Brixton Metals Announces Closing of First Tranche of Non-Brokered Private Placement

(OTCQX:BBBXF) Brixton Metals Corporation has closed the first tranche of a non-brokered private placement offering of national flow-through shares (FT Shares) and critical mineral flow-through shares (CMFT Shares). The company issued 1,323,545 FT Shares at a price of $0.68 per FT Share and 4,978,874 CMFT Shares at a price of $0.71 per CMFT Share, resulting in combined gross proceeds of $4,435,011.14. The gross proceeds from 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 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 Thorn Copper-Gold Project in British Columbia and the Langis Silver-Cobalt Project in Ontario. In connection with the Offering, Brixton paid $54,000.60 and issued 79,412 non-transferable common share purchase warrants (Compensation Warrants) to arm’s length parties who assisted in introducing subscribers. Each Compensation Warrant is exercisable to acquire one common share at an exercise price of $0.68 until October 30, 2028. All securities issued in connection with the Offering are subject to a hold period of four months and one day, expiring on March 1, 2027, pursuant to Canadian securities laws. Brixton intends to complete a further tranche of the Offering and will provide additional details once complete. A director of the company participated in the Offering by acquiring 49,295 CMFT Shares. Participation by an insider constitutes a “related party transaction” under Multilateral Instrument 61-101, but is exempt from valuation and minority shareholder approval requirements as the fair market value of the securities issued to the insider does not exceed twenty-five percent of the company’s market capitalization. The company did not file a material change report at least 21 days in advance of closing as the director’s participation had not been confirmed at that time. Brixton wholly owns five exploration projects: the Langis and Hudson Bay silver Projects in Ontario; the Thorn copper-gold-silver-molybdenum Project in British Columbia; the Hog Heaven copper-silver-gold Project in Montana, USA (optioned to Ivanhoe Electric Inc.); and the Atlin Goldfields Project in northwest BC. Brixton holds an option to acquire a 100% interest in the Silvergruvan Project in Sweden. The company’s shares trade on the TSX-V under BBB and on the OTCQX under BBBXF. Mr. Gary R. Thompson is Chairman and CEO. Mr. Michael Rapsch is Vice President Investor Relations.

Brixton Metals Announces Non-Brokered Private Placement Of Up To $6 Million

(TSXV:BBB, OTCQB:BBBXF) Brixton Metals Corporation announced a non-brokered private placement offering (the “Offering”) of any combination of national flow-through common shares (“FT Shares”) at a price of $0.68 per FT Share and critical mineral flow-through shares (“CMFT Shares”) at a price of $0.71 per CMFT Share, for aggregate gross proceeds of up to $6 million. The FT Shares and CMFT Shares will be subject to a hold period of four months and one day under Canadian securities laws. Gross proceeds from FT Shares will be used to incur “Canadian exploration expenses” and “flow-through mining expenditures” as defined in the Income Tax Act (Canada). Gross proceeds from 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 intended for exploration and drilling at the Company’s Thorn Copper-Gold Project in British Columbia and the Langis Silver-Cobalt Project in Ontario. Finder’s fees in amounts to be determined may be payable to persons who introduce the Company to subscribers to the Offering. Insiders of the Company may participate in the Offering. The Offering is subject to acceptance by the TSX Venture Exchange. Brixton wholly owns five exploration projects: the Langis and Hudson Bay silver Projects in Ontario; the Thorn copper-gold-silver-molybdenum Project in NW British Columbia; the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc.; and the Atlin Goldfields Project in northwest BC. Brixton holds an option to acquire a 100% interest in the Silvergruvan Project in Sweden. Mr. Gary R. Thompson is Chairman and CEO. Mr. Michael Rapsch is Vice President Investor Relations.

Brixton Metals Announces Closing of Option Agreement to Acquire a 100% Interest in the Silver Focused Silvergruvan Project in Sweden

(TSXV:BBB, OTCQX:BBBXF) Brixton Metals Corporation announced that the TSX Venture Exchange has approved for filing the company's option agreement with McKnight Resources AB, granting Brixton the sole, exclusive, and irrevocable right and option to acquire an undivided 100% interest in certain mineral exploration permits in Hällefors Municipality, Örebro County, south central Sweden, known as Silvergruvan 100 and Silvergruvan 200 (the Silvergruvan Property). The Silvergruvan Property covers 1,460 hectares and is prospective for silver, gold, lead, zinc, antimony, and indium. No finder’s fees are payable in connection with the option. The property has a history of mining activity from the 1600s to the late 20th century and is located near major active polymetallic operations in the Bergslagen province. Brixton may exercise the option by completing a series of share issuances and exploration expenditures: $150,000 in shares and $300,000 in exploration expenditures on or before the first anniversary of the option effective date (October 21, 2026); $250,000 in shares and $1,000,000 in exploration expenditures on or before the second anniversary; $500,000 in shares and $2,000,000 in exploration expenditures on or before the third anniversary; and a final $600,000 in shares at any time following completion of the above, for a total of $1,500,000 in shares and $3,300,000 in exploration expenditures. Any shares issued will have an issue price equal to the 20-day volume weighted average trading price on a recognized Canadian stock exchange, but not less than $0.50 per share. Upon exercising the option, Brixton will grant a 2.0% net smelter returns royalty on the Silvergruvan Property to McKnight, with the right to reduce the royalty to 1.0% by paying $1,500,000 or issuing shares equal to $1,500,000, subject to exchange approval. All share issuances and exploration expenditures are at Brixton's discretion, and Brixton may make up any shortfall in exploration expenditures by cash payment or accelerate the option by completing requirements earlier. Brixton will act as operator during the option period. All shares issued will be subject to a four month and one day hold period under Canadian securities laws, and each tranche will be subject to a voluntary lock-up with a release schedule of 25% on issuance, 25% after four months, 25% after eight months, and 25% after twelve months. According to Boliden, in 2025, silver accounted for 47% of Garpenberg's revenue, zinc 32%, gold 11%, lead 10%, and copper less than 1%. Mr. Gary Thompson, P.Geo., is the Chairman and CEO of Brixton Metals Corporation and has reviewed and approved the technical information presented. Mr. Thompson conducted a site visit on August 25, 2026 and recommends further exploration at Silvergruvan.

Brixton Metals Reports 97.0% Gold Recovery in Initial Metallurgical Work from the Trapper Gold Target

(TSXV:BBB, OTCQX:BBBXF) Brixton Metals Corporation announced initial metallurgical testwork results and final drill results from the Trapper Gold Target at its wholly owned Thorn Project in NW British Columbia, Canada. The two infill holes, THN26-393 and THN26-394, complete the company's 2026 drilling and assay reporting at Trapper and are intended for inclusion in the maiden Mineral Resource Estimate (MRE) being prepared with APEX Geoscience Ltd. Initial scoping-level metallurgical testwork on a single high-grade composite from Trapper, assaying 10.3 g/t Au and 27.6 g/t Ag, returned a combined gravity and rougher flotation gold recovery of 97.0%. Gravity concentration recovered 12.3% of the gold into a concentrate grading 1,486 g/t Au, and a screened metallic assay of 13.9 g/t Au indicates the presence of coarse gold. Hole THN26-393 returned 120.00 m of 0.67 g/t gold and 3.91 g/t silver from 19.50 m depth, including 15.00 m of 1.43 g/t gold and 3.33 g/t silver from 43.50 m, 0.50 m of 18.05 g/t gold and 8.20 g/t silver from 56.00 m, 7.50 m of 5.02 g/t gold and 30.58 g/t silver from 70.00 m, and 0.50 m of 18.55 g/t gold and 115.00 g/t silver from 76.00 m. Hole THN26-394 returned 138.00 m of 0.80 g/t gold and 2.34 g/t silver from 29.00 m depth, including 28.50 m of 1.28 g/t gold and 2.04 g/t silver from 29.00 m, 0.50 m of 37.10 g/t gold and 13.90 g/t silver with visible gold from 57.00 m, and 54.00 m of 1.09 g/t gold and 3.63 g/t silver from 82.00 m. The Trapper gold zone remains open for expansion. The Trapper gold system is characterized by stacked, higher-grade gold zones within a larger envelope of continuous, lower-grade mineralization beginning at or near surface. Collar information for THN26-393 is Easting 630376, Northing 6485538, Elevation 1282.0 m, Azimuth 268, Dip -45, Depth 171.00 m; for THN26-394, Easting 630333, Northing 6485601, Elevation 1296.0 m, Azimuth 282, Dip -66, Depth 186.00 m. Quality assurance and quality control protocols included core samples mostly at 1.50 m intervals, high-grade intervals at 0.50 to 1.50 m, and insertion of blank, duplicate, and certified reference materials at a combined rate of up to 15%. Metallurgical testwork was completed by SGS Canada Inc. on a composite prepared from 12 bags of quarter core (approximately 101 kg) from high-grade drill intercepts, with a 4 kg split used for gravity and flotation tests. Gravity concentration recovered 12.3% of the gold into 0.08% of the feed mass at a concentrate grade of 1,486 g/t Au. Rougher flotation of the gravity tailings recovered a further 96.6% of the remaining gold into a rougher concentrate grading 33.9 g/t Au and 91.8 g/t Ag. Combined gravity and rougher flotation gold recovery was 97.0%. Final silver recoveries are pending. Brixton identified errors in the drill collar location table of its September 29, 2026 news release and provided corrected collar information for holes THN26-371 to THN26-385. The company determined these corrections do not constitute a material change and do not affect the results, interpretations, or conclusions of that release. Ms. Madeline Berry, P.Geo., Project Geologist, is the Qualified Person who has verified the referenced data and approved the technical information presented.

Brixton Metals Samples New Vein Grading 195 g/t Gold, 4.11% Copper and 147 g/t Silver At Its Thorn Project

(TSXV:BBB, OTCQX:BBBXF) Brixton Metals Corporation announced the identification of a new high-grade gold-copper-silver vein at the Golden Valley Target, located at its wholly owned Thorn Project in Northwest British Columbia. The Golden Valley Target is situated 17 kilometers south-southeast of the Trapper Gold Target and 24 kilometers northwest from the Golden Bear past producing gold mine. Four rock grab samples from a northeast trending massive pyrite-silica outcrop at the Golden Valley Target returned high-grade gold over a strike of 90 meters and up to 2 meters wide. Sample D132341 returned 195 g/t gold, 147 g/t silver, and 4.11% copper. Sample D132340 returned 78.7 g/t gold, 73.5 g/t silver, and 0.19% copper. Sample D132338 returned 78.0 g/t gold and 170 g/t silver. Sample D132339 returned 17.9 g/t gold and 69.3 g/t silver. Additional samples taken approximately 400 meters south of the main outcrop also returned strong results: Sample D132342 returned 32.3 g/t gold and 34.3 g/t silver, while Sample D132337 returned 23.0 g/t gold, 58.7 g/t silver, and 0.54% copper. Sample D132336 returned 1.93 g/t gold and 1.61 g/t silver. Sample D132343 returned 0.74 g/t gold and 1.26 g/t silver. The objective of the prospecting was to follow up on 2023 rock grab sample results that returned 52.5 and 51.7 g/t gold from outcrop of a massive pyrite-silica vein. The Golden Valley Vein outcrops are up to 2 meters wide with an apparent strike of about 90 meters, and the quartz-pyrite vein sampled about 400 meters south is 0.3 to 1 meter wide and appears to strike intermittently for about 500 meters. Rock grab samples D132342 and D132343 were collected about 20 meters apart along a northeast trending discontinuous pyrite-quartz vein near a creek. All samples were sent to ALS Minerals preparation facilities in Whitehorse, Yukon or Langley, British Columbia, and analyzed at ALS Laboratory Facilities in North Vancouver, British Columbia. Over-limit gold samples were analyzed using fire assay and gravimetric finish, and over-limit silver and copper samples were analyzed by ICP-AES. Standards and blank materials were used for QAQC. Ms. Madeline Berry, P.Geo., Project Geologist for Brixton Metals, is the Qualified Person who verified the data and approved the technical information. Gary R. Thompson is Chairman and CEO of Brixton Metals Corporation.

Brixton Metals Drills 4 m of 1,975 g/t Silver within 23.50 m of 348 g/t Silver in Hole 449 at its Langis Project in Ontario

(TSXV:BBB, OTCQX:BBBXF) Brixton Metals Corporation reported silver assay results from 28 drill holes at its wholly owned Langis Silver Project, located in Cobalt, Ontario, Canada. In 2026 to date, Brixton has completed 39,937.55 metres of drilling across 182 holes at Langis. The company has added a third drill rig to the program, targeting 9,000 metres per month to accelerate drilling and support its objective of establishing a maiden Mineral Resource Estimate at Langis. In the Shaft 6 South East Area (S6-SE), hole LM-26-449 returned 23.50 metres of 348 g/t silver from 203.00 metres, including 4.00 metres of 1,975 g/t silver from 215.00 metres, and 2.00 metres of 3,386 g/t silver from 215.50 metres as native silver. In the Shaft 6 West Area (S6-W), hole LM-26-412 returned 6.45 metres of 667 g/t silver from 124.65 metres, including 3.19 metres of 1,339 g/t silver from 127.31 metres, and 1.00 metre of 3,570 g/t silver from 128.40 metres. In the Shaft 6 East Area (S6-E), hole LM-26-433 returned 10.50 metres of 85.7 g/t silver from 192.50 metres, including 2.35 metres of 347 g/t silver from 196.25 metres. In the Shaft 6 Area (S6), hole LM-26-442 returned 9.00 metres of 222 g/t silver from 119.00 metres, including 0.50 metres of 1,605 g/t silver from 124.35 metres, and 1.20 metres of 666 g/t silver from 126.80 metres. Additional notable intercepts include LM-26-421 with 8.30 metres of 137.45 g/t silver, including 2.95 metres of 343.14 g/t silver, and LM-26-427 with 6.00 metres of 95.55 g/t silver, including 0.50 metres of 987.00 g/t silver. In S6-E, LM-26-429 returned 6.35 metres of 95.35 g/t silver, including 2.00 metres of 289.00 g/t silver, and LM-26-431 returned 0.55 metres of 240.00 g/t silver. In S6, LM-26-426 returned 7.00 metres of 208.39 g/t silver, including 1.00 metre of 1,345.00 g/t silver and 0.50 metres of 2,200.00 g/t silver, and LM-26-428 returned 4.00 metres of 259.49 g/t silver, including 2.00 metres of 507.95 g/t silver and 0.50 metres of 1,090.00 g/t silver. In S6-W, LM-26-417 returned 12.98 metres of 20.52 g/t silver, including 1.00 metre of 76.00 g/t silver, and 7.21 metres of 137.53 g/t silver, including 1.00 metre of 427.00 g/t silver and 2.21 metres of 239.60 g/t silver. LM-26-420A returned 11.00 metres of 77.93 g/t silver, including 1.00 metre of 588.00 g/t silver. LM-26-424 returned 14.75 metres of 46.48 g/t silver, including 1.50 metres of 368.33 g/t silver. The company is actively exploring several areas of the project to expand known mineralization. Brixton's QAQC protocols included sampling mostly at 2.0 metre intervals, with high-grade intervals at 0.50 to 1.00 metre intervals, and insertion of blanks, duplicates, and certified reference materials at a combined rate of up to 15%. ALS Minerals Laboratories in Sudbury, Ontario, and North Vancouver, British Columbia, performed the analyses. The Langis Project has a conceptual Exploration Target of 1.0 to 2.0 million tonnes grading 400 to 800 g/t silver. The Langis Mine historically produced 10.4 million ounces of silver between 1908 and 1989 at a head grade of 20 to 25 opt, with reported recoveries of 88% to 98%. Previous operators developed over 10 km of underground workings. On October 1, 2026, Eldorado Gold Corporation gave notice of termination to Brixton for its Earn-in Agreement for the Atlin Goldfields Project.

Brixton Metals Enters into Option Agreement to Acquire a 100% Interest in the Silver Focused Silvergruvan Project in Sweden

(TSXV:BBB, OTCQX:BBBXF) Brixton Metals Corporation has entered into an option agreement with McKnight Resources AB, granting Brixton the sole, exclusive, and irrevocable right and option to acquire an undivided 100% interest in mineral exploration permits known as Silvergruvan 100 and Silvergruvan 200, collectively the Silvergruvan Property, located in Hällefors Municipality, Örebro County, south central Sweden. The Option Agreement is subject to acceptance from the TSX Venture Exchange. No finder’s fees are payable in connection with the Option. The Silvergruvan Property covers 1,460 hectares and is prospective for silver, gold, lead, zinc, antimony, and indium. Historical mining at Silvergruvan dates from the 1600s to the late 20th century, with the property located near major active polymetallic operations in the Bergslagen province. The property shares similar geology to major silver-lead-zinc deposits such as Garpenburg, Sala, and Zinkgruvan. Chairman and CEO Gary R. Thompson stated that Silvergruvan represents an attractive opportunity for new discoveries in a region with limited modern exploration, noting similarities to Garpenburg, where mining reaches 1,500 meters depth and remains open. According to Boliden, in 2025, Garpenburg’s revenue was 47% from silver, 32% from zinc, 11% from gold, 10% from lead, and less than 1% from copper. Historical records indicate that between 1639 and 1852, Hällefors produced just over 480,000 oz of silver, and from 1878-1896 and 1915-1917, 9,000 tonnes were produced from the western silver mines grading approximately 1,560 g/t Ag, 12% Zn, and 38% Pb. In 1892, the average grade of ore from the western fields was 0.156% Ag, with 15 tons of silver-bearing ore mined between 1639 and 1852. In 1977, Boliden restarted underground mining at the eastern fields, and in 1997, Boliden formed a JV with Lundin Group and drilled 2,000 meters at the western fields. In 2008, Tumi Resources formed a JV with Goldsearch and conducted an EM survey. In 2026, McKnight acquired Silvergruvan through staking and collected rock grab samples. Sixteen waste dump rock grab samples were collected by McKnight in 2026: 9 samples were greater than 200 g/t silver (6 greater than 500 g/t, high of 800 g/t), 5 samples were greater than 1 g/t gold (high of 1.8 g/t), 8 samples were greater than 5% lead (high of 18.4%), 8 samples were greater than 5% zinc (high of 20.90%), 5 samples were greater than 1000 ppm antimony (high of 1480 ppm), and 4 samples were greater than 100 ppm indium (high of 188 ppm). The property has year-round heavy vehicle road access, proximity to the national industrial power grid, and an experienced local mining workforce. No modern mineral resource statement has been calculated for Silvergruvan. Brixton may exercise the Option by completing the following: on or before the 1st anniversary, $150,000 in share issuances and $300,000 in exploration expenditures; on or before the 2nd anniversary, $250,000 in share issuances and $1,000,000 in exploration expenditures; on or before the 3rd anniversary, $500,000 in share issuances and $2,000,000 in exploration expenditures; and at any time following completion of the above, $600,000 in share issuances, for a total of $1,500,000 in share issuances and $3,300,000 in exploration expenditures. Any shares issued will have an issue price equal to the 20-day volume weighted average trading price on a recognized Canadian stock exchange, but not less than $0.50. Upon exercising the Option, Brixton will grant a 2.0% net smelter returns royalty to McKnight, with the right to reduce the royalty to 1.0% by paying $1,500,000 or issuing shares equal to $1,500,000, at a price not less than $0.50 per share. All share issuances and exploration expenditures are at Brixton’s discretion, and Brixton may make up any shortfall in exploration expenditures by cash payment or accelerate the Option by completing requirements earlier. Brixton will act as operator during the Option period. All shares issued will be subject to a hold period of four months and one day, and each tranche will be subject to a voluntary lock-up with a release schedule of 25% on issuance, 25% at four months, 25% at eight months, and 25% at twelve months from issuance. Mr. Gary R. Thompson, Chairman and CEO, is the Qualified Person for the technical information and conducted a site visit on August 25, 2026.