Mr. Killian Charles reports

BRUNSWICK EXPLORATION ANNOUNCES CLOSING OF PRIVATE PLACEMENTS FOR AGGREGATE PROCEEDS OF $3.34 MILLION

Brunswick Exploration Inc. has closed its previously announced non-brokered private placements for aggregate gross proceeds of $3,342,695, consisting of the issuance of: (i) 6,142,401 units of the corporation at a price of 17.5 cents per unit, for gross proceeds of $1,075,170; and (ii) 11,337,625 Canadian flow-through shares of the corporation, at a price of 20 cents per flow-through share, for gross proceeds of $2,267,525.

Each unit consists of one common share of the corporation and one-half of one common share purchase warrant of the corporation. Each warrant entitles the holder thereof to acquire one common share at a price of 23 cents for a 24-month period following the closing date of the offerings.

The net proceeds from the offerings are expected to be used by the corporation for the exploration of the Quebec, New Brunswick and Nova Scotia properties as well as general corporate purposes.

In connection to these offerings, the corporation paid cash finders' fees of $41,726.

The insiders' participation for $105,000 is exempt from the formal valuation and minority shareholder approval requirements provided under Regulation 61-101, Protection of Minority Security Holders in Special Transactions, in accordance with sections 5.5(a) and 5.7(1)(a) of Regulation 61-101. The exemption is based on the fact that neither the fair market value of the private placements nor the consideration paid by such insiders exceeds 25 per cent of the market capitalization of Brunswick Exploration.

The offerings were carried out pursuant to prospectus exemptions of applicable securities laws and are subject to final acceptance by the TSX Venture Exchange. All securities issuable pursuant to the offerings are subject to a statutory four-month hold period expiring on Sept. 18, 2022, and Sept. 21, 2022, in accordance with applicable securities legislation.

As a result of the offerings, 148,861,738 common shares of the corporation are issued and outstanding.

About Brunswick Exploration Inc.

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

We seek Safe Harbor.