Mr. Gary Thompson reports

BRIXTON METALS YIELDS UP TO 33% COPPER AND 39 G/T GOLD FROM 2023 SURFACE SAMPLING RESULTS AT THE EAST TARGET AND SOUTH TARGET, THORN PROJECT

Brixton Metals Corp. has released new assay results from surface rock samples collected in 2023 on the South target, East target and Metla target, as well as additional regional targets across the Thorn project. Brixton has 14 recognized copper-gold-silver targets at the wholly owned Thorn project, located in northwestern British Columbia, Canada.

The 2023 exploration season at the Thorn project has concluded with a total of 16,730.92 metres drilled this year. Drill results and geochemical assay results will be released as they are received.

Geochemical highlights:

• Twelve rock grab samples yielded greater than 1 per cent copper (Cu) and three rock grab samples assayed greater than one gram per tonne (g/t) gold (Au) at the East target:
  • Sample D132610 assayed 33.3 per cent Cu, seven g/t Au and 238 g/t silver (Ag);
  • Sample D132601 assayed 20.8 per cent Cu, 0.9 g/t Au and 149 g/t Ag.
• Fourteen rock grab samples yielded greater than one g/t gold, with seven samples yielding greater than five g/t gold at the South target:
  • Four rock grab samples assayed greater than 10 g/t Au;
  • Sample D200985 assayed 39 g/t Au and 65.9 g/t Ag;
  • Sample D200991 assayed 19.7 g/t Au, 142 g/t Ag and 0.1 per cent Cu;
  • Sample D200986 assayed 14.6 g/t Au, 120 g/t Ag and 0.1 per cent Cu;
  • Sample D200994 assayed 5.4 g/t Au, 373 g/t Ag and 0.5 per cent Cu;
  • Sample D200927 assayed 3.5 per cent Cu and 15.6 g/t Ag.
• Nine rock grab samples yielded greater than 1 per cent copper and three rock grab samples assayed greater than one g/t gold at the Metla target:
  • Sample D200565 assayed 3 per cent Cu, 0.6 g/t Au and 75.9 g/t Ag;
  • Sample D200564 assayed 2.6 per cent Cu and 104 g/t Ag;
  • Samples D200882 and D200891 assayed 4.2 g/t Au and 23 g/t Ag, and 3.5 g/t Au and 33.8 g/t Ag, respectively.
• Seven rock grab samples yielded greater than 1 per cent copper and two rock grab samples assayed greater than one g/t gold at the Plum target:
  • Sample D201553 assayed 13 per cent Cu, 0.9 g/t Au and 30.3 g/t Ag;
  • Sample D200635 assayed 9.9 g/t Au and 0.4 per cent Cu.
• Seven rock grab samples yielded greater than 1 per cent copper at the South Trapper target.

Gary Thompson, chairman and chief executive officer, stated: "It's great to see the volume of high-grade copper, gold and silver assay values coming from new target areas this season, and it demonstrates the importance of having boots on the ground. We are looking forward to drill testing some of these exciting new targets in 2024 on the massive Thorn project."

Two thousand twenty-three surface sampling summary

The 2023 exploration season at the Thorn project concluded on Oct. 18, 2023, and a total of 1,269 rocks, 1,636 soils and 62 talus fine samples were collected. Surface geochemical sampling was conducted across multiple target zones, including the Metla, Plum, Trapper, North, East, West and South targets, as well as additional regional target areas across the project. Regional fieldwork was focused on advancing early stage exploration targets, such as the Metla target, North target and Bing zone (which is part of the East target), with the goal of generating drill-ready targets for the 2024 field season. Additional reconnaissance geochemical sampling has also been completed on multiple regional exploration target areas across the 2,880-square-kilometre contiguous claim block to test new areas for potential porphyry and epithermal-style mineralization. While the majority of 2023 surface sample assay results are yet to be received, highlights from recent assay results are reported herein for the South, East, Metla, Plum and Trapper targets.

Solstice zone -- South target

The Solstice zone is part of the South target claims, which were acquired by Brixton in 2018 and is a vein-hosted Au-Ag target located approximately 44 km south of Thorn camp. Prior to 2023, minimal fieldwork had been completed by Brixton field crews, with only limited historical work conducted in the area, including a British Columbia Geological Survey (BCGS) regional silt sampling program where one sample returned 60 parts per billion (ppb) gold. Fieldwork in 2023 consisted of reconnaissance prospecting in areas upstream and around the historic silt sample to identify a potential source of the gold mineralization. Prospecting at the Solstice zone was successful in identifying previously undiscovered polymetallic quartz veins containing pyrite plus/minus galena plus/minus sphalerite plus/minus sulphosalts and rare visible gold. Mineralized veins are hosted within a deformed, bimodal succession of Carboniferous-age Stikine assemblage volcanic and sedimentary rocks. Additional work is required in 2024 to characterize this exploration target and define the extents of mineralization in the area.

Initial assay results from the 2023 program at South target yielded anomalous gold values with 14 rock grab samples yielding greater than one g/t gold and seven samples yielding greater than five g/t gold, including, 39 g/t gold and 19.7 g/t gold from samples D200985 and D200991, respectively. Highlights from the 2023 sampling program at South target are listed in the table entitled "2023 South target surface sampling highlights."

Icy zone -- East target

The Icy zone is part of the East target area, located approximately 45 km east of Thorn camp and acquired by Brixton in 2022. Historic work on the claims included geological mapping, surface geochemical sampling and limited diamond drilling, which identified a broad area of porphyry-copper-style mineralization. The 2023 exploration program focused on following-up on historic results, as well as expanding outward from the historical focus areas through a combination of mapping, prospecting and soil sampling. Sampling in 2023 was successful in discovering high-grade copper veins adjacent to the historic focus area, outcropping along an east-west-trending drainage. Quartz veins are hosted in both foliated diorite and syenite, with moderate pervasive hematite-carbonate alteration, and contain bornite plus/minus chalcocite plus/minus chalcopyrite. The initial assay results from surface rock samples are listed in the table entitled "2023 East target surface sampling highlights" and include 33.3 per cent Cu, seven g/t Au and 238 g/t Ag from sample D132610.

Metla target

The Metla target is an early-stage porphyry-epithermal target located 25 km southeast of Thorn camp, situated on claims that were acquired by Brixton in 2020. A large geochemical sampling program completed in the 2022 field season returned significant assay results for both gold and copper. See the news release dated Jan. 23, 2023. Initial assay results from the 2023 season were reported in the news release dated Sept. 6, 2023, and subsequent assays are reported herein, with many assay results pending for the 2023 sampling program at the Metla target.

Fieldwork at Metla in 2023 focused on expanding upon 2022 results through geological mapping and geochemical sampling, with the goal of generating drill-ready targets for the 2024 exploration program. Highlights from recent assay results are listed in the table entitled "2023 Metla target surface sampling highlights." A total of nine rock grab samples assayed greater than 1 per cent copper and three samples assayed greater than one g/t gold, including 3 per cent Cu, 0.6 g/t Au and 75.9 g/t Ag from rock grab sample D200565, and 4.2 g/t Au and 23 g/t Ag from sample D200882.

Plum target

The Plum target is an early stage, porphyry-epithermal target located 30 km southeast of Thorn camp and borders Brixton's Metla target to the west, as well as the historic Golden Bear mine claims to the south. Plum is characterized by a large iron-oxide clay alteration footprint that extends over 10 km and is largely composed of Stikine assemblage volcaniclastic rocks and Triassic-age intrusive units. The area has seen both historical and recent exploration work, including mapping, prospecting and soil sampling. Sampling in 2023 focused on infill sampling and mapping areas with little or no previous data to better define the target potential for porphyry-copper mineralization. Highlights from recent assay results are listed in the table entitled "2023 Plum target surface sampling highlights" and include 13 per cent Cu, 0.9 g/t Au and 30.3 g/t Ag from rock grab sample D201553, as well as 9.9 g/t Au and 0.4 per cent Cu and from sample D200635.

South Trapper target

The Trapper gold target is an intermediate sulphidation epithermal target and has been one of the main focus areas for drilling since 2021. The majority of 2023 fieldwork at Trapper has focused on sampling areas outside of the main drilling zone to assist future drill targeting, as well as test nearby areas for a potential porphyry-related source to the Trapper mineralization. Recent assay results received from the 2023 sampling at South Trapper were collected approximately five km south of the main drilling area, and highlights include 6.5 per cent and 5.3 per cent Cu from samples D132583 and D200630, respectively. Recent highlights are listed in the table entitled "2023 South Trapper target surface sampling highlights" and additional assays are pending.

Rock samples were prepared by ALS Minerals preparation facility in Whitehorse, Yukon, and assayed at ALS laboratory facilities in North Vancouver, B.C. ALS Minerals Laboratories is registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Samples were analyzed for gold by fire assay with an atomic absorption finish, whereas silver, lead, copper and zinc, and 48 additional elements, were analyzed using four-acid digestion with an ICP-MS (inductively coupled plasma mass spectrometry) finish.

Two thousand twenty-three Thorn project regional exploration targets

While the focus for 2023 has been on high-priority target definition, additional fieldwork has been conducted across multiple target zones, including the South, Central, North, Moly Valley, Plum, Icy and Val targets, as well new target areas that have seen limited or no previous exploration work on the Thorn project. Assay results are pending for the majority of surface geochemical sampling and assay results will be released as they are received. Brixton aims to advance its current drill targets while developing the project-wide district-scale potential for mineralized deposits related to porphyry and epithermal environments at Thorn.

About the Thorn project

The wholly owned 2,880-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 tidewater. 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 who is 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 information, and has approved the technical information in 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 Hog Heaven copper-silver-gold project in northwest Montana, United States (optioned to Ivanhoe Electric Inc. where it can earn up to 75-per-cent interest), the Atlin Goldfields projects located in northwestern British Columbia and the Langis-HudBay silver-cobalt-nickel project in Ontario.

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