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Brixton Metals Discovers Multiple Porphyry Systems at the North Target on its Thorn Project

Exploration Programs

Brixton Metals Discovers Multiple Porphyry Systems at the North Target on its

Thorn Project

VANCOUVER, British Columbia, December 16, 2024 (GLOBE NEWSWIRE) - Brixton Metals

Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce

North Target drill hole results of the 2024 season from its wholly owned Thorn Project located in NW

British Columbia, Canada. The Thorn Project is an underexplored copper-gold porphyry district with

many large scale exploration target areas identified.

Highlights

• Brixton Metals’ maiden drill program at the North Target has intercepted a Mo-Cu porphyry

system with mineralization starting from surface consisting of:

o Multiple generations of porphyry-style quartz and quartz -anhydrite veins hosting

molybdenite, pyrite, and chalcopyrite accompanied by potassic alteration halos

o Anomalous copper and molybdenum within multi-kilometer scale alteration zones of

phyllic, potassic, and propylitic alteration centered around multi- phase crowded

porphyritic diorites

• A ground magnetotelluric geophysical survey has identified numerous conductive features

that correlate with zones of hydrothermal alteration

• Geochronology sampling highlights discovery potential of Thorn Project with multiple

metallogenic epochs identified

Vice President of Exploration, Christina Anstey, stated, “The results from the North Target highlight

the extraordinary discovery potential of the Thorn Project. Intersecting multiple porphyry systems in

an area that has seen minimal historical exploration is a testament to the strength of our technical

approach. These early findings not only confirm the presence of a robust mineralized syste m, but

also set the stage for further exploration to uncover higher-grade zones and additional targets across

this expansive and underexplored district.”

Figure 1. Thorn Project Location Map with Copper Geochemistry.

Table 1. Select Assay Intervals for Drilling at the North Target.

HQ size core samples were cut in half and sampled predominantly at 1.5m intervals. Assay values

are weighted averages. The true width of the mineralized intervals has not yet been determined.

Hole ID From (m) To (m) I nterval (m) Mo (%) Cu (%)

THN24-312 12.00 650.00 638.00 0.023 0.04

including 401.00 650.00 249.00 0.028 0.03

including 595.00 650.00 55.00 0.047 0.05

THN24-313 12.00 421.00 409.00 0.013 0.06

including 202.40 219.28 16.88 0.019 0.11

and including 275.00 294.00 19.00 0.011 0.12

THN24-296 491.00 530.00 39.00 0.005 0.04

THN24-298 No Significant Results

Figure 2. Plan Map for the North Target.

Figure 3. Plan Map for the North Target with 2024 MT Geophysical Survey at 300m depth below

surface.

Technical Discussion

The North Target is located approximately 10km northwest of the Camp Creek Porphyry Target.

Prior to the 2024 field season, exploration at the North Target has been limited to small and sporadic

surficial sampling programs and has never been drilled. Through compilation of historic work and

geological mapping by Brixton Metals, multiple porphyry, epithermal, and skarn mineral occurrences

accompanied by large alteration footprints have been identified within a north -northwest trending

11km by 4km area, highlighting the potential for a large mineral system. The North Target is underlain

by Stuhini Group upper Triass ic mafic volcanics and Laberge Group lower Jurassic sedimentary

rocks. These units are intruded by multiple Late Cretaceous to Eocene intrusions.

The 2024 field season commenced with a SPARTAN Ma gnetotelluric (MT) geophysical survey

consisting of a 108 station grid with 1-kilometer spacing. This was followed up by 4 drill holes at the

Wild Moly and Main Gossan target areas for a total of 2,266m.

Wild Moly

Wild Moly has a surface expression of strong quartz -sericite-pyrite alteration with quartz -

molybdenite-chalcopyrite veins and a coincident low resistivity feature identified from the MT survey.

This target was tested with two drill holes for a total of 1,071m leading to the discovery of a previously

unrecognized Mo- Cu porphyry system . While copper grades average 0.04% in THN24- 312 and

0.06% in THN24-313, narrow intervals have returned >0.1% Cu and further work will evaluate the

potential for zones of higher-grade copper. With an at least 1.8km by 1.2km area of phyllic alteration

mapped at surface, the system remains open in all directions.

THN24-312 was drilled at an azimuth of 128.2 degrees, a dip -65.0 degrees, and to a depth of 650m,

targeting the highest density of mapped quartz veins and center of the low resistivity anomaly. The

drill hole collared into a crowded biotite-quartz-feldspar diorite porphyry from surface to 602.85 m

where Stuhini mafic volcanic tuffs and breccias were intersected until end of hole. Mineralization

occurs in quartz-anhydrite veins with pyrite-molybdenite and rare chalcopyrite. Potassium feldspar

and biotite alteration forms halos to veins with a pervas ive sericite -pyrite overprint. THN24-312

returned 638.00m of 0.023% Mo, 0.04% Cu from 12.00m, including 55.00m of 0.047% Mo, 0.05%

Cu from 595.00m.

Figure 4. Photos of Mineralized HQ-Sized Drill Core from THN24-312.

THN24-313 was drilled from the same pad and collared at an azimuth 308.1 degrees, a dip of -65.1

degrees, and to a depth of 421m, testing a copper-in-soil anomaly. The hole collared into the diorite

porphyry until 116.35m where the lithology became Stuhini mafic volcanic dominant with sub -50m

intervals of porphyry. As with THN24 -312, porphyry-style mineralized quartz veins with potassic

halos were intersected throughout until alteration became chlorite-epidote-magnetite-pyrite

dominant at depth where i t is interpreted that the hole transitioned to the margins of the porphyry

system. THN24-313 returned 409.00m of 0.013% Mo, 0.06% Cu from 12.00m, including 19.00m of

0.12% Cu, 0.011% Mo from 275 .00m. The best copper values occur with in mafic volcanics at the

contact with the diorite porphyry.

Figure 5. Photos of Mineralized HQ-Sized Drill Core from THN24-313.

Figure 6. Cross-Section of Wild Moly Drill Holes.

Main Gossan

The Main Gossan consists of a 2.5km by 3.2km altered area with p ropylitic, sericitic, and locally

potassic alteration assemblages, widespread pyrite, and isolated occurrences of chalcopyrite,

copper oxides, and molybdenite at surface. It is underlain by Laberge Group sedimentary rocks

which are cut by multiple intrusive phases. The Main Gossan was tested with two holes totaling

1,195m targeting areas where porphyry -style quartz veins were observed on surface with a

coincident northeast trending conductive feature. The 2024 drilling has confirmed the presence of a

porphyry system at the Main Gossan.

THN24-296 was collared at an azimuth of 159.5 degrees, a dip of -68.8 degrees, and to a depth of

530m and THN24-298 was collared from the same pad at an azimuth of 245.1 degrees, dip of -60

degrees, and to a depth of 665m . Both holes collared into Laberge mudstone to conglomerate

horizons which are intruded by a hornblende- biotite-quartz-feldspar diorite porphyry. Chlorite-

epidote-magnetite-pyrite was the dominant alteration assemblage with structurally controlled zones

of sericite-pyrite overprint. Mineralization consisted of disseminated pyrite, commonly >5%, with rare

quartz-molybdenite and quartz -sphalerite-galena-chalcopyrite veins. Both holes ended in an

intrusive breccia with elevated copper values, including THN24-296 which returned 39.00m of 0.04%

Cu and 0.005% Mo from 492.50 meters to end of hole. While the Main Gossan holes returned no

significant intercepts, the widespread propylitic alteration suggests drilling intersected the margins of

a concealed porphyry system.

Figure 7. Photos of Mineralized HQ-Sized Drill Core from THN24-296.

Figure 8. Photos of Mineralized HQ-Sized Drill Core from THN24-298.

Figure 9. Cross-Section of Main Gossan Drill Holes.

Geophysics

The MT survey has identified numerous near-surface conductive features across the target area.

With the survey successfully highlighting the Wild Moly porphyry discovery as a resistivity low, further

ground-truthing of other anomalies is planned for the 2025 field season . One resistive feature of

interest is a 3km wide donut-shaped conductor located at the south end of the target area (Figure

3). The flanks of the conductor correspond with quartz -sericite-pyrite alteration and the central

portion is interpreted to be covered by post -mineral volcanics. The geophysical data will be further

evaluated and will incorporate petrophysical properties collected on drill core and surface samples

into a constrained inversion.

Geochronology

A Re-Os geochronology sample from a molybdenite vein at the Main Gossan has returned an age

date of 58 +/- 0.2 Ma. While mineralization at the Main Gossan and Wild Moly are interpreted to be

Paleocene in age, 3km south of the Main Gossan, U-Pb zircon age dating of a porphyritic intrusion

with weak chalcopyrite mineralization has returned 85.5 +/- 0.7 Ma, coeval with the mineralizing PX

porphyry at the Camp Creek Porphyry Target. Along with known Late Triassic mineralization in the

central portions of the property and Neogene epithermal mineralization adjacent to the Thorn Project

at Newmont’s Hearts Peak Property, these results highlight the discovery potential of the area with

multiple metallogenic epochs identified.