Brixton Metals Announces Completion of Warrant Acceleration and the Exercise of Warrants Held by Robert McEwen

Brixton Metals Announces Completion of Warrant Acceleration and the

Exercise of Warrants Held by Robert McEwen

VANCOUVER, British Columbia, Oct. 11, 2018 -- Brixton Metals Corporation (TSXV: BBB) (the “ Company” or “Brixton”) is

pleased to announce it has successfully completed the acceleration (the “ Acceleration ”) of 7,250,000 share purchase

warrants (the “Warrants”) issued pursuant to a private placement of units that closed in April 2016. On completion of the

Acceleration, 4,044,000 Warrants were exercised (of which 1,340,000 Warrants that were held by directors and officers of the

Company and 4,000 Warrants issued to finders of the private placement were exercised) at the cash exercise price of $0.15,

for gross proceeds of $606,600 and the remaining 2,424,000 Warrants were cancelled. Mr. Robert McEwen, through his wholly

owned company Evanachan Limited, exercised 2,500,000 Warrants and received 2,500,000 common shares of the Company.

Each Warrant entitled the holder thereof to purchase one common share of the Company at a price of $0.15 per share for a

period of 36 months from the issue date. The Company had the right to accelerate the expiry date of the Warrants in the event

that the closing price of the Company’s common shares was equal to or greater than $0.25 for twenty consecutive trading

days on the TSX Venture Exchange (the “ Acceleration Event ”). The Company gave notice to the Warrant holders that the

Acceleration Event had occurred during the term of the Warrants and the expiry date of the Warrants was accelerated to thirty

(30) days after the date of the notice, being October 10, 2018.

About Brixton Metals Corporation

Brixton Metals Corporation is a gold-silver exploration & development company focused in Canada and USA. Brixton wholly

owns 4 projects. The advanced stage, Hog Heaven silver-gold-copper project in NW Montana, USA is a past producer of direct

ship ore. Two district scale gold projects, "Thorn (Golden Triangle)" and "Atlin" in British Columbia, Canada, have generated

excellent results to date. Lastly, two past producing high-grade silver-cobalt mines, the Langis-Hudson Bay projects, are

brownfield projects with excellent infrastructure and are located in Ontario, Canada. The Langis and Hudson Bay mines

produced at 25 and 123 opt silver, respectively.  The Company is actively seeking JV partners to advance one or more of its

projects.

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 or email: [email protected]

For Investor Relations, please contact Mitchell Smith at [email protected] or 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, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a

mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other

than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds, 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; and the additional risks identified in the annual information form of the Company or other

reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based

on management’s beliefs, estimates and opinions on the date that statements are made and the Company 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.