Systematically Staking Flagship Properties with Infrastructure Access

• Brunswick Exploration is one of the largest grassroot lithium exploration companies in the Americas, fully financed and launching a significant exploration campaign.
• Systematically exploring old pegmatites discovered in the 50s, 60s, and 70s across various regions in Canada for their lithium potential.
• The company's strategy is to identify large pegmatite targets (at least 500 meters in strike length) close to infrastructure, ensuring they have significant potential for lithium mining.
• There is a growing need for lithium due to the rise of green technologies and battery demand.

Lithium Exploration in Canada: Why Brunswick Could Be a Good Investment

Canada is home to untapped lithium resources that could help meet growing demand, and Brunswick Exploration is positioning itself to be a major player in unlocking this potential. With the largest lithium exploration portfolio in the Americas focused on hard rock deposits, Brunswick offers investors exposure to a massive resource and strategic advantage in a sector poised for growth.

Brunswick holds over 500,000 hectares of lithium exploration properties, concentrated primarily in Eastern Canada. This includes major flagship projects like Fundy in New Brunswick, Cat Lake in Manitoba, and Corridor in Quebec. President and CEO Killian Charles highlights that a systematic staking approach guided the portfolio construction, targeting known pegmatites that are large (500m+ strike length), proximal to infrastructure, and have never been tested for lithium potential before.

This infrastructure component cannot be understated for a bulk commodity like lithium. As Charles explains, "diamonds leave in a briefcase, gold in an armored truck, but for lithium, copper, nickel, zinc - I need infrastructure." Therefore Brunswick focused on known mineralized bodies close to roads, power, rail, and deep sea ports to ensure any discovery could be rapidly advanced.

The fact these pegmatites have never seen lithium exploration is also key. They were staked historically for tin, tantalum, tungsten and other metals, but lithium was never assayed. This gives Brunswick a first-mover advantage in assessing lithium prospectivity across its massive portfolio.

Three Phase Strategy: Stake, Filter, Drill

Brunswick's exploration strategy consists of three phases:

1. Systematic staking to identify and acquire targets
2. Filter targets and prioritize best lithium prospects
3. Drill out top properties

Phase 1 involves the initial staking, which is ongoing as new targets are identified. Charles emphasizes that this phase is extremely cost efficient, with the primary expenditure being helicopter time for field crews. Minimal upfront capital is required thanks to the infrastructure access and known mineralization.

Phase 2 takes the huge portfolio and rapidly filters it down by analyzing field observations. In a matter of hours, geologists can determine if a pegmatite will be barren or lithium-bearing based on visual spodumene or lepidolite occurrences. This allows Brunswick to discard unprospective ground and focus spending on priority targets.

Finally in Phase 3, Brunswick drills out the best targets to determine size and grade. Initial short programs of just 1,000-5,000m can delineate if a pegmatite has scale potential. Intercepts of high-grade mineralization over wide intervals (e.g. 30m grading 1.5% Li2O) would prove the existence of a world-class deposit.

Leveraging Massive Portfolio to Uncover District-Scale Discoveries

The breadth of Brunswick's portfolio provides a statistical advantage in the search for an economic lithium deposit. Charles argues that "every company will claim they hope to find a world-class asset, but few actually do because they are so rare." However, with over 500 targets, Brunswick has much higher odds. If each pegmatite has a 1 in 1,000 chance of being significant, 500 targets equate to 50%+ probability of a major discovery.

And one discovery is all it takes. Charles states finding just a single 50-100m wide pegmatite would justify a billion dollar valuation. Hence drilling is now focused on prospects with the best potential to be "company makers".

Recent initial results from Cat Lake drilling have already returned 30m intercepts of spodumene-bearing pegmatite. With assays pending, this indicates potential at just one of Brunswick's many prospects. Ongoing drilling underway at other projects aims to systematically test priority targets until a major discovery is made.

Financial Position and Partnership Flexibility

With approximately $19 million raised over the past year, Brunswick is fully funded for all currently planned exploration in 2022 and beyond. Disciplined spending to date means the company anticipates ending 2023 with ~$5 million still in the treasury.

This capital position allows Brunswick to control drill programs at wholly-owned properties and push the most promising discoveries forward itself. However, Charles also highlights the flexibility partnership deals or asset sales provide in extracting value:

• Joint ventures to advance secondary properties while retaining upside exposure
• Packaging projects regionally (e.g. Ontario portfolio) to sell to major producers
• Outright sale of non-core projects to crystallize returns

Partners are eager for lithium assets, with recent industry consolidation demonstrating intense competition for scarce projects globally. Brunswick's portfolio contains prime grassroots exploration targets majors urgently require. Hence the company is poised to monetize projects, while still retaining flagship properties for in-house development.

Timing is Right for Canadian Hard Rock Lithium Discoveries

The final component that makes Brunswick intriguing for investors is the timing. Charles describes lithium as an immature industry, particularly in Canada. Systematic exploration for lithium is just beginning, with known pegmatites never assayed before. In other metals like copper and gold, most near-surface, high-quality deposits have already been discovered after centuries of exploration.

Lithium provides a rare first-mover opportunity in a completely underexplored geography. Just as Australia's lithium domain saw major discoveries this past decade, Canada could replicate this success. Brunswick has positioned itself through smart staking to benefit as the next major lithium jurisdiction.

With strong cash balance, massive property portfolio, and disciplined strategy focused on discovery, Brunswick Exploration offers investors leverage to potentially ground-breaking Canadian lithium resources. The company's systematic approach also means investors are not reliant on a single prospect, but instead benefit from multiple discovery opportunities. For investors bullish on lithium demand and focused on new exploration frontiers, Brunswick warrants consideration.

The Investment Thesis for Brunswick Exploration

Leverage to Lithium Demand Growth

Lithium demand is projected to expand significantly in the coming decades driven by electric vehicle adoption and energy storage needs. Brunswick provides pure play exposure to ride this growth wave. As a first mover staking lithium prospective ground, success could lead to major value creation.

Massive Property Portfolio De-Risks Chance of Discovery

With over 500,000 hectares of land and 500+ targets, Brunswick has extensive optionality. Most junior explorers have just 1-2 assets. Brunswick's portfolio diversification significantly increases the odds of discovering an economic deposit. Just one discovery could drive exponential returns.

Systematic Exploration Strategy in Underexplored Domain

Canada has seen little prior lithium exploration, giving Brunswick a head start advantage. Adopting a systematic approach to stake, filter and drill target pegmatites maximizes potential for new discoveries in an untapped geography. Brunswick's exploration process is disciplined and methodical.

Strong Cash Position Funds Upcoming Catalysts‍

With approximately $19M raised over the past year, Brunswick has sufficient capital to fund all planned exploration activities. It anticipates ending 2023 with ~$5M remaining, putting it in a healthy financial position. Funded drill programs provide upside discovery potential.

Flexibility in Advancing or Monetizing Discoveries

Brunswick has the option to develop discoveries internally or extract value through JV partnerships and project sales. This flexibility allows adapting to market conditions and maximizing shareholder returns. The company can focus on flagship assets with sale of non-core properties.

Conclusion

In summary, Brunswick provides investors excellent leveraged exposure to rising lithium demand coupled with a vast portfolio of prospective exploration assets and systematic discovery program. The current financial and strategic position offers excellent discovery upside potential.