Brixton Metals Corporation (TSX- V: BBB) (OTCQX: BBBXF) is pleased to announce that it has closed a non-brokered private placement offering of 1,110,000 national flow-through shares in the capital of Brixton at a price of $1.35 per FT Share and 1,771,111 critical mineral flow-through shares in the capital of Brixton at a price of $1.44 per CMFT Share, for combined gross proceeds of $4,048,899.84.

The gross proceeds from the sale of FT Shares will be used to incur “Canadian exploration expenses” and “flow-through mining expenditures” as defined in the Income Tax Act (Canada). The gross proceeds from the CMFT Shares will be used to incur “flow-through critical mineral mining expenditures” as defined in subsection 127(9) of the Act. Exploration expenditures are mainly for exploration and drilling at the Company’s Thorn Copper-Gold Project in British Columbia and the Langis Silver-Cobalt Project in Ontario.

In connection with the Offering, the Company paid $30,000 and issued 20,833 non-transferable common share purchase warrants to an arm’s length party who assisted in introducing a subscriber to the Offering. Each Compensation warrant is exercisable to acquire one common share in the capital of the Company at an exercise price of $1.44 until April 10, 2028.

All securities issued in connection with the Offering are subject to a hold period of four months and one day expiring on August 11, 2026 pursuant to applicable Canadian securities laws.