Brixton Metals Drills 554.70m of 1.97 g/t AuEq, Including 135.96m of 1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag or 5.00 g/t AuEq Including 6m of 3.56% Cu, 3.37 g/t Au, 257.77 g/t Ag at its Thorn Project

Press Release

July 15, 2019 – Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “Company” or “Brixton”) is delighted to announce results from drill hole THN19-150 which was drilled to 829.06 metres depth at the Oban diatreme breccia pipe within the Camp Creek Copper Corridor. Structural mapping and soil-rock geochemistry at the Chivas Zone and re-logging of select core from the Glenfiddich zone were also conducted. The objective of the program was to test for porphyry mineralization at depth at the Oban Zone and to refine the two porphyry targets, Chivas and Camp Creek, for the next round of drilling.

Highlights and Key Findings

• Drilling has extended the Oban Zone polymetallic mineralization to a depth of 651m from the previously drilled vertical depth of 370m for an increase of 281m of new mineralization
  • THN19-150 returned 554.70m of 0.57 g/t Au, 0.24% Cu, 43.18 g/t Ag, 0.55% Zn, 0.28% Pb or 97 g/t AuEq over 554.70m
  • Including 277.80m of 0.86 g/t Au, 0.28% Cu, 75.28 g/t Ag, 0.88 Zn, 0.48% Pb or 06 g/t AuEq over 277.80m
  • including 135.96m of 1.35 g/t Au, 0.31% Cu, 133.62 g/t Ag, 1.61% Zn, 0.89% Pb or 00 g/t AuEq over 135.96m
  • As well, high-grade copper dominated intervals of 6m of 3.56% Cu, 3.37 g/t Au, 257.77 g/t Ag from 155m depth and 16m of 1.38% Cu from 414.35m depth
• Importantly, the drilling encountered an increase in porphyry-type veined clasts from 185m and more importantly sulphide-mineralized porphyry clasts from 429 to 677m indicating porphyry affinity
• Re-logging of the 108m THN13-121 hole from the Glenfiddich Zone identified an increase in A-type porphyry veins at the bottom 8m of the hole suggesting porphyry proximity
• Mapping at the Chivas zone has expanded the porphyry target along strike to 3km where it remains open. This mapping identified multiple porphyry phases within the copper-in-soil anomaly, providing a drill ready target

Chairman and CEO of Brixton Metals, Gary R. Thompson stated, “Brixton continues to unlock a mountain of value at the wholly owned Thorn Project in the prolific Golden Triangle of BC. We are encouraged by the fact the hole exhibits an increase in mineralized porphyry clasts within the diatreme, which were not previously encountered. The source porphyry to these mineralized clasts is yet to be discovered. It is known that diatreme breccias and porphyry deposits tend to form in clusters.” Mr. Thompson further states that, “the mineralized system at Thorn is huge; we need more drilling to prove up these zones. Just to put this in perspective, there are three multi-kilometre targets on the property; the Chivas porphyry, the Camp Creek porphyry and the Outlaw sediment-hosted gold target which are about 4 km away from one another.

Table 1. Composite Assays for THN19-150

All reported assays are uncut weighted averages and represent drilled core lengths. The true width of reported mineralization is unknown at this time. Gold Equivalent values (AuEq) were calculated using the formula AuEq = ($1,250.00 x Au g/t ÷ 31.10 + $15.40 x Ag g/t ÷ 31.10 + $2.80 x % Cu ÷ 100 x 2204.63 + $0.90 x % Pb ÷ 100 x 2204.63 + $1.25 x % Zn ÷ 100 x 2204.63) ÷ $1,250 x 31.10 This method assumes full metal recoveries as metallurgical work has not been conducted.

Click Link for: Figure 1. Graphic-log of Metal Assays for THN19-150

Figure 2. Plan Map of the Camp Creek Corridor and Hole THN19-150

Figure 3. Long Section Camp Creek and Hole THN19-150

Figure 4. Conceptual Cross-Section of the Camp Creek Porphyry Target

IBF4