Opawica Exploration Targets Significant Gold Potential at Bazooka Property Along Cadillac-Larder Lake Break

Opawica Explorations Inc. has announced a conceptual exploration target for its Bazooka Property located along the Cadillac-Larder Lake Break, one of the world's most productive gold-bearing geological structures. The company is exploring for a target ranging from 10 to 40 million tonnes grading between 0.9 to 1.45 grams per tonne gold, based on current geological understanding and historical drilling data.

The significance of this announcement lies in the property's strategic positioning adjacent to Yamana Gold's Wasamac Project and within a district actively explored by major producers including Agnico Eagle Mines. The Cadillac-Larder Lake Break represents one of the most prolific gold-bearing structures globally, making any new exploration targets in this region particularly important for the mining industry and potential investors.

The exploration target is supported by 210 drill holes totaling 51,219 meters, with mineralization hosted within a 60-meter-wide zone of quartz-carbonate-sericite and talc-chlorite schists known as the Main Zone. High-grade intercepts from historical drilling provide compelling evidence of the property's potential, including results such as 77.18 g/t gold over 5.79 meters in Hole BA5 and 25.77 g/t gold over 7.5 meters in Hole BZ81-3.

The geological setting features a 20-60 meter-wide deformation corridor with intense alteration including carbonate, silica, fuchsite, and tourmaline. These intercepts confirm the presence of sulphide-bearing quartz veins with visible gold hosted within the most intensely altered zones of the Main Zone, as documented in company internal documents available at https://www.sedarplus.com.

Located within the Abitibi greenstone belt, the largest Archean greenstone belt in the world, the Bazooka Property benefits from being in the Val d'Or/Rouyn-Noranda camp, the second richest gold mining district in the Abitibi region. The area demonstrates significant endowments of not only gold but also silver, copper, zinc and lesser quantities of lithium, nickel, cobalt, platinum, palladium and molybdenum.

Yvan Bussieres, P.Eng., OIQ #31985, an independent qualified person for Opawica Explorations, has approved the technical content of this news release. The qualified person notes that information on adjacent properties from sources such as Yamana Gold Inc's press release from January 21, 2021 available at https://www.yamana.com cannot be verified and may not necessarily indicate mineralization on Opawica's properties.

It is important to note that the potential quantity and grade of this exploration target remain conceptual in nature. There has not been sufficient drilling to define a mineral resource, and current drill spacing is too limited to classify any portion as an Inferred Mineral Resource. The company emphasizes there is no certainty that further exploration will result in the delineation of a mineral resource, as detailed in their forward-looking statements available at https://www.newmediawire.com.

For the mining industry and potential investors, this announcement represents an early-stage opportunity in a proven gold district. The conceptual target, if realized through further exploration, could significantly impact gold production in the Abitibi region and contribute to global gold supply. However, investors should approach such early-stage exploration targets with appropriate caution given the conceptual nature of the estimates and the uncertainties inherent in mineral exploration.