Brixton Metals Drills 8m of 860 g/t Silver, 0.17% Cobalt within 31m of 272 g/t Ag, 0.05% Co at its Langis Project, Ontario

- March 24th, 2021

Brixton Metals Corporation is pleased to announce further high-grade silver results from its fallwinter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. This news release includes holes LM-21-214 to LM-21-219 and is a total of 1036.3m of NQ size core from the Shaft 6 area at the Langis Project. Highlights LM-21-219 drilled 31m of 272 gt Silver, 0.05% Cobalt from …

Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the “ Company ” or “ Brixton ”) is pleased to announce further high-grade silver results from its fallwinter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. This news release includes holes LM-21-214 to LM-21-219 and is a total of 1036.3m of NQ size core from the Shaft 6 area at the Langis Project.

Highlights

  • LM-21-219 drilled 31m of 272 g/t Silver, 0.05% Cobalt from 117.8m depth
    • Including 8m 860 g/t Silver, 0.17% Cobalt
    • Including 4m of 1186 g/t Silver, 0.28% Cobalt
  • LM-21-214 drilled 8m of 370 g/t Silver, 0.02% Cobalt from 118.1m depth
    • including 1m of 1345 g/t Silver, 0.04% Cobalt

Chairman and CEO of Brixton, Gary R. Thompson stated, “These recent assay results from hole 219 are some of the most significant silver-cobalt mineralization drilled to date at the Langis Project. We have several more batches of assays yet to come in from the winter program, which totaled 18,583.35m. Once we digest all of the new drilling information, we will plan the next steps for the project.”

Click link for Figure 1. Location Maps of the Shaft 6 Area Drilling, Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-1_24March2021.jpg

Table 1. Drilling Highlights from Holes LM-21-214 to LM-21-219.

Hole ID From (m) To (m) Interval (m) Ag (g/t) Co (%) Ag (g/t * m)
LM-21-214 118.10 126.10 8.00 370.82 0.02 2966.60
including 120.10 121.10 1.00 1345.00 0.04 1345.00
LM-21-217 119.60 121.60 2.00 158.05 316.10
LM-21-218 121.80 122.80 1.00 274.00 274.00
LM-21-218 134.80 139.80 5.00 65.50 0.18 327.50
including 137.80 138.80 1.00 146.00 0.84 146.00
LM-21-218 177.80 178.80 1.00 164.00 0.01 164.00
LM-21-219 117.80 148.80 31.00 272.16 0.05 8436.90
including 135.80 139.80 4.00 1186.00 0.28 4744.00
including 137.80 138.80 1.00 2160.00 0.84 2160.00
including 135.80 143.80 8.00 859.66 0.17 6877.30
including 141.80 142.80 1.00 1490.00 0.18 1490.00

Intervals represent drilled lengths, as the true widths of the mineralization have not been determined at this time.

Click here for Figure 2. Long-section Shaft 3 to Shaft 6 Area, Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-2_24March2021.jpg

Click here for Figure 3. Shaft 6 Drilling Area Cross-section, Langis Project:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-3_24March2021.jpg

Click here for Figure 4. Core Photographs of Silver-Cobalt Mineralization from Holes 218 and 219:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-4_24March2021.jpg

Click here for Figure 5. Drilling Cross-section East Shaft 3 Area:
https://brixtonmetals.com/wp/wp-content/uploads/2021/03/Figure-5_24March2021.jpg

Quality Assurance & Quality Control

Diamond drill holes were drilled with NQ size core. Samples were collected using 1m average sample length. Three quality control samples (one blank, one standard and one duplicate) were inserted into each batch of 20 samples. The drill core was cut in half and put in batches, sealed and shipped by the Company geologists to ALS Minerals preparation lab in Sudbury, Ontario. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures.  Blank, duplicate and certified reference materials were inserted into the sample stream. All elements were analyzed by Aqua Regia Digest with ICP-AES finish. Silver over-limits were analyzed by fire assay with gravimetric finish. Base metal over-limits were analyzed with Aqua Regia Digest and AES finish. A copy of the QAQC protocols can be viewed at the Company’s website.

About the Langis Mine Project

Brixton’s wholly owned Langis Mine Project is a past producing mine located 500km north from Toronto, Ontario, Canada just north from the northern end of Lake Temiskaming with excellent infrastructure. The silver mineralization occurs as native silver and within steeply-moderately and in some cases shallow dipping veins, veinlets and as disseminations, rosettes and fracture infill and can be associated with calcite, hematite, pyrite, cobaltite, chalcopyrite, niccolite and gold. Mineralization is hosted within any of the three main rock types: Archean volcanics and metasediments, Coleman Member sediments and Nipissing diabase. The Langis Mine produced 10.6Moz of silver at 25 opt Ag and 358,340 pounds of cobalt. Historically, the combined mines in the Cobalt Camp produced over 550 million ounces of silver with 30-50 million pounds of cobalt as a by-product.

Mr. Antonio Celis, P.Geo., who is a qualified person as defined by National Instrument 43-101, reviewed and approved the information in this press release.

About Brixton Metals Corporation

Brixton is a Canadian exploration and development company focused on the advancement of its mining projects toward feasibility. Brixton wholly owns four exploration projects, the Thorn copper-gold-silver Project, the Atlin Goldfields Projects located in NWBC, the Langis-HudBay silver-cobalt Project in Ontario and the Hog Heaven silver-gold-copper Project in NW Montana, USA now under JV with HPX. 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
Tel: 604-630-9707 or email: info@brixtonmetals.com

For Investor Relations, please contact:

Mitchell Smith, VP Investor Relations
Tel: 604-630-9707 or email: mitchell.smith@brixtonmetals.com

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.

Figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/8378b589-8100-4ef0-8295-46cc82767543
https://www.globenewswire.com/NewsRoom/AttachmentNg/ed43bee5-152c-4ce7-9b77-25a3e2137f84
https://www.globenewswire.com/NewsRoom/AttachmentNg/49efe481-1454-4541-8111-5de226fee565
https://www.globenewswire.com/NewsRoom/AttachmentNg/38a461c2-f5a4-4d36-b8e1-4e42a8668ca0
https://www.globenewswire.com/NewsRoom/AttachmentNg/7dc8413c-7031-4ebc-8c22-99ee87f870aa


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