Mr. Killian Charles reports

BRUNSWICK EXPLORATION CLOSES UPSIZED NON-BROKERED PRIVATE PLACEMENT OF $2.1 M

Brunswick Exploration Inc. has closed its previously announced non-brokered private placement with aggregate gross proceeds of approximately $2,121,542 from the sale of 12,123,097 common shares of the corporation, sold as flow-through shares within the meaning of the Income Tax Act (Canada) and the Taxation Act (Quebec), at an updated price of 17.5 cents per FT share.

Killian Charles, president and chief executive officer, commented: "With the Mirage maiden resource estimate expected in the first two weeks of January and the closing of this financing, BRW will have an aggressive start to 2026. Following the release of the MRE, we will be returning to drill the recent discovery at Anatacau with a significantly expanded drill program before continuing with prospecting in Saudi Arabia and drilling at Mirage, both expected to begin in the second quarter. We wish happy holidays to BRW shareholders and invite them to pay close attention to BRW press releases in the new year."

In connection with the offering, the corporation paid finders' fees to arm's-length third parties in an amount of $62,726.24.

Insiders of the corporation participated in the offering and were issued an aggregate of 314,200 FT shares. Such participation in the offering is a related party transaction as defined in Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions. The offering is exempt from the formal valuation and minority shareholder approval requirements of Regulation 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceeds 25 per cent of the corporation's market capitalization.

The offering remains subject to the final approval of the TSX Venture Exchange.

The FT shares are subject to a statutory four-month-and-one-day hold period.

About Brunswick Exploration Inc.

Brunswick Exploration is a Montreal-based mineral exploration company focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The corporation 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.

We seek Safe Harbor.