Brunswick Exploration Consolidates Mirage Ownership

Company Overview - Brunswick Exploration Inc. is a Montreal-based mineral exploration company focused on grassroots exploration for lithium in Canada, which is essential for global decarbonization and energy transition [5]. Recent Developments - Brunswick Exploration has consolidated its ownership of eight mining claims at the Mirage project, now owning 100% of these claims following a purchase agreement with General Partnership Osisko Baie James dated August 15, 2025 [1]. - To facilitate this acquisition, Brunswick has renounced its option to acquire a 90% undivided interest in the Plex property, as per the third amendment to the option agreement with Osisko Baie James on the same date [2]. - As part of the termination of the Plex Property Option, Osisko Baie James will pay Brunswick Exploration $1,000,000 within 30 days of the publication of a technical report that presents a minimum of 1 million ounces of gold in measured, indicated, and/or inferred resources [3]. Shareholder Compensation - The company has granted 821,425 deferred share units (DSUs) to its non-executive directors in lieu of board fees, with a fair market value of $0.14 per DSU, vesting one year from the grant date [4].