Brunswick Exploration to Begin a Lithium Exploration Initiative in the Kingdom of Saudi Arabia

Rhea-AI Summary

Brunswick Exploration (OTCQB: BRWXF) announced it has been awarded an exploration license in the Kingdom of Saudi Arabia to begin a country-wide systematic hard-rock lithium program. The license covers 8,467 ha located ~150 km from Buraydah and ~450 km east of Riyadh and was selected for preferred geology, geochemistry, and satellite imagery.

The license is awarded pending final government approval; BRW plans a prospecting campaign in H1 2026. The company also expects a maiden resource at Mirage in early Q1 2026 and has planned an inaugural Greenland drill program in 2026.

Positive

• 8,467 ha exploration license awarded in Saudi Arabia
• Maiden resource at Mirage expected early Q1 2026
• Prospecting campaign planned to start in H1 2026 enabling year-round activity

Negative

• Exploration license is pending final government approval
• No current mineral resource; maiden resource is expected (not yet reported)

MONTREAL, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Company”) is pleased to announce that it has identified the Kingdom of Saudi Arabia (the “KSA” or “Saudi Arabia”) as highly prospective for lithium exploration. To support this new initiative and as an initial entry step into the country, BRW was awarded an exploration license in Saudi Arabia. BRW is the first hard-rock lithium company to outline and embark on a country-wide systematic exploration program in Saudi Arabia. This complements the Company’s highly successful efforts in Canada, where a maiden resource for the Mirage project is expected in early Q1 2026 and in Greenland, where an inaugural drill program is planned for 2026.

Mr. Killian Charles, President and CEO of BRW, commented: “Following the completion of our grassroots campaign in Greenland, we have continuously sought to utilize and leverage our unique lithium exploration expertise and Saudi Arabia is an under-explored jurisdiction for lithium with exceptional potential.”

“Importantly, prospecting in Saudi Arabia is preferentially executed during the seasonally colder months in Canada and Greenland, allowing BRW to generate prospecting results twelve months of the year. The team is currently planning a prospecting campaign which will commence in H1 2026. This program, in addition to our forthcoming MRE at Mirage, our new discovery neighboring Rio Tinto’s Galaxy project and our future work in Greenland, promises an exciting start to the year for Brunswick Exploration.”

Exploration License

The Exploration License has been awarded pending final government approval, while the Company completes the administrative requirements to conduct exploration in the country. The license area is located roughly 150 km from the city of Buraydah and roughly 450 km east from Riyadh, the capital city of Saudi Arabia. The claim area is easily accessible by major highways and has smaller roads throughout the property. The license was selected based on preferred geology, geochemistry, and interpreted satellite imagery for a total license area of 8,467 ha.

Saudi Arabia Fundamentals

Saudi Arabia has a long mining history with well-established mining laws and strong government funding. With a supportive and pro-mining government, favorable geology, great outcrop exposure, and exceptional road access in a region of little to no historic hard rock lithium exploration, this presents a fantastic opportunity for BRW.

Saudi Arabia is actively establishing itself as a major lithium processing hub to support Middle Eastern demand. This foresight is part of the KSA's larger program known as Saudi Vision 2030, which includes developing its resources outside of the oil and gas industry. Overall, KSA is a well-established mining jurisdiction with prominent major and junior mining companies such as Barrick, Ivanhoe Electric, Tinka Resources, and Power Metallic actively exploring there.

Qualified Person

The scientific and technical information related to this press release has been reviewed and approved by Mr. Charles Kodors, Manager, International Projects. He is a Professional Geologist registered in New Brunswick and Quebec.

About Brunswick Exploration

BRW is a Montreal-based mineral exploration company focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The Company is rapidly advancing its extensive portfolio of grassroots lithium properties and projects in Quebec (Mirage and Anatacau), Greenland (Nuuk Lithium) and the Kingdom of Saudi Arabia.

Investor Relations/information

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

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 Company’s public documents filed on SEDAR at www.sedar.com. Although the Company 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 Company 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.

FAQ

What did Brunswick Exploration (BRWXF) announce about Saudi Arabia on November 24, 2025?

Brunswick said it was awarded an 8,467 ha exploration license in Saudi Arabia to begin a hard-rock lithium program, pending final government approval.

When will Brunswick (BRWXF) start prospecting in Saudi Arabia?

The company plans to commence a prospecting campaign in H1 2026.

How large is Brunswick's Saudi Arabia license and where is it located?

The license covers 8,467 ha, located about 150 km from Buraydah and 450 km east of Riyadh.

Does Brunswick (BRWXF) have a confirmed resource from the Saudi license?

No; the license is for exploration and the company has not reported a resource from Saudi Arabia.

What near-term milestones did Brunswick (BRWXF) disclose for 2026?

Brunswick expects a maiden resource at Mirage in early Q1 2026 and plans prospecting in Saudi Arabia in H1 2026, plus a Greenland drill program in 2026.

Is Brunswick’s Saudi exploration license fully approved?

The press release states the license was awarded pending final government approval while administrative requirements are completed.