corporate presentation september 2018brixtonmetals.com/wp/wp-content/uploads/2018/09/bbb... ·...

1 TSXV: BBB 8BX1 : GR BXTMF :OTCMKTS

CORPORATE PRESENTATION SEPTEMBER 2018

Information set forth in this presentation involves forward-looking statements, including but not limited to comments regarding timeline, predictions and projections. 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. 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 on the Company’s website or other reports and filings with the TSX Venture Exchange 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 state. The historical estimates contained in this presentation have not been verified as current mineral resources. In general, Brixton Metals believes that the historical estimates are a reasonable estimate based on data available at the time and that there is potential to expand this historical estimate to a significant drill discovery through an initial round of exploration drilling and by closer-spaced infill drilling to standards suitable for formal resource estimation. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and Brixton Metals is not treating the historical estimate as current mineral resources or mineral reserves. No assurances can be made that exploration targets will be developed into resources or reserves. The exploration targets are conceptual in nature and relies on projections of mineralization that are beyond the standard CIM classification of mineral resources and should not be relied on as mineral resource estimates Mr. Sorin Posescu, P.Geo. is the QP who assumes responsibility for the technical contents of this Presentation.

SAFE HARBOUR STATEMENT

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BRIXTON’S STRATEGY

Generate shareholder value through de-risking its projects to feasibility Focus on geology with district scale potential for both high-grade underground and open pit type deposits

Make use of Artificial Intelligence and machine learning for new target generation to improve the discovery process and lower the risks / costs

Form partnerships with senior companies for mine development

It All Starts With The TEAM !

GARY THOMPSON P.Geo., CHAIRMAN & CEO • 25 years in resource exploration. • Former Project Geologist for NovaGold

Resources, Newmont Alaska and Encana Corporation

• Built then sold Sierra Geothermal in 2010 • Co-Led financings totaling $80M

CALE MOODIE BSF, CPA, CA, CFO & DIRECTOR • Former CFO of Underworld Resources sold to

Kinross • 16 years in public markets • Involved in $100M public company financings

SORIN POSESCU P. Geo., VP EXPLORATION • 20 years experience in resource exploration • Former Senior Project Geologist with NovaGold,

Sierra Geothermal and OMV Petrom

DANETTE SCHWAB, P.Geo., SENIOR GEOLOGIST • 15 years experience in mineral exploration • Former Senior Geologist for NovaCopper,

Fronteer Gold (sold to Nemwont), NovaGold, Balmoral and Riverside

IAN BALL B.Com, DIRECTOR • CEO of Abitibi Royalties Inc. • Previously President of McEwen Mining Inc. • Credited with leading the team that built the El Gallo

1 mine and making the El Gallo 2 discovery

CARL HERING, PhD., DIRECTOR • 35 years experience in mineral exploration globally • Previously held senior positions with Noranda and

Placer Dome in the Western USA, Mexico, Central America, Austral-Asia, Asia Pacific

• Instrumental in building Brett Resources to a 10 Moz gold resource (sold to Osisko Mining)

RANDALL THOMPSON, DIRECTOR

• 30 years experience in building and operating underground and open pit mines precious and base metals mines in Canada, Australia and the Middle East

• Chief Operating Officer of Huckleberry Mines Ltd., and supervised the roughly $100 million expansion

• Led the $450 million construction of the Jabal Sayid mine in Saudi Arabia for Equinox Minerals.

MANAGEMENT & DIRECTORS

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A discovery driven team with a proven track record of building companies

SHARE STRUCTURE

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1 year stock 2018 chart $CAD

BBB Ownership Gold 2000 8% Management 7% Desert Mountain Energy 6% Evanachan, Rob McEwen 5% Hecla Mining 3% US Global 3% Pan American Silver 4% Eric Sprott 1% Retail 63%

TSX Venture Exchange Ticker BBBBBB Share Price CAD$ $0.20Shares Outstanding Sept 15, 2018 69 MOptions 6 MWarrants 12 MMarket Capitalization $14 MCash as of June 30, 2018 $2.4 MDebt $0

Presenter

Presentation Notes

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U.S. Debt vs. Gold

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STEEP GOLD-SILVER RATIO

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Current

1970-2017 Average 56

TIME to BUY?

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PROJECT LOCATION

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Mexico

Hog Heaven Ag-Au-Cu

Langis Ag-Co

Thorn Au-Cu-Ag

Atlin Au

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PROJECT SUMMARY Brixton wholly owns 4 exploration and development projects for gold-silver and

base metals/cobalt within Canada and the United States of America

Cobalt Camp Ag-Co: Brownfield silver-cobalt exploration project Langis Mine: 10.4 Moz at 25 opt silver, 358,340 lbs of cobalt past production Hudson Bay Mine: 6.4 Moz at 123 opt silver, 185,570 lbs of cobalt of past production Silver intercepts up to 6m of 4719 g/t Ag and cobalt up to 3m of 1.23% Co Accidental diamondiferous kimberlite discovery 2018

Atlin Gold Project: Early stage, Barkerville style high grade gold targets Yellowjacket best intercept 5.57m of 509.96 g/t Au Yellowjacket Mine Non-NI-43-101 estimate of 453,500t at 10.26 g/t Au (1) Page 17

Thorn Gold-Copper-Silver Project: Early stage, drill ready targets 2014 inferred resource of 21.5M AgEq Oban zone drilling to 90m of 628 g/t Ag, 1.7 g/t Au, plus base metals Proposed drill testing of copper-gold porphyry target

Hog Heaven Ag-Au-Cu: Advanced stage silver-gold-copper mine project Non-NI-43-101 compliant estimate of 47.3 Moz Ag and 0.23 Moz Au.(2) page 26 722 drill holes for 57,498m with a near term development path Drilling to 12m of 1089 g/t Ag or 53m of 411 g/t Ag

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Cobalt Camp

COBALT CAMP PROJECTS

The Camp Historically has produced over 500 Moz of Silver and 50 Mlbs of Cobalt

Past production: 6.4 Moz Ag at 123 opt Ag 185,570 lbs of cobalt

Northeast Ontario, Canada

Past production: 10.4 Moz Ag 358,340 lbs of Cobalt cobalt

LANGIS MINE

HUDSON BAY MINE

COBALT PROJECT SUMMARY Two past producing, high-grade silver mines in the Cobalt Camp, Ontario, Canada

A brownfields exploration and development opportunity for silver-cobalt. LANGIS MINE past production (1908-1989) of 10.4 Moz Ag at 25 opt and 358,340 lbs of cobalt (Closed in 1990 due to a silver price drop to $5/oz.)

HUDSON BAY MINE past production (1905-1953) of 6.4 Moz Ag at 123 opt and 185,570 lbs cobalt from 52,032 tons Silver recoveries ranged from 88% to 98% (Assays up to 18% Ag and 16% Co)

Excellent local infrastructure: year round road access, power and railway Brixton signed an Exploration Agreement with the Timiskaming First Nations

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LANGIS 2018 RESULTS

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Drill highlights Langis Mine Project Hole From To Interval Silver Cobalt

ID (m) (m) (m) g/t % LM-18-25 160.53 161.53 1.00 - 0.70 LM-18-31 192.00 193.00 1.00 246.00 - LM-18-39 187.10 195.00 7.90 802.10 - LM-18-41 203.00 204.00 1.00 331.00 - LM-18-42 6.00 7.00 1.00 19.80 0.56 LM-18-42 18.00 24.00 6.00 4,719.33 0.33 LM-18-43 14.00 17.00 3.00 1,270.00 - LM-18-44 12.00 20.00 8.00 813.56 - LM-18-45 132.00 135.00 3.00 43.97 1.23 LM-18-16 158.73 166.60 7.87 2,787.26 0.27 LM-18-23 157.52 158.50 0.98 3.80 3.55

Diamond DescriptionsOff White, Transparent, No Inclusions, Fragment, Serrate Laminae

Sample Sample Weight Fraction Size Diamond Length Width HeightID Dry kg Microns Count (mm) (mm) (mm)

E 2/2 6.45 150 1 0.28 0.2 0.08

Drill Hole 37 Intersected 44m of Diamondiferous Kimberlite

HUDSON BAY SELECT DRILL RESULTS

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Hole ID From (m) To (m) Interval Co (%) Ag (g/t) Ni (%) Cu (%) CoEq (%)HB18-01 52.20 53.00 0.80 1.00 11.10 0.72 0.95 1.25HB18-03 53.17 55.00 1.83 0.28 8.30 0.15 0.18 0.34

Hole From To Interval Silver Copper Cobalt CoEq AgEqID (m) (m) (m) g/t % % % g/t

HB-18-23 86.00 92.00 6.00 37.52 1.03 0.10 0.21 302.49HB-18-23 133.00 135.00 2.00 63.00 0.16 1.38 1.43 2024.01

HB-18-21B 132.00 137.00 5.00 23.90 0.45 0.42 0.48 673.46including 134.00 136.00 2.00 40.65 0.22 0.97 1.02 1434.53

Hole ID From (m) To (m) Interval Co % Ag g/t Cu % CoEq %HB-18-04 46.00 49.00 3.00 0.22 17.30 0.48 0.25 HB-18-05 56.00 57.00 1.00 0.71 10.30 0.80 HB-18-06 36.00 42.70 6.70 625.80 0.26 including 39.00 41.00 2.00 2,070.00 0.55 HB-18-07 56.00 61.00 5.00 0.04 236.36 0.25

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LANGIS-HUDSON BAY Next Steps

Total drilled 10,875m and 2,000m to be drilled in Q4-2018 for additional kimberlite and silver-cobalt Q3-Q4 2018 Drill for extension of the previously mined veins at Langis and Hudson Bay Define a mineralized zone that could establish a maiden NI-43-101 resource estimate

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Spruce Creek: 85 oz gold nugget Birch Creek: 73 oz gold nugget Pine Creek: 48 oz gold nugget Ruby Creek: 47 oz gold nugget McKee Creek: 28 oz gold nugget

ATLIN GOLD PROJECT

Atlin Mining District, NW British Columbia, Canada 979 SQKM claim group wholly-owned with low NSR’s Road accessible Limited hardrock exploration

120 Years of Placer Gold Production, 2nd largest gold producer in BC (Ash, 2011) Largest gold nugget discovered in Canada 85 oz. (Spruce Creek) Top 11/20 gold nuggets in BC were discovered in the Atlin Camp (top 5 below)

BC

YELLOWJACKET MINE Located 7km east of Atlin, BC 80m wide auriferous regional shear zone (Pine Creek Fault) Listwanite-Altered Ultramafic and Mafic-hosted free gold Small Mines Permit M-235; 75,000 tons of ore processing per year (200t/day) (Minfile 104N043 – non-NI43-101-compliant) 453,000 tonnes at 10.26g/t gold (1)

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ATLIN GOLD PROJECT

Note 1: In 1988, Homestake Mineral Development Company (“Homestake”) outlined the Yellowjacket gold zone by drilling 58 diamond drill holes of which gold was intercepted to 140m depth. Homestake delineated a historical non-compliant resource estimate of 453,500 tonnes grading 10.26 g/t gold (British Columbia Department of Mines Open File 2000-2 page 41). These are historical figures and do not comply with the CIM reporting standards National Instrument 43-101 for mineral resources or reserves and should not be relied upon. While Brixton considers these historical estimates to be relevant to investors as it may indicate the presence of mineralization, a QP for Brixton has not done sufficient work to classify the historical estimates and Brixton is not treating these historical estimates as a current mineral resource.

MINERALIZATION STYLES IN THE ATLIN MINING DISTRICT OROGENIC GOLD MINERALIZATION Listwanite-Hosted Gold: Shear zone hosted quartz-carbonate-mariposite veins and free gold hosted in listwanite altered mafic and ultramafic lithologies Argillite-Phyllite-Hosted Gold: Quartz-albite-carbonate-bearing veins, stockwork and breccias hosted in cherty-argillite-to-phyllitic metasedimentary rocks Veins/Au mineralization is concentrated in areas proximal to faults and deformed lithological contacts Intrusion-Related Gold Mineralization – Gold nuggets intergrown with cassiterite (SnO2) and thorite (ThSiO4) have been collected from placer producing streams proximal to the Surprise Lake Batholith

Listwanite-hosted free gold

Phyllite-hosted gold-bearing veins

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YELLOWJACKET DRILLING

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SEEKING JV PARTNERS

• Drill Ready Projects For Option / JV

• THORN Gold-Copper-Silver Project

• HOG HEAVEN- Silver-Gold-Copper +- Lead-Zinc

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THORN PROJECT SUMMARY

Wholly owned 997 km2 claim block Accessed via one hour fixed-wing flight from Whitehorse, YK, 65km to tide water 21.5 Moz AgEq Inferred (7.4 Mt at 89.75 g/t AgEq)2*

Sediment hosted Au-Ag

Porphyry Cu-Au-Ag-Mo potential

Signed Exploration Agreement with

the Taku River Tlingit First Nations

Exploration Project

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THORN Au-Cu-Ag

16m of 3.13 g/t AuEq


2014 THORN BLOCK MODELS


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The 2 deepest holes at the Oban zone intersected 30m of 1.18% Cu and one ended in 0.53% Cu See Brixton’s website or SEDAR for the NI-43-

101 report on the Thorn Project

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Chivas Cu-Au-Mo-Ag Porphyry

First exploration work in 2014 returned up to 11 g/t Au (soil-talus fines)

7 sqkm (gold-in-soil + IP high) anomaly and is open to the NW/SE 8 sqkm (copper-in-soil anomaly) 2017 work: 2455m of drilling Open-ended Copper Corridor Porphyry Cu-Au target to be drill tested Strong Mo/As and Ag/Au ratio’s, see Brixton’s website Thorn page for details

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HOG HEAVEN Ag-Au-Cu Project Montana, USA

Year-round road access

10 sections of private Lands Non BLM or Forest Service Permitted

HOG HEAVEN Ag-Au-Cu Project

The Hog Heaven property is located in north-western Montana, USA and is wholly owned by Brixton subject to a 3% NSR to the vendors Hog Heaven is a high-sulphidation Ag-Au-Cu-Pb-Zn epithermal vein-breccia deposit with high-grade underground targets

Hog Heaven

A Feasibility Study was completed in 1988 by American Mining Services

6.7Moz Ag at 29 oz/t Ag, 3Koz Au, 23Mlbs Pb, 0.6Mlbs Cu were mined from 230K tons and directly shipped to a smelter (1928-’64)

722 drill holes for 57,498m of drilling from the late 1970’s to the mid 1990’s

Hog Heaven Historical (Non-compliant-Ni-43-101)

(2) Based on a historical estimate for Hog Heaven prepared by Gregory Hahn, Chief Geological Engineer for CoCa Mines Inc., a previous owner of the property, in a report titled "Hog Heaven Project Optimization Study" dated May 1989, prior to implementation of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) (as disclosed in a prior owner’s resource statement [see Brixton’s news release dated June 22, 2017]) and based on diamond drilling. While Brixton considers these historical estimates to be relevant to investors as it may indicate the presence of mineralization, a QP for Brixton has not done sufficient work to classify the historical estimates as current mineral resources as defined by NI 43-101 and Brixton is not treating these historical estimates as a current mineral resource.

Historic (2) Tonnes mm Ag (g/t) Au (g/t) Moz Ag Moz Au

10.3 142 0.68 47.3 0.23

USA

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100.58 m of 266 g/t AgEq Incl. 12.19m of 745 g/t AgEq

HOG HEAVEN-MAIN MINE LONG SECTION SILVER EQUIVALENT* VIEW TO EAST

23.01m of 687 g/t AgEq Incl. 3.05m of 3347 g/t AgEq

54.86m of 411 g/t AgEq** Incl. 12.19m of 841 g/t AgEq




metres

8040



A

74.68m of 338 g/t AgEq

Incl. 16.77m of 524 g/t AgEq



18.19m of 1623 g/t AgEq


OPEN

OPEN

A’



*Silver Equivalent values (AgEq) were calculated using the formula AgEq = $1,200 x Au g/t ÷ 31.104 + $17 x Ag g/t ÷ 31.104 + $3 x % Cu ÷ 100 x 2204.63 + $1 x % Pb ÷ 100 x 2204.63 + $1.20 x % Zn ÷ 100 x 2204.63/$17 x 31.104. This method assumes full metal recoveries. Metal prices used in this calculation include: $17 per ounce for Ag, $1200 per ounce for Au, $3 per pound for Cu, $1.2 per pound for Zn and $1 per pound for Pb.

** These intercepts have incomplete assay data for Cu, Pb and Zn

OPEN

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Hole ID From (m) To (m) Interval (m) Ag g/t AgEq g/t Ag GxT AgEq GxTFD-75-2 204 244 40 155 336 6154 13313FD-75-4 163 205 42 96 275 4022 11589FD-75-5 69 78 9 95 253 866 2312FD-75-6 81 93 12 111 165 1319 1962

FD-76-27 114 133 18 633 695 11585 12708BOD-79-2 0 11 11 472 490 5039 5230

BOD-79-2A 0 9 9 680 744 6219 6798AFR-79-2 55 59 5 738 913 3378 4180AFR-79-5 107 119 12 1089 2330 13279 28406AFR-79-5 279 305 26 211 268 5472 6948AFR-79-9 49 55 6 608 694 3703 4228AFD-79-8 43 66 23 599 687 13777 15801AFU-80-1 44 56 12 349 535 4252 6526AFR-80-4 108 136 27 329 527 9034 14471AFR-80-9 93 168 75 210 338 15689 25269

AFR-80-26 17 84 67 302 391 20241 26218AFD-81-24** 189 251 62 155 182 9676 11365AFR-81-8** 61 116 55 254 411 13941 22532

AFR-81-26** 40 72 32 276 318 8847 10165AFR-81-38A** 38 91 53 411 643 21930 34287AFR-81-40** 0 43 43 356 375 15196 15982

R-83-52** 107 125 18 372 633 6806 11577

HOG HEAVEN HISTORICAL DRILLING

*Silver Equivalent values (AgEq) were calculated using the formula AgEq = $1,200 x Au g/t ÷ 31.104 + $17 x Ag g/t ÷ 31.104 + $3 x % Cu ÷ 100 x 2204.63 + $1 x % Pb ÷ 100 x 2204.63 + $1.20 x % Zn ÷ 100 x 2204.63/$17 x 31.104. This method assumes full metal recoveries. Metal prices used in this calculation include: $17 per ounce for Ag, $1200 per ounce for Au, $3 per pound for Cu, $1.2 per pound for Zn and $1 per pound for Pb.

** These intercepts have incomplete assay data for Cu, Pb and Zn

722 holes: 68% of intervals were not analyzed for copper and 34% were not analyzed for lead and zinc

Copper and Gold grades increase with depth

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HOG HEAVEN Next Steps

Re-logging and resampling of the historical drilling 2018 Drilling with a focus on high grade zones as confirmation, infill

and extension of know mineralization in 2018-2019

Define a maiden resource with sufficient material to advance to PEA 2019-2020

Contact Information BRIXTON METALS CORPORATION

(TSX-V: BBB)

1-604-630-9707 email: [email protected] www.brixtonmetals.com Suite 551 – 409 Granville Street, Vancouver, BC, V6C 1T2 Canada

http://www.brixtonmetals.com/

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