Brascan Announces Closing of Acquisition of Interest in North Atlantic Aggregates Inc.

Published on: December 20, 2022

December 20, 2022 – Vancouver, B.C. – Brascan Gold Inc. (CSE: BRAS) (“Brascan” or the “Company”) and its wholly owned subsidiary, Brascan AggregatesInc. (“BA”), are pleased to announce, further to the Company’s news release dated August 25, 2022 (the “Prior Release”) that they have completed their acquisition of 25% of the issued and outstanding shares in the capital of North Atlantic Aggregates Inc. (“NAAI”) in exchange for 10,000,000 common shares of Brascan. For further information respecting the acquisition and the business of NAAI, please see the Prior Release.

About the Company

The Company is a gold exploration issuer based in Vancouver, BC. The Company holds options over the Middle Arm Fault, Black Cat, Birchy Lake and Mountain Pond properties, located in the Baie Verte region of the North of Newfoundland and the Miguel’s Lake property, located in central Newfoundland. The Company also holds an option over the Alegre project in Pará state in northeastern Brazil.

For more information, investorsshould review the Company’sfilingsthat are available at

Contact Information

Balbir Johal

Director and CEO

Telephone: 604 812 1747

Email: [email protected]

Gold Mining