Source: Brixton Metals Corporation

Brixton Metals Completes Public Offering for $2.7M

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Brixton Metals Corporation (TSX VENTURE: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

Mr. Gary R. Thompson, Chairman and CEO

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the listing of the Offered Warrants and exercise price of the compensation options are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSX-V and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Brixton Metals Corporation
Peter Oates
Investor Relations Manager
604 630 9707
www.brixtonmetals.com