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Brunswick Exploration Lauches Phase 2 Drilling at Anatacau Lithium Discovery

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Brunswick Exploration (OTCQB: BRWXF) has launched a Phase 2 drill program at the Anatacau Main Project, targeting expansion of the Anais lithium discovery after a prior intercept of 120 m at 1.31% Li2O. The program plans ~2,500 metres across 12 inclined holes to test strike and depth along a regional NNW–SSE deformation corridor linked to Rio Tinto’s Galaxy Project.

The Anais pegmatite now exceeds 250 m strike, reaches a vertical depth of 115 m and shows an apparent maximum thickness of 47.2 m; results are expected in early Q2 2026.

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Positive

  • 120 m @ 1.31% Li2O previous intercept
  • Planned 2,500 m Phase 2 drill program (12 holes)
  • Anais pegmatite extended to 250 m strike and 115 m depth
  • Apparent pegmatite thickness of 47.2 m at widest point

Negative

  • No resource estimate yet; results pending in early Q2 2026
  • Phase 2 program modest at 2,500 m, may be insufficient to define a resource immediately

News Market Reaction

+5.03%
1 alert
+5.03% News Effect

On the day this news was published, BRWXF gained 5.03%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MONTREAL, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Company”) is pleased to announce that it has restarted drilling at the Anatacau Main Project, located in the Eeyou-Istchee James Bay region of Quebec. The drill program will aim to expand the Anais lithium discovery following a previous intercept of 120 meters at 1.31% Li₂O. Strategically located 22 kilometers east and along strike of Rio Tinto’s Galaxy Project and Brunswick’s Anatacau West Project, the Anatacau Main Project sits within a proven lithium-bearing structural corridor, offering significant potential for continued growth.

Mr. Killian Charles, President and CEO of BRW, commented: “I am extremely pleased to begin our significant 2026 exploration program at Anatacau Main and the Anais discovery. The drilling released in November last year from Anatacau was among the highest grade and longest lithium intercept released globally in 2025. It speaks to a highly promising project and to Brunswick’s exciting portfolio which includes the Mirage project, our Greenlandic lithium asset, Nuuk Lithium and our new Saudi Arabian lithium portfolio. Results from the campaign will be released as rapidly as possible in early Q2. Following drilling at Anatacau, Brunswick expects to begin prospecting in Saudi Arabia and an exploration program at Mirage.”

Figure 1: Anatacau Main Project Location

Anatacau Main Project Location

Anatacau Phase 2 Drilling Overview

Brunswick Exploration is set to complete approximately 2,500-metre drill program consisting of 12 inclined holes averaging 200 meters each. The first three holes are designed to aggressively expand the Anais showing, where mineralization has been intersected in all previous holes and remains open at depth and along strike in all directions.

The largest pegmatite observed at the Anais showing has now been extended to over 250 meters in strike length and to a vertical depth of 115 meters with an apparent thickness of 47.2 meters at its widest point. The main pegmatite dyke is interpreted to be dipping 85 degrees to the West. Several other, well-mineralized stacked pegmatite intervals were also intercepted in all holes, demonstrating the potential for more dyke discoveries in the vicinity of the outcrop.

The mineralized dykes at Anatacau are controlled by a major northwest–southeast (NNW–SSE) deformation corridor, exhibiting structural control highly comparable to those observed at the Galaxy deposit. Importantly, this regional structure appears to form a continuous corridor linking the Galaxy and Anais lithium discoveries underscoring the scale and opportunity of this emerging system. The following nine holes will test the deformation corridor to the East for further mineralized pegmatites.

Qualified Person

The scientific and technical information related to this press release has been reviewed and approved by Mr. Francois Goulet, Manager Quebec. He is a Professional Geologist registered in Quebec.

About Brunswick Exploration Inc.

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada, Greenland and Saudi Arabia underpinned by its Mirage project, one of the largest undeveloped hard-rock lithium Inferred Mineral Resource Estimate in the Americas, with 52.2Mt grading 1.08% Li2O.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@BRWexplo.com)

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/889f6db9-d4b0-4526-a9ea-7f2f691ce13f


FAQ

What is Brunswick Exploration (BRWXF) drilling at Anatacau in February 2026?

Brunswick is conducting a Phase 2 drill program of about 2,500 metres across 12 inclined holes. According to the company, the first three holes will aggressively expand the Anais showing and the remaining nine will test the deformation corridor to the east.

What were the key results that prompted BRWXF to restart drilling at Anatacau?

A prior hole intersected 120 metres at 1.31% Li2O, prompting follow-up drilling. According to the company, that intercept was among the highest-grade and longest lithium intercepts globally in 2025.

How large is the Anais pegmatite reported by Brunswick (BRWXF)?

The Anais pegmatite now exceeds 250 metres in strike and reaches 115 metres vertical depth. According to the company, the widest apparent thickness measured is 47.2 metres.

When will BRWXF release results from the Anatacau Phase 2 program?

Brunswick expects to release drill results in early Q2 2026. According to the company, results from the campaign will be released as rapidly as possible once assays are available.

How does the Anatacau system relate to Rio Tinto’s nearby Galaxy project for BRWXF investors?

Anatacau sits about 22 km east and along strike of the Galaxy project within a continuous NNW–SSE corridor. According to the company, the regional structure links Galaxy and Anais, underscoring corridor-scale potential.
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