Brixton Metals Completes Public Offering for $2.7M

VANCOUVER, BC, August 11, 2011 �Brixton Metals Corporation (TSX-V: BBB) (the �Company� or �Brixton�) is pleased to announce that it has completed its public offering of units (the �Units�) and flow-through units (the �FT Units�) through its agent, Global Maxfin Capital Inc. (the �Agent�) The Company issued 10,869,999 Units at a price of $0.15 per Unit and 5,802,238 FT Units at a price of $0.19 per FT Unit for gross proceeds of approximately $2,700,000, which includes a partial exercise of the Agent�s over-allotment option.
 
Each Unit consists of one common share (a �Common Share�) of the Company and one common share purchase warrant (an �Offered Warrant�) and each Flow-Through Unit consists of one common share to be issued on a �flow-through� (a �Flow-Through Share�) basis and one-half of one Offered Warrant also to be issued on a �flow-through� basis.
 
The Company expects that the Offered Warrants will be posted for trading on the TSX Venture Exchange on Friday, August 12 under the symbol �BBB.WT�.  In connection with the offering, the Company paid cash commissions equal to 9.0% of the gross proceeds of the offering to the Agent. The Company also granted to the Agents compensation warrants entitling the Agent to purchase up to 1,667,222 common shares for a 24 month period. Selling group members include Union Securities, Haywood Securities, Macquarie Private Wealth and BBS Securities.
 
About Brixton Metals
 
Brixton is a Vancouver based mineral exploration company engaged in the acquisition and exploration of precious metal assets. Brixton's management is focused on advancing large-scale deposits to feasibility. Brixton's portfolio is comprised of two properties: Thorn (BC), and Kahilt (Alaska). The Thorn property is a high-grade gold-silver-copper project located 50 kilometers from the past producing Golden Bear Mine in Northwest BC. The Kahilt Project is a gold-copper porphyry target located in the Kahiltna Terrane of Alaska. The Kahiltna Terrane hosts the giant Pebble gold-copper deposit of Anglo-American and Northern Dynasty. Brixton�s Kahilt Project is adjacent to the Whistler gold-copper deposit being developed by Kiska Metals, and the Estelle gold property being explored in joint venture by Millrock Resources with Teck American Incorporated. Brixton Metals trades on the TSX-V under ticker symbol BBB. For more information about Brixton please visit our website at www.brixtonmetals.com.
 
On behalf of the Board of Directors
 
�Gary R. Thompson�