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BRW.V ·

Brunswick Exploration Received $1.15 Million from Warrant Exercises

Share Capital & Compensation

BRUNSWICK EXPLORATION RECEIVED $1.15 MILLION

FROM WARRANT EXERCISES

Montreal, Québec – October 4, 2022 – Brunswick Exploration Inc. (“BRW” or the “Company”)

is pleased to provide an update on the outcome of the exercise of the Company's warrants that

expired on September 30, 2022.

A cumulative total of 5,735,000 warrants were exercised (at $0.20 per warrant), generating

aggregate proceeds of approximately $1.15 million. After giving effect to the warrant exercises,

as at October 4, 2022 the Company has 160,567,881 common shares issued and outstanding.

Mr. Killian Charles, President of BRW, commented: “Brunswick Exploration continues to gather

momentum and is now well positioned to capitalize on its multiple exploration opportunities in

Quebec, Atlantic Canada and, with the recent acquisition of lithium pegmatites near Hearst, in

Ontario.”

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 grassroots exploration for metals necessary to

decarbonization and energy transition with a particular focus on lithium. The company is focused

on rapidly advancing the most extensive grassroot lithium exploration claim package in Canada.

Investor Relations/information

Mr. Killian Charles, President ([email protected])

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.