Brixton Metals Corporation (TSXV: BBB) (the �Company� or �Brixton�) announces a non-brokered private placement financing (the �Private Placement�). The Private Placement provides for the issuance of up to 3,571,429 units (�Units�) at a price of $0.14 per Unit and up to 2,941,177 flow-through shares of Brixton (the �FT Shares�) at a price of $0.17 per FT Share for aggregate gross proceeds of up to $1,000,000. Each Unit consists of one common share and one-half of one transferable common share purchase warrant (each whole warrant, a �Warrant�) with each Warrant exercisable by the holder into one common share of the Company at a price of $0.24 per share for a period of 24 months from the closing date.
 
All securities issued pursuant to this Private Placement will be subject to a four month and one day hold period. The Private Placement is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals. In the event that the Company's common shares trade at a closing price on the TSX Venture Exchange of greater than $0.30 per share for a period of 10 consecutive trading days at any time after the closing date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.
 
The closing date for the Private Placement is scheduled to occur on or about April 27, 2012.  The proceeds from the Private Placement will be used to fund exploration activities at the Company�s Thorn property. Exploration will focus on the Oban Breccia Zone and the area around drill hole THN11-60. Hole 60 which was drilled during the Company�s 2011 drill program returned 95 metres of 628 g/t Ag, 1.71 g/t Au, 3.31% Pb and 2.29% Zn and 0.12% Cu including 9.25 metres of 2,984 g/t Ag, 3.04 g/t Au, 0.53% Cu, 11.65% Pb and 3.42% Zn (as previously stated in the News Release dated January 5^th 2012).  The Company may pay a finders� fee in respect of certain subscribers in accordance with the policies of the TSX Venture Exchange.
 
About Brixton Metals Corporation
Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets and advancing them to feasibility. The Thorn Project is Brixton�s flagship property and is centered on silver-gold-copper-lead-zinc-bearing breccia zones, high-grade veins and porphyry targets. The Thorn property is located in northwestern British Columbia, Canada, about 50 km from the past producing Golden Bear Mine and 130 km southwest from the village of Atlin, BC. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.