BRIXTON METALS

PROPERTY LOCATION & ACQUISITION DATE

Project Activities In The 2022 Season

Brixton Metals Corp. Vancouver, BC brixtonmetals.com

Contacts

GENERAL INQUIRIES, CONTRACTING, EMPLOYMENT & ENVIRONMENT

Alyssa Holtby Project Manager

604 226 9754 pm@brixtonmetals.com

LEADERSHIP

Gary Thompson

Chairman and CEO, President, Director

604 630 9707 gary.thompson @brixtonmetals.com

The Thorn properties are located northwest of the prolific-metal-rich Golden Triangle, approximately 130 km southeast of the community of Atlin and 120 km north-northwest of Telegraph Creek. Brixton Metals Corporation acquired the Thorn Property in 2010 to 2012. In 2018 the land package expanded significantly through the Mineral Tiles Online (MTO) online-stacking claims. In 2022, the Terr, Tat, and Val properties were acquired from IMGM International Mining Canada Inc.

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

Drilling Highlights:

• Drilled preliminary exploration holes at the Metla copper-gold porphyry target;

• Expanded the Trapper Gold Target mineralization; with THN22-244 intercepting 253 of 1.40 g/t AU including 93 m of 3.22 g/t Au and 10 m of 10.77 g/t Au;

The 2022 exploration program at the Thorn Property included detailed structural mapping of the Camp Creek porphyry system and the Gold Trapper Zone, supported by 1,229-line-km of Airborne Magnetometer Survey flown covering a 107.6 km2 area. A total of 6,483 m were drilled in the Camp Creek Zone, 9,119 m in the Trapper Zone, 1,482 m in the Metla Zone, and 1,038 m in the Outlaw Zone. During drilling soil and rock geochemical sampling, reclamation of drill pads and further drill site clean-up also occurred.

• Extended the copper porphyry mineralization at the Camp Creek Target; with THN22-221 intercepting 234m of 0.57% CuEq within 582.44m of 0.45% CuEq within 779.65m of 0.37% CuEq.

Geochemistry Highlights:

• Collected and analyzed 498 rock samples and 1,133 soil samples with 14 rock samples > 10 g/t Au and 76 rock samples >1% Cu.

Number of employees working on your project(s)?

In the 2022 exploration season between 25 to 45 personnel (at peak season) worked at Brixton Metals Thorn Property. Brixton Metals hired seven First Nations personnel as employees, contractors, and subcontractors.

Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?

Each year funding comes from new and existing investors with the majority being Canadian, American, and European investors. BHP Group Limited, Eric Sprott, Ivanhoe Electric, Management, Crescat Portfolio Management LLC, US Global, and Rob McEwan own 38.82% of the company. The balance is retail and institutional investors. The market cap is $74.36 million as of January 2023.

Tentative plans and hopes for the 2023 season?

• Drill up to 20,000 m with a primary focus on Camp Creek CU-AU-AG-Mo Porphyry Target and the Trapper Gold Target.

• Conduct geophysical surveys over the Metla and South Target areas.

• Collect 2,000 to 2,500 soil-rock samples and geochemical modeling on new targets.

• Collaborate with Mineral Deposit Research Unit (MDRU) and BHP to improve our porphyry fertility understanding and porphyry vectoring techniques.

RELATIONSHIP WITH THE TCG & TAHLTAN NATION

During the 2022 season, what involvement did TCG personnel and departments have with your company? If they were not involved, why not?

During the 2022 season, the Tahltan Central Government (TCG) and the Tahltan Nation Development Corporation (TNDC) assisted Brixton Metals with supplying Tahltan contractor information and bridging the communication between different TNDC partnerships. We held discussions with the Employment & Business Director, Ann Ball, regarding new and ongoing contracting opportunities and community engagement initiatives.

In 2022, how many Tahltans did you employ? What positions did they hold in your company and what percentage of Tahltans did you employ compared to others?

6.67% of First Nations personnel employed in the field self-identified as Tahltan members and 2.2% of the total workforce self-identified as Tahltan members.

What employment opportunities, now and in the future, are available to Tahltan members?

Thorn Property 2023 current and future employment opportunities include camp maintenance workers, construction workers, equipment operators, geologists, engineers, drillers, drill helpers, mill workers, soil samplers, prospectors, core shack geotechnicians, drill pad builders, line-cutters, reclamation workers, core cutters, kitchen staff, support crew, and logistical support.

Why should Tahltan members want to work for you?

At Brixton Metals, we are committed to providing a welcoming, and safe work environment for members of the communities in which we operate. Working on the Thorn Project provides many opportunities for workers to gain knowledge, skills, and trades while working in interesting and challenging environments. Brixton provides on-site training and is open to off-site training and education support to further people’s careers in exploration and mining. We are working with the TCG to connect with potential employees and encourage Tahltan members to join our team.

Did you have any Tahltan contractors working for your company? What percentage of your contracting dollars went to Tahltan companies, including TNDC and their joint ventures?

Yes. 7.72% went to Tahltan companies, including TNDC and their joint venture. Brixton Metals is working with the TNDC and Tahltan contractors to increase this percentage.

Do you have any outside contractors working for you? If so, who are they? Who were the primary contractors you utilized? Do they offer employment opportunities to Tahltan members?

Brixton Metals works with a diverse group of contractors who both employ Tahltan members and offer employment opportunities to Tahltan members. We worked with the following contractors:

• Wild Timber Industries Ltd.: Certified fallers and carpenters (Dease Lake, BC);

• Norad Logistics: Pad builders, equipment operators, construction workers, etc. (Smithers, BC);

• Northern Labour Services: Camp services, core cutters, soil samplers, geotechs, etc. (Dease Lake, BC);

Annuk Expediting & Logistics: Expediting and logistics positions (Whitehorse, Yukon);

• Atlas Drilling Ltd.: Drillers and drill helpers (Kamloops, BC);

• Interior Helicopters: Pilots and general helpers (Kamloops, BC);

• Tyrannosaurus Exploration Services: Head Cooks, kitchen helpers, Level 3 First Aid attendants (Revelstoke, BC);

• Tintina Air: Commercial pilots and aircraft maintenance technicians (Whitehorse, Yukon); and

• ATELP: Cooks, housekeepers, core cutters, maintenance workers, etc. (Atlin, BC).

MINERAL EXPLORATION COMPANY