Brixton Metals Updates Stakeholders on Taku River Tlingit First Nation Watershed Plan

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) — Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) announces that the Taku River Tlingit First Nation (“TRTFN”), who the Company has been working collaboratively with since 2013 under an exploration agreement, recently released its plan for the Taku watershed (the “Watershed Plan”). The Watershed Plan includes Specially Managed Landscapes (“SML”) that include zones with high mineral potential, where TRTFN will consider respectful, sustainable mineral extraction. Brixton’s Camp Creek and Trapper discoveries are within the SML and Brixton will operate and plan its exploration and development activities and involve all stakeholders in the planning process to ensure we are building resource projects based on best practices.

The Company and the TRTFN have engaged in discussions with respect to the Watershed Plan, in which the parties can co-operate to create a mutually beneficial result for all stakeholders involved. The Company is committed to continuing such discussions with the TRTFN as it carries out exploration on its Thorn Project, which is located in Northwest British Columbia within the Taku River Tlingit and Tahltan First Nations’ traditional territory.

President and CEO, Gary Thompson, stated, “We are excited about the discussions with the TRTFN and are committed to working with the TRTFN to carry out our exploration programs on the Thorn Project in a respectful, sustainable, and yet economically feasible manner.”

Spokesperson, Jinik (Charmaine Thom), stated, “Brixton has been a respectful and engaged company, as is evidenced in our long-term relationship over the past decade. We look forward to our on-going support and future collaborations in relation to Brixton’s exploration efforts.”

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 Atlin Goldfields Projects located in NW BC (Optioned to Pacific Bay Minerals), the Langis-HudBay silver-cobalt Project in Ontario, and the Hog Heaven copper-silver-gold Project in NW Montana, USA (Optioned to Ivanhoe Electric Inc.). 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, P.Geo., Chairman and CEO
Tel: 604-630-9707 or email: [email protected]

For Investor Relations, please contact:

Neil MacRae, Investor Relations
Tel: 604-630-9707 or email: [email protected]

Cautionary Note

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 including statements in respect of regulatory approval, other than statements of historical fact included herein including, without limitation, statements regarding the Offering, 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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