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Brixton Metals Drills 304.46m of 1.19 g/t Gold Including 84m of 3.10 g/t Gold Including 14m of 10.70 g/t Gold at its Trapper Target on the Thorn Project

Press Release

January 9, 2023 – Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce additional drill results from the Trapper Gold Target at its wholly owned Thorn Project. The project is located in Northwest British Columbia within the Taku River Tlingit and Tahltan First Nation’s traditional territory.

Vice President of Exploration, Christina Anstey, stated, “We are highly encouraged by the broad gold intercepts and high-grades drilled on the Trapper Gold Target to date. Drill hole THN22-237 is a great example of the broad scale gold mineralization we observe in the quartz diorite host and this intercept significantly increased the scale of the target leaving the zone open in all directions. We look forward to reporting on the additional 9 holes from Trapper, 1 deep hole from Camp Creek and 8 shallow holes from Metla as assays become available from the 2022 drilling season.”

Figure 1. Gold Geochemistry and Trapper Target Location Map.

Table 1. Select Mineralized Intervals for the Trapper Target Drilling.

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.

The 2022 drill program at the Thorn Project included 58 holes for 18,200m of drilling across 4 target areas, with most of the drilling at the Camp Creek Copper dominant porphyry, the Trapper Gold Target, and to a lesser extent the Outlaw Gold Target and the Metla Copper-Gold Target. A total of 41 holes were drilled at the Trapper Gold target for 9,119m of drilling. Assays are pending for the remaining 9 drill holes and will be released as they become available.

Figure 2. Collar Locations and Drill Traces at the Trapper Target.

Discussion

Gold mineralization at Trapper is structurally controlled, and northwest, east-west and northeast trends have been identified. Mineralization appears to favour the contact between the Cretaceous (85.2 +/- 1.2Ma) quartz diorite and the Triassic lapilli tuff volcanic rocks with broad gold intervals largely hosted within the quartz diorite unit. The gold is associated with silver and base metal veins as pyrite-galena-sphalerite +/- chalcopyrite +/- bornite. With the use of oriented core measurements, surface mapping, geochemistry and magnetics, the aim is to achieve predictability of the gold-bearing zones. The current drilling at the Trapper Target is located about 7km southeast from the Camp Creek Copper Porphyry Target. The Trapper Target at surface is expressed as a 4km northwest trending gold and zinc soil geochemical anomaly which is part of the larger 11km gold geochemical anomaly as seen in Figure 1.

The 2022 Phase 2 drill campaign at Trapper was designed to test the southern and eastern extensions of the main mineralized trend previously identified in 2021 and early 2022. Step-out drilling was planned through a combination of mapping, oriented core data, and soil geochemistry, where soil samples collected during the 2022 field season extended the gold and zinc soil anomaly to the south and east. Results from the 2022 drill program continue to demonstrate the potential for broad intercepts of near surface gold mineralization which remains open in all directions.

Figure 3. Cross Section of the Reported Gold intercepts, Trapper Gold Target, Southwest View.

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