Mr. Gary Thompson reports

BRIXTON METALS DRILLS 6.00M OF 5.07 G/T GOLD WITHIN 66.00M OF 0.80 G/T GOLD AT ITS TRAPPER TARGET ON THE THORN PROJECT

Brixton Metals Corp. has released the first batch of 2023 drill results from the Trapper gold target at its wholly owned Thorn project. The project is located in northwestern British Columbia, 90 kilometres east of Juneau, Alaska, and within the Taku River Tlingit and Tahltan First Nation's traditional territory.

Highlights:

• Drilling extended the Trapper gold mineralization 250 metres down dip along the Lawless fault.
• Hole THN23-270 yielded 98 m of 0.62 gram per tonne Au from 98 m depth:
  • Including 66 m of 0.80 g/t Au;
  • Including 32 m of 1.15 g/t Au;
  • Including six m of 5.07 g/t Au.
• Hole THN23-268 yielded 55.71 m of 0.82 g/t Au from 152.29 m depth:
  • Including 24.31 m of 0.93 g/t Au;
  • Including seven m of 2.67 g/t Au.

Vice-president of exploration, Christina Anstey, stated: "We are highly encouraged by the gold intercepts we've observed in the broad stepout holes drilled at the Trapper gold target to date. We look forward to reporting on the additional results from the Trapper target from the 2023 season."

All assay values are uncut weighted averages and intervals reflect drilled lengths as further drilling is required to determine the true widths of the mineralization.

Discussion

The 2023 program at the Trapper gold target totalled 6,625.24 m of drilling. This news release covers 3,027 m of drilling for a total of 12 drill holes with assays pending for the remaining 11 drill holes, which will be released as they become available.

Gold mineralization at Trapper is structurally controlled along the Lawless fault trending northwest-southeast and dipping moderately to the north. Mineralization appears to favour the contact between the Cretaceous (85.2 million years plus/minus 1.2 million years) quartz diorite and the Triassic lapilli tuffs with broad gold intervals largely hosted along the faulted contact. The gold is associated with silver and base metal veins containing pyrite-galena-sphalerite plus/minus chalcopyrite plus/minus bornite which occur conjugate to the Lawless fault. Through a combination of oriented core drilling, surface mapping, geochemistry and geophysics, the aim is to achieve predictability of the gold-bearing zones. The current drilling at the Trapper target is located seven km southeast from the Camp Creek copper porphyry target. At surface, the Trapper target is expressed as a four km northwest-trending gold and zinc soil geochemical anomaly which is part of the larger 11 km gold geochemical anomaly trending from Camp Creek to the Trapper target.

The 2023 drill campaign at Trapper was designed to test the extents of the main mineralized corridor along the Lawless fault zone, as well as testing stepout targets where similar structural and geophysical features were interpreted using the high-resolution aeromagnetic survey completed in 2022. Drilling was planned through a combination of mapping, oriented core data analysis, geophysics and soil geochemistry. Results from the 2023 drill program continue to demonstrate the potential for broad intercepts of near-surface gold mineralization which remains open in several directions.

Drill holes THN23-268, THN23-269 and THN23-270 were collared from the same drill pad, 40 m southwest of THN22-237 (304.46 m of 1.19 g/t Au, including 14 m of 10.70 g/t Au), to test the southern extents of mineralization along the diorite-lapilli tuff contact. THN23-270 collared into quartz diorite and at a downhole depth of 58.5 m intervals of base metal sulphide veins containing visible gold were observed resulting in significant broad intercepts of gold mineralization. THN23-270 drilled to a depth of 235 m, assaying 208 m of 0.37 g/t Au from 18 m depth, including 98 m of 0.62 g/t Au, including 66 m of 0.80 g/t Au, including 32 m of 1.15 g/t Au, including 11 m of 3.01 g/t Au and including six m of 5.07 g/t Au.

THN23-268 was drilled to a depth of 292 m and planned to test the east-west-trending mineralized veins observed in 2022 drilling. One instance of visible gold was observed at 176.45 m within a base-metal-bearing vein hosted in the lapilli tuff. This hole intercepted 244 m of 0.35 g/t Au, including 75 m of 0.65 g/t Au, including 55.71 m of 0.82 g/t Au, including 24.31 m of 0.93 g/t Au and including seven m of 2.67 g/t Au. THN23-269 was drilled below hole 268 to a depth of 205 m and was planned to test the southern extents of mineralization along the Lawless fault. The hole crossed the fault at 12.69 m and no significant mineralization was observed in the footwall.

THN23-264, THN23-265 and THN23-266 were drilled approximately 500 metres east of the main Trapper target area and were planned to test high-grade gold veins observed on surface along Inlaw Creek. Narrow intervals of high-grade veins were observed in holes 264 and 265 and additional drilling is required to further define the extents of mineralization in this area.

THN23-267 was collared 60 m northwest of THN22-205 (64 m of 5.74 g/t Au, including 28.95 m of 10.36 g/t Au) to test the western extent of the main mineralized trend. Due to surface ground conditions the hole was collared north of the main fault and drilled to a depth of 297 m. Hole 267 is interpreted to be on the shoulder of the main gold zone and intercepted broad intervals of low-grade gold with elevated silver grades, including 11.41 m of 0.70 g/t gold and 21.74 g/t silver.

THN23-278 was planned as an 85 m stepout from the previously drilled holes along the Lawless fault. This hole was to a total depth of 592 m and is the deepest drill hole to date in the main Trapper target. Although the upper part of this hole was relatively unmineralized, base metal veining was intercepted at 400 m depth extending the mineralized zone approximately 250 m down dip and toward the north along the Lawless fault.

THN23-272, THN23-273 and THN23-274 were a 450 m western stepout from the main Trapper target area and planned to test along an interpreted structure that was identified in the 2022 aeromagnetic survey. These holes drilled down dip of a large unmineralized fault and it is now believed the mineralized fault trends farther north.

About the Trapper gold target

The geochemical footprint for the Trapper gold target was expanded in 2021 to four km by 1.5 km with a gold-in-soil geochemical signature that has a strong positive correlation to zinc and lead. The Trapper target represents an intermediate-sulphidation epithermal system hosted in volcanic and intrusive rocks. The volcanics are Triassic Stuhini lapilli tuff, while the intrusive phase is a Cretaceous quartz diorite dated at 85.2 million years plus/minus 1.2 million years. Visible gold has been identified in both drill core and surface outcrops across the Trapper target area and rock grab samples have returned up to 152 g/t Au. Visible gold is recognized in several environments: within base metal veins (sphalerite-galena-pyrite-chalcopyrite), quartz-stockwork, sulphosalt-pyrite veinlets and rarely disseminated gold in the diorite. In 2021 and 2022, Brixton drilled 3,107 m and 9,119 m, respectively. In 2011, 42 drill holes were completed by a previous operator. The Trapper target is royalty free.

Quality assurance and quality control

Quality assurance and quality control protocols for drill core sampling were developed by Brixton. Core samples were mostly taken at one m intervals. 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 in half, bagged, zip-tied and sent directly to ALS Minerals preparation facility in Langley, B.C. 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, B.C., for gold by fire assay with an atomic absorption finish, whereas silver, lead, copper, zinc and 48 additional elements were analyzed using four-acid digestion with an inductively coupled plasma mass spectrometry finish. Overlimits for gold were analyzed using fire assay and gravimetric finish. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd., of Langley, B.C., 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 landscaping rock. A copy of the QA/QC protocols can be viewed at the company's website.

About the Thorn project

The wholly owned 2,881-square-kilometre Thorn project is located in British Columbia, Canada, approximately 90 km east of Juneau, Alaska. The southern limit of the Thorn claim boundary is roughly 50 km from tide water. The Thorn project hosts a district-scale 80 km megatrend of Triassic to Eocene, volcano-plutonic complex with several styles of mineralization related to porphyry and epithermal environments. Fourteen large-scale copper-gold targets have been identified for further exploration work.

Qualified person

Corey A. James, PGeo, is a senior project geologist for the company and a qualified person as defined by National Instrument 43-101. Mr. James has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the technical information, and has approved this press release.

About Brixton Metals Corp.

Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects toward feasibility. Brixton wholly owns four exploration projects: Brixton's flagship Thorn copper-gold-silver-molybdenum project, the Atlin goldfields project located in northwestern B.C., the Langis-HudBay silver-cobalt-nickel project in Ontario and the Hog Heaven copper-silver-gold project in northwestern Montana, United States (under option to Ivanhoe Electric Inc.). Brixton Metals shares trade on the TSX Venture Exchange under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF.

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