Opawica Explorations Inc.
TSX : OPW

Opawica Explorations Inc.

July 31, 2008 13:46 ET

Opawica Explorations Inc. Announces Atikwa Lake Drill Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 31, 2008) - Opawica Explorations Inc.("Opawica" / the "Company") (TSX:OPW) announces the following drill hole results from the in-fill drilling program of the Maybrun gold and copper deposit on the Company's Atikwa Lake property located near Kenora, Ontario.

Opawica has now completed 69 drill holes on the Atikwa Lake property totalling 13,436 meters under the current 2008 drilling program. Opawica has previously reported on 37 of the 69 holes drilled under the current program. The Company is reporting on 6 further recently received holes and has restated previously announced hole AT-08-32 to include an interval of 1m of 12.11% copper per tonne within 3m of surface as detailed in Table 1 below.

Hole AT-08-43 has returned the highest grade gold intercept to date, for Opawica drilling, of 118 g/t Au which check assayed up to 159.77 g/t Au over 1.1m at a vertical depth of about 20m. This interval has been cut to 30 g/t Au as detailed in table 1 below. Assay results are pending on a further 26 holes all of which are a part of the Maybrun zone in-fill drilling program. The purpose of this in-fill drilling is to enable an independent resource calculation to be carried out by Golder & Associates Ltd. on the Maybrun deposit. This resource calculation is expected to be completed within the next three months and is scheduled to be delivered to the Company contemporaneously with the metallurgical test work results on Atikwa Lake (Maybrun) ores being conducted by Gekko Systems Pty Ltd. of Australia.



Table No. 1 - Further Assay Results Received For Opawica 2008
Drilling - Atikwa Lake Project

---------------------------------------------------------------------------
From To Width Gold (g/t)
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Hole Sec- Target (m) (m) (m) Cut to Uncut Cu %
No. tion 30 g/t
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AT-08
-032 910 N Maybrun 2.75 43.00 40.25 0.39 0.39 0.896
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Including 2.75 19.20 16.45 0.72 0.72 1.767
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Including 2.75 6.00 3.25 0.83 0.83 4.363
---------------------------------------------------------------------------
Resta-
ted Including 4.00 5.00 1.00 1.13 1.13 12.110
---------------------------------------------------------------------------

---------------------------------------------------------------------------
AT-08
-038 970 N Maybrun 91.65 123.80 32.15 0.28 0.28 0.194
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Including 113.00 118.00 5.00 0.71 0.71 0.479
---------------------------------------------------------------------------
163.00 177.60 14.60 0.10 0.10 0.185
---------------------------------------------------------------------------

---------------------------------------------------------------------------
AT-08
-039 985 N Maybrun 61.20 117.00 55.80 0.34 0.34 0.296
---------------------------------------------------------------------------
Including 61.20 78.50 17.30 0.87 0.87 0.461
---------------------------------------------------------------------------
Including 64.00 65.00 1.00 2.48 2.48 0.256
---------------------------------------------------------------------------
And 72.00 77.80 5.80 1.55 1.55 0.920
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Including 73.00 74.00 1.00 4.56 4.56 3.010
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---------------------------------------------------------------------------
AT-08
-040 1045 N Maybrun 7.00 102.00 95.00 0.19 0.19 0.200
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Including 7.00 35.50 28.50 0.26 0.26 0.279
---------------------------------------------------------------------------
Including 7.00 19.00 12.00 0.50 0.50 0.506
---------------------------------------------------------------------------
And 67.00 83.00 16.00 0.23 0.23 0.324
---------------------------------------------------------------------------
And 93.90 102.00 8.10 0.60 0.60 0.463
---------------------------------------------------------------------------
Including 93.90 95.00 1.10 3.62 3.62 0.990
---------------------------------------------------------------------------

---------------------------------------------------------------------------
AT-08
-041 1015 N Maybrun 66.00 103.00 37.00 0.37 0.37 0.352
---------------------------------------------------------------------------
Including 81.00 92.00 11.00 0.76 0.76 0.559
---------------------------------------------------------------------------
131.00 137.00 6.00 0.26 0.26 0.529
---------------------------------------------------------------------------

---------------------------------------------------------------------------
AT-08
-042 1045 N Maybrun 64.30 138.00 73.70 0.21 0.21 0.244
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Including 128.00 138.00 10.00 0.52 0.52 0.633
---------------------------------------------------------------------------
Including 137.00 137.60 .60 3.57 3.57 3.280
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164.00 168.80 4.80 1.46 1.46 0.978
---------------------------------------------------------------------------

---------------------------------------------------------------------------
AT-08
-043 1090 N Maybrun 29.00 53.00 24.00 2.08 6.12 0.518
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Including 34.16 43.00 8.84 5.41 16.37 1.214
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Including 34.16 36.10 1.94 20.71 70.65 3.938
---------------------------------------------------------------------------
Including 35.00 36.10 1.10 30.00 118.08 4.020
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94.66 97.00 2.34 0.20 0.20 0.348
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The above drill intercepts are between 70% and 90% true width of the mineralized zones.

The current phase of drilling of the 69 hole program at Atikwa Lake is now complete and assaying, resource calculations, metallurgical testing and NI 43-101 reports will be completed, compiled and reported by the Company throughout the next three months.

Fire assaying for the Atikwa Lake Property was completed by Swastika Laboratories of Kirkland Lake, Ontario.

The Qualified Person for the Atikwa lake Property is Mr. Fred Sharpley, P.Geo., of Kirkland Lake, Ontario and he has reviewed the contents of this release.

Shares Issued: 19,435,868

Stock Options: 1,940,000 @ $0.35 to $0.80

Warrants: 2,410,081 @ $0.35 to $0.80

Restricted Shares: 1,635,000

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. We seek safe harbor.

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