Opawica Explorations Inc. Announces Debt Settlement

05:40 Uhr  |  The Newswire

Vancouver - June 4 , 2026 - Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the "Company" or "Opawica") announces that it has entered into debt settlement agreement (the "Settlement Agreement") with an independent consultant to settle outstanding debt totalling $23,340 (the "Debt Settlement"). Pursuant to the Settlement Agreement, the Company will issue an aggregate of 186,720 common shares at a deemed price of $0.125 per share. The Debt Settlement is subject to approval by the TSX Venture Exchange and all shares issued in connection with Debt Settlement will be subject to a hold period of four months and one day in accordance with applicable securities laws. The Board of Directors has determined that completing the Debt Settlement is in the best interests of the Company as it will preserve cash for working capital purposes.

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.

FOR FURTHER INFORMATION CONTACT:

Blake Morgan
President and CEO
Telephone: 236-878-4938

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.

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