Brunswick Announces Closing of Private Placements F OR Aggregate Proceeds of $3.325 Million

BRUNSWICK EXPLORATION INC.

BRUNSWICK ANNOUNCES CLOSING OF PRIVATE PLACEMENTS F OR

AGGREGATE PROCEEDS OF $3.325 MILLION

Montreal, October 1, 2020 – Brunswick Exploration I nc., formerly Komet Resources Inc.

(“ Brunwick ” or the “ Corporation ”) is pleased to announce that it has closed its pr eviously

announced non-brokered private placements for aggre gate gross proceeds of $3.325 million,

consisting of the issuance of (i) 12,500,000 units of the Corporation (each, a " Unit ") at a price of

$0.13 per Unit, for gross proceeds of $1.625 millio n and (ii) 10,000,000 flow-through shares of the

Corporation (the “ FT Shares ”), at a price of $0.17 per FT Share, for gross pro ceeds of $1.7 million

(collectively, the " Offerings ").

Each Unit consists of one common share of the Corpo ration (each, a " Common Share ") and one-

half of one common share purchase warrant of the Co rporation (each whole warrant, a " Warrant ").

Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.20 for a 24-

month period following the closing date of the Offerings.

The net proceeds from the Offerings are expected to be used by the Corporation for the exploration

of newly acquired Québec properties ($1.7 million), as well as general corporate purposes ($1.625

million).

In connection to this Offerings, the Corporation paid cash finders fees of $49,323.

The Offerings were carried out pursuant to prospect us exemptions of applicable securities laws and

are subject to final acceptance by the TSX Venture Exchange. All securities issuable pursuant to the

Offerings are subject to a statutory 4-month hold p eriod from closing in accordance with applicable

securities legislation.

As a result of the Offerings, 117,287,368 common sh ares of the Corporation are issued and

outstanding.

About Brunswick

The Corporation is a Montreal-based mineral explora tion corporation listed on the TSX-V under

symbol KMT. It has put its African assets for sale and is now focused on exploration and

development of gold and base metal properties in Eastern Canada. The Corporation’s name change

to “Brunswick Exploration Inc.” was approved at the annual meeting of shareholders on September

15, 2020. The Corporation will trade under the symb ol TSX-V: BRW effective at market open on

October 6, 2020.

Investor Relations/information

Mr. Robert Wares, Chairman and interim President ( [email protected] ).

Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.