Mr. Killian Charles reports

NEW LITHIUM TARGETS IN EASTERN GREENLAND IDENTIFIED BY BRUNSWICK EXPLORATION

As compilation work by the Brunswick Exploration Inc. team continues, the company has identified new high-potential areas in Greenland and has proceeded to immediately apply for a mineral licence covering these targets. Brunswick Exploration is the only company delineating the lithium potential of the country.

Killian Charles, president and chief executive officer of Brunswick Exploration, commented: "I am particularly pleased to continue expanding our portfolio in a country which has significant untapped exploration potential. Our Greenland lithium portfolio benefits from cost-effective exploration programs with little to no overburden, allowing for rapid testing similar to our first Greenlandic lithium discovery in late 2024.

"Furthermore, as we continue to outline and expand the lithium potential of Greenland, we are confident any future spodumene concentrate can reach both North American and European markets by boat without requiring transportation by more expensive truck or rail infrastructure. With our current land position in western and eastern Greenland, we now have hundreds of staked and untested targets across Greenland and are very excited about our 2025 exploration campaign.

"We are also progressing aggressively through our drill targets at our Mirage project and first results are expected in the coming weeks."

Hinksland licence

The new licence contains five blocks and is located roughly 240 kilometres from the community of Ittoqqortoormiit and roughly 200 kilometres from the airstrip in Nerlerit. Ittoqqortoormiit is a coastal community (with a helicopter pad) that is home to roughly 300 people. The licence is a mix of Mesoproterozoic metasediments and the Archean Rae craton that extends from the western coast, where Brunswick Exploration's Uummannaq project is located. In eastern Greenland, the Rae craton has been reworked by the Caledonian orogeny, which extends southeast to the Leinster lithium district of Ireland, continues southwest to Newfoundland's Killick lithium project and extends to the Carolinas lithium region in the United States.

The licence is also located 110 kilometres from the Malmberg molybdenum project that is nearly through the process of obtaining an exploitation licence as it seeks to transition from development to mining.

The new licence blocks have over 50 mapped and interpreted pegmatite outcrops, including nine that are between 500 and roughly 10,000 metres in strike length, for a total new licence area of roughly 17,800 hectares. The licence and surrounding area contain key geologic markers for Brunswick Exploration, including a two-mica granite and ultramafic rocks. Licence applications have been submitted and are awaiting government final approval.

Brunswick Exploration plans to visit this new region in 2025 and would also like to thank Xploration Services Greenland AS for its assistance with licence applications and various logistics for the 2025 season.

Clarification regarding December, 2024, private placement

There was a discrepancy in a news release of the corporation dated Dec. 20, 2024, regarding the private placement that closed on the same date. The news release reported that $170,872.79 was paid to finders in relation to the private placement. The accurate amount should have been $169,262.79. Additionally, the number of shares subscribed by insiders in connection with the private placement is 1,977,000 (or 3,539,501 when including shares purchased by an insider as a final purchaser of charity flow-through shares), rather than the previously stated 2,887,501 shares.

Qualified person

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

About Brunswick Exploration Inc.

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX Venture Exchange under the symbol BRW. The company is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing one of the extensive grassroots lithium property portfolios in Canada and Greenland, including the Mirage project.

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