VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 9, 2008 -- Opawica Explorations Inc. ("Opawica" / the "Company") (Toronto:OPW.TO - News) announced today that the Company has negotiated a non-brokered private placement unit offering consisting of 2,500,000 units at $0.80 per unit. Each unit shall consist of one share and one half share purchase warrant attached to each share. One whole warrant entitles the holder to acquire one further share of the Company at $0.90 per share over a one year term.

The gross proceeds from the unit offering of $2,000,000 shall be used for general operating capital and to conclude NI 43-101 reports for the both the Atikwa Lake property near Kenora, Ontario and the Company's Dingman gold property located about 1.5 hours northeast of Toronto, Ontario. The funds will also be used for drilling on the Maybrun copper gold zone at Atikwa Lake Ontario. It is anticipated that this work will commence late next week and will include at least 60 holes of about 150m per hole. Additionally, the Company may allocate some of the proceeds from the offering for drilling at the Dingman property and other properties in 2008.

A total of 19 holes have now been drilled at Atikwa Lake to date, of which 17 holes have been drilled on targets outside of and sub-parallel to the Maybrun copper-gold zone. Complete assays on the first 11 holes are expected within the next two weeks.

To facilitate the above unit offering the Company has entered into a non-exclusive Financial Services Agreement with Ascenta Finance Corp.("Ascenta") whereby Opawica will pay Ascenta cash agent fees of 8% and Compensation Options of the Company equal to 8% of the securities issued pursuant to the financing. Each Compensation Option will entitle Ascenta to purchase a Unit of the Company on the same terms as offered under the private placement unit offering for a period of 24 months after closing.

The above unit offering and Financial Services Agreement and the compensation to be paid by the Company thereunder is subject to regulatory approval.

Warrants: 2,682,581 at $0.35 to $0.70

Shares Issued: 15,695,868

Options: 1,565,000 @ $0.35

Restricted Shares: 2,000,000

     Contacts:
     Opawica Explorations Inc.
     Donald (Dan) M. Clark
     President
     (604) 681-3170
     (604)681-3552 (FAX)
     Email: info@opawica.com
     Website: http://www.opawica.com