BRUNSWICK EXPLORATION CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $4,195,000

Brunswick Exploration Inc. successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $4.195 million through the sale of 16.78 million units priced at $0.25 per unit. Each unit consists of one common share and half a warrant, with warrants exercisable at $0.35 for 36 months. The financing was completed under the listed issuer financing exemption, avoiding typical resale restrictions in Canada.

The raised capital will be deployed toward exploration activities across Brunswick's diversified portfolio spanning Canada, Saudi Arabia, and Greenland, with a focus on advancing lithium projects critical to the global energy transition. The company's flagship Mirage project represents one of the largest undeveloped hard-rock lithium resources in the Americas, containing an Inferred Mineral Resource Estimate of 52.2 million tonnes grading 1.08% Li2O.

Chairman Robert Wares demonstrated strong insider confidence by participating with a $250,000 investment, acquiring 1 million units. His participation was structured as a related party transaction under applicable securities regulations. Despite this investment, Wares' ownership percentage has decreased from 37.86% in 2020 to 16.49% currently, reflecting the company's growth through successive equity raises.

The financing positions Brunswick to capitalize on the growing demand for lithium as a critical mineral essential to battery technology and decarbonization efforts. With properties across multiple jurisdictions including politically stable Canadian territories and emerging opportunities in Greenland and Saudi Arabia, the company is well-positioned to advance what represents the most extensive grassroots lithium portfolio in these regions. The successful completion of this first tranche, pending final TSX Venture Exchange approval, demonstrates continued investor confidence in Brunswick's lithium exploration strategy.