Brascan acquires Quebec-Li properties in the James Bay Region of Northern Quebec (Cree First Nation Eeyou Istchee James Bay) - Seite 2

Brascan believes that the occurrence of spodumene pegmatite occurring in similar rocks elsewhere in the James Bay region supports the prospectivity for lithium exploration of the new claims, but notes that no Qualified Person working for Brascan has been able to verify the reported occurrences, and the information is not necessarily indicative of the mineralization on Brascan’s property.

Brascan intends to initiate an exploration program immediately, beginning with a comprehensive compilation of geological geochemical and geophysical data, followed by detailed multi-spectral and image analysis to identify targets, and then target evaluation, prospecting and geological mapping once the snow melts this spring. Priority targets will be sampled and when warranted drill tested in the fall of 2023.

Balbir Johal, CEO of Brascan, said “The acquisition of several claim blocks in James Bay, Quebec collectively known as the Quebec-Li properties represent Brascan's focused strategy to advance exploration in one of Canada's most prolific lithium areas.” Mr Johal further notes "The properties are located in the area of PMET's Corvette deposit and Winsome's Adina discovery. We are excited to take this significant step to position Brascan (CSE:BRAS) in the rapidly expanding lithium sector."

Qualified person
Harrison Cookenboo Ph.D., P.Geo. and a QP by the standards of National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information in this news release and has approved the disclosure herein.

For more information, investors should review the Company’s filings that are available at www.sedar.com.

About the Company

Brascan (CSE: BRAS) is a Lithium and Gold exploration issuer based in Vancouver, B.C. BRAS owns a 100% interest in the Quebec-Li properties in northern Quebec. Also, the company owns 100% of the Albany Forks Rare Earth Elements (REE) property in northern Ontario and an option to earn 100% of the Alegre Gold Project in Para State in Northeastern Brazil.

For more information, investors should review the Company’s filings that are available at www.sedar.com.

Contact Information
Balbir Johal
Director and CEO
Telephone: [phone]
Email: [e-mail]

Forward-Looking Statements

This news release contains certain forward-looking statements that are “forward looking information” within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Agreement and the obligations thereunder, the transfer of the claims, the exploration expenditures and Brascan’s exploration work on the Claims are "forward-looking information". These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.