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Press release from Marketwire

Brixton Metals Provides Financing Update

Friday, February 24, 2012

Brixton Metals Provides Financing Update17:27 EST Friday, February 24, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2012) -NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICESBrixton 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 MetalsBrixton 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 DirectorsMr. Gary R. Thompson, Chairman and CEOFOR FURTHER INFORMATION PLEASE CONTACT: Carrie SikmanBrixton Metals CorporationInvestor Relations Manager604-630-9707www.brixtonmetals.comNeither 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.