The TSX Venture Exchange has accepted for filing the documentation relating to an option agreement between Brunswick Exploration Inc. and an arm's-length party. Pursuant to the agreement, the company shall acquire an existing 0.5-per-cent net smelter return (NSR) royalty on certain claims within the Mirage project, located in the Eeyou Istchee James Bay region of Quebec.

The three-, six- and nine-month anniversary payments are of $100,000 total each and are subject to a minimum of 25 per cent to be paid in cash. The remaining 75-per-cent amounts are to be paid in cash and/or shares at the discretion of the company. The shares will be issued at a deemed price per share calculated using the 10-day volume weighted average share price preceding the date of the payment and are subject to a 40-cent minimum share price.

The payment to be made upon the start of the mineral extraction is $250,000 in total and can be paid in cash and/or shares at the discretion of the company.

The shares will be issued at a deemed price per share calculated using the 10-day volume weighted average share price preceding the date of the payment and are subject to a 40-cent minimum share price.

For further information, please refer to the company's news release dated April 8, 2024.