Drill resultsOpawica Explorations Inc. (TSXV:OPW)August 6, 2026 at 7:30 AM EDT

Opawica prepares 10,000-metre drill program at Arrowhead gold property

Source:

TheNewswire

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Nearly a Century of Exploration, Historical High-Grade Gold, Modern Drilling, Advanced 3D Modelling and 25 High-Priority Targets Position Arrowhead for Its Next Major Phase of Exploration

Vancouver, British Columbia – TheNewswire - 6th August 2026 – Opawica Explorations Inc. (TSXV: OPW) (FSE: A2PEAD) (OTCQB: OPWEF) (the “Company” or “Opawica”) is pleased to provide a comprehensive exploration update on its 100%-owned Arrowhead Gold Property (“Arrowhead” or the “Property”), located in the prolific Abitibi Greenstone Belt of Québec.

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 datasets assembled over the Property, while testing the continuity, extensions and potential depth of known gold mineralization.

Arrowhead is located within an established Québec mining district and immediately adjacent to properties held by Agnico Eagle Mines Limited (“Agnico Eagle”), 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 datasets, 3D 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; and

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 g/t Au 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:

11 drill holes intersected gold zones grading greater than 1.0 g/t Au along an approximately one-kilometre stratigraphic strike length.

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Selected results included:

18.7 g/t Au over 0.35 metres, together with 0.72% Cu, in hole AR-22-01;

1.58 g/t Au over 0.60 metres 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; and

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

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements concerning the Company's proposed approximately 10,000-metre drilling strategy at Arrowhead; the timing, scope and commencement of future drilling; the testing of high-priority, deeper, structural and extension targets; interpretations regarding potential continuity or extension of mineralization; the potential significance of geological, geophysical and seismic targets; future exploration programs; and the possibility that exploration results could ultimately support future resource-definition activities.

Forward-looking information is based on assumptions considered reasonable by management as of the date such statements are made and is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated or implied.

Such risks include exploration risk; geological interpretations proving incorrect; historical information being inaccurate or incomplete; permitting and regulatory requirements; availability of financing and contractors; commodity-price fluctuations; environmental and operational risks; the possibility that planned exploration may be modified, delayed or cancelled; and the possibility that exploration will not result in the discovery or delineation of a mineral resource or economically viable mineral deposit.

Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update such information except as required by applicable securities laws.

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 Chief Executive Officer

Opawica Explorations Inc.

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.

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.

TheNewsWire

August 6, 2026 - 4:30 AM PDT