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Brunswick Exploration Inc
Symbol BRW
Shares Issued 247,339,034
Close 2025-11-24 C$ 0.15
Market Cap C$ 37,100,855
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Brunswick receives exploration licence in Saudi Arabia

2025-11-24 15:16 ET - News Release

Mr. Killian Charles reports

BRUNSWICK EXPLORATION TO BEGIN A LITHIUM EXPLORATION INITIATIVE IN THE KINGDOM OF SAUDI ARABIA

Brunswick Exploration Inc. has identified the Kingdom of Saudi Arabia (KSA) as highly prospective for lithium exploration. To support this new initiative and as an initial entry step into the country, Brunswick Exploration was awarded an exploration licence in Saudi Arabia. Brunswick Exploration is the first hard-rock lithium company to outline and embark on a countrywide systematic exploration program in Saudi Arabia. This complements the company's highly successful efforts in Canada, where a maiden resource for the Mirage project is expected in early Q1 2026, and in Greenland, where an inaugural drill program is planned for 2026.

Killian Charles, president and chief executive officer of Brunswick Exploration, commented: "Following the completion of our grassroots campaign in Greenland, we have continuously sought to utilize and leverage our unique lithium exploration expertise and Saudi Arabia is an underexplored jurisdiction for lithium with exceptional potential.

"Importantly, prospecting in Saudi Arabia is preferentially executed during the seasonally colder months in Canada and Greenland, allowing BRW to generate prospecting results twelve months of the year. The team is currently planning a prospecting campaign, which will commence in H1 2026. This program, in addition to our forthcoming MRE [mineral resource estimate] at Mirage, our new discovery neighbouring Rio Tinto's Galaxy project and our future work in Greenland, promises an exciting start to the year for Brunswick Exploration."

Exploration licence

The exploration licence has been awarded pending final government approval while the company completes the administrative requirements to conduct exploration in the country. The licence area is located roughly 150 kilometres from the city of Buraydah and roughly 450 kilometres east from Riyadh, the capital city of Saudi Arabia. The claim area is easily accessible by major highways and has smaller roads throughout the property. The licence was selected based on preferred geology, geochemistry and interpreted satellite imagery for a total licence area of 8,467 hectares.

Saudi Arabia fundamentals

Saudi Arabia has a long mining history with well-established mining laws and strong government funding. With a supportive and pro-mining government, favourable geology, great outcrop exposure, and exceptional road access in a region of little to no historic hard-rock lithium exploration, this presents a fantastic opportunity for Brunswick Exploration.

Saudi Arabia is actively establishing itself as a major lithium processing hub to support Middle Eastern demand. This foresight is part of the KSA's larger program known as Saudi Vision 2030, which includes developing its resources outside of the oil and gas industry. Over all, the KSA is a well-established mining jurisdiction with prominent major and junior mining companies such as Barrick, Ivanhoe Electric, Tinka Resources and Power Metallic actively exploring there.

Qualified person

The scientific and technical information related to this press release has been reviewed and approved by Charles Kodors, manager, international projects. He is a professional geologist registered in New Brunswick and Quebec.

About Brunswick Exploration Inc.

BRW is a Montreal-based mineral exploration company focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing its extensive portfolio of grassroots lithium properties and projects in Quebec (Mirage and Anatacau), Greenland (Nuuk lithium) and the Kingdom of Saudi Arabia.

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