Mr. Killian Charles reports

BRUNSWICK EXPLORATION ANNOUNCES UPSIZED NON-BROKERED LIFE PRIVATE PLACEMENT

Brunswick Exploration Inc., as a result of strong investor demand, has increased the maximum gross proceeds of its previously announced non-brokered private placement from $4-million to $5.5-million. The upsized offering now consists of the sale of up to 22 million units of the corporation at a price of 25 cents per unit. For more information about the offering, please refer to the corporation's news release dated Feb. 25, 2026.

Killian Charles, president and chief executive officer of Brunswick Exploration, commented: "With these additional funds, we will accelerate the consolidation of multiple targets across several jurisdictions that we have identified as high-priority alongside the advancement of our Quebec portfolio. We look forward to sharing the result of these initiatives as rapidly as possible over the coming weeks."

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 offering is conducted 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.

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

The offering is expected to close on or about March 18, 2026, and is subject to customary conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Brunswick Exploration Inc.

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX Venture Exchange 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 million tonnes grading 1.08 per cent Li2O.

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