VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2012) -

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

Brixton Metals Corporation (TSX VENTURE:BBB)(TSX VENTURE:BBB.WT) (the "Company" or "Brixton") announces that it has terminated its previously announced engagement with Euro Pacific Canada Inc. and Fraser Mackenzie Limited. The Company is assessing alternatives to complete its previously announced private placement.

About Brixton Metals

Brixton is an exploration company engaged in the acquisition and exploration of precious metal assets. Brixton's management is focused on advancing large-scale metal deposits to feasibility. The Thorn Project is Brixton's flagship property and is centred on a network of silver-gold-copper-bearing vein corridors and the silver-gold-lead-zinc-bearing Oban breccia zones. The Thorn property is located in northwestern British Columbia, Canada, about 50 km from the past producing Golden Bear Mine and 130 km southeast from the village of Atlin, BC. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB and its warrants trade under the symbol BBB.WT. 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

FOR FURTHER INFORMATION PLEASE CONTACT:

Carrie Sikman
Brixton Metals Corporation
Investor Relations Manager
604-630-9707
www.brixtonmetals.com

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.