EANS-News: Opawica Exploration Inc. / FLOW-THROUGH PRIVATE PLACEMENT CLOSES

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Privatisations

Vancouver, BC (euro adhoc) - Opawica Explorations Inc. (TSX.V:
OPW/OTC: OPWEF/Frankfurt: OE5A) "Opawica"/the "Company") announces
further to its news release of August 27, 2010 and September 17,
2010, the Company is pleased to announce that it has closed its
private placement of 6,050,000 units at $0.10, for gross proceeds of
$605,000. Each unit was comprised of one flow-through share and
one-half of a warrant, with each whole warrant entitling the holder
to acquire a non flow-through share at $0.15 for a term of one year.

In connection with the private placement the company paid finders'
fees totalling $24,000 and issued 240,000 finder's warrants, each
such warrant entitling the holder to acquire one common share of the
Company at a price of $0.10 per share for a term of one year.

The securities issued in connection with the private placement are
subject to a hold period expiring on February 2, 2011.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The forgoing information may contain forward-looking statements
relating to the future performance of the Company. Forward looking
statements, specifically those concerning future performance or
events, are subject to certain risks and uncertainties, and actual
results may differ materially. These risks and uncertainties are
detailed from time to time in the Company's filings with the
appropriate regulatory authorities. We seek safe harbour.

end of announcement euro adhoc
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ots Originaltext: Opawica Exploration Inc.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Jonathan Samuda, Director/Corporate Secretary, Tel: (604) 681-3170, Fax: (604)
681-3552, Website: www.opawica.com

Branche: Metals & Minerals
ISIN: CA6834762040
WKN: A0M91Y
Börsen: Frankfurt / Open Market
Berlin / free trade