Brixton Metals Corporation provided an update on its active exploration projects in Canada and the United States of America. Hog Heaven Project Update: Brixton Metals Corporation announced on August 1, 2023 that drill rigs are active at the Hog Heaven Project. The historic Flathead Mine, located within the Hog Heaven Project area, previously produced high-grade silver with associated lead, zinc, copper and gold.

Mineralization is believed to continue below previous mine workings, remaining open at depth. The Hog Heaven Project, which is currently being operated under a definitive earn-in JV Agreement with Ivanhoe Electric Inc. Ivanhoe Electric holds the option to acquire up to 75% interest by completing USD 44.5 million of total project spending. Hog Heaven is an advanced-stage, high-sulphidation, epithermal copper-silver-gold project with porphyry potential and historical production located in the state of Montana, USA.

Atlin Goldfields Project Update: The Company also announces that it has terminated the option and earn-in joint venture agreement with Pacific Bay Minerals Ltd. effective August 10, 2023 with respect to the Atlin Goldfields Project as PacBay did not meet its obligations under the agreement within the prescribed time periods. The Atlin gold camp is the second largest placer gold producer in British Columbia with reported placer gold production of over 600,000 ounces of gold between 1898 and 1945 and an unreported amount of placer gold production since then in the area. Hard rock samples consisting of coarse-grained quartz veins have returned values of up to 293 g/t Au at the LD Showing and 53.6 g/t Au at the Union Showing.

Historical diamond drilling at the Yellowjacket Target has returned up to 509.96 g/t Au over 5.57m. The project hosts potential for oogenic and intrusion related gold mineralization. A small drill program is planned prior to the end of the 2023 season at the Yellowjacket Gold Target.

Thorn Project Update: Brixton has successfully completed more than half of its 2023 exploration program at the Thorn Project. To date, a combined total of 10,500m have been drilled between the Camp Creek copper porphyry target and the Trapper gold target. A total of 1580 soil, 550 rock and 70 talus-fine samples have been collected from new target areas.

Assay results should start to flow in the coming weeks to months.