Opawica Explorations Gives Company Update

20.01.2026  |  The Newswire

Vancouver - Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the "Company" or "Opawica") Gives company update.

Dear Fellow Shareholders & Investors,

Blake Morgan CEO states "It's been a very busy year for Opawica with lots of groundwork and a drill program completed and all data reviewed. The next stage for Opawica is to drill its 10,000m of high priority drill targets on its 100% owned Arrowhead property. The Arrowhead property has its drill permits in place and is fully surrounded by Agnico Eagle and contagious to its premier gold mine the La Rhonde Complex. See below our list of accomplishments".

With Gold at all-time highs there is a lot of interest in the assets Opawica Explorations holds. Opawica is exploring Joint Venture and or sale on its Bazooka Property. See below our list of accomplishments".

Accomplishments in 2025:

• Opawica receives drill permits for the Bazooka property

• Opawica receives drill permits for the Arrowhead property

• Opawica announces over 10,000m of high priority drill targets on the Arrowhead Property

• Opawica announces 10,000m of high priority targets on its Bazooka Property

• Opawica Commences drilling on its Bazooka Property

• Opawica completes drill program on the Bazooka property, with some fantastic Results See news release July 10th, 2025

• Opawica Explorations was awarded Gold Explorer of the year for 2025 by Metals and Mining Magazine. See news release 23rd May 2025

• Opawica gives conceptional exploration target on its Bazooka Property of 10-40 million tones grading between 0.9 to 1.45 grams per tonne (g/t) gold for a total of 1,500,000 - 2,000,000 million ounces. See news release -16th October 2025

Accomplishments since 2021:

• Identification of 59 High Priority drill targets on our Bazooka Property.

• Successfully permitted the Bazooka drill holes

• Commencement of Drilling on the Bazooka Property

• Oversubscribed Private Placement; raising a total of $5.28million

• Completion of an additional $2 million dollars of Flow Through Shares @ $0.55

• Successful cross border listing on the OTCQB

• Engaged the services of GoldSpot Discoveries Corp. AI Machine Learning

• Completion of a 384-line-kilometer geophysical survey on our Bazooka asset, contiguous to the south of the Wasamac deposit*, covering the vast extent of the shear zones governing mineralization on the greenstone belt.

• Completion of a 2-D deep seismic program on our Arrowhead property that is encircled by Agnico Eagle Mines Ltd..

• Established strong communications with the first nations, and local contractors to make a successful project for all stakeholders going forward.

• Historical data compilation and direction identified for future exploration on our gold targets in Rouyn-Noranda.

• Completed phase1 one drilling program on the Bazooka with multiple high-grade zones and visible gold. See news release,th June 2022, and 15th August 2022,

• Completed maiden drill program on the Arrowhead property with high-grade gold up to 18gt/au see new relase 15th November 2022,

• Logged and sampled over 4000m of Bazooka drill core to date.

• Completed the acquisition data from historical sources from government and previous exploration efforts on our portfolio.

• Developed geological models and geological targets based on the data acquired to date from drilling, geophysics, and AI Machine Learning.

• Used our drill results on Bazooka, Interpretation geophysical data to develop strong targets.

• Completed downhole geophysics and interpretation on the Arrowhead property

Follow up plans:

• Drill contractor for Arrowhead Property

• Start Phase 2 drill program on Arrowhead Property

• Joint Venture and or sale of the Bazooka Property.

The continued development of corporate assets is a value generating event for Opawica's shareholders. Our overall plan is to maximize value through the growth of our identified assets which will include the allocation of additional funds into the Rouyn-Noranda camp.

I am enormously excited to be working closely with our team and management to advance all our projects. The immediate focus is on the Arrowhead and Bazooka Properties which are both projects of considerable merit. I am extremely optimistic with our abilities to advance our projects while enhancing the value proposition for all stakeholders.

Our assets have had over $6,000,000 spent on them since 2021, with 3 drill programs now completed. The assets have road access, water and hydro-electric power keeping exploration costs low. We are in one of the most prolific gold earing regions on earth with multiple active mines contiguous and within 7 KMS of our assets, showing this region has massive upside.

We now have a great understanding based on the enormous amount of work completed on the structure and gold mineralisation of the region. This will assist us with the phase two drill program.

Sincerely,

Blake Morgan | CEO | President

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 has a great track 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.

Qualified Person

Yvan Bussieres, P.Eng., an independent "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

The potential exploration target quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource

FOR FURTHER INFORMATION CONTACT:

Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 236-878-4938
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 of 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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