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File: OPW NR 170324.doc

OPAWICA EXPLORATIONS INC. CLOSES FINANCING

Vancouver, B.C. - March 24, 2017 - Opawica Explorations Inc. (the "Company") (TSX.V: OPW) announces that, further to i
--->ts news release March 1, 2017, the Company has closed a private placement of 325 units (the "Units") for total gross p
--->roceeds of $325,000 (the "Offering").  Each Unit is priced at $1,000 and is comprised of 5,000 flow-through common sha
--->res, 5,000 non flow-through common shares, and 10,000 share purchase warrants exercisable at $0.12 for a term of two y
--->ears.  The Unit pricing is equivalent to $0.10 per share and a whole warrant attached to each share that is exercisabl
--->e 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 portion of the Offering will be used for exploration activity on the Co
--->mpany's 100% owned, subject to retained royalty, Bazooka East gold property located near Rouyn-Noranda Quebec.  The pr
--->oceeds 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 Regulation Service Provider (as the term is defined in the policies of the TS
--->X Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.