Brunswick Exploration Acquires Additional Lithium and Tin Properties in Nova Scotia

Maritimes Critical Minerals Claims

Maritimes Critical Minerals Claims

MONTREAL, March 22, 2022 (GLOBE NEWSWIRE) — Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce that it has staked multiple claim groups in west central Nova Scotia, totaling 115,837 hectares, all within the huge peraluminous South Mountain Batholith, located roughly 30 kilometers west of Halifax, Nova Scotia.

Mr. Killian Charles, President of BRW, commented: “We have further expanded our grassroot lithium portfolio with additional properties in Nova Scotia. Once more, we are the first to assemble comprehensive regional critical metals properties and we believe we have secured the best targets throughout the province. Nova Scotia is a great jurisdiction with a storied mining history and current operating mines. BRW has now secured a host of exciting targets in Quebec, New Brunswick and Nova Scotia and we continue to see multiple opportunities to expand our portfolio. Our Phase 1 exploration program will focus on prospecting and soil/stream sampling and is expected to begin in Q2 in all three provinces. We look forward to putting Eastern Canada on the map for critical metal exploration and discovery.”

The combined critical metals land package in New Brunswick and Nova Scotia (see map) includes 2000 claims covering a surface in excess of 150,000 hectares. This rapidly growing portfolio contains multiple historical showings and over 150 peraluminous pegmatite dykes coincident with lithium till and rock anomalies that have seen no exploration.

Nova Scotia Critical Metals Project Overview

The properties comprise 87 licenses and 6,524 claims with a total surface area of 105,624 hectares, located roughly 30 kilometers west of Halifax. The properties contain over 100 pegmatite dykes within the South Mountain Batholith (“SMB”) that have seen no exploration for lithium (spodumene mineralization). Government of Nova Scotia till samples were taken at roughly 2-kilometer spacing over areas underlain by multiple Devonian granitoids of the SMB as well as Cambrian Meguma sediments. Multiple till and rock samples from the government database returned highly anomalous lithium and tin values. It is important to note that the East Kemptville Tin mine (Rio Algom 1985 – 1992) and the Brazil Lake lithium deposit are within, or in close proximity to, the SMB.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Charles Kodors, Manager New Brunswick of Brunswick Exploration. He is a Profession Geologist registered in New Brunswick, Nova Scotia and Quebec.

About Brunswick Exploration

The Company is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Company is focused on grassroot 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.

Investor Relations/information

Mr. Killian Charles, President (info@BRWexplo.com)

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Cautionary Statement on Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ccc4e922-8af8-4c0a-98b5-595cb12aa185

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