Mr. Killian Charles reports

BRUNSWICK EXPLORATION EXPANDS LITHIUM EXPLORATON INTO NEWFOUNDLAND AND ANNOUNCES PURCHASE AGREEMENT IN NOVA SCOTIA

Brunswick Exploration Inc. has staked multiple claim groups in southern Newfoundland, comprising three different project areas located between the communities of Port aux Basques and Rencontre East, Newfoundland.

The total package comprises nine licences and 1,327 claims with a total surface area of 33,093 hectares located near the areas of Port aux Basques, Hermitage and Rencontre East. The properties contain over 40 mapped S-type pegmatites that have seen no exploration for lithium. Claims were staked based on preferred geologic environments, government of Newfoundland till and rock samples, historical mapping, and assessment reports. The project areas are also in close proximity to the Avalonia/Ganderia boundary that extends from Piedmont Lithium in the Carolinas to the Cornish Tin region in the United Kingdom.

Killian Charles, president of Brunswick Exploration, commented: "Our targeting formula for systematic lithium and tin exploration has highlighted the opportunity to further expand into Eastern Canada. Newfoundland is regarded as highly supportive jurisdiction for exploration and mining in the world and the recent discovery of lithium-bearing pegmatites highlights the untapped potential for critical mineral exploration in a province that has been historically focused on orogenic gold, iron ore and base metals. Our initial exploration program in Newfoundland will focus on prospecting and till sampling, which are expected to begin in Q3 2022."

Nova Scotia purchase agreement

In addition to the claim package already staked in Nova Scotia (see March 22, 2022, press release), Brunswick Exploration has acquired an additional property by way of a purchase agreement. The property is adjacent to Brunswick Exploration's land package and is located near New Ross, N.S. The property was strategically acquired to assess the potential of historical showings discovered from the 1890s to 1960s containing anomalous lithium and tin in diamond drill holes, grab and soil samples in areas of greisen and pegmatitic dikes. The company will be relogging historical core stored at the government core storage facility in Stellarton, expanding historical soil sampling grids, and will be applying for permits to trench and/or drill test the anomalous results. Prospecting and soil sampling are scheduled for Q3 2022.

This property contains 60 claims, representing 971 hectares, that was purchased from a local prospector. The purchase allows the company to acquire a 100-per-cent interest in the property for a total consideration of $15,000 in cash and 100,000 shares upon closing of the formal agreement.

Brunswick Exploration has also granted a 2-per-cent net smelter return on the licence in the purchase agreement. The first half (1 per cent) of the NSR may be repurchased upon payment of $1-million from Brunswick Exploration to the seller. The second half (1 per cent) of the NSR may be repurchased upon payment of $2-million.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Charles Kodors, manager, Atlantic Canada, of Brunswick Exploration. He is a professional geologist registered in New Brunswick, Nova Scotia, Quebec and Newfoundland.

About Brunswick Exploration Inc.

The company is a Montreal-based mineral exploration venture listed on the TSX Venture Exchange under symbol BRW. The company is focused on grassroots exploration for metals necessary to decarbonization and energy transition with a particular focus on lithium, tin and copper. The company is focused on rapidly advancing the most extensive grassroot lithium exploration claim package in Eastern Canada.

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