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Brixton Metals Drills 6.00m of 5.07 g/t Gold within 66.00m of 0.80 g/t Gold at its Trapper Target on the Thorn Project

Drill Results

Brixton Metals Drills 6.00m of 5.07 g/t Gold within 66.00m of 0.80 g/t Gold at its

Trapper Target on the Thorn Project

VANCOUVER, British Columbia, October 16, 2023 (GLOBE NEWSWIRE) - Brixton Metals

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

the first batch of 2023 drill results from the Trapper Gold Target at its wholly owned Thorn Project .

The project is located in Northwest British Columbia, 90km east of Juneau, Alaska and within the

Taku River Tlingit and Tahltan First Nation’s traditional territory.

Highlights

• Drilling extended the Trapper gold mineralization 250m down-dip along the Lawless fault

• Hole THN23-270 yielded 98.00m of 0.62 g/t Au from 98.0m depth

o Including 66.00m of 0.80 g/t Au

o Including 32.00m of 1.15 g/t Au

o Including 6.00m of 5.07 g/t Au

• Hole THN23-268 yielded 55.71m of 0.82 g/t Au from 152.29m depth

o Including 24.31m of 0.93 g/t Au

o Including 7.00m of 2.67 g/t Au

Vice President of Exploration, Christina Anstey, stated, “We are highly encouraged by the gold

intercepts we’ve observed in the broad step out holes drilled at the Trapper Gold Target to date. We

look forward to reporting on the additional results from the Trapper Target from the 2023 season.”

Figure 1. Gold Geochemistry and Trapper Target Location Map.

Table 1. Select Mineralized Intervals for the Trapper Target Drilling.

All assay values are uncut weighted averages and intervals reflect drilled lengths as further drilling

is required to determine the true widths of the mineralization.

Discussion

The 2023 program at the Trapper Gold Target totaled 6,625.24m of drilling. This News Release

covers 3,027m of drilling for a total of 12 drill holes with assays pending for the remaining 11 drill

holes, which will be released as they become available.

Figure 2. Simplified Geology Map with Collar Locations and Drill Traces at the Trapper Target.

Gold mineralization at Trapper is structurally controlled along the Lawless fault trending northwest-

southeast and dipping moderately to the north. Mineralization appears to favour the contact between

the Cretaceous (85.2 +/- 1.2Ma) quartz diorite and the Triassic lapilli tuff s with broad gold intervals

largely hosted along the faulted contact . The gold is associated with silver and base metal veins

containing pyrite-galena-sphalerite +/- chalcopyrite +/- bornite which occur conjugate to the Lawless

fault. Through a combination of oriented core drilling, surface mapping, geochemistry and

geophysics, the aim is to achieve predictability of the gold-bearing zones. The current drilling at the

Trapper Target is located 7km southeast from the Camp Creek Copper Porphyry Target. At surface,

the Trapper Target is expressed as a 4km northwest trending gold and zinc soil geochemical

anomaly which is part of the larger 11km gold geochemical anomaly trending from Camp Creek to

the Trapper Target.

The 2023 drill campaign at Trapper was designed to test the extents of the main mineralized corridor

along the Lawless fault zone, as well as testing step-out targets where similar structural and

geophysical features were interpreted using the high-resolution aeromagnetic survey completed in

2022. Drilling was planned through a combination of mapping, oriented core data analysis,

geophysics, and soil geochemistry. Results from the 2023 drill program continue to demonstrate the

potential for broad intercepts of near surface gold mineralization which remains open in several

directions.

Figure 3. 3D Conceptual Deposit Model of the Trapper Gold Target, Northwest View.

Drill holes THN23-268, THN23-269 and THN23- 270 were collared from the same drill pad, 40m

southwest of THN22-237 (304.46m of 1.19 g/t Au including 14.0m of 10.70 g/t Au) to test the southern

extents of mineralization along the diorite-lapilli tuff contact. THN23-270 collared into quartz diorite

and at a downhole depth of 58.5m intervals of base metal sulphide v eins containing visible gold

(Figures 4) were observed resulting in significant broad intercepts of gold mineralization. THN23-270

drilled to a depth of 235.00m, assaying 208.00m of 0.37 g/t Au from 18.00m depth including 98.00m

of 0.62 g/t Au, including 66.00m of 0.80 g/t Au, including 32.00m of 1.15 g/t Au, including 11.00m of

3.01 g/t Au, and including 6.00m of 5.07 g/t Au.

THN23-268 was drilled to a depth of 292m and planned to test the east -west trending mineralized

veins observed in 2022 drilling. One instance of visible gold was observed at 176.45m within a base

metal bearing vein hosted in the lapilli tuff. This hole intercepted 244.00m of 0.35 g/t Au, including

75.00m of 0.65 g/t Au, including 55.71m of 0.82 g/t Au, including 24.31m of 0.93 g/t Au, and including

7.00m of 2.67 g/t Au. THN23-269 was drilled below hole 268 to a depth of 205.00m and was planned

to test the southern extents of mineralization along the Lawless fault. The hole crossed the fault at

12.69m and no significant mineralization was observed in the footwall.

Figure 4. Visible Gold Photographs of HQ Core from Hole THN23-270.

THN23-264, THN23-265 and THN23- 266 were drilled approximately 500 meters east of the main

Trapper Target area and were planned to test high grade gold veins observed on surface along Inlaw

Creek. Narrow intervals of high- grade veins were observed in holes 264 and 265 and additional

drilling is required to further define the extents of mineralization in this area.

THN23-267 was collared 60.00m northwest of THN22-205 (64.00m of 5.74 g/t Au including 28.95m

of 10.36 g/t Au) to test the western extent of the main mineralized trend. Due to surface ground

conditions the hole was collared north of the main fault and drilled to a depth of 297.00m. Hole 267

is interpreted to be on the shoulder of the main gold zone and intercepted broad intervals of low -

grade gold with elevated silver grades, including 11.41m of 0.70 g/t gold and 21.74 g/t silver.

Figure 5. Gold Surface Geochemistry Map with Collar Locations and Drill Traces at the Trapper

Target.

THN23-278 was planned as an 85m step out from the previously drilled holes along the Lawless

fault. This hole was to a total depth of 592.00m and is the deepest drill hole to date in the main

Trapper Target. Although the upper part of this hole was relatively unmineralized, base metal veining

was intercepted at 400m depth extending the mineralized zone approximately 250m down dip and

towards the north along the Lawless fault.

THN23-272, THN23-273 and THN23- 274 were a 450m western step out from the main Trapper

Target area and planned to test along an interpreted structure that was identified in the 2022

aeromagnetic survey. These holes drilled down dip of a large unmineralized fault and it is now

believed the mineralized fault trends further north.

Table 2. Additional Select Reported Mineralized Intervals for the Trapper Target Drilling.

All assay values are uncut weighted averages and intervals reflect drilled lengths as further drilling

is required to determine the true widths of the mineralization.

Drilling Information

Table 3. Drill Collar and Hole Information of Current News Release.

About the Trapper Gold Target

The geochemical footprint for the Trapper Gold Target was expanded in 2021 to 4km by 1.5km with

a gold-in-soil geochemical signature that has a strong positive correlation to zinc and lead. The

Trapper Target represents an intermediate -sulphidation epithermal system hosted in volcanic and

intrusive rocks. The volcanics are Triassic Stuhini lapilli tuff, while the intrusive phase is a Cretaceous

quartz diorite dated at 85.2Ma +- 1.2Ma. Visible gold has been identified in both drill core and surface

outcrops across the Trapper Target area and rock grab samples have returned up to 152 g/t Au.

Visible gold is recognized in several environments: within base metal veins (sphalerite-galena-pyrite-

chalcopyrite), quartz -stockwork, sulphosalt -pyrite veinlets, and rarely disseminated gold in the

diorite. In 2021 and 2022, Brixton drilled 3,107m and 9,119m respectively. In 2011, forty -two drill

holes were completed by a previous operator. The Trapper Target is royalty free.

Quality Assurance & Quality Control

Quality assurance and quality control protocols for drill core sampling was developed by Brixton.

Core samples were mostly taken at 1.0m intervals. Blank, duplicate (lab pulp) and certified reference

materials were inserted into the sample stream for at least every 20 drill core samples. Core samples

were cut in half, bagged, zip- tied and sent directly to ALS Minerals preparation facility in Langley ,

British Columbia . ALS Minerals Laboratories is registered to ISO 9001:2008 and ISO 17025

accreditations for laboratory procedures. Samples were analyzed at ALS Laboratory Facilities in

North Vancouver, British Columbia for gold by fire assay with an atomic absorption finish, whereas

Ag, Pb, Cu and Zn and 48 additional elements were analyzed using four acid digestion with an ICP-

MS finish. Over limits for gold were analyzed using fire assay and gravimetric finish. The standards,

certified reference materials, were acquired from CDN Resource Laboratories Ltd., of Langley,

British Columbia and the standards inserted varied depending on the type and abundance of

mineralization visually observed in the primary sample. Blank material used consisted of non-

mineralized siliceous landscaping rock. A copy of the QAQC protocols can be viewed at the

Company’s website.

About the Thorn Project

The wholly-owned 2,881 square kilometer Thorn Project is located in British Columbia, Canada,

approximately 90 km east of Juneau, AK. The southern limit of the Thorn claim boundary is roughly

50 km from tide water. The Thorn Project hosts a district -scale 80km megatrend of Triassic to

Eocene, volcano -plutonic complex with several styles of mineralization related to porphyry and

epithermal environments. Fourteen large-scale copper-gold targets have been identified for fur ther

exploration work. Information on each of the targets may be found at the following link:

https://brixtonmetals.com/thorn-gold-copper-silver-project/

Qualified Person

Mr. Corey A. James, P.Geo., is a Senior Project Geologist for the company and a qualified person

as defined by National Instrument 43- 101. Mr. James has verified the data disclosed in this press

release, including the sampling, analytical and test data underlying the technical information and has

approved this press release.