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Brixton Metals Closes $1.8M First Tranche of Private Placement and Provides Corporate Updates

April 4, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has closed its previously announced private placement of units and flow-through common shares for aggregate gross proceeds of approximately $1.8 million (the “Private Placement”). The Private Placement was brokered by Gravitas Securities Inc. (“Gravitas”) and Red Cloud Klondike Strike Inc. (together, the “Agents”) and the Private Placement included a non-brokered component that completed concurrently. The Company intends to use the net proceeds to advance its Thorn project and its Langis project, and for general working capital. The Private Placement consisted of the issuance of 2,776,800 units (“Units”) at a price of $0.50 per Unit for proceeds of $1,388,400 and the issuance of 711,200 flow through common…

Brixton Metals Announces Brokered Financing of $4 Million led by Gravitas Securities Inc.

February 24, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has entered into a letter agreement with Gravitas Securities Inc. (the “Agent”), with a syndicate of agents, in connection with a best efforts private placement offering of up to $4.0 million (the “Private Placement”). The Private Placement will consist of any combination of units (“Units”) to be issued at a price of $0.50 per Unit and common shares issued on a ‘flow through’ basis under the Income Tax Act (Canada) (the “FT Shares”) at a price of $0.55 per FT Share. Each Unit will consist of one common share and one common share purchase warrant (“Warrant”) with each Warrant exercisable by the holder into one common…

Brixton Metals Provides Project Updates

February 22nd, 2017 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce project updates for its gold-silver properties located in both Ontario and British Columbia, Canada. The Company has filed with the Mineral Title Division of the Ministry of Energy, Mines and Petroleum Resource the 2016 Assessment report on the Thorn project located in Northwest British Columbia. The report can be found at the following link: http://brixtonmetals.com/wp/wp-content/uploads/2017/02/Thorn-2016-Assessment-Report-FINAL.pdf The 2016 exploration expenditures at the Thorn project totalled $1,668,622. The Company is planning to drill test the newly defined large scale Chivas gold target at the Thorn Project. The Chivas target was established during the 2016 exploration program by soil geochemistry and IP geophysics and has never been drilled. The Company is planning…

Brixton Metals to Acquire Gowganda Mine from Tahoe Resources

Past Silver Production: 40.7 Moz Ag at 22 opt Ag December 19, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has entered into an asset purchase agreement on an “as is, where is” basis with Temex Resources Corp. (“Temex”), a subsidiary of Tahoe Resources Inc., to acquire 100 percent interest in the Gowganda Mine, a past-producing underground silver mine (“Gowganda Silver Project”) in Ontario, Canada. The Company engaged Stony Environmental Inc. to review and complete environmental due diligence on the Gowganda Silver Project. Highlights: • Past production of 40.7 Moz silver at 22 ounces/ton; • Tailings NI 43-101 indicated resource of 2.96 Moz Ag at 47.5 g/t Ag (2011); • Excellent infrastructure, power and year-round access;...

Brixton Metals Expands the Outlaw Sediment Hosted Gold Zone

Provides Summary of the 2016 Exploration Season at Thorn November 24, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has expanded the gold mineralization strike length at the Outlaw Zone and has now released the remaining results from the 2016 program on its Thorn Project located in Northwest British Columbia, Canada. The Company drilled five holes at the Outlaw Zone for a total of 1,190 metres and four holes at the Aberlour Zone for a total 455 metres for a sum of 1,645 metres. Highlights from the 2016 Exploration Program at the Thorn Project: Near surface gold mineralization confirmed along a 450m strike length and remains open; The Outlaw Zone gold-in-soils and the sedimentary unit has...

Brixton Metals Delineates A New Large IP and Gold-in-Soil Anomaly

November 9, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce the results from the 2016 soil and rock geochemistry and IP ground geophysics programs at its 100 percent owned Thorn project. The Company collected a total of 2,337 soil samples and 247 rock samples throughout the property and completed 15.5 kilometres of ground IP geophysics at the Chivas Zone. The latest soil and rock assays represent results from a two-phase 2016 geochemical survey focused on delineating the Chivas Zone as well as expanding other geochemical anomalies on the Thorn property. Results have delineated a substantial 7 square-kilometer gold-in-soil anomaly at the Chivas Zone with a predominant northwest trend. The strike length of the anomaly is 3.5 kilometres long…

Brixton Metals Drills 10m of 3.61 g/t Au within 52m of 0.94 g/t Au at The Outlaw Sediment Hosted Gold Zone at its Thorn Project

October 31, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce partial drilling results from its 2016 phase 2 exploration program at its 100 percent owned Thorn project. Brixton completed nine NQ sized core drill holes for a total of 1,645 metres at the Outlaw and Aberlour Zones. The Company drilled five holes at the Outlaw Zone totalling 1,190 metres and four holes at the Aberlour Zone totalling 455 metres. The Company also collected 1453 soil and 88 rock samples throughout the property and completed 15.5 kilometres of ground IP geophysics survey at the Chivas Zone. Highlights Two gold zones were identified in hole 132: a) 18 metres of 1.61 g/t Au, 12.30 g/t Ag from surface; and b)...

Brixton Metals Drills 1,084 g/t Ag over 2 metres at its Langis Project

October 18, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce the completion of its drilling program and provide complete assay results from the drill holes at its wholly owned Langis silver project located in Ontario, Canada. Brixton has drilled 15 holes for a total of 3,170 metres designed to confirm historic drill results and test new targets at the past producing site. Brixton also completed 720 kilometres of a combined airborne (Quadra-Mag) high resolution magnetics and (VLF-EM) very low-frequency electromagnetic survey. The work was conducted over the Langis, Hudson Bay and Cobalt lands held by Brixton. The ultra-wide horizontal and vertical gradient allow mapping of subtle changes in rock properties in an attempt to map mineralized veins and…

Brixton Metals Acquires Additional Lands at its Langis Property

September 30, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has entered into a purchase and sale agreement with Agnico Eagle Mines Limited (“Agnico Eagle”) dated September 30, 2016 (the “Acquisition”) to acquire 100% control over certain additional real property adjoining the Company’s Langis Property. Chairman and CEO of Brixton, Gary R. Thompson stated, “The acquisition of the Penna lands are both patented surface and mineral rights which cover the lands over shaft number 7 filling in our Langis mine holdings. This area has been where our most recent drilling has taken place.”  Upon completion of the Acquisition, Brixton will pay Agnico Eagle $200,000 and assume environmental and mine closure liabilities in the amount of approximately...

Brixton Metals Closes Oversubscribed $3.3M Private Placement and Provides Projects and Corporate Updates

September 14, 2016 – Brixton Metals Corporation (TSXV: BBB) (the “Company” or “Brixton”) is pleased to announce that it has closed its previously announced brokered private placement of units and flow-through common shares for aggregate gross proceeds of $3,270,015 (the “Private Placement”). The Private Placement was brokered by Red Cloud Klondike Strike Inc. and M Partners Inc. (together, the “Agents”). The Company intends to use the proceeds of the Private Placement to advance its Thorn project and its Langis project, and for general working capital. The Private Placement consisted of the issuance of 2,885,700 units (“Units”) at a price of $0.70 per Unit for proceeds of $2,019,990 and the issuance of 1,666,700 flow through common shares (the “FT Shares”) at a price of $0.75 per...
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