Opawica Explorations Inc.

Opawica Explorations Inc.

May 12, 2006 16:25 ET

Opawica: Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2006) - Donald (Dan) M. Clark of Suite 515, 701 West Georgia Street, Vancouver, B.C. V7Y 1C6, filed an early warning report dated May 12, 2006 advising of his holdings in Opawica Explorations Inc. ("Opawica")(TSX:OPW), which is listed on the Toronto Stock Exchange.

Mr. Clark recently acquired beneficial ownership of the option to purchase 1,000,000 shares of Opawica through the grant of a director's stock option. These securities represent 1.33% of the issued and outstanding common shares of Opawica.

Immediately following the grant of the aforesaid 1,000,000 stock options, Mr. Clark, alone and together with OPW Acquisition Corp., a private company controlled by Mr. Clark, owned or controlled 4,185,500 common shares of Opawica as well as additional stock options and warrants to acquire a further 2,882,000 shares. These securities represent an aggregate 8,067,500 common shares or 10.72% of the issued and outstanding shares of Opawica, calculated assuming exercise of all options and warrants held and/or controlled by Mr. Clark.

Mr. Clark is the President and a director of Opawica. The options were granted to Mr. Clark as a director's incentive stock option and were acquired by him for investment purposes. Mr. Clark may acquire further securities of Opawica in the future.

A copy of the report filed in accordance with applicable securities legislation may be obtained by contacting Mr. Clark at 604-681-3170.

"Dan Clark"

Donald (Dan) M. Clark

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Opawica Explorations Inc.
    Alexander (Sandy) Bain
    (604) 681-3170
    (604) 681-3552 (FAX)