Mr. Killian Charles reports

BRUNSWICK EXPLORATION CONSOLIDATES MIRAGE OWNERSHIP

Brunswick Exploration Inc. has consolidated its ownership covering a group of eight mining claims at the Mirage project pursuant to a purchase and sale agreement dated Aug. 15, 2025, with General Partnership Osisko Baie James. Brunswick Exploration now owns 100 per cent of the mining claims across the Mirage project.

To acquire such rights, Brunswick has agreed to renounce to its option to acquire a 90-per-cent undivided interest in the Plex property, pursuant to the third amendment to the option agreement, dated Aug. 15, 2025, between Brunswick and Osisko Baie James.

In partial consideration for the termination of the Plex property option pursuant to this third amendment agreement, Osisko Baie James shall pay to Brunswick Exploration an amount of $1-million to be paid within 30 days of the first publication of a technical report prepared in accordance with the requirements of regulation 43-101 presenting a minimum of one million ounces in gold in measured, indicated and/or inferred resources (as those terms are defined in National Instrument 43-101).

Grant of deferred share units

The corporation announces that it has granted 821,425 deferred share units to its non-executive directors in accordance with the corporation's deferred share unit plan, available on SEDAR+. In lieu of board fees, the DSUs were granted at a fair market value of 14 cents per DSU and will vest one year from the grant date.

About Brunswick Exploration Inc.

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX Venture Exchange under the symbol BRW. The company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing its extensive grassroots lithium property portfolio in Canada and Greenland.

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