The TSX Venture Exchange has accepted for filing documentation relating to an option agreement between Brunswick Exploration Inc. and an arm's-length party. The agreement allows the company to acquire a 100-per-cent interest in three claims located in Saskatchewan over a period of two years for payments totalling $70,000 that may be paid in cash or shares, at the option of the company, and $100,000 in work expenditures. Therefore, a maximum of 84,336 shares, at 83 cents per share, may be issued.

Two additional payments of $250,000 each will be made by the company (i) upon filing of a National Instrument 43-101 resource estimate and (ii) upon filing of an NI 43-101 preliminary economic assessment. Such payments may be made in cash or shares, at the company's option. Should the company issue shares, a maximum of 602,410 additional shares would be issued.

The vendor will retain a 2-per-cent NSR (net smelter return) royalty. The company may purchase half of the royalty for $1-million.

For further details, please refer to the company's news release dated March 20, 2023.