The Soldiers Memorial faces west, overlooking the village of Oakwood, and honours 34 First World War and 10 Second World War local residents who died in battle. A complete list of names for those who served and returned was never compiled except in the individual war rolls of the various churches throughout the area. The town name of Oakwood does not appear on this memorial, instead it is dedicated to the men of Mariposa, the township in which Oakwood is found.
The unveiling ceremony was held on December 22, 1920. Colonel C.E. Weeks and Township Reeve Charles Jenkins unveiled the memorial. Remembrance Services are held each year at the memorial with the first being held on November 11, 1921.
Since 1980, Second World War veteran and Mariposa resident Lloyd Graham, has maintained the grounds and organized the Remembrance Day ceremonies for the Township. On November 11, 2000 a new bronze plaque was added to the shaft due to the wearing and fading of the granite carved names. The additional name of William White was added to the Second World War names on the bronze plaque as it was not known at the time in 1945. Recognition of the Korean War Veterans was also added.
