Mr. Killian Charles reports

BRUNSWICK EXPLORATION CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR TOTAL GROSS PROCEEDS OF $5,445,000

Brunswick Exploration Inc. has issued an additional five million units of the corporation at a price of 25 cents per unit for additional gross proceeds of $1.25-million, pursuant to its previously announced non-brokered private placement.

In the aggregate, the corporation issued 20.78 million units and raised gross proceeds in the amount of $5,445,000 under the offering.

Killian Charles, president and chief executive officer of Brunswick Exploration, commented: "With the completion of this financing, we will be accelerating our international plans as our compilation work has identified several highly prospective jurisdictions that have seen limited to no prior lithium exploration. As we continue to expand our reach, we also remain steadfast in growing our high-priority projects in Quebec. To that effect, I look forward to releasing first results from our Anatacau drilling campaign very shortly. Alongside our Mirage project, I strongly believe BRW has one of the most exciting exploration portfolios in Quebec."

Each unit consists of one common share of the corporation and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the corporation at a price of 35 cents per warrant share for a period of 36 months.

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.

In connection with the offering, the corporation paid finders' fees to arm's-length third parties in an aggregate amount of $278,200 and issued 490,000 non-transferable finder warrants. Each finder warrant is exercisable to purchase one common share of the corporation at a price of 25 cents per finder warrant share for a period of 24 months. The finder warrants are subject to a restriction period of four months and one day pursuant to applicable Canadian securities laws.

The offering was completed 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 units offered under the listed issuer financing exemption are not subject to resale restrictions in Canada pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the corporation's profile on SEDAR+ and on the corporation's website.

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 (lithium dioxide).

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