Mr. Gary Thompson of Brixton Metals reports

BRIXTON EXPANDS THE OBAN BRECCIA ZONE, CUTTING ONE OF THE WIDEST HIGH GRADE SECTIONS TO DATE: 150.50M OF 314.59G/T AGEQ INCLUDING 73.70M OF 466.28G/T AGEQ

Brixton Metals Corp. has completed the phase two 2012 drill program and soil sampling program at its Thorn project, located in northwest British Columbia. A total of 1,738 metres were drilled in 13 NQ diamond drill holes. The depth of the holes ranged from 45 metres to 338 metres. Additional drill results from holes THN12-81, 82 and 84 to 87, as well as soil sample results are pending and shall be released upon receipt from the laboratory.

Highlights:

• THN12-83 intersected 73.70 metres of 466.28 grams per tonne silver equivalent (284.15 g/t silver, 1.49 g/t gold, 1.31 per cent lead and 1.78 per cent zinc) within a broader interval of 150.50 m of 314.59 g/t AgEq (165.30 g/t Ag, 1.37 g/t Au, 0.92 per cent Pb and 1.25 per cent Zn);
• Established a newly interpreted true width zone of 100 m, a depth of 300 m and a minimum strike length of 130 m;
• Recent drilling has expanded the high-grade mineralization at the Oban breccia zone at depth to the south-southeast by 70 m.

Gary R. Thompson, chairman and chief executive officer, stated: "Drilling continues to produce high-grade intercepts near surface and at depth at the Oban breccia zone, with hole THN12-83 returning impressive gold-silver results. The Oban zone appears to be developing into a zone with a much larger scale potential than previously thought and clearly remains open in several directions."

The high-grade mineralization occurs as phases of up to massive sulphides and sulphosalts as breccia matrix. Mineralization also occurs as disseminated, veinlet to crackle-style breccia. The dominant minerals are pyrite, tetrahedrite, sulphosalts, sphalerite, galena and chalcopyrite. Within the breccia matrix, these infill minerals form layered rims around breccia fragments. The nature of the mineralization appears to be subvertical to subhorizontal and locally structurally controlled.

Hole THN12-83 was collared at the Oban breccia zone at an elevation of 894 m and drilled at an azimuth of 170 degrees with a dip of minus 50 degrees to a depth of 209.70 m. Hole THN12-83 extended mineralization by approximately 70 m in a south-southeast direction from any previously known mineralization and established a true thickness of approximately 100 m, based on its position relative to previous intercepts. Grades are uncut and include up to 2,650 g/t Ag and 9.21 g/t Au.

Hole ID     From      To   Interval  Silver  Gold Copper  Lead Zinc  AuEq   AgEq  
          (metre) (metre)    (metre)    g/t   g/t      %     %    %   g/t     g/t  

THN12-83   24.00   174.5     150.50  165.30  1.37   0.11  0.92 1.25  5.67  314.59 
Including  24.00   97.70      73.70  284.15  1.49   0.12  1.31 1.78  8.41  466.28 
Including  49.00   62.00      13.00  725.55  2.01   0.13  3.33 3.68 18.89 1047.54

Hole THN12-80 was collared near the boundary of the Oban breccia zone at an elevation of 915 m and drilled at an azimuth of 325 degrees with a dip of minus 80 degrees to a depth of 166.62 m. Hole THN12-80 encountered new mineralization to the northeast of the Oban breccia zone. Interestingly, this new mineralization is hosted within the Thorn porphyry, which extends beyond the Oban breccia zone.

 
Hole ID     From       To   Interval   Silver  Gold Copper Lead Zinc  AuEq   AgEq 
          (metre)  (metre)    (metre)     g/t   g/t      %    %    %   g/t    g/t  

THN12-80  104.50   111.50       7.00   162.94  0.34   1.24 0.07 0.14  5.89 326.71
including 108.50   110.50       2.00   500.00  0.69   4.03 0.11 0.22 18.01 998.58

THN12-75 to THN12-79 returned no significant results. These holes were designed to test easterly extension of surface mineralization and were only drilled into the Thorn porphyry to a maximum depth of 57 m; however, based on the results encountered at hole THN12-83, the company now realizes that deeper drilling was required to further test mineralization at depth.

A total of 362 soil samples were collected in the drainage area of the Amarillo Creek where a float boulder of 265 g/t Au and 631 g/t Ag was discovered.

Corporate update

Brixton has appointed Sorin Posescu, PGeo, as vice-president of geology. Mr. Posescu had been working for Brixton as a consulting geologist since 2010 and brings 17 years of exploration experience to the group. Mr. Posescu was a former project geologist for NovaGold Resources, Sierra Geothermal Power and OMV-Petrom.

Quality assurance and quality control

Sorin Posescu, PGeo, prepared a quality assurance/quality control protocol for the company and oversaw sampling procedures. Caroline Vallat, PGeo, from GeoSpark Consulting Inc. conducted an independent QA/QC review, which returned strong accuracy of the analytical results. Sealed samples were shipped by the company geologists to ALS Minerals preparation lab in Whitehorse, Yukon. 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. Analysis for gold was done by fire assay with AA finish. All other elements were analyzed by aqua regia digest with ICP-AES finish. Silver overlimits were analyzed by fire assay with gravimetric finish. Base-metal overlimits were analyzed with aqua regia digest and AA finish. A copy of the QA/QC protocols can be viewed at the company's website.

Silver equivalent (AgEq) values were calculated using $1,088 per ounce of gold, $19.62 per ounce of silver, $3.20 per pound for copper, 80 cents per pound of lead, 80 cents per pound of zinc, all with 100-per-cent metal recoveries assumed.

AgEq equals Ag g/t plus (Au g/t multiplied by 34.98 divided by 0.63) plus (Pb per cent multiplied by 17.64 divided by 0.63) plus (Zn per cent multiplied by 17.64 divided by 0.63) plus (Cu per cent multiplied by 70.55 divided by 0.63).

Sorin Posescu, PGeo, is a qualified person as defined under National Instrument 43-101 standards, and has reviewed and approved this news release.

About the Thorn project

The 28,000-hectare Thorn property is located 130 kilometres southwest from the village of Atlin in northwestern British Columbia, Canada, between the past-producing Golden Bear mine and Chieftain Metals' Tulsequah Chief mine development. The geology of the Thorn project straddles a bimodal Late Cretaceous to Eocene volcano-plutonic complex, and Upper Triassic to Middle Jurassic Stuhini Group submarine volcanic and sedimentary rocks. The Oban breccia zone is located in the heart of a six-kilometre mineralized corridor, which is within the central portion of the property. Brixton Metals holds a two-phase option agreement with Rimfire Minerals Corp. (now Kiska Metals Corp.). Brixton can earn either a 51-per-cent or 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 where Brixton may increase its ownership. Brixton shall be the operator in either case.

We seek Safe Harbor.