Brunswick Exploration Announces AGM Results

Executive Summary

• Brunswick Exploration Inc. held its Annual General Meeting on June 11, 2026, resulting in routine board re-elections, new director appointments, and the departure of two outgoing directors.
• Shareholders reappointed Raymond Chabot Grant Thornton LLP as the company's auditor for the upcoming financial year.
• The company granted 572,289 Deferred Share Units (DSUs) to non-executive directors in lieu of board fees, with a grant price of $0.166 per unit and a one-year vesting period.

Key Details

• AGM Attendance: 88,315,188 common shares attended or represented by proxy, representing approximately 31.27% of the 282,392,131 common shares issued and outstanding.
• Board Re-elections: André Le Bel, Amy Satov, and Robert Wares were re-elected to the Board of Directors.
• New Board Appointments: Steven Bowles and Isabelle Cadieux joined the Board as newly elected directors.
• Board Departures: Pierre Colas and Jeffrey Hussey did not stand for re-election and ceased to be directors upon the close of the AGM.
• Auditor Reappointment: Raymond Chabot Grant Thornton LLP was reappointed as auditors for the ensuing financial year.
• DSU Grant Structure: 572,289 Deferred Share Units granted to non-executive directors in lieu of board fees.
• DSU Valuation & Vesting: Granted at a fair market value of $0.166 per DSU; vests one year from the grant date.

Notable Quotes

• Robert Wares, Chairman of the Board: “On behalf of the board and the Company, I would like to thank Mr. Hussey and Mr. Colas for their valuable contributions during their service as directors. I wish them well in their future endeavors.”