Brixton Drills 58 m of 0.50 g/t AuEq and 17.6 m of 1.47 g/t AuEq in the Glenfiddich Zone at Camp Creek, Thorn Project

Brixton Metals Corporation (BBB) has released the final batch of assay results from the 2026 Camp Creek high-sulphidation (HS) target at the Thorn project. The release includes fourteen holes plus THN26-372, which was issued on June 30, 2026, completing a 15-hole campaign at that specific target. This brings the total drilling for the Thorn project in 2026 to 6,592.30 m across 25 holes. Assays remain pending for the Catalyst, Sentinel, and Trapper targets. A Mineral Resource Estimate (MRE) covering both the HS zone and the deeper Camp Creek porphyry is currently underway with APEX Geoscience and is scheduled for completion in Q1 2027.

The company characterizes the zone as stacked sub-parallel veins rather than a single structure. The deposit extends 580 m along strike and 350 m down-dip, remaining open in both directions and located west of the Le Jeune Creek fault.

Intercepts as reported: - THN26-371: 58.00 m @ 0.40 g/t Au, 6.40 g/t Ag (0.50 g/t AuEq) from 48.00 m; incl. 3.00 m @ 2.10 g/t Au (2.34 AuEq) and 3.00 m @ 2.34 g/t Au (2.68 AuEq) - THN26-385: 17.58 m @ 0.62 g/t Au, 44.00 g/t Ag, 0.24% Cu (1.47 AuEq) from 135.52 m; incl. 1.18 m @ 5.78 g/t Au, 405.00 g/t Ag, 1.97% Cu (13.39 AuEq) - THN26-383: 22.94 m @ 0.37 g/t Au, 9.80 g/t Ag (0.57 AuEq) from 100.06 m; plus isolated 0.50 m @ 326 g/t Ag (5.65 AuEq) at 203.04 m and 0.50 m @ 1,100 g/t Ag, 1.35% Cu (17.28 AuEq) at 218.00 m - THN26-373: 40.45 m @ 0.32 g/t Au, 8.0 g/t Ag (0.46 AuEq) - THN26-374: 6.00 m @ 0.44 g/t Au, 76.3 g/t Ag (1.81 AuEq); and 15.50 m @ 0.39 g/t Au (0.71 AuEq) - THN26-375: 43.26 m @ 0.43 g/t Au, 9.3 g/t Ag (0.61 AuEq) - THN26-376: 59.00 m @ 0.33 g/t Au, 8.8 g/t Ag (0.49 AuEq) - THN26-378: 23.75 m @ 0.46 g/t Au, 9.0 g/t Ag (0.65 AuEq) - THN26-379: 26.00 m @ 0.40 g/t Au, 9.8 g/t Ag (0.57 AuEq) - THN26-380: 2.77 m @ 0.80 g/t Au (1.04 AuEq) - THN26-381: 25.50 m @ 0.45 g/t Au, 11.0 g/t Ag (0.63 AuEq) - THN26-382: 40.00 m @ 0.32 g/t Au, 8.5 g/t Ag (0.52 AuEq) - THN26-384: no significant intercepts

Brixton Metals Corporation (BBB) is an explorer at the pre-resource stage at its Thorn property, where a Mineral Resource Estimate (MRE) is currently being commissioned. The company’s prior-period context shows a Q2 FY2026 net loss of C$2.38M on C$2.56M of exploration spend for the six months ended March 31, 2026, with cash of C$4.66M and total current assets of C$15.7M at that date. The Q1 FY2026 balance sheet, covering the period to December 31, 2025, showed C$15.5M in cash, while the investor presentation cites C$14.9M in cash and receivables as of June 30, 2026. Management’s MD&A flags material going-concern uncertainty due to zero revenue, negative operating cash flow, and total dependence on future equity raises. Subsequent to the balance-sheet date, the company raised approximately C$9.0M gross through August 2026 unit and flow-through tranches.

The stock rose from approximately C$0.55 in mid-December 2025 to C$1.25-1.27 between late January and late February 2026, driven by intercepts of 82,334 g/t and 5,791 g/t at Langis, before round-tripping to C$0.61 near the low end of that range. Consequently, the Thorn anchor is not embedded in the current valuation, meaning today’s results are not being measured against a price that has already priced them in.

Today’s results are not materially better than previously demonstrated on the property and are materially worse in grade than THN26-372 and THN25-322. The primary addition is extent rather than quality, including a 580 m strike and 350 m down-dip extension of a previously 20 m step-out, the recognition of a stacked vein system rather than a single vein, and the western continuation across the Le Jeune Creek fault, evidenced by two of three holes. The company interprets this as evidence that the deeper porphyry may also extend west. These findings change the shape of the MRE rather than its economics. This final-batch resource-definition and extension news on the secondary asset provides real scale information but weak grade, without changing the investment thesis or the equity’s primary driver.

Brixton Metals Corporation (BBB) is a Canadian explorer managing four wholly owned projects and a new option. Its flagship Thorn project in northwest BC’s Golden Triangle covers approximately 2,945 km2 and hosts copper, gold, silver, and molybdenum mineralization. The property features a shallow high-grade gold-silver-copper zone and the deeper Camp Creek porphyry system. Additional porphyry targets include Catalyst and Tempest, both of which are expected to have discovery holes drilled by late 2025, as well as the Sentinel and Trapper gold targets. The 2026 exploration programme, comprising 6,592.30 m in 25 holes, is now complete, with a mineral resource estimate due in the first quarter of 2027.

In Ontario’s Cobalt camp, Brixton holds the Langis and Hudson Bay properties, which are past-producing high-grade silver-cobalt-nickel deposits. The Langis mine produced 10.4 moz of silver at an average grade of ~777 g/t between 1908 and 1989, with over 10 km of underground workings remaining. The company’s 2026 programme is targeting 60,000 m of drilling, with a maiden mineral resource estimate targeted for 2027. A tailings recovery programme is underway, involving 85 sonic holes reported on September 8, 2026, which returned length-weighted grades of 61.7 g/t Ag over 119.5 m. Metallurgical testwork and a recovery and remediation plan are being developed under Ontario’s new regulatory regime.

The Hog Heaven project in Montana, which hosts copper, silver, and gold, has been optioned to Ivanhoe Electric. Ivanhoe can earn a 75% interest for US$4.5M in cash and US$40M in work, having already paid US$3.5M in cash and spent approximately US$19M to date. Brixton also holds the Atlin Goldfields project in northwest BC, optioned to Eldorado Gold. Eldorado can earn a 100% interest for C$1.1M in cash and C$5.35M in work, with a C$7M cash exercise option, while Brixton remains the operator.

Additionally, Brixton signed a 100% option agreement for the Silvergruvan project in Sweden on September 2026. The 1,460 ha property, which hosts silver, lead, zinc, antimony, and indium, requires C$1.5M in shares and C$3.3M of exploration over three years, with a 2% net smelter return (NSR) reducible to 1%. Notable holders of Brixton Metals include BHP Investments Canada, Goehring & Rozencwajg, US Global Investors, Ivanhoe Electric management, and Azvalor.