Brixton Metals Closes Second Tranche of Private Placement for Aggregate Proceeds of $3 Million for Drilling its Cobalt Projects

Brixton Metals Corp.

VANCOUVER, BC--(Marketwired - December 29, 2017) - Brixton Metals Corporation (TSX VENTURE: BBB) (the "Company" or "Brixton") is pleased to announce that it has closed the second tranche of its private placement of flow-through shares for gross proceeds of $1,420,750 (the "Private Placement"). The Private Placement consisted of the issuance of 5,692,000 flow-through shares ("FT Shares") at a price of $0.25 per FT Share. Certain finders (the "Finders") were paid commissions comprised of a cash fee in the aggregate amount of $99,610 and were issued an aggregate of 398,440finder's warrants in connection with the Private Placement. Each Finder's warrant is exercisable to acquire one common share of the Company at a price of $0.25 for a period of 24 months from closing of the Private Placement.