Mr. Fred Kiernicki reports

OPAWICA EXPLORATIONS INC. CLOSES FINANCING

Further to the news release dated March 1, 2017, Opawica Explorations Inc. has closed a private placement of 325 units for total gross proceeds of $325,000. Each unit is priced at $1,000 and is composed of 5,000 flow-through common shares, 5,000 non-flow-through common shares and 10,000 share purchase warrants exercisable at 12 cents for a term of two years. The unit pricing is equivalent to 10 cents per share and a whole warrant attached to each share that is exercisable into one further common share at a price of 12 cents 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 portion of the offering will be used for exploration activity on the company's 100-per-cent-owned, subject to retained royalty, Bazooka East gold property, located near Rouyn-Noranda, Que. The proceeds from the sale of the non-flow-through portion of the offering will be used for general working capital.