Brunswick fully owns Mirage project

Executive Summary

• Brunswick Exploration acquired 100 % ownership of eight mining claims at the Mirage project from Osisko Baie James under a purchase and sale agreement dated August 15, 2025.
• In exchange for terminating its option to acquire a 90 % undivided interest in the Plex property, Brunswick will receive $1 million from Osisko Baie James upon publication of a technical report confirming at least one million ounces of gold resources.
• The company granted 821,425 deferred share units (DSUs) to its non‑executive directors at a fair market value of C$0.14 per unit, vesting in one year and substituting for board fees.

Key Details

• Ownership Consolidation: Brunswick now holds 100 % of the mining claims covering the Mirage project (eight claims).
• Purchase & Sale Agreement: Executed on August 15, 2025 with General Partnership Osisko Baie James.
• Option Renunciation: Brunswick relinquished its option to acquire a 90 % undivided interest in the Plex property per a third amendment dated the same day.
• Compensation for Option Termination: Osisko Baie James will pay Brunswick $1,000,000 within 30 days after the first publication of a technical report (NI 43‑101) demonstrating ≥ 1 million oz gold in measured, indicated and/or inferred resources.
• Deferred Share Units Grant: 821,425 DSUs issued to non‑executive directors under the corporation’s deferred share unit plan; valued at C$0.14 each; vesting one year from grant date; issued in lieu of board fees.

Notable Quotes

(No direct quotes were provided in the release.)