The Company’s shareholders also approved certain amendments by way of special resolution to the constating documents of the Company providing for electronic delivery of meeting materials and advance notice of shareholder nominees for election of directors (the “Advance Notice Provision”). The Advance Notice Provision fixes a deadline by which holders of record of common shares of the Company must submit their nominees for election as directors to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company. A full description of the Advance Notice Provision is set out in the company’s management information circular which has been filed on SEDAR in connection with the Annual Meeting.

The Advance Notice Provision will ensure, among other things that all shareholders of the Company are provided with sufficient notice of proposed alternative nominees well in advance of an annual meeting and any other annual or special meeting and that all of the shareholders are given ample opportunity to vote on a fully informed basis.

Brixton plans to resume exploration activity at the 100% owned Thorn project sometime in June.

About Brixton Metals Corporation

Brixton Metals is an exploration company focused on the advancement of precious metal assets to feasibility. Brixton’s Thorn Project is located in northwestern British Columbia, Canada, about 40km from Chieftain’s Tulsequah Chief Mine development. Targets at Thorn include high grade silver-gold-lead-zinc-bearing diatreme-breccia zones, high-grade gold-silver veins and porphyry targets.  Assay results from Hole 60 in the Oban Zone returned 95m of 628 g/t Ag and 1.7 g/t Au, 3.3% Pb and 2.4% Zn from surface.

Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr.GaryR.Thompson, Chairman and CEO,

Tel: 604-630-9707

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Brixton Metals Corporation

Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. The 100 percent owned Thorn Property is Brixton’s flagship property and is centered on high grade silver-gold-lead-zinc-bearing diatreme-breccia zones, high-grade veins and porphyry targets. The Thorn Property is located in northwestern British Columbia, Canada, about 40 km from Chieftain’s Tulsequah mine development. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr.GaryR.Thompson, Chairman and CEO,

Tel: 604-630-9707

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Mr. Gary R. Thompson, Chairman and CEO stated, “We are delighted to have completed these two significant milestones and look forward to the 2013 exploration season, where we anticipate another successful year at the Thorn project.”

Pursuant to the terms of an ancillary rights agreement, Hecla has been granted various rights, exercisable for so long as Hecla holds at least a 10.0% interest in Brixton (calculated in accordance with that agreement). These rights include: (a) a right to nominate one person to Brixton’s Board of Directors, (b) a right to nominate one person to a technical committee, to be established to design and execute the Company’s exploration programs at the Thorn Property, and (c) a pre-emptive right to participate in any future proposed equity offering of Brixton in order to maintain its pro rata interest at 19.8%. Pursuant to the terms of the ancillary rights agreement, Hecla has also agreed to a voting agreement whereby Hecla will vote all Shares held by it in favour of management’s proposals on matters of routine business for a period of 12 months from the closing date of the Financing.

All securities issued in the Financing will be subject to a statutory four month and one day hold period.  Proceeds from this Financing were used to complete the Acquisition and the remaining balance will be used for further exploration at the Thorn Property during the upcoming field season and general corporate and administrative purposes. The shares issued to Kiska are escrowed over a 12 month period. Kiska will receive $1,500,000 in cash and 7,000,000 Brixton shares in exchange for 100% of the Thorn project subject to underlying royalties.

About Brixton Metals Corporation

Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. The 100 percent owned Thorn Property is Brixton’s flagship property and is centered on high grade silver-gold-lead-zinc-bearing diatreme-breccia zones, high-grade veins and porphyry targets. The Thorn Property is located in northwestern British Columbia, Canada, about 40 km from Chieftain’s Tulsequah mine development. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr.GaryR.Thompson, Chairman and CEO,

Tel: 604-630-9707

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Mr. Gary Thompson, Chairman and CEO of Brixton Metals stated, “Hecla’s endorsement through this strategic investment is a huge vote of confidence for Brixton and speaks volumes to the potential of the Thorn project.  Hecla also brings a wealth of knowledge gained from 120 years of mining and exploration experience, and this expertise will add great strength to the Brixton team.”

Proceeds from this non-brokered financing will be applied to completing the 100% acquisition of the Thorn Project and further exploration at Thorn during the upcoming field season.

On closing of the Financing, Hecla will be granted various rights pursuant to the terms of an ancillary rights agreement, exercisable for so long as Hecla holds at least a 10.0% interest in Brixton (calculated in accordance with that agreement). These rights include: (a) a right to nominate one person to Brixton’s Board of Directors, (b) a right to nominate one person to a technical committee, to be established to design and execute the Company’s exploration programs at the Thorn property, (c) a pre-emptive right to participate in any future proposed equity offering of Brixton in order to maintain its pro rata interest. Pursuant to the terms of the ancillary rights agreement, Hecla will also agree to a voting agreement whereby Hecla will vote all Shares held by it in favour of management’s proposals on matters of routine business for a period of 12 months from the closing date of the Financing.

All securities issued in the Financing will be subject to a statutory four month and one day hold period. The Financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange.

The closing date for the Financing is expected to be on or about February 26, 2013. The remaining net proceeds from the Financing will be used to undertake exploration on the Thorn property and for general corporate purposes.

About Brixton Metals Corporation

Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. Brixton’s Thorn Property is centered on high grade silver-gold-lead-zinc-bearing breccia-diatreme zones, high-grade veins and porphyry related targets. The Thorn Property is located in northwestern British Columbia, Canada, about 40 km from Chieftain’s Tulsequah mine development. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr.GaryR.Thompson, Chairman and CEO,

Tel: 604-630-9707

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; the completion of the Financing, the receipt of any regulatory approvals for the Financing and statements about the closing date, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX  Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Brixton undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Under the terms of the Purchase and Sale Agreement, Brixton will acquire a 100% interest in the Thorn Property through the payment to Kiska of $1.5 million in cash and the issuance of an aggregate of 7 million common shares of Brixton. The consideration shares will be subject to voluntary trading restrictions which will restrict their transferability for a period of twelve months from the closing date. The completion of the Transaction is subject to a number of conditions, including completion by Brixton of a financing (or other transaction) and receipt of TSX Venture Exchange approvals. The Transaction is scheduled to close by February 28, 2013 (or such other date as mutually agreed to by parties). There can be no assurance the Transaction will be completed as proposed or at all.

Corporate Update

Brixton appointed and promoted Carrie Sikman to Vice President Investor Relations effective February 1, 2013.

Project Update

Brixton filed its 2012 Assessment Report on the Thorn Project with the British Columbia Ministry of Energy and Mines. A copy of the report can be viewed at the following link.

http://brixtonmetals.com/wp-content/uploads/Thorn2012_Assessment.pdf

The 2012 program at Thorn included; 2,890m of NQ core drilling from 26 holes at the Oban zone; the collection of 362 soil-talus fines samples from the Amarillo area; multispectral ASTER data was acquired; the Oban grid IP geophysical data was inverted into a 3D IP model; petrology for mineralization and alteration was conducted on 6 core samples from the Oban zone.  See link to view a 3D grade shell model of the Oban zone:  http://brixtonmetals.com/thorn-3-d-model/

Brixton identified a Northeast trending (Ag-Pb-Au-Zn) anomaly of 1,000m by 500m in the Amarillo Creek area which in part overlaps with a multi-kilometer scale area of alunite-illite-kaolinte alteration from ASTER data. The geochemical and ASTER data trend is coincident with the 2010 airborne EM geophysical anomaly.

The most significant hole at the Oban zone in 2012 was hole THN12-84, see below as previously released, where 90 percent of the 337m hole was mineralized.

Exploration Plans for 2013

The 2013 program at Thorn is proposed to include: expansion drilling at the Oban zone, drill testing to the south, north and at depth: drill testing the Oban-sister IP anomaly to the east; infill and expand the 3d IP geophysical survey centered around the Oban area; infill and expand soil sampling over the anomalies identified in 2012 in the Amarillo area; infill and expand soil sampling over the large Outlaw geochem anomaly.

Mr. Sorin Posescu, P. Geo., is a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.

About Brixton Metals Corporation

Brixton is an exploration company engaged in the exploration of precious metal assets and advancing them to feasibility. The Thorn property is centered on high-grade silver-gold-lead-zinc-bearing breccia-diatreme zones, high-grade Ag-Au-Cu veins and potential porphyry targets. The Thorn Property is located in northwestern British Columbia, Canada, between the past producing Golden Bear Mine and Chieftain’s Tulsequah Chief Mine Development and about 130 km south from the village of Atlin, BC. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr.GaryR.Thompson, Chairman and CEO,

Tel: 604-630-9707

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; the completion of the Transaction and the proposed financing, the receipt of any regulatory approvals for the Transaction and statements about the closing date, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX  Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Brixton undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Mr. Gary R. Thompson, Chairman and CEO stated “This is an exciting and major milestone for Brixton Metals and its shareholders. This transaction cleans up the ownership structure and enables us to secure the upside potential of further discoveries for our shareholders.”

Pursuant to an option agreement between Brixton and Rimfire dated June 3, 2010, as amended (the “Option Agreement”), Brixton has been undertaking exploration on the Thorn Property to earn a 51 percent interest by, among other things, incurring exploration expenditures of $5 million. To-date, Brixton has incurred approximately $4.1 million in exploration expenditures on the Thorn Property and was scheduled to vest its 51 percent interest in the Thorn Property by Spring 2013. This Transaction will enable Brixton to acquire full control of the Thorn Property, subject to underlying royalties.

The Transaction and Conditions to Completion

The Transaction will be completed by way of a purchase and sale agreement (“SPA”) to be entered into between Brixton, Rimfire and Kiska. The completion of the Transaction will be subject to a number of conditions, including entering into the SPA, completion by Brixton of an equity financing to raise sufficient cash to finance the cash component of the consideration for the Transaction, approval of the SPA by Brixton, Rimfire and Kiska’s respective boards and receipt of all required TSX Venture Exchange (the “Exchange”) approvals. The Transaction is scheduled to close by February 28, 2013 or such other date as mutually agreed to by parties. There can be no assurance that the Transaction will be completed as proposed or at all.

The Thorn Property Highlights

Drilling at the Oban breccia zone in 2011 and 2012 returned significant high-grade silver intercepts. As stated in company news releases previously, the following are selected intervals from the Oban zone drilling.

• THN11-60: 9.25m of 2,984 g/t Ag, 3.04 g/t Au, 2.39% Zn and 11.65% Pb within a broader interval of 95.08m of 628 g/t Ag, 1.71 g/t Au, 2.39% Zn and 3.31% Pb.
• THN12-84: 123m of 190.68 g/t Ag, 1.19 g/t Au, 3.25% Zn and 1.74% Pb within a broader interval of 310m of 105.82 g/t Ag, 0.71 g/t Au, 1.76% Zn and 0.90% Pb.
• THN12-83: 13m of 725.55 g/t Ag, 2.01 g/t Au, 3.68% Zn and 3.33% Pb within a broader interval of 150.50m of 165.30 g/t Ag, 1.37 g/t Au, 1.25% Zn and 0.95% Pb.

Numerous high-grade gold-silver targets remain untested throughout the 26,000 hectare property.  Brixton plans an aggressive exploration program for the 2013 season.

About Brixton Metals Corporation

Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. The Thorn Property is Brixton’s flagship property and is centered on silver-gold-lead-zinc-bearing breccia zones, high-grade veins and porphyry targets. The Thorn Property is located in northwestern British Columbia, Canada, about 50 km from the past producing Golden Bear Mine and 130 km southwest from the village of Atlin, BC. Brixton Metals Corporation shares trade on the TSX-V under the 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,

Tel: 604-630-9707

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; the completion of the Transaction, the receipt of any regulatory approvals for the Transaction, statements about the closing date, use of proceeds and exercise of the Company’s option agreement, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX  Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Excelsior undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All FT Shares issued pursuant to this Private Placement will be subject to a four month and one day hold period. On closing, the Company paid finders’ fees of $91,882.

About Brixton Metals Corporation

Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. The Thorn Project is Brixton’s flagship property and is centered on silver-gold-lead-zinc-bearing breccia zones, high-grade veins and porphyry targets. The Thorn property is located in northwestern British Columbia, Canada, about 50 km from the past producing Golden Bear Mine and 130 km southwest from the villageof Atlin, BC. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr.GaryR.Thompson, Chairman and CEO,

Tel: 604-630-9707

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the closing date, use of proceeds and exercise of the Company’s option agreement, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX  Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Excelsior undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All securities issued pursuant to this Private Placement will be subject to a four month and one day hold period. The Private Placement is subject to a number of closing conditions, including, without limitation, receipt of all regulatory approvals.

The closing date for the Private Placement is scheduled to occur on or about December 21, 2012. The proceeds from the Private Placement will be used to fund exploration activities for 2013 at the Company’s Thorn property. The Company may pay a finders’ fee in respect of certain subscribers in accordance with the policies of the TSX Venture Exchange.

For more information and to receive the term sheet and subscription agreement please contact:

Carrie Sikman, Investor Relations Manager
Email: info@brixtonmetals.com
Tel: 604 630 9707

About Brixton Metals Corporation
Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. The Thorn Project is Brixton’s flagship property and is centered on silver-gold-lead-zinc-bearing breccia zones, high-grade veins and porphyry targets. The Thorn property is located in northwestern British Columbia, Canada, about 50 km from the past producing Golden Bear Mine and 130 km southwest from the village of Atlin, BC. Brixton Metals Corporation shares trade on the TSX-V under the 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,
Tel: 604-630-9707

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the closing date, use of proceeds and exercise of the Company’s option agreement, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Excelsior undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Highlights

• THN12-84 intercepted 123.00m of 402.52 g/t AgEq (190.68 g/t Ag, 1.19 g/t Au, 3.25% Zn, 1.74% Pb and 0.06% Cu) within broader intervals of 201.00m of 303.64 g/t AgEq and 310.00m of 223.52 g/t AgEq
• The interpreted apparent width of the Oban zone has increased up to 140m, depth to 325m and strike of 130m
• THN12-85 combined with hole THN11-57 show a zonation in metal content with increasing copper grades at depth

Mr. Gary R. Thompson, Chairman and CEO stated, “The Oban zone continues to display outstanding drill results. This latest spectacular intercept is a testament to the project’s potential, setting the stage for further volume building with high grade metal content.” Mr. Thompson further added, “I believe our intercepts reported this year have given us a reasonable number of data points at the zone which allow us to calculate an apparent thickness of up to 140m and a depth in excess of 325m. The high grade zone remains open to further expansion and we plan to aggressively drill test the Oban zone in 2013”.

Hole THN12-84 was collared at an elevation of 894m and drilled at an azimuth of 170 degrees with a dip of -63 degrees to a depth of 337.72m. Hole THN12-84 intersected 17.00m of 526.14 g/t AgEq (251.47 g/t Ag, 1.45 g/t Au, 3.99% Zn, 2.78% Pb and 0.05% Cu) within 123.00m of 402.52 g/t AgEq (190.68 g/t Ag, 1.19 g/t Au, 3.25% Zn, 1.74% Pb and 0.06% Cu) from 44m depth and within 201.00m of 303.64 g/t AgEq (145 g/t Ag, 0.95 g/t Au, 2.35% Zn, 1.26% Pb and 0.05% Cu) within a broader interval of 310.00m at 223.51 g/t AgEq (105.82 g/t Ag. 0.71 g/t Au, 1.76% Zn, 0.90% Pb and 0.03% Cu) from 26m depth.

The mineralization occurs as phases of up to semi-massive sulphides and sulphosalts in breccia matrix. Mineralization also occurs as disseminated, veinlet to crackle breccia style. The dominant minerals are pyrite, tetrahedrite, sulfosalt, sphalerite with lesser galena and chalcopyrite. Within the breccia matrix infill these minerals form layered rims around breccia fragments.

Hole THN12-85 was collared at an elevation of 894m and drilled at an azimuth of 170 degrees with a dip of -75 degrees to a depth of 337.72m. The interval from 261m to 294m had increasing chalcopyrite mineralization.

Hole THN12-81 and THN12-82 were drilled from the same pad at an elevation of 915m, an azimuth of 325 degrees, a dip of -60 and -45 degrees and drilled to a depth of 95.10m and 83.47m respectively. The mineralized zone remains open to the North.

To view photographs of the core please click on this link

Hole THN12-86 and THN12-87 were drilled as a Northeast step to test for surface extension.  These holes were collared at an elevation of 911m, were drilled at an azimuth of 145 degrees, dips of -75 and -55 degrees and drilled to depths of 130.45m and 118.26m respectively. Holes 86 and 87 were drilled into Thorn stock and did not encounter Oban Breccia. THN12-86 intersected 4.00m of 78.33 g/t AgEq (31.98 g/t Ag, 0.27 g/t Au, 0.15% Cu, 0.35% Zn and 0.18% Pb) from 42.50m depth. THN12-87 did not return significant results.

Quality Assurance & Quality Control

Mr. Sorin Posescu, P.Geo., VP Geology prepared a QAQC protocol for the Company and oversaw sampling procedures. Ms. Caroline Vallat, P.Geo., from GeoSpark Consulting Inc. conducted an independent QAQC review which returned strong accuracy of the analytical results. Sealed samples were shipped by the Company geologists to ALS Minerals preparation lab in Whitehorse, Yukon. ALS Minerals laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures.  Blank, duplicate and certified reference materials were inserted into the sample stream. Analysis for gold was done by Fire Assay with AA finish.  All other elements were analyzed by Aqua Regia Digest with ICP-AES finish. Silver over-limits were analyzed by fire assay with gravimetric finish. Base metal over-limits were analyzed with Aqua Regia Digest and AA finish. A copy of the QAQC protocols can be viewed at the Company’s website.

Silver equivalent (AgEq) values were calculated using $1,088 per ounce of gold, $19.62 per ounce of silver, $3.20 per pound for copper $0.80 per pound of lead, $0.80 per pound of zinc, all with 100% metal recoveries assumed.

AgEq = Ag g/t + (Au g/t x 34.98/0.63) + (Pb% x 17.64/0.63) + (Zn% x 17.64/0.63) + (Cu% x 70.55/0.63)

Mr. Sorin Posescu, P.Geo., VP Geology, is a Qualified Person as defined under National Instrument 43-101 standards and has reviewed and approved this news release.

About The Thorn Project

The 26,000 hectare Thorn Property is located 130 km southwest from the village of Atlin in Northwestern British Columbia, Canada, between the past producing Golden Bear Mine and Chieftain Metals’ Tulsequah Chief Mine development. The geology of the Thorn project straddles a bimodal Late Cretaceous to Eocene volcano-plutonic complex and Upper Triassic to Middle Jurassic Stuhini Group submarine volcanic and sedimentary rocks. The Oban breccia zone is located in the heart of a 6 km mineralized corridor which is within the central portion of the property. Brixton Metals Corporation holds a two-phase option agreement with Rimfire Minerals Corporation (now Kiska Metals Corporation). Brixton can earn either a 51 percent or 65 percent interest by making cash and share payments and incurring five million dollars and ten million dollars in exploration expenditures respectively. Kiska may elect to form a Joint Venture with Brixton at the 49/51 or 35/65 stage, or take dilution where Brixton may increase its ownership.  Brixton shall be the operator in either case.

About Brixton Metals Corporation

Brixton is an exploration company engaged in the acquisition and exploration of precious and base metal assets with the intention of advancing any properties of merit to commercial feasibility. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Director

Mr. Gary R. Thompson, P.Geo., Chairman and CEO,

Tel: 604-630-9707

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the planned exploration programs and uncertainties related to the outcome of exploration programs, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX  Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Brixton undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.