Opawica plans 10,000 m drill program at Arrowhead

Executive Summary

• Opawica Explorations provided a comprehensive update on its 2025 and historical exploration activities, highlighting completed drilling programs and permitting status for its Bazooka and Arrowhead properties.
• The company announced plans to drill 10,000 meters of high-priority targets on its 100%-owned Arrowhead property, which is fully surrounded by Agnico Eagle and contiguous to the La Rhonde complex.
• Management is actively exploring joint venture or sale opportunities for the Bazooka property, following the release of a conceptual exploration target and the completion of phase 1 drilling.

Key Details

• Arrowhead Property Plans:
  • Next stage involves drilling 10,000 meters of high-priority drill targets.
  • Drill permits are in place.
  • Property is 100% owned by Opawica.
  • Located in the Rouyn-Noranda region, surrounded by Agnico Eagle and contiguous to the premier La Rhonde gold mine complex.
  • Phase 2 drill program is planned to commence.
  • Downhole geophysics and interpretation have been completed.
  • A 2-D deep seismic program was completed on the property.
  • Maiden drill program (completed Nov 15, 2022) returned high-grade gold up to 18 g/t.
• Bazooka Property Status:
  • Drill permits received in 2025.
  • 10,000 meters of high-priority targets announced.
  • Phase 1 drilling program completed with "fantastic results" (referenced in July 10, 2025 release).
  • Historical phase 1 drilling (June/Aug 2022) identified multiple high-grade zones and visible gold.
  • Over 4,000 meters of drill core logged and sampled to date.
  • 384 line-kilometre geophysical survey completed on the asset, contiguous to the south of the Wasamac deposit.
  • Conceptual Exploration Target: 10 to 40 million tonnes grading 0.9 to 1.45 g/t gold, totaling 1.5 to 2.0 million ounces (announced Oct 16, 2025).
  • 59 high-priority drill targets identified since 2021.
  • Management is exploring joint venture or sale options for this asset.
• Financial and Corporate Updates:
  • Oversubscribed private placement raised $5.28 million.
  • Completion of an additional $2 million in flow-through shares at $0.55 per share.
  • Successful cross-border listing on the OTCQB.
  • Over $6 million spent on assets since 2021.
  • Awarded "Gold Explorer of the Year 2025" by Metals and Mining Magazine (May 23, 2025).
• Technical and Operational Details:
  • Engagement of GoldSpot Discoveries Corp. for AI machine learning services.
  • Assets feature road access, water, and hydroelectric power, keeping exploration costs low.
  • Properties are within seven kilometers of multiple active mines in a prolific gold-bearing region.
  • Qualified Person: Yvan Bussieres, PEng, has reviewed and approved the scientific and technical information.

Notable Quotes

• "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 10,000 m of high-priority drill targets on its 100-per-cent-owned Arrowhead property." — Blake Morgan, CEO
• "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." — Blake Morgan, CEO
• "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." — Blake Morgan, CEO