operating risks, accidents, labor issues , delays in obtaining government approvals and permits and other risks in the mining industry. All forward-looking statements made in this press release are qualified by these cautionary statements and those contained in our continuous disclosure documents available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof, and the Company undertakes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable law.

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