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Brixton Metals Drills 9m of 1037 g/t Silver including 4m of 2043 g/t Ag from Hole-283 and Drills 7m of 0.37% Cobalt Including 4m of 0.60% Co from Hole-265 at its Langis Project, Ontario

Drill Results

Brixton Metals Drills 9m of 1037 g/t Silver including 4m of 2043 g/t Ag from Hole-283

and

Drills 7m of 0.37% Cobalt Including 4m of 0.60% Co from Hole-265

at its Langis Project, Ontario

VANCOUVER, British Columbia, March 20, 202 3 (GLOBE NEWSWIRE) - Brixton Metals

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

final drill results from the 2022 drill campaign at its wholly owned Langis Project. The project is

located in the Cobalt Camp of Ontario, about 500km north from Toronto. The 2022 program started

in early November and was completed late December with 35 drill holes totaling 7114.90m.

Highlights

• Hole LM-22-265 yielded 7.0m of 0.37% Cobalt from 120m depth

o Including 4.0m of 0.60% Co

o Including 1.0m of 1.20% Co

• Hole LM-22-283 yielded 9.0m of 1037 g/t Silver from 165m depth

o Including 4.0m of 2043 g/t Ag

o Including 1.0m of 7910 g/t Ag

Vice President of Exploration, Christina Anstey, stated, “We are excited to have completed another

round of highly successful drilling at the Langis Project . Langis drilling continues to generate

impressive silver and cobalt intercepts. While the Company currently does not have a 2023 budget

for this project, it does warrant further exploration drilling.”

Figure 1. Location of the Langis Project, Ontario.

Table 1. Select Mineralized Intervals.

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.

Figure 2. Collar Locations, Drill Traces and UG-Workings Projected to Surface at the Langis Project.

Discussion

Cobalt and silver mineralization at Langis appear to be derived from separate mineralizing events,

although the host veins commonly share structures with one another and the two can occur together

frequently. West-northwest, northwest and east-west trends have been identified for these cobalt-

and silver-hosting structures . Cobalt m ineralization appears to favor the Coleman Member

conglomerates of the Gowganda Formation, immediately above the Keewatin mafic volcanic rocks,

although mineralized veins are observed within the mafic volcanics, as well a s within the Nipissing

diabase. Cobalt occurs as cobaltite and other Ni -Co-arsenides and sulpharsenides, hosted within

quartz-calcite veins. The veins commonly contain pyrite, pyrrhotite, chalcopyrite, sphalerite, galena

and trace native bismuth.

Brixton has completed four previous drill campaigns on the Langis Project, all of which have

predominantly targeted high -grade silver around the historic workings. Through these programs,

several high-grade cobalt intercepts have been observed, including 3.5m of 1.89% Co in LM-22-254,

0.98m of 3.55% Co in LM -18-23, and 1.0m of 1.965% Co and 20,995 g/t Ag in LM -18-42. For this

fifth season, targeting is focussed on cobalt specific structures, testing their continuity and grade.

Drill planning involved the us e of geology and geochemistry from previous drilling, geophysical

surveys and historic underground mapping completed by Agnico in the 1980’s. Prior to 2022, Brixton

had drilled over 35,100 meters on the Langis Project. The 2022 season started in early Nove mber

and was completed late December with 35 drill holes totaling 7114.90m.

Figure 3. Collar Locations, Assays and UG Workings Projected to Surface at the Langis Project.

Figure 4. Shaft 6 Collar Locations and Assays at the Langis Project.

Figure 5. High-grade cobalt intercept from hole LM-22-265.

Figure 6. Native Silver & Cobalt Mineralization from hole LM-22-283 at 172.95m Depth.

Drill holes LM-22-260 and LM -22-265 were drilled from the same pad location and targeted high-

grade cobalt mineralization around previously released hole LM-22-254 where 30m averaging 0.35%

cobalt was intersected. LM -22-265 was successful in intersecting the mineraliz ed structure and

returned assays of 0.37% cobalt over 7.0m, including 4.0m of 0.6% cobalt and 1.0m of 1.2% cobalt

(see Figure 3). Hole LM-22-260 intersected 2.0m of 0.33% cobalt between 141.00 and 143.00m, as

well as 22.50m of 0.12% nickel between 168.0 and 190.50m.

An additional ten step-out drill holes were completed to target the extents of the cobalt mineralization

around LM-22-265. Holes LM-22-256 and LM-22-257 were drilled 25m south along strike of hole LM-

22-254. Hole 256 intercepted 1.0m of 0.15% cobalt between 144.50 and 145.50m, as well as 7.48m

of 0.15% nickel between 165.36 and 172.84m. LM -22-257 was drilled below hole 256 and

intercepted 47.50m of 0.13% nickel and 0.01% cobalt. Holes LM-22-258 and LM-22-259 were drilled

approximately 57m north of the previously mentioned holes and had lower grade intercepts with

assays up to 0.14% cobalt over 0.5m from hole LM -22-258. LM-22-259 intercepted broader low -

grade mineralization assaying 0.01% cobalt and 0.13% nickel over 26m from 121.0 to 147.0 m as

well as 5.0m of 227.4 g/t silver between 103.50 and 108.50m depth. LM-22-263 and LM-22-264 were

drilled from the same location approximately 155m west of LM-22-258 targeting the mineralized zone

from the west. LM-22-263 intercepted 1.50m of 154.0 g/t Ag between 144.0 and 145.50m while LM-

22-264 had no significant results.

LM-22-266 and LM-22-267 were drilled from the same location approximately 40m south of LM-22-

265 and intercepted broad low-grade nickel cobalt mineralization hosted in thin isolated veins hosted

in both the Coleman Member conglomerate and Archean mafic volcanics . LM-22-266 intercepted

26.0m of 0.12% nickel and 0.01% cobalt while LM -22-267 intersected 10m of 0.17% nickel and

0.06% cobalt between 134.0 and 144.0m. LM-22-268 and LM -22-269 were drilled from the same

location approximately 50m south LM -22-266. Both holes intercepted low -grade cobalt and nickel

mineralization including 20m of 0.16% nickel and 0.01% Co, including 8.0m of 0.20% nickel, between

166.0 and 186.00m in LM-22-268. Hole LM-22-269 intercepted 1.0m of 0.17% cobalt between 161.0

and 162.0m and 17.26m of 0.14% nickel between 168.74 and 186.0m.

LM-22-261 and LM -22-262 were planned as step holes to target high -grade silver mineralization

previously identified in 2021. Both holes drilled towards the northwest and intersected approximately

80m of Coleman Member sandstone and siltstone overlying Arch ean mafic volcanics. LM -22-261

intercepted 0.74m of 0.06% cobalt and 31.6 g/t Ag while LM-22-262 had no significant results.

LM-22-270 and LM -22-271 were drill ed from the same location drilling towards the northeast and

planned to test potential mineralization between Shaft 3 to the south and Shaft 4 to the north. LM -

22-270 was drilled at a dip of -42 degrees and intersected 2.0m of 0.02% cobalt between 163.0 and

165.0m hosted in conglomerate near the contact with Archean mafic volcanics . LM -22-271 was

steepened below LM-22-270 and intersected 0.0 6% cobalt over 21.0m, including 7.50m of 0.11%

cobalt, and including 3.0m of 0.2% cobalt. Additional drilling is needed around these holes to further

test the extents of the newly discovered cobalt mineralization in this area.

LM-22-272 failed to reach depth after intercepting historic underground mine workings. The drill was

relocated 30m north to move away from the workings and LM-22-273 and LM -22-274 were both

drilled from this location. All three holes were planned as >250m northern step-outs from the historic

Shaft 6 underground workings where significant silver and cobalt mineralization had been mined and

where limited data had previously existed . Both holes were drilled from the west and were

unsuccessful in intercepting mineralization returning no significant assays. LM-22-275 was drilled

75m north of LM-22-274 and drilled from the east intercepting 17.32m of 0.01% cobalt.

Drill holes LM-22-276 to LM-22-281 were planned as a series of step-out holes targeting previously

identified high-grade nickel and silver mineralization east of the Shaft 6 mine workings. All six holes

were drilled towards the ea st, targeting the lower contact of the diabase sill with the underlying

Archean volcanics and Coleman Member sediments, a favorable horizon for the localization of

mineralized veins. LM-22-276 and 277 were drilled from the same location and hole 276 intercepted

16m of 0.04% cobalt, including 4.20m of 0.11% cobalt. LM -22-277 was drilled below 276 and

intercepted 5.0m of 87 g/t silver including 1.0m of 309 g/t silver between 120.0 and 125.0m. From

134.06 to 237.0m, assays returned 0.12% nickel over 102.94m, including 1.80m of 0.33% nickel and

0.05% cobalt. LM-22-278 and 279 were drilled from the same location 50m south of LM-22-277. LM-

22-278 intersected broad anomalous nickel and cobalt but returned no significant assay results. LM-

22-279 was drilled below hole 278 and intersected 134.0m of 0.12% nickel between 163.0 and

297.0m depth, including 1.5m of 0.16% nickel , 0.02% cobalt and 49 g/t silver. LM-22-280 and 281

were drilled from the same location 45m south of LM-22-279 and achieved greater results compared

to the previous step-out holes to the north. LM-22-280 intercepted 3.0m of 0.11% nickel and 494 g/t

silver between 246.0 and 249 .0m within a broader zone of lower grade mineralization as at depth

intersected 6.0m of 0.17% cobalt between 283.50 and 289.50m. LM-22-281 was drilled below hole

280 and assayed 0.1% nickel, 0.03% Co and 424 g/t silver over 1.50m between 174.50 and 176.0m.

LM-22-282 was drilled at an azimuth of 83 degrees with a dip of -48 degrees and was planned as a

deeper hole targeting a north-south trending conductivity anomaly. The hole intersected diabase and

Coleman Member sediments before intercepting the anomaly where the hole transitioned into the

Archean mafic volcanics at 291.0m. The hole was drilled to a final depth of 501.0m and assayed

0.12% nickel over 13.50m between 403.50 and 417.0m.

LM-22-283 was drilled to test an aeromagnetic anomaly as well as the southern extension of high -

grade nickel and silver mineralization previously identified around the historic Shaft 6 workings. The

hole was drilled due east at a -45 degree dip and intersected 100m of d iabase sill above Coleman

Formation conglomerate. High-grade silver-cobalt mineralization assaying up to 7910 g/t Ag and

0.39% Co was intercepted between 1 72 and 173m depth, approximately 10m below the contact

between the two units. Drill hole LM-22-284 was drilled 80m south of LM -22-283 but no significant

assays were received . Additional follow -up drilling is needed to determine the extents and

orientations of the mineralized structure.

Drill holes LM-22-285 to 288 were drilled farther west on the property around the historic Shaft 3 and

planned to target cobalt mineralization previously identified by drilling in 2021. Holes 285 and 286

were drilled from the same location and hole 285 was cancelled after intercepting historic mine

workings and therefore no significant assays were received. LM-22-286 intercepted 13.50m of 32.0

g/t silver including 1.5m of 227 g/t silver and was ended short to avoid mine workings. Drill holes LM-

22-287 and 288 were relocated further southwest and achieved better results as the holes reached

greater depths. LM-22-287 had no significant assays while LM-22-288 intercepted 84.0m of 0.02%

cobalt, including 1.0m of 0.11% cobalt. LM-22-288 ended in elevated cobalt due to timing constraints

at the end of the season.

Overall, the results from the 2022 drilling campaign were successful in identifying new zones of

cobalt, nickel and silver mineraliza tion at the Langis property and further drilling is required to test

the extents and potential of these zones. Additionally, a total of 78 targets across 8 anomalous zones

were identified from the 2022 Alpha Induced Polarization survey with 50 high priority targets that

remain to be tested with drilling.

Table 2. Drill Hole Assay Information.

Hole From (m) To (m) Interval (m) Co (%) Ag (g/t) Ni (%)

LM22-256 134.00 146.50 12.50 0.05

including 144.50 145.50 1.00 0.15

165.36 172.84 7.48 0.15

183.00 198.00 15.00 0.11

LM22-257 139.50 187.00 47.50 0.01 1.2 0.13

LM22-258 104.50 106.00 1.50 0.08 8.8

including 105.00 105.50 0.50 0.14 4.5

LM22-259 103.50 108.50 5.00 227.4

121.00 147.00 26.00 0.01 0.13

LM22-260 141.00 143.00 2.00 0.33

168.00 190.50 22.50 0.12

LM22-261 129.10 129.84 0.74 0.06 31.6

LM22-262

LM22-263 144.00 149.00 5.00 0.01 53.1

including 144.00 145.50 1.50 0.01 154.0

LM22-264

LM22-265 120.00 127.00 7.00 0.37 11.0

including 121.00 125.00 4.00 0.60 18.3

including 123.00 124.00 1.00 1.20 17.4

144.00 147.00 3.00 0.17 14.8

including 145.00 146.00 1.00 0.46 14.7

LM22-266 160.00 186.00 26.00 0.01 1.4 0.12

LM22-267 134.00 144.00 10.00 0.06 1.3 0.17

LM22-268 166.00 186.00 20.00 0.01 2.8 0.16

including 175.00 183.00 8.00 0.01 1.3 0.20

LM22-269 161.00 162.00 1.00 0.17 1.7

168.74 186.00 17.26 0.01 0.14

LM22-270 163.00 165.00 2.00 0.02 1.0 0.14

LM22-271 66.00 87.00 21.00 0.06

including 79.50 87.00 7.50 0.11 1.0

including 81.00 84.00 3.00 0.20 2.0

LM22-272

LM22-273

LM22-274

LM22-275 132.00 149.32 17.32 0.01

183.00 192.00 9.00 0.02

LM22-276 142.00 158.00 16.00 0.04 5.9

including 145.10 151.87 6.77 0.07 8.2

including 145.10 149.30 4.20 0.11 11.8

including 145.10 145.60 0.50 0.48 88.7 0.23

LM22-277 120.00 129.04 9.04 50.2

including 120.00 125.00 5.00 0.01 86.6

including 122.00 123.00 1.00 309.0

134.06 237.00 102.94 0.01 2.3 0.12

including 172.00 174.00 1.80 0.05 18.5 0.33

LM22-278 127.00 128.14 1.14 32.3

162.00 163.50 1.50 0.01 34.1

174.00 231.00 57.00 0.01 2.1

LM22-279 163.00 297.00 134.00 0.01 1.6 0.12

including 187.00 188.50 1.50 0.02 49.3 0.16

LM22-280 126.00 303.00 177.00 0.02 9.7

including 246.00 249.00 3.00 494.0 0.11

and including 283.50 289.50 6.00 0.17 7.8

LM22-281 174.50 176.00 1.50 0.03 424.0 0.10

LM22-282 403.50 417.00 13.50 0.01 0.12

LM22-283 79.00 213.00 134.00 0.01 70.4

including 165.00 174.00 9.00 0.07 1037

including 170.00 174.00 4.00 0.10 2043

including 172.00 173.00 1.00 0.39 7910 0.18

LM22-284

LM22-285

LM22-286 31.50 45.00 13.50 0.01 32.0

including 43.50 45.00 1.50 0.01 227.0

LM22-287

LM22-288 66.00 150.00 84.00 0.02

including 110.00 111.00 1.00 0.11

No Significant Assays

No Significant Assays

No Significant Assays

No Significant Assays

Not Assayed

No Significant Assays

No Significant Assays

No Significant Assays