Brunswick Exploration Announces Start of 2021 Exploration Campaign

MONTREAL, April 20, 2021 (GLOBE NEWSWIRE) — Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce the start of its 2021 exploration programs across its portfolio of projects in Quebec and New Brunswick, Canada.

New Brunswick

  • Fundy Gold (Gold-Silver-Copper): BRW has assembled a field team of experienced prospectors to further investigate the very encouraging gold-in-soil anomalies, including 16,200 ppb Au (see news release dated March 16th) in the Roger’s Lake area. The 2021 prospecting program will cover the entire property over the coming months. BRW is also commencing a five hundred metre spaced regional till survey in May to further refine areas of interest across its entire 53,000 hectares of mineral claims.
  • Bathurst Mining Camp (Zinc-Lead-Copper-Silver): A newly-interpreted lithological model of the prolific Brunswick Belt from Brunswick No.12 to Gilmour South is nearly complete (Figure 1). This interpretation has identified 8 kilometres of unexplored Brunswick Belt along strike from the past-producing Brunswick No.6 mine. BRW will drill test this newly identified extension as well as some coincident Titan 24 geophysical anomalies in H2 2021.

Quebec

  • Lac Édouard (Nickel-Copper-Cobalt): Drilling is expected to begin in June for a minimum of 3,000 meters to test the mineralized system along strike and down dip of the historical massive sulfide zone. Prospecting has begun across the entire property to follow up on several unexplained nickel geochemical anomalies.
  • Waconichi (Zinc-Copper-Silver VMS): An airborne gravity gradiometry survey has just been completed. The survey will allow BRW to filter out selected airborne electromagnetic targets for drilling in H2 2021.

Mr. Killian Charles, President of BRW, commented: “Following the highly encouraging results from our 2020 field program at Fundy Gold, we are excited to begin rigorous prospecting and a regional till survey throughout our extensive land package. Furthermore, with drilling planned at both Lac Édouard and the Bathurst Mining Camp, we expect the summer months to be very exciting for the Company. BRW intends to spend over $3.5M across its portfolio of assets and is fully financed to complete its 2021 exploration program.”

About Brunswick Exploration

The Company, formerly Komet Resources Inc., is part of the Osisko Group of companies and is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Company has sold its former African assets and is now focused on exploration and development of gold and base metal properties in Eastern Canada. Current projects include gold-polymetallic vein systems in Southern New Brunswick (Fundy Gold Project), base metals VMS in the Bathurst Camp in northern New Brunswick and in the Chibougamau region of Quebec (Waconichi), and the new Lac Édouard nickel-copper project in Québec.

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.