Brunswick Exploration

Overview

Brunswick Exploration (TSXV:BRW) has a diversified portfolio of highly prospective critical mineral properties in Canada. The company focuses on acquiring underexplored grassroots lithium projects with upside potential.

Brunswick Exploration recently expanded its lithium portfolio with its acquisition of 1,327 claims totaling 33,093 hectares in southern Newfoundland and 60 claims totaling 971 hectares in Nova Scotia. Additionally, the company completed its acquisition of pegmatite fields in the James Bay region of Quebec, which increased its holding in the area to approximately 810 claims totaling 42,892 hectares. Brunswick Exploration has also acquired 60 claims totaling 26,318 hectares containing lithium-bearing pegmatites near Hearst, Ontario.

Brunswick Exploration's notable projects include Pontiac Lithium and North Shore Lithium in Quebec, the NS Critical Minerals package in Nova Scotia, as well as the Catamaran property, Fundy Gold and Bathurst Mining Camp, all in New Brunswick.

Most recently, the company has staked multiple claims at the highly prospective regional lithium projects in Saskatchewan and Manitoba. The claims include 135 outcropping, untested S-type pegmatites, measuring between 500 and 14,500 meters in strike length, over a surface area of 81,288 hectares. Brunswick Exploration projects in Saskatchewan and Manitoba now include the Trans-Hudson and Lake Athabasca projects in Saskatchewan, and the Lynn Lake property in Manitoba.

Brunswick Exploration recently announced the start of the largest grassroots lithium exploration program in Eastern Canada, targeting several of its promising lithium assets, including the Pontiac project, the North Shore project, the Catamaran Projects and the SMB project in Nova Scotia.

The company's exploration team is led by Robert Wares, founder of the Osisko Group of Companies. Wares is an established and award-winning professional geologist with over 35 years of experience in mineral exploration and development. Wares has a proven track record of world-class discovery, including the Canadian Malartic bulk tonnage gold mine, which later became one of the largest-producing gold mines in Canada.

Company Highlights

• Brunswick Exploration is focused on exploring and developing a diversified portfolio of highly prospective critical minerals projects in Canada. The company continually evaluates new acquisitions to expand its portfolio of underdeveloped lithium assets.
• The company's Quebec-critical mineral projects include the Pontiac Lithium project, the North Shore lithium project and the James Bay lithium portfolio.
• Brunswick Exploration recently announced the start of the largest grassroots lithium exploration program in AtlanticCanada, targeting several of its promising lithium assets.
• Brunswick Exploration has also acquired 60 claims totaling 26,318 hectares containing lithium-bearing pegmatites near Hearst, Ontario.
• The company has staked multiple claims in the highly prospective lithium projects in Saskatchewan and Manitoba, covering an area of more than 81,000 hectares.
• Brunswick Exploration's management team includes Robert Wares, founder of Osisko Mining.
• The company completed its acquisition of additional pegmatite fields in the James Bay region of Quebec, increasing its holding to approximately 810 claims totaling 42,892 hectares

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Atlantic Canada Grassroots Lithium Portfolio

The combined critical metals land package in New Brunswick and Nova Scotia includes 2,000 claims covering over 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. In addition, the company recently expanded its lithium portfolio with its acquisition of 33,093 hectares in southern Newfoundland and 971 hectares in Nova Scotia.

Project Highlights:

• SMB Nova Scotia Critical Metals Project: 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 two-kilometer spacing over areas underlain by multiple Devonian granitoids of the SMB as well as Cambrian Meguma sediments. The government database's till and rock samples returned highly anomalous lithium and tin values. It is important to note that the East Kemptville Tin mine and the Brazil Lake lithium deposit are close to the SMB.
• New Brunswick Catamaran Lithium Project: The Properties comprise eight claims and 1,821 units with a total surface area of 40,363 hectares. They are located roughly 30 kilometers southeast of Plaster Rock and roughly 30 kilometers east of Florenceville-Bristol. Including previously staked ground, the property is host to over 60 pegmatites that have seen little to no exploration work. Till samples collected by the Government of New Brunswick were taken at roughly two-kilometer spacing and are underlain by pegmatitic granites and gneissic to migmatitic sediments from the Devonian and Ordovician. Highlights from the survey include an 11-kilometer till anomaly containing nine samples between 53 to 103 ppm of lithium, neighboring known beryllium and pegmatite occurrences.

Ontario Grassroots Lithium Projects

• Hearst Lithium Project: Located roughly 15 kilometers south of Hearst, Ontario, the newly acquired asset includes 226 claim blocks with a total surface area of 29,805 hectares. Brunswick Exploration staked its claims based on its preferred geologic environments and historical mapping, which indicated minimal historic exploration. In addition, the Hearst package includes an option on the Lowther Pegmatite property, containing an additional 251 hectares of underexplored pegmatite formations.

Quebec Grassroots Lithium Projects

Brunswick Exploration has continually expanded its land holdings in Quebec by targeting underexplored assets with ideal geologic formations that meet the company’s criteria. The Quebec lithium projects include three notable districts, each containing prospective assets for future exploration.

Project Highlights:

• Pontiac Project: The underexplored asset is in close proximity to Val-d’or, Rouyn and Malartic in Abitibi. The Pontiac project contains major S-type pegmatites known to contain lithium, meeting the company’s geologic criteria. The project is part of the company’s new exploration campaign to identify potential lithium deposits.
• James Bay Project: The newly acquired project is located in a region known for hard rock lithium deposits. The James Bay Project included 810 claims totaling 42,892 hectares. The project contains four deposits with defined resources, multiple spodumene showings, and nearby recent lithium discoveries.
• North Shore Lithium Project: Brunswick Exploration has identified approximately 30 pegmatite dykes and sills on its North Shore Lithium Project, with a minimum strike length of 1,200 meters and dozens of smaller pegmatite dykes. The longest pegmatite identified through satellite imagery and geological compilation measures approximately 14 kilometers in strike length. None of the pegmatites on the North Shore Lithium Project have seen exploration for lithium, and all consist of S-type pegmatites containing any combination of indicator minerals, including muscovite, garnet, tourmaline and beryl. Lithium-bearing LCT pegmatites are metal-enriched S-type pegmatites that may also contain cesium, tantalum, beryllium and tin mineralization. Brunswick Exploration will begin a prospecting campaign in this area in late Q3 2022, first focusing its efforts on the previously-disclosed Pontiac Lithium Project.

Management Team

Robert Wares - P. Geo Chairman and CEO

Robert Wares is a professional geologist with over 35 years of experience in mineral exploration and development. He was responsible for discovering the Canadian Malartic bulk tonnage gold mine, which was subsequently developed by Osisko Mining Inc. into one of Canada's largest gold producers. Among other awards, Wares was a co-winner of the Prospectors and Developers Association of Canada's "Prospector of the Year Award" for 2007. Wares was also named, together with John Burzynski and Sean Roosen, as "Mining Men of the Year" for 2009 by the Northern Miner. Wares also sits on the board of directors of Osisko Metals Inc. Wares has a bachelor of science and an honorary doctorate in Earth sciences from McGill University.

Killian Charles - President

From 2017 to 2021, Killian Charles worked as VP of corporate development for Osisko Metals. Charles was previously the manager of corporate development at Integra Gold Corp, which was an advanced-stage gold development company until it was acquired by Eldorado Gold in July of 2017. Before that, he worked as a mining analyst at Industrial Alliance Securities and Laurentian Bank Securities. Charles covered small and mid-cap exploration and production companies as a mining analyst. Charles holds a bachelor of science with a major in Earth and planetary sciences from McGill University.

Anthony Glavac - CFO

Anthony Glavac has over 17 years of experience in financial reporting, including over 12 years in the mining industry. Since August 2017, Glavac has served as vice-president, corporate controller for Falco Resources Ltd., and previously served as director, financial reporting and internal controls at Dynacor Gold Mines. Glavac spent 10 years at KPMG, working with both public and private companies, providing audit, taxation, strategic advisory and public offering services. Glavac is also involved with other public companies in the mining industry.