Mr. Blake Morgan reports

OPAWICA EXPLORATIONS SET TO UNLOCK THE ARROWHEAD PROPERTY: PERMITTED 10,000-METRE DRILL STRATEGY TARGETS HIGH-GRADE GOLD SYSTEM ADJACENT TO AGNICO EAGLE'S LARONDE COMPLEX

Opawica Explorations Inc. has provided a comprehensive exploration update on its 100-per-cent-owned Arrowhead gold property, located in the prolific Abitibi greenstone belt of Quebec.

Following years of geological compilation, geophysics, seismic surveying, artificial-intelligence-assisted targeting, three-dimensional geological modelling and diamond drilling, Opawica believes Arrowhead has reached an important stage in its evolution.

The next phase is about drilling.

The company has previously outlined a strategy for approximately 10,000 metres of high-priority drilling at Arrowhead, where Opawica holds drill permits covering 25 drill pad locations.

The planned program is intended to systematically test high-priority targets generated from one of the most comprehensive modern geological data sets assembled over the property while testing the continuity, extensions and potential depth of known gold mineralization.

Arrowhead is located within an established Quebec mining district and immediately adjacent to properties held by Agnico Eagle Mines Ltd., including the producing LaRonde complex.

The LaRonde complex has produced more than eight million ounces of gold since commercial production began in 1988 and remains a major producing operation.

Opawica considers Arrowhead's combination of historical high-grade gold occurrences, extensive historical workings, modern drill-confirmed mineralization, geophysical and seismic data sets, 3-D geological modelling, numerous untested targets, existing drill permits, and location within an established producing gold district to represent a compelling exploration opportunity.

Mineralization hosted on adjacent and/or nearby properties, including the LaRonde complex, is not necessarily indicative of mineralization hosted at Arrowhead.

Arrowhead -- built for the drill bit

Arrowhead is not an early-stage conceptual exploration project.

Exploration of the property dates back approximately a century, beginning with prospecting in approximately 1920.

Historical exploration subsequently included:

• Prospecting;
• Trenching;
• Pitting;
• Underground workings;
• Diamond drilling;
• Geological mapping;
• Sampling of multiple mineralized structures.

Historical work focused primarily on shear zones containing quartz-carbonate veins associated with free gold.

Historical gold values of approximately 45.05 grams per tonne gold were reported during early exploration.

Additional historical information compiled by Opawica includes chip sampling reported as high as approximately 90.75 g/t Au over 1.0 metre.

Historical work also identified numerous gold-copper-mineralized zones across the property.

These historical results have not necessarily been independently verified by Opawica's qualified person and should not be considered indicative of future exploration results.

What differentiates Arrowhead today is the amount of modern geological information that has subsequently been layered over this historical mineralized system.

Opawica has already drilled Arrowhead

In 2022, Opawica completed its inaugural modern diamond drill program at Arrowhead.

The program consisted of:

• 4,306 metres of drilling;
• 14 diamond drill holes;
• 1,590 rock samples submitted for assay;
• 13 drill targets tested.

The program successfully confirmed gold mineralization across the property.

Importantly:

• Eleven drill holes intersected gold zones grading greater than 1.0 g/t Au along an approximately one-kilometre stratigraphic strike length.
• Selected results included:
• • 18.7 g/t Au over 0.35 metre, together with 0.72 per cent Cu, in hole AR-22-01;
  • 1.58 g/t Au over 0.60 metre in AR-22-02;
  • 1.70 g/t Au over 1.00 metre in AR-22-03;
  • 1.52 g/t Au over 14.8 metres in AR-22-04;
  • Broader anomalous gold zones extending up to approximately 29.5 metres.
• Reported intervals represent core lengths and true widths have not necessarily been determined.

The drilling identified gold mineralization in two principal geological settings, including shear zones containing quartz-carbonate-tourmaline veins within mafic volcanic rocks and mineralized felsic tuffs containing quartz-tourmaline veining.

Significantly, following completion of the 2022 campaign, nine target zones associated with that program remained untested.

For Opawica, that program represented confirmation.

The next phase is designed to test scale.

Qualified person

Yvan Bussieres, PEng, an independent qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

About Opawica Explorations Inc.

Opawica Explorations 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 Quebec. The company's management has a great 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.

We seek Safe Harbor.