Brunswick Resources Announces Effective Date of TSXV Voluntary Delisting

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN./

TSX.V: BRU.H

ROUYN-NORANDA, QC, Aug. 10, 2021 /CNW/ - Brunswick Resources Inc. (TSXV: BRU.H) ("Brunswick" or the "Corporation") today announces that further to its news release dated November 17, 2020, the Corporation's voluntary delisting from the TSX Venture Exchange will be effective at the close of business August 12, 2021 (the "Effective Date").

Following the Effective Date, Brunswick expects to complete the transaction with Poko Group Ltd. (the "Transaction") on or about August 13, 2021 and it is expected that the resulting issuer's common shares (the "Shares") will be listed and begin to trade on the Canadian Securities Exchange (the "CSE") on or about August 18, 2021.

The delisting has been approved by the majority of the minority of the Corporation's shareholders at the annual general and special meeting of the shareholders of the Corporation held on February 24, 2021.

Additional Information Regarding the Proposed Transaction

Further details of the Transaction will be included in a subsequent press release and other disclosure documents to be filed by Brunswick in connection with the Transaction.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Brunswick should be considered highly speculative.

There can be no assurance that the Transaction will be completed as proposed or at all.

About Brunswick resources Inc.

Brunswick is a mineral exploration Corporation with an interest in the Lac Irene property, located in the Province of Quebec, with its head office in Rouyn-Noranda. Brunswick is a "reporting issuer" in the provinces of British Columbia, Alberta, Saskatchewan and Ontario.

Other Information

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release."

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 RELEASE.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the closing of the Transaction and the listing of the Shares to the CSE. These forward-looking statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements and are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions, expectations of future developments and other factors which management believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and, accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include, but are not limited to, failure to obtain final approval of the CSE for the listing of the Shares, and other factors beyond the Corporation's control, as well as the risks and uncertainties which are more fully described in our annual and quarterly management's discussion and analysis and in other filings made by the Corporation with Canadian securities regulatory authorities under the Corporation's profile at www.sedar.com. The Corporation disclaims any obligation to update or revise any forward-looking information or statements except as may be required by applicable laws.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Corporation and management, as well as financial statements.

SOURCE Brunswick Resources Inc.