Mr. Gary Thompson reports

BRIXTON METALS COMMENCES PHASE TWO, 2012 DRILL PROGRAM AT THORN

Brixton Metals Corp. has started its phase 2, 2012 drill program at the Thorn silver-gold-lead-zinc-copper project, located in northwestern British Columbia, Canada.

Crews were mobilzed to the Thorn project on Sept. 28, 2012. The current phase of exploration will focus on drilling at the Oban breccia zone as well as soil sampling in the upper Amarillo Creek drainage area.

The Oban breccia zone drill program is designed to test the extension of high-grade silver-gold-lead-zinc mineralization, and shall consist of 1,500 metres to 2,000 metres of drilling, with holes ranging from 50 metres to 300 metres in depth.

The survey for the Amarillo Creek area will include an area for which Brixton has recently acquired multispectral Aster data. The data show a broad area of alunite and illite alteration. This area is the headwater for Amarillo Creek, where prospecting in 2005 discovered a float boulder returning 265 grams per tonne Au and 631 g/t Ag, which has not yet been followed up.

Oban zone highlights

• Hole THN11-60 intersected 9.25 metres of 3,646 g/t silver equivalent (2,984.4 g/t Ag, 3.04 g/t Au, 11.65 per cent Pb, 3.42 per cent Zn and 0.53 per cent Cu) near surface within a broader interval of 95.08 metres grading 904 g/t AgEq (628 g/t Ag, 1.71 g/t Au, 3.31 per cent Pb and 2.39 per cent Zn).
• Hole THN11-57 showed increasing gold and copper grades at depth within the Oban breccia zone, exemplified by the intersection of 7.8 metres grading 717 g/t AgEq (197 g/t Ag, 6.13 g/t Au and 1.38 per cent Cu) within a broader interval of 18.58 metres grading 453 g/t AgEq (103 g/t Ag, 4.1 g/t Au and 0.93 per cent Cu) starting at a vertical depth of 201 metres below surface.
• Hole THN12-65 intersected 12.9 metres of 769.42 g/t AgEq (512.66 g/t Ag, 1.72 g/t Au, 4.24 per cent Pb and 1.54 per cent Zn) with a broader interval of 83.9 metres grading 296.5 g/t AgEq (161.81 g/t Ag, 1.03 g/t Au, 1.29 per cent Pb and 1.49 per cent Zn).

To view a preliminary model of the Oban breccia zone, visit the company's website. (Please note that the grade shells in the model were determined using Leapfrog software with a log-RBF interpolation function, and are not to be viewed as a resource estimate at this time.)

Other significant highlights at Thorn

• Mineralization expansion at the Talisker zone from 200 metres to 500 metres of strike length, where the best intersection found grades of 407.9 g/t Ag, 4.44 g/t Au and 2.95 per cent Cu over 4.2 metres in hole THN05-37;
• Hole THN11-56 confirmed the presence of unconformity-related mineralization, intersecting 0.9 metre grading 12.35 g/t Au, 138 g/t Ag and 0.49 per cent Cu within 19.78 metres of 35.5 g/t Ag, 1.02 g/t Au and 0.3 per cent Cu;
• Discovery of the Lagavulin vein, where hole THN11-54 intersected 4.85 metres of 3.13 g/t Au and 122.46 g/t Ag:
  • The Lagavulin vein has a strike length greater than two kilometres, and crosscuts the Talisker zone trend;
• Hole THN11-45 intersected 0.74 metre of 4.14 per cent Cu, 384 g/t Ag and 1.22 g/t Au on the MP vein.

Gary R. Thompson, chairman and chief executive officer, stated: "We are excited to be back on the property continuing our exploration efforts at the Thorn project. While numerous targets remain untested on the property, our current focus is the high grade at the Oban breccia zone."

About the Thorn project

The 25,000-hectare Thorn property is located in the Sutlahine River area of northwestern British Columbia, Canada, approximately 50 kiometres from the past-producing Golden Bear mine. Thorn is a Cretaceous porphyry complex that shares many similarities with other high-sulphidation epithermal gold, silver and copper deposits around the world, such as Lepanto in the Philippines and El Indio in Chile. There are several separate porphyry intrusive phases and at least one related breccia body outcrop on the property. In addition to the high-grade potential of the Thorn project, the geological setting indicates the potential for porphyry-type mineralization. The Oban zone silver-gold-lead-zinc-copper breccia-hosted mineralization is located in the heart of a six-kilometre mineralized corridor within the central portion of the property. Brixton holds a two-phase option agreement with Rimfire Minerals Corp. (now Kiska Metals Corp.). Brixton can earn either a 51-per-cent interest or a 65-per-cent interest by making cash and share payments and incurring $5-million and $10-million in exploration expenditures, respectively. Kiska may elect to form a joint venture with Brixton at the 49/51 or 35/65 stage, or take dilution. Brixton shall be the operator in either case.

We seek Safe Harbor.