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Brixton Metals Corporation (BBB.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2100+0.0050 (+2.44%)
At close: 3:59PM EST
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Previous Close0.2050
Open0.2000
Bid0.2050 x 0
Ask0.2150 x 0
Day's Range0.2000 - 0.2100
52 Week Range0.0800 - 0.5700
Volume444,800
Avg. Volume433,788
Market Cap40.613M
Beta (5Y Monthly)1.61
PE Ratio (TTM)N/A
EPS (TTM)-0.0600
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.50
  • Brixton Metals Taps Porphyry at Camp Creek, Drilling 439m 0.34% CuEq, including 278m of 0.43% CuEq, including 105m of 0.60% CuEq with the bottom of the hole at 6.2m of 2.27% CuEq at its Thorn Project
    GlobeNewswire

    Brixton Metals Taps Porphyry at Camp Creek, Drilling 439m 0.34% CuEq, including 278m of 0.43% CuEq, including 105m of 0.60% CuEq with the bottom of the hole at 6.2m of 2.27% CuEq at its Thorn Project

    Figure 1 Camp Creek Plan Map 2020 Collars and others, Thorn Project Figure 2 Camp Creek Long-Section - CuEq Drill Trace Histogram on Contoured CuEq Background Figure 3 Hole THN20-181 Strip Log: Lithology, Porphyry Index, CuEq %, Cu, Au, Ag, Mo Figure 4 Camp Creek Section Looking North All Drilling Holes Figure 5 Camp Creek Drill Hole and IP Chargeability Figure 6 Hole THN20-181 Core of Reference Photographs 674-833m Figure 7 Hole THN20-181 Core of Reference Photographs 853-953m VANCOUVER, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to provide the last batch of 2020 drilling results at its wholly owned Thorn Project, located in the Golden Triangle of Northwestern British Columbia. Highlights: Hole THN20-181 intercepted porphyry style mineralization returning 439.42m of 0.34% CuEq including, 278.42m of 0.43% CuEq, including 105.42m of 0.60% CuEq Hole THN20-181 bottomed in higher grade mineralization with the last 6.22m returning 2.27% CuEq An IP chargeability anomaly of 3km by 2km was outlined around Camp Creek to 600-700m depth Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “We believe that hole 181 is confirmation of a new porphyry discovery at the Camp Creek Target. It’s evident from both this hole and the completed IP that most of the previous drilling was not deep enough to effectively test this porphyry target. With our 2021 exploration program at Thorn, we plan on drilling additional deep holes with the goal of locating the center of a potentially very large Cu-Au-Ag-Mo porphyry.” Table 1. 2020 Drill Results from Camp Creek HoleFrom (m)To (m)Interval (m)Cu (ppm)Au (g/t)Ag (g/t)Mo (ppm)CuEq (%)THN20-180349.00576.79227.79712.850.050.9650.400.15Including555.00576.7921.791059.750.071.0689.730.22THN20-181518.00957.42439.421889.600.072.41139.830.34Including679.00957.42278.422347.420.092.57195.830.43Including852.00957.42105.423201.800.113.75335.410.60Including951.20957.426.227745.340.217.622934.772.27THN20-182387.00861.00474.001060.840.050.9372.670.19Including530.98642.00111.021382.820.071.31105.000.26Including570.00590.0020.002535.950.122.09113.470.44 Copper Equivalent (CuEq_ppm) = [(($Cu/g * Cu ppm) + ($Au/g * Au ppm) + ($Ag/g * Ag ppm) + ($Mo/g * Mo ppm))] / $Cu/g Using the following metal prices (average daily prices during last 12 months) of Cu US$2.70/lb, Au $1759/oz, Ag $19.60/oz, Mo $11.20/lb. The three deep Camp Creek holes drilled in 2020 display fairly consistent downhole patterns of mineralization and alteration (please refer to strip log THN20-181 in Figure 3). In the upper sections of the holes (to depths of approximately 300-400 metres), mineralized intervals are thin, reflecting polymetallic veins that are typically rich in pyrite, commonly with galena and sphalerite and the copper-bearing sulphosalt minerals tetrahedrite/tennantite. Only minor quartz veins are present, and chalcopyrite and molybdenite are largely absent. Sericitic alteration dominates the upper parts of the holes, with potassic (biotitic and K-feldspathic) assemblages gradually increasing downhole. Below about 300-400 metres depths, the holes are more consistently mineralized with copper, gold, silver, and molybdenum. The dominant copper mineral is chalcopyrite, not tetrahedrite/tennantite. Quartz veins are ubiquitous; potassic and locally silicic alteration predominate at depth. The overall patterns observed in the Camp Creek holes are consistent with those in a number of porphyry deposits worldwide that are exposed at a level above a "blind" copper-(gold-molybdenum) ore zones. The well mineralized 6.22m interval of 2.27 CuEq at the bottom of hole THN20-181 is dominated by pyrite and chalcopyrite hosted in a hydrothermal breccia, please see Figure 7 below at 953.11m depth. Please see video link of Camp Creek drilling and IP Chargeability 3-D model: https://youtu.be/qVAsi7ha7Jg Click here for Figure 1. Camp Creek Plan Map 2020 Collars and others, Thorn Project: http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-1_Jan18-2021.jpg Click here for Figure 2. Camp Creek Long-Section - CuEq Drill Trace Histogram on Contoured CuEq Background: http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-2_18Jan2021.jpg Click here for Figure 3. Hole THN20-181 Strip Log: Lithology, Porphyry Index, CuEq %, Cu, Au, Ag, Mo: http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-3_18Jan2021.jpg The Mineral Deposits Research Unit (MDRU) Porphyry Index or MPIx is a porphyry geochemical vector index developed by the MDRU at the University of British Columbia. It ratios elements proximal to known porphyry deposits versus more distal elements. The equation is MPIx = [Cu/10 +Mo+(10*W)=(20*Sn)] / [(5*Sb)+(20*Tl)+Ag+AS+Li] (after Bouzari et al., 2019). Click here for Figure 4. Camp Creek Section Looking North All Drilling Holes: http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-4_18Jan2021.jpg A total of six IP geophysical survey lines were completed between 2020 and 2019. The survey lines were approximately 3km long and 300m apart and cut across Camp Creek. A high chargeability anomaly was identified to about 600-700m depth (maximum range of survey only) across most of the survey area of 25-38 mV and remains open in several directions, see video link above and IP and drilling section in Figure 5 below. Click here for Figure 5. Camp Creek Drill Hole and IP Chargeability: http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-5_18Jan2021.jpg Click here for Figure 6. Hole THN20-181 Core of Reference Photographs 674-833m: http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-6_18Jan2021.jpg Click here for Figure 7. Hole THN20-181 Core of Reference Photographs 853-953m: http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-7_18Jan2021.jpg Quality Assurance & Quality Control Quality assurance and quality control protocols for drill core sampling was developed by Brixton Metals Corporation. An independent quality assurance and quality control review for Au, Ag, Cu, Pb, Zn and Mo was completed by Caroline Vallat, P.Geo., Geospark Consulting Inc.,(author) which returned overall strong accuracy and precision of the analytical results. The gold, silver, copper, lead, zinc, and molybdenum duplicate pair assay results are well correlated, and it is the author’s opinion that strong precision is inferred within the reported analytical results. Blank, duplicate (lab pulp) and certified reference materials were inserted into the sample stream for at least every 20 drill core samples. Core samples were cut, bagged, zip-tied and sent directly to ALS Minerals preparation facility in Whitehorse, YT. ALS Minerals Laboratories is registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Samples were analyzed at ALS Laboratory Facilities in North Vancouver, British Columbia for gold by fire assay with an atomic absorption finish, whereas over limits for Ag, Pb, Cu and Zn and 48 additional elements were analyzed using four acid digestion with an ICP-MS finish. Standard instances analyzed with the 2020 Thorn samples have been reviewed and the independent author’s opinion is that there is inferred strong accuracy within the primary gold, silver, copper, lead, zinc, and molybdenum assays. The 2020 Thorn project analytical results have been determined to be high quality and have passed this QAQC review. The certified reference materials (standards) were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and the standards inserted varied – depending on the type and abundance of mineralization visually observed in the primary sample. Blank material used consisted of non-mineralized siliceous river/landscaping rock. Duplicates amounted to 68 sample pairs allowing for independent review of the sample assay precision. Seventy-three blanks inserted within the sample batches allowed for cleaning of the instrumentation and independent review of low assay grade accuracy, whereas 71 standards inserted allowed for independent review of the local assay accuracy. Secondary lab check sampling will also take place in order to monitor for any bias in the analytical results. A copy of the QAQC protocols can be viewed at the Company’s website. Mr. Antonio Celis, M.Sc., P.Geo., who is a qualified person as defined by National Instrument 43-101, has reviewed and approved the information in this press release. Corporate Update Mrs. Christina Anstey has been appointed Vice President of Exploration for the Company. Mrs. Anstey has a B.Sc degree in Geology from Memorial University of Newfoundland and over 9 years of experience in exploration. Prior to joining Brixton, she held the title of Senior Project Geologist managing the Bowser Regional Exploration Program for Pretivm Resources, an intermediate gold producer located in the Golden Triangle of British Columbia. During her time at Pretivm, Mrs. Anstey was responsible for planning and executing up to $10-million-dollar drilling, prospecting and mapping programs, which lead to several early stage discoveries of epithermal and porphyry targets. Christina Anstey commented "I am extremely excited to be joining the dedicated management team at Brixton Metals and look forward to contributing to the advancement of multiple highly prospective Gold-Copper-Silver Targets that the Company has assembled over the years.” About Brixton Metals Corporation Brixton is a Canadian exploration and development company focused on the advancement of its gold, copper and silver projects toward feasibility. Brixton wholly owns four exploration projects: the Thorn copper-gold-silver and the Atlin Goldfields projects located in NWBC, the Langis-HudBay silver-cobalt projects in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB and in the USA OTCQB market under the ticker symbol BBBXF. For more information about Brixton please visit our website at www.brixtonmetals.com. On Behalf of the Board of Directors Mr. Gary R. Thompson, Chairman and CEOTel: 604-630-9707 or email: info@brixtonmetals.com For Investor Relations please contact Mitchell Smith, VP of Investor RelationsTel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com Cautionary Note 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. Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statement. Figures accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/da256d5d-429f-4c3b-855a-74cc4f955ee4 https://www.globenewswire.com/NewsRoom/AttachmentNg/6bb5b7ac-8195-47af-b97d-1a104033565b https://www.globenewswire.com/NewsRoom/AttachmentNg/65a1de1d-39f7-43f2-aaa3-c3fb507292ee https://www.globenewswire.com/NewsRoom/AttachmentNg/d534a72a-852b-4c05-a584-5e1c4b505a0b https://www.globenewswire.com/NewsRoom/AttachmentNg/c731bbd0-e05f-4110-a15b-8ddd0912389a https://www.globenewswire.com/NewsRoom/AttachmentNg/7987e58f-5d16-4cd2-a8e6-4c4b56d0038e https://www.globenewswire.com/NewsRoom/AttachmentNg/2b29dddb-6374-44a0-8f04-ca6e800dea81

  • Brixton Metals Drills 4m of 370 g/t Ag including 1m of 1080 g/t Ag (34 opt Ag) at its Langis Project, Ontario Canada
    GlobeNewswire

    Brixton Metals Drills 4m of 370 g/t Ag including 1m of 1080 g/t Ag (34 opt Ag) at its Langis Project, Ontario Canada

    Figure 1 Location of the Shaft 3 Drilling Area Figure 2 Pseudo-Cross Section All Drilling near Shaft 3 with Silver Results Figure 3 Hole LM-20-113 from 5.9m, Native Silver and Cobaltite in Quartz-Carbonate Veins Figure 4 Hole LM-20-111 at 113.0m to 113.5m, Massive Chalcopyrite, Pyrite, and Pyrrhotite Hosted within Conglomerate, returned 10.85% Cu, 39.6 g/t Ag, 0.05% Co over 0.5mVANCOUVER, British Columbia, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce the second round of drill results from its fall/winter exploration program at the Langis Mine Project located in the Cobalt Camp of Ontario. The assays for this round are from 14 holes totaling 1673.85m of NQ size core. Drill holes follow a fan-type array with depths ranging from 55m to 176m across the Shaft 3 trend. Highlights * Hole LM-20-111 intercepted 4m of 370 g/t Ag from 18m, including 1m of 1080 g/t Ag and     • 1m of 7% Cu, 27.6 g/t Ag, 0.03% Co from 113m * LM-20-113 intercepted 4m of 366 g/t Ag including 1m of 1015 g/t Ag, 0.35% Co * Hole LM-20-110 intercepted 4m of 196.6g/t Ag from 3.6m, including 1m of 661 g/t Ag Chairman and CEO of Brixton, Gary R. Thompson stated, “We continue to be pleased with the results from our on-going 20,000m drill program at Langis. Drilling continues to generate high-grade near-surface results that support the potential maiden resource.”Click here for Figure 1. Location of the Shaft 3 Drilling Area: http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-1_8Jan2021.jpgTable 1. Langis Fall 2020 Drilling Highlights near Shaft 3.Hole IDFrom (m)To (m)Interval (m) Ag (g/t)Co (%)Cu (%)Ag (g/t * m) LM-20-1088.1012.104.0085.35  341.40 including9.1011.102.00157.00  314.00 LM-20-1098.2012.204.0068.90  275.60 including8.209.201.0017.800.16 17.80 including10.2011.201.00154.00  154.00 LM-20-1103.607.604.00196.60  786.40 including4.605.601.00661.00  661.00 LM-20-11015.6018.603.0025.67  77.00 including16.6017.601.0034.400.14 34.40 LM-20-1110.003.003.0028.53  85.60 including0.001.001.0047.100.11 47.10 LM-20-1115.008.003.0097.47  292.40 including6.007.001.00213.000.07 213.00 LM-20-11118.0022.004.00370.28  1481.10 including19.0020.001.00326.000.38 326.00 including20.0021.001.001080.00  1080.00 LM-20-111113.00114.001.0027.600.037.0027.60 including113.00113.500.5039.600.0510.8519.80 LM-20-1120.002.202.2070.75  155.65 including1.202.201.0042.500.61 42.50 LM-20-1126.208.202.0092.90  185.80 LM-20-1130.001.801.8027.20  48.96 including0.000.800.8029.000.68 23.20 LM-20-1133.807.804.00366.08  1464.30 including4.805.801.00423.00  423.00 including5.806.801.001015.000.35 1015.00 LM-20-11316.8019.803.0033.67  101.00 LM-20-1190.001.801.80109.80  197.64 Intervals represent drilled lengths and the true widths of the silver and cobalt mineralization have not been determined at this time. Results are weighted average grades.Click here for Figure 2. Pseudo-Cross Section All Drilling near Shaft 3 with Silver Results:http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-2_8jan2021.jpgClick here for Figure 3. Hole LM-20-113 from 5.9m, Native Silver and Cobaltite in Quartz-Carbonate Veins:http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-3_8Jan2021.pngClick here for Figure 4. Hole LM-20-111 at 113.0m to 113.5m, Massive Chalcopyrite, Pyrite, and Pyrrhotite Hosted within Conglomerate, returned 10.85% Cu, 39.6 g/t Ag, 0.05% Co over 0.5m:http://brixtonmetals.com/wp/wp-content/uploads/2021/01/Figure-4_8Jan2021.pngQuality Assurance & Quality ControlDiamond drill holes were drilled to depth NQ size. Samples were collected using 1m average sample length. Three quality control samples (one blank, one standard and one duplicate) were inserted into each batch of 20 samples. The drill core was sawed, with half of the core batched, sealed and shipped by the Company geologists to ALS Minerals preparation lab in Sudbury, Ontario. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Blank, duplicate and certified reference materials were inserted into the sample stream. All elements were analyzed by Aqua Regia Digest with ICP-AES finish. Silver over-limits were analyzed by fire assay with gravimetric finish. Base metal over-limits were analyzed with Aqua Regia Digest and AES finish. A copy of the QAQC protocols can be viewed at the Company’s website.About the Langis Mine ProjectBrixton’s wholly owned Langis Mine Project is a past producing mine located 500km north from Toronto, Ontario, Canada with excellent infrastructure. The silver mineralization occurs as native silver and within steeply-moderately and in some cases shallow dipping veins, veinlets and as disseminations, rosettes and fracture infill and can be associated with calcite, hematite, pyrite, cobaltite, chalcopyrite, niccolite and gold. Mineralization is hosted within any of the three main rock types: Archean volcanics and metasediments, Coleman Member sediments and Nipissing diabase. The Langis Mine produced 10.6Moz of silver at 787 g/t Ag and 358,340 pounds of cobalt. Historically, the combined mines in the Cobalt Camp produced over 550 million ounces of silver with 30-50 million pounds of cobalt as a by-product.Mr. Antonio Celis, P.Geo., who is a qualified person as defined by National Instrument 43-101, reviewed and approved the information in this press release.About Brixton Metals CorporationBrixton is a Canadian exploration and development company focused on the advancement of its mining projects toward feasibility. Brixton wholly owns four exploration projects: the Thorn copper-gold-silver Project, the Atlin Goldfields Projects located in NWBC, the Langis-HudBay silver-cobalt Project in Ontario and the Hog Heaven silver-gold-copper Project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF. For more information about Brixton please visit our website at www.brixtonmetals.com.On Behalf of the Board of DirectorsMr. Gary R. Thompson, Chairman and CEO Tel: 604-630-9707 or email: info@brixtonmetals.comFor Investor Relations, please contact:Mitchell Smith, VP Investor Relations Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.comNeither 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.Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. Photo accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/85d9c74d-9c6d-4784-86f2-f0868279e7b0https://www.globenewswire.com/NewsRoom/AttachmentNg/69f5e00b-abe0-461f-968d-84829e2d63e4https://www.globenewswire.com/NewsRoom/AttachmentNg/895b2708-0ea2-4e9b-a09f-b95f855138fahttps://www.globenewswire.com/NewsRoom/AttachmentNg/de2e222c-17d0-466d-8471-e458d79da7a5

  • Brixton Metals Announces Closing of Second Tranche of Private Placement
    GlobeNewswire

    Brixton Metals Announces Closing of Second Tranche of Private Placement

    Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (the "Company") (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has closed a second tranche of a non-brokered private placement of flow-through common shares of the Company for gross proceeds of C$504,000 (the "Private Placement"). Each flow-through share (a “FT Share”) was issued at a price of C$0.36 and is comprised of one common flow-through share of the Company. The Company issued a total of 1,400,000 FT Shares pursuant to the Private Placement.Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “Brixton is pleased to see the continued support of the company, and it is encouraging to end 2020 with a healthy budget for 2021. With Brixton’s near-term catalysts aligning with a positive outlook for the metals market, we are excited to advance our high-impact Cu-Au-Ag projects towards resource definition.”The gross proceeds from the issuance of the FT Shares will be used for “Canadian exploration expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced to the subscribers with an effective date no later than December 31, 2020 to the initial purchasers of the FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares, as applicable, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT Shares subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures as agreed.Finders acting in connection with the closing of this Private Placement received finder’s fees in the aggregate total amount of $30,240 and were issued an aggregate of 84,000 finder’s warrants. Each finder’s warrant is exercisable for one common share of the Company at an exercise price of $0.36 for a period of 24 months from the date of closing of the Private Placement.The FT Shares and any finders warrants, including all underlying securities thereof, issued with respect to the Private Placement, will be subject to a hold period of four months and one day in accordance with applicable securities laws and the policies of the TSX Venture Exchange (“TSX-V”).In addition to the flow-through financing, a total of 5,486,983 warrants have been exerscised for an aggregate of $1,372,222 this year to the Company.This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.About Brixton Metals CorporationBrixton is a Canadian exploration and development company focused on the advancement of its gold and silver projects toward feasibility. Brixton wholly owns four exploration projects: the Thorn copper-gold-silver and the Atlin Goldfields projects located in NWBC, the Langis-HudBay silver-cobalt project in Ontario and the Hog Heaven silver-gold-copper project in NW Montana, USA. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.On Behalf of the Board of DirectorsMr. Gary R. Thompson, Chairman and CEO Tel: 604-630-9707 or email: info@brixtonmetals.comFor Investor Relations, please contact:Mitchell Smith, VP Investor Relations Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.comCautionary NoteNeither 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.Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. In particular, this news release contains forward-looking information relating to the Private Placement and the use of proceeds therefrom. The forward-looking statements and information are based on key expectations and assumption made by the Company, including expectations and assumption concerning the use of net proceeds of the Private Placement. All statements including statements in respect of regulatory approval, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds, by their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSX-V and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.