Mr. Christian Dupont of Brunswick reports

BRUNSWICK RESOURCES CLOSES THE TRANSACTION WITH EXPLOR RESOURCES FOR THE ACQUISITION OF CHESTER COPPER PROPERTY

Brunswick Resources Inc. has received the final approval of the TSX Venture Exchange for the closing of the transaction relating to the option granted to Brunswick to acquire from Explor Resources Inc. the Chester copper property. The general term of the option agreement were previously announced by press releases dated April 17, April 22, 2014, and June 20, 2014.

The property comprises two mineral claims totalling 19 mineral units. The terms of the transaction were modified to adjust the purchase price to the current markets conditions. The property is located in the Northumberland county, 70 kilometres southwest of Bathurst, N.B., and 50 km west-northwest of Miramichi, N.B., within the Bathurst mining camp. This area has an extensive history in base metal production from VMS (volcanogenic massive sulphide) deposits.

The option to earn a 100-per-cent interest in the property

Explor has granted to Brunswick the sole and exclusive right and option, over a three-year period, to acquire the property for the following considerations: i) payment to Explor of an aggregate of $40,000, of which $10,000 at closing of the transaction; ii) issuance of a total of five million common shares of Brunswick, of which one million at closing of the transaction; iii) Brunswick shall assume the remaining financial obligation of $100,000 to previous owners; and iv) Brunswick shall complete a work program of $500,000, with a minimum of $100,000 during the first year of the option agreement. Upon the completion of these conditions over a period of three years, Brunswick will have acquired a 100-per-cent interest in the property. Brunswick will assume the remaining NSR (net smelter returns) royalties in favour of previous owners on the property.

The disinterested shareholders of Brunswick approved the transaction at its annual and special shareholders meeting held on Aug. 12, 2014, and the disinterested shareholders of Explor approved the transaction at its annual and special shareholders meeting held on Oct. 7, 2014. The TSX Venture Exchange has approved the closing of the transaction.

Chris Dupont, president and chief executive officer of Brunswick Resources, commented: "We are extremely pleased with the acquisition of the Chester property. The Chester property has an existing copper resource in the famous Bathurst mining camp (BMC). Brunswick Mines one of the mines in the BMC, produced in excess of 135 million tonnes of base metal ore. There is significant exploration potential to increase the existing resource based on our model and interpretation. Our interpretation leads us to believe the structure may have three km of strike length."

Mr. Dupont, PEng, is the qualified person responsible for the information contained in this release.

We seek Safe Harbor.