April 14, 2011 – Brixton Metals Corporation(TSX-V: BBB) (the “Company” or “Brixton”) is pleased to announce that it has completed a brokered private placement of a total of 1,465,000 units at a price of $0.20 per unit (consisting of one common share and one-half of one warrant) (the “Units”) for total gross proceeds to the Company of approximately $293,000. The agent for the private placement was Casimir Capital Ltd.Each whole warrant is exercisable to acquire one common share of Brixton for a period of 24 months at an exercise price of $0.30 per Brixton share. The securities bear a four month and one day hold period. Agent’s fees totalling approximately $23,440 in cash and 117,200 broker warrants were paid in accordance with the policies of the TSX Venture Exchange. Each broker warrant is exercisable into one common share of the Company at a price of $0.20 per share for a period of 24 months. The proceeds of the private placement will be used for advancing the Company’s properties and for general and administrative purposes.
About Brixton Metals Corp.
Brixton is a Vancouver based mineral exploration company engaged in the acquisition and exploration of precious metals assets. Brixton’s management is focused on advancing large-scale deposits to feasibility. Brixton’s portfolio is comprised of two properties: Thorn (BC), and Kahilt (Alaska). The Kahilt District is the name Brixton has given to its lands within the Kahiltna Terrane, a 650 km long section of Alaska that was infused with copper and gold mineralization. The Kahiltna Terrane hosts the giant Pebble gold-copper deposit of Anglo-American and Northern Dynasty, the Whistler gold-copper deposit being developed by Kiska Metals, and Millrock Resources’ Estelle gold property being explored in joint venture with Teck American Incorporated. Brixton Metals trades on the TSX Venture Exchange under ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO