Opawica Seeks Drill Permits for Arrowhead Property in Abitibi Gold Belt

38726 2 1 Opawica Files for Drill Permits on its Arrowhead Property in the Abitibi Gold Belt

Vancouver, B.C. – October 24th, 2024 – (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or “Opawica”) Opawica Explorations Inc. has begun the process of obtaining drill permits for its recently identified 25 high-priority gold targets at the Arrowhead Property in the Abitibi gold camp. The application includes 25 drill pad locations with short-range spacing, allowing the Company to quickly move forward on any of the targets once permits are granted.

“We are excited to launch an aggressive drilling program at the Arrowhead Property once we receive the necessary permits,” said CEO Blake Morgan. “We are eager to unlock the potential of this highly promising property and build upon the rich mining history of the region. With millions of dollars invested in exploration since 2021, our team believes this drill program could be a game-changer for the company. We have a wealth of data, and our understanding of the geological structure is significantly advanced.”

The identification of these 25 drill targets was a collaborative effort between ALS GoldSpot Discoveries Ltd. and Opawica. The team integrated various recent and legacy drillhole datasets, encompassing geological, structural, alteration, mineralogical, geochemical, and 2D seismic data information. This integration provided a deeper understanding of Arrowhead’s geology. The interpretation of this updated drillhole database resulted in a comprehensive 3D geological model, fault network, and ore body model. This model serves as the foundation for a drilling exploration strategy at the Arrowhead Property.

The Arrowhead Project is situated immediately east of one of the most prolific gold mining regions of the Cadillac Fault. Most ore bodies* in the area plunge steeply westward, which could guide deep exploration efforts below known showings and gold deposits located along and around the Cadillac Fault. The Arrowhead Project is located within Blake River Group metavolcanites, similar to those found near large gold mines to the east, such as Mouska (7.9 km)*, MicMac (9.0 km)*, Mooshla (10.0 km)* and Doyon (11.3 km)*.

Initial prospecting activities began in 1920 on the major shear zone located in the northern part of the property. In 1926, exploration efforts consisted of prospecting, pitting, trenching, and diamond drilling, primarily to test two shear zones containing quartz-carbonate veins with visible gold. Gold grades of up to 45.05 g/t were obtained over significant widths.

M. Yvan Bussieres, P.Eng., is the Qualified Person for Opawica Explorations Inc. and approves the technical content of this news release. * The qualified person has not verified the information on the Abitibi greenstone belt.  Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the company’s properties.

About Opawica Explorations Inc.

Opawica Explorations Inc. 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 Québec. The Company’s management team has a proven track record of discovering and developing successful exploration projects. The Company’s objective is to enhance shareholder value by developing exploration properties using cost-effective exploration practices, acquiring additional exploration properties, and seeking partnerships through joint ventures or sales 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

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 or accuracy of this news release.

Forward-Looking Statements

This news release contains certain 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.

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