Mr. Killian Charles reports

BRUNSWICK EXPLORATION ANNOUNCES INSIDER-LED NON-BROKERED LIFE PRIVATE PLACEMENT

Brunswick Exploration Inc. has arranged a non-brokered private placement for the sale of up to 16 million units of the corporation at a price of 25 cents per unit for gross proceeds of up to $4-million.

Killian Charles, president and chief executive officer of Brunswick, commented: "This financing comes at critical time for Brunswick Exploration as we look to begin our exploration in Saudi Arabia and continue growing our international footprint. Over the last 12 months, we have identified multiple high-priority jurisdictions that have seen little to no lithium exploration efforts. We strongly believe that we can consolidate a significant portion of global lithium grassroot targets, further strengthening our position as the premier lithium exploration company. We are extremely excited to expand this next chapter for the company and our shareholders."

Each unit will consist of one common share of the corporation and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the corporation at a price of 35 cents at any time for a period of 36 months following the closing date (as defined herein).

The units will be offered for sale to purchasers in all the provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued under the listed issuer financing exemption are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

The corporation intends to use the net proceeds of the offering for exploration activities at the corporation's properties in Canada, Saudi Arabia and Greenland, as well as for general corporate purposes and working capital.

Participation by insiders of the corporation in the offering will constitute a related party transaction as defined in Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The corporation intends to rely on exemptions from the formal valuation and minority shareholder requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that neither the fair market value of the securities to be issued under the offering nor the consideration to be paid by insiders of the corporation will exceed 25 per cent of the corporation's market capitalization.

The offering is expected to close on or about March 18, 2026, or such other date that is within 45 days from the date of this news release, and remains subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

There is an offering document related to the offering that can be accessed under the corporation's profile at SEDAR+ and on the corporation's website. Prospective investors should read this offering document before making an investment decision.

About Brunswick Exploration Inc.

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The corporation is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada, Greenland and Saudi Arabia underpinned by its Mirage project, one of the largest undeveloped hard-rock lithium inferred mineral resource estimate in the Americas, with 52.2 Mt (million tonnes) grading 1.08 per cent Li2O (lithium oxide).

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