Brixton Metals Makes Copper-Gold Porphyry Discovery at the Catalyst Target on its Thorn Project

Brixton Metals Makes Copper-Gold Porphyry Discovery at the Catalyst Target on its Thorn Project

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce the discovery of a new copper-gold porphyry system at the Catalyst Target within its wholly owned Thorn Project located in northwestern British Columbia. The Thorn Project is an underexplored copper-gold porphyry district with several large-scale exploration target areas identified. The Catalyst Porphyry Target is located approximately 6 kilometers northeast from the Camp Creek Porphyry system, along a northeast-southwest trending corridor that hosts multiple underexplored porphyry-style prospects (Figure 1). Five holes were drilled at Catalyst during the 2025 season. Assays from the first three holes reported herein confirm a broad hydrothermal system with porphyry-style alteration and veining. Results from two remaining holes at Catalyst and one at the Tempest Target are pending.

Highlights

  • First-Ever Drilling at Catalyst Returns Broad Copper-Gold Mineralization confirming the presence of a large hydrothermal system with porphyry-style alteration and mineralization

  • Hole THN25-343 returned 424.00 meters of 0.30% CuEq from surface

    • Including 26.00 meters of 0.50% CuEq from 31.00 meters

    • Including 98.50 meters of 0.50% CuEq from 92.50 meters

      • And including 16.50 meters of 1.05% CuEq from 133.00 meters

    • Including 9.00 meters of 0.51% CuEq from 242.50 meters

  • Holes THN25-341 and THN25-338 delivered multiple mineralized intervals above 0.30% CuEq . Near-surface mineralization is linked to Maricunga-style quartz veining. This includes notable intercepts of 91.50 meters grading 0.28% CuEq starting at 72.00 meters depth in hole THN25-341, and 69.00 meters grading 0.30% CuEq starting at 38.00 meters depth in hole THN25-338 . At greater depths, mineralization is associated with zones of chlorite-sericite-chalcopyrite stringers, exemplified by a 7.50 meters interval grading 0.49% CuEq beginning at 391.50 meters in hole THN25-338 (more intervals in Table 1).

Chairman, CEO, Gary R. Thompson stated, " This new copper-gold porphyry discovery at Catalyst is a major step forward for the Thorn Project. Importantly, we have mineralization from surface combined with a large geochemical and geophysical footprint with Maricunga style veins is highly encouraging. There are clear signs of a fertile multi-phase porphyry system at Catalyst. This new discovery opens up the potential within the emerging 8km-10km Camp Creek Corridor. Further drilling is planned at Catalyst next season to define the extent of copper-gold mineralization."

Figure 1. Plan Map of the 2025 Drill Collars within the Camp Creek Corridor.

Figure 1 30Oct2025

Table 1. Select Assay Intervals for holes THN25-338, 341 and 343 from the Catalyst Target.

Hole ID From To Interval Au Cu Ag Mo CuEq*
meter meter meter g/t % g/t ppm %
THN25-343 9.00 433.00 424.00 0.12 0.12 2.96 51 0.30
including 31.00 57.00 26.00 0.23 0.18 1.00 134 0.50
including 92.50 191.00 98.50 0.17 0.17 10.62 75 0.50
with 133.00 149.50 16.50 0.17 0.22 59.06 32 1.05
including 242.50 251.50 9.00 0.20 0.26 1.23 69 0.51
including 308.89 314.50 5.61 0.20 0.30 1.60 64 0.55
THN25-343 452.00 454.85 2.85 0.17 0.19 1.32 67 0.41
THN25-341 15.00 33.00 18.00 0.14 0.09 1.27 52 0.27
THN25-341 46.50 57.00 10.50 0.13 0.09 0.48 103 0.29
THN25-341 72.00 163.50 91.50 0.14 0.10 0.89 55 0.28
including 139.50 154.50 15.00 0.27 0.17 1.02 52 0.47
THN25-341 232.50 234.00 1.50 3.57 0.03 1.19 49 3.51
THN25-338 6.50 10.09 3.59 0.15 0.13 1.60 53 0.33
THN25-338 38.00 107.00 69.00 0.16 0.11 0.65 43 0.30
including 61.00 70.00 9.00 0.28 0.17 0.86 55 0.49
including 83.00 89.00 6.00 0.29 0.16 1.04 33 0.47
THN25-338 303.25 342.00 38.75 0.13 0.12 0.95 41 0.28
including 303.25 307.50 4.25 0.25 0.18 1.04 72 0.48
THN25-338 378.00 405.00 27.00 0.11 0.13 0.68 56 0.28
including 391.50 399.00 7.50 0.18 0.24 1.12 106 0.49

*Copper equivalent (CuEq) calculation: CuEq is calculated based on metal prices as an approximate average of the last twelve months ending September 2025, specifically: Copper US$ 4.70 lb., Gold US$ 3100 oz, Silver US$ 35 oz, and Molybdenum US$ 30 lb. Due to the early-stage nature of the target, and the absence of metallurgical test work, a conceptual recovery of 85% is assumed for all metals in this calculation. These assumed recoveries have no basis in actual metallurgical testing, and actual recoveries may be materially different. The general formula used for CuEq calculation is: CuEq% = Cu % + ((Au g/t * (Au recovery/Cu recovery) * ((Au $ per oz./31.1034768)/(Cu $ per lb. * 22.04623))) + ((Ag g/t * (Ag recovery/Cu recovery) * ((Ag $ per oz./31.1034768)/(Cu $ per lb. * 22.04623))) + ((Mo % * (Mo recovery/Cu recovery) * (Mo $ per lb. /Cu $ per lb.))

Discussion About the Catalyst Copper-Gold System

The refinement of the Catalyst Porphyry Target in early 2025 was based on comprehensive mapping and geochemical sampling after the initial outcrop discovery in 2024. On behalf of Brixton, Quantec Geoscience Ltd., completed a TITAN DCIP (Direct Current (DC) and Induced Polarization (IP)) geophysical survey for 12 lines covering a total of 20.4 line-kilometers across the Catalyst and Tempest Targets. The survey revealed substantial high-chargeability anomalies with values greater than 40 mrad measuring 1.35 square kilometers at Catalyst and 1.95 square kilometers at Tempest (Figure 1) with a sizeable volume of greater than 60 mrad. The size and intensity of these anomalies highlight the significant scale potential of both Catalyst and Tempest.

The first drill holes ever in the area, THN25-338, THN25-341, and THN25-343, confirmed copper, gold, silver, and molybdenum mineralization from surface. These results are associated with at least two distinct intrusive phases and hydrothermal breccias. Mineralization remains open in multiple directions. Chargeability data indicates the possibility of extensive sulfide-rich zones, which are typical of porphyry deposits (Figure 2). Drilling intersected a variety of host rocks, including diorite, volcanic, and volcaniclastic to sedimentary units. Mineralization is hosted in Maricunga-style veins, B-type veins, magnetite-rich veins and altered wall rock sediments-volcanics (Figures 3 and 5). Deeper intervals in THN25-338 revealed copper-gold mineralization linked to intense biotite-magnetite alteration, which is overprinted by chlorite-sericite and chalcopyrite stringers. THN25-343 encountered broad zones of mineralized hydrothermal breccias (Figure 4).

The system also displays encouraging signs of high-grade gold and silver epithermal-type mineralization. Notable intercepts include 1.50 meters of 3.57 g/t Au in THN25-341 and 16.50 meters of 59.06 g/t Ag in THN25-343. The identification of Maricunga-style veins, together with continuous copper mineralization, suggests that current drilling may be targeting the shallower portions of a vertically extensive porphyry system. These findings suggest that the area has the potential for further discoveries and high-grade mineralization as exploration continues.

Figure 2. A cross-section of holes THN25-338, THN25-343 and partially THN25-341.

Figure 2 30Oct2025w2

Exploration Strategy

Brixton has adopted a scale-focused drilling strategy, with large step-outs of drill collars between drilling pads. This approach is designed to rapidly assess the lateral continuity and size potential of the mineralized systems. To date, five drill holes have been completed at the Catalyst Target for a combined total of 2670m, all of which intersected porphyry-style alteration and mineralization. One drillhole was drilled to a depth of 601m at the Tempest Porphyry Target, located approximately 2 kilometers south of Catalyst (Figure 1). Tempest shares similar geophysical and geological characteristics and is thought to be part of the same mineralized "Camp Creek Corridor". Drilling at Tempest has also intersected porphyry-style alteration and mineralization, reinforcing the corridor's potential to host a large-scale, multi-center porphyry system. Assay results are pending for Tempest and the two remaining Catalyst holes.

Figure 3. HQ drill core closeup photographs of holes THN25-338 and THN25-343.

Figure 3a 30Oct2025

Figure 3b 30Oct2025

Figure 4. HQ Core, Hole THN25-343 of hydrothermal breccias in contact with mineralized porphyry from 152.22m to 161.26m depth.

Figure 4 30Oct2025

About the Maricunga Style Veins

Maricunga-style veins refer to a distinctive type of banded quartz-magnetite veinlets found in the Maricunga gold belt of northern Chile. The Maricunga-style veins represent a well-defined sequence of quartz vein types formed during magmatic-hydrothermal activity, with strong implications for gold mineralization. Maricunga-style veins formed at shallow depths and lower temperatures and are particularly significant as they host elevated gold grades of 0.5–2 g/t. These veins overprint deeper A-veinlets, reflecting a transition from porphyry-style to high-sulfidation epithermal systems. Their formation through episodic pressure changes and magmatic fluid evolution highlights a fertile environment for gold mineralization (Muntean & Einaudi, 2001). Vein textures observed at the Catalyst Target (Figure 3 and 5) are consistent with those described in the Maricunga Belt of Chile. This vertical and temporal transition is characteristic of large, gold-rich porphyry systems with epithermal overprints. The presence of similar vein types and alteration patterns at Catalyst highlights the potential for a vertically extensive, multi-phase Au-Cu system. Source: Maricunga Veins

Figure 5 . HQ Core Hole THN25-338 of Maricunga-style veins from 111.64m to 120.20m depth.

Figure 5_ 30Oct2025

Table 2. Collar Location for Reported Catalyst Drillholes.

Hole ID Easting (m) Northing (m) Elevation (m) Azimuth Dip Depth (m)
THN25-343 632523 6497186 1508 125 -85 610
THN25-341 632763 6497034 1333 215 -70 411
THN25-338 632763 6497034 1333 305 -70 520

Quality Assurance & Quality Control

Quality assurance and quality control protocols for drill core sampling was developed by Brixton. Core samples were mostly taken at 1.5m intervals. High-grade intervals were taken at 1m. Blank, duplicate (lab pulp) and certified reference materials were inserted at a combined rate of up to 15%. Core samples were cut in half, bagged, zip-tied and sent directly to ALS Minerals preparation facility in Whitehorse, Yukon or Langley, British Columbia depending on available lab capacity. 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.

Qualified Person (QP)

Ms. Madeline Berry, P.Geo., is a Project Geologist for the Company who is a Qualified Person as defined by National Instrument 43-101. Ms. Berry has verified the referenced data and analytical results disclosed in this press release and has approved the technical information presented herein.

About Brixton Metals Corporation

Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton's flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel Project in Ontario and the Atlin Goldfields Project located in northwest BC which is optioned to Eldorado Gold Corporation. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB , and on the OTCQB under the ticker symbol BBBXF . 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
info@brixtonmetals.com

For Investor Relations inquiries please contact: Mr. Michael Rapsch, Vice President Investor Relations. email: michael.rapsch@brixtonmetals.com or call Tel: 604-630-9707

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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.

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Brixton Metals

Brixton Metals

Diversified exposure to copper, gold and silver with projects in North America

Diversified exposure to copper, gold and silver with projects in North America Keep Reading...

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Investor Insight

Brixton Metals offers high-impact copper-gold discovery potential at its flagship Thorn Project, supported by strategic investment from BHP and partner-funded exploration on non-core assets with Ivanhoe Electric and Eldorado Gold, providing diversified upside, technical validation and non-dilutive funding.

Overview

Brixton Metals (TSXV:BBB,OTCQX: BBBXF,FRA:8BX1) is a Canadian mineral exploration company focused on copper, gold, silver, and critical minerals across North America. Its flagship Thorn Project in British Columbia is a district-scale project with multiple porphyry and epithermal targets.

In addition to Thorn, Brixton Metals is strategically advancing non-core projects through partnerships and option agreements with companies such as Ivanhoe Electric (NYSE American:IE;TSX:IE) and Eldorado Gold (TSX:ELD,NYSE:EGO). These partnerships provide partner-funded exploration, allowing Brixton Metals to retain upside exposure while conserving capital and strengthening its balance sheet. This approach enables the company to focus on high-impact targets while mitigating exploration risk.

Brixton Metals' copper-gold exploration, BHP investment, and project monetization opportunities.

Brixton Metals’ management team, led by chairman and CEO Gary R. Thompson, brings decades of experience in resource exploration, project development, and capital markets. The team’s expertise allows the company to efficiently advance multiple projects while maintaining exposure to a diversified portfolio of metals.

With global demand for copper and critical minerals set to surge over the next 25 years—driven by renewable energy, electrification, and industrial decarbonization—Brixton Metals is well positioned to capitalize on this green revolution. By combining discovery potential at its flagship project, strategic monetization of non-core assets, and disciplined exploration, Brixton Metals is advancing toward its next growth milestones while delivering significant value for investors.

Company Highlights

  • Flagship Project: Thorn Project in BC, Canada – a fully owned, district scale copper-gold porphyry project on a 2,945 sq km claim block, on trend with BC’s prolific Golden Triangle.
  • Pipeline Projects: Includes Langis Project (Ontario, Canada), Hog Heaven (Montana, USA), Atlin Goldfields (BC, Canada), providing diversified exposure to copper, gold and silver
  • Partnerships: Strategic option agreements with tier-one companies such as Ivanhoe Electric and Eldorado Gold provide technical validation and fund exploration on non-core projects.
  • Shareholder Base: Strategic investors include, but are not limited to BHP (approx. 14.8 percent) and Crescat Capital
  • Management Expertise: Led by co-founder Gary Thompson, the management team has an average tenure of nearly 15 years, showing significant stability.
  • 2026 Outlook: With a recently closed $12.2 million financing, the company is fully funded for a 2026 program that includes a winter drill campaign at the Langis Silver Project (Ontario) to capitalize on record-high silver prices.

Map showing Brixton Metals' mining projects in Canada and USA, labeled with minerals and locations.

Key Projects

Thorn Project (BC, Canada)

The Thorn Project is Brixton Metals’ flagship project, covering approximately 2,945 sq km in northwestern British Columbia and located on trend of the province’s Golden Triangle, renowned for world-class porphyry and epithermal systems. The project hosts porphyry-style alteration with copper, gold, silver, and molybdenum, with significant exploration potential. The project is accessible via a 45-minute flight from Whitehorse, Yukon.

Map showing mining districts in Canada including Brixton Metals' Thorn project

Project Highlights:

  • Camp Creek Corridor: An 8-kilometer-long northeast-southwest trending corridor that hosts multiple underexplored porphyry-style prospects.
  • Trapper Target: High-grade gold intercepts demonstrate multiple vein systems with near-term resource potential.
  • Catalyst Target: First-ever drilling confirms copper-gold porphyry mineralization, advancing the exploration pipeline.
  • Tempest Target: Initial drilling reveals a multiphase porphyry system with copper-gold-silver-molybdenum mineralization and strong hydrothermal alteration.

Langis and Hudson Bay Projects (Ontario, Canada)

The Langis and Hudson Bay projects are primary silver-cobalt-nickel brownfield opportunities located in the historic Cobalt Mining District of Ontario, which has a regional production history of over 600 million ounces of silver. Both are past-producing, high-grade mines.

Since 2016, Brixton Metals has actively explored these sites, with drilling at Langis yielding over 220 intervals exceeding 100 g/t silver, including high-grade intercepts such as 15,436 g/t silver and 1.98 percent cobalt. The projects benefit from year-round road access and proximity to existing infrastructure, including a railway and the Electra Battery Metals cobalt refinery 10 km away.

Project Highlights:

  • Historic Mineralization: High-grade silver and cobalt intercepts in historical drilling.
  • Strategic Opportunity: Winter drill program to unlock additional shareholder value.
  • Exploration Upside: Property hosts brownfield exploration targets with known mineralization.
  • Critical Minerals Exposure: Adds battery metals to Brixton Metals’ diversified portfolio.

Hog Heaven Project (Montana, USA)

Located in western Montana, Hog Heaven is a historical silver-gold-copper property with significant porphyry potential. Hog Heaven is currently under an earn-in agreement where Ivanhoe Electric can earn up to 75 percent interest through staged cash payments and exploration expenditures. This arrangement provides funding for exploration while retaining Brixton Metals’ upside exposure.

The property contains multiple mineralized zones, including historical drill targets with notable copper, gold, and silver intercepts. Ivanhoe’s initial drilling has confirmed mineralization and highlighted the project’s potential for large-scale porphyry systems. Brixton retains exposure to exploration success while de-risking development costs.

Map showing Brixton Metals' Hog Heaven project location and nearby mines in Montana and Idaho.

Project Highlights:

  • Option Agreement: Ivanhoe Electric can earn up to 75 percent through funding exploration expenditures of US$40 million and cash payments of US$4.5 million to Brixton.
  • Mineralization: Historical drilling confirms copper, gold, and silver mineralization across multiple targets.
  • Exploration Focus: Targets include porphyry-style and epithermal systems.

Atlin Goldfields Project (British Columbia, Canada)

The Atlin Goldfields Project is located in northwestern British Columbia, an area historically known for placer gold production, offering strong potential for hard-rock gold discoveries. Brixton Metals has optioned the project to Eldorado Gold, which is funding exploration activities under a structured earn-in agreement.

Exploration at Atlin focused on identifying orogenic and intrusion-related gold targets, with early work confirming continuity of mineralization in key areas. The property benefits from proximity to historic mining infrastructure and geology conducive to high-grade gold zones, providing an attractive exploration and growth opportunity. Brixton has commenced drilling at the project and is targeting to complete initial drill testing of newly identified, structurally-focused targets in the Yellowjacket area.

Project Highlights:

  • Option Agreement: Eldorado Gold can earn 100 percent interest through staged exploration and cash payments: C$1.1 million cash and $5.35 million in work over five years. At the end of the option period, Eldorado has the right to exercise the option to acquire 100 percent ownership for a final cash payment of C$7 million.
  • Historic Production: Located near areas of historic placer gold production, indicating strong geological potential.
  • Exploration Targets: Focused on orogenic and intrusion-related gold deposits with high-grade potential.
  • Fully Funded Program: Partner-funded exploration reduces capital requirements while advancing project knowledge.

Management Team

Gary R. Thompson - Chairman, CEO, President and Director

Gary Thompson is a co-founder of Brixton Metals with over 25 years of experience in the resources sector, spanning precious and base metals, oil and gas, and geothermal energy. He has led public companies since 2006 and has held senior roles in both junior and major mining companies, including Newmont Mining, NovaGold Resources, and Encana Corporation. Thompson took Cayley Geothermal public in 2006 through the acquisition of Sierra Geothermal Power and served as CEO until its acquisition by Ram Power in 2010.

Cale Moodie – CFO and Director

Cale Moodie, a co-founder of Brixton Metals, has over 15 years of public markets experience. A CPA and serial entrepreneur, he has served as founder, CEO, CFO, director, and audit committee chair for multiple publicly traded companies on the TSXV and CSE. Moodie holds a Bachelor of Science from UBC and earned his CPA designation while working at KPMG in Vancouver. He has been involved in over $150 million in financings for resource and technology companies.

Michael Rapsch – Vice-president, Investor Relations

Michael Rapsch has over 18 years of capital markets experience in the resource sector, including senior roles in corporate communications and corporate development. He led investor relations and marketing programs for SilverCrest Mines until its acquisition by First Majestic in 2015, and from 2015 to 2018 managed investor relations for SilverCrest Metals, owner of the Las Chispas silver-gold project in Mexico. In 2019, he founded Cologne Communications, providing investor relations consulting to publicly traded resource companies, and has been instrumental in capital raises and market communications throughout his career.

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