CORPORATE PRESENTATION FEBRUARY 2019 FOCUSED PURSUIT OF HIGH-GRADE - - PowerPoint PPT Presentation

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8BX1 : GR BBB : TSXV BBBXF : OTCQB

FOCUSED PURSUIT OF HIGH-GRADE GOLD IN THE HISTORIC ATLIN GOLDFIELDS, BC

CORPORATE PRESENTATION FEBRUARY 2019

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
• ften 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

• bligation 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

Focus on high-grade gold at the Atlin Goldfields Project in 2019 At Atlin we intend to drill: Existing historic high-grade gold zones Refine new targets with a goal of making a discovery Looking for partnerships with senior companies on other wholly

• wned assets

It all starts with the TEAM….

GARY THOMPSON P.Geo., CHAIRMAN & CEO

• 25 yrs in resources, includes 12 yrs in public markets
• Former Geologist for NovaGold Resources, Newmont Alaska and

Encana Corporation

• Built & sold Sierra Geothermal in 2010
• Led financings totaling $80M

CALE MOODIE BSF, CPA, CA, CFO & DIRECTOR

• Former CFO of Underworld Res. 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 Geologist with NovaGold, Sierra Geothermal and OMV

Petrom

DARREN O’BRIEN P.Geo., EXPLORATION MANAGER

• 25 years experience in exploration for gold and base metals
• Former geologist for Placer Dome on Donlin Creek, Pueblo Viejo,

Musselwhite and Mt Milligan

• Former geologist for Terrane Metals Corp (sold for $650 million)

and Pure Gold Mining

IAN BALL B.Com, DIRECTOR

• CEO of Abitibi Royalties Inc.
• Former President of McEwen Mining Inc.
• Led 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 (sold to Osisko Mining)

RANDALL THOMPSON, DIRECTOR

• 30 years experience in building and operating underground and
• pen pit mines in Canada, Australia, Mid-East
• Supervised the roughly $100 million expansion of Huckleberry

Mines

• Led the $450 million construction of the Jabal Sayid mine in Saudi

Arabia for Equinox Minerals

DANETTE SCHWAB P.Geo., SENIOR GEOLOGIST

• 15 years experience in mineral exploration
• Former Geologist for NovaGold, NovaCopper, Fronteer Gold (sold

to Newmont for $2.3 billion)

MANAGEMENT & DIRECTORS

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A discovery driven team with a proven track record and aligned interests

SHARE STRUCTURE

1 Year Stock Chart $CAD Management Evanachan-McEwen Gold 2000 US Global Pan American Silver Hecla Mining Desert Mtn Energy

Retail 8% 7% 6%

4.5%

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3.0% 3.0%

4.0%

PROJECT LOCATION

6 Mexico Hog Heaven Ag-Au-Cu Langis Ag-Co

Thorn

Au-Cu-Ag

Atlin Au

Four Wholly Owned High Potential Exploration Projects

WHY ATLIN?

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Underexplored district scale gold targets A 120 year history of placer gold mining but limited modern exploration for hard-rock gold deposits Exceptional drill results: 5.57m of 509.96 g/t Au (16 opt gold) 2.62m of 853.28 g/t Au (27 opt gold) 13.50m of 11.21 g/t Au (0.36 opt gold) 6.00m of 21.07 g/t Au (0.68 opt gold) Potential to be the next Barkerville / Caribou Gold Camp The largest gold nugget in Canada was from Atlin “85 ounces”

ATLIN GOLDFIELDS PROJECT

Early stage, OROGENIC gold

 High-grade, small historic resource at Yellowjacket Non-NI-43-101

compliant estimate of 453,500t at 10.26 g/t Au (1)

 Recently consolidated ~1000 SQKM claim group  Good infrastructure, extensive road network from Atlin, BC, Canada  4 drill ready targets: Yellowjacket, Pictou, LD and Imperial  5 newly identified targets that warrant follow-up work prior to drilling

Qtz-phyllite gold Bottom of placer pit

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GOLD TARGETS

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ROADS/PLACER/GEOCHEM

Pine Creek

Individual Nuggets Spruce Ck: 85oz. Birch Ck: 73oz. Pine Ck: 48oz. Ruby Ck: 47oz. McKee Ck: 28oz.

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ATLIN vs BARKERVILLE

Mineral claims Mineral claims Placer claims Placer claims

Atlin Gold Camp

120 years of mining

Barkerville/Caribou Gold Camp

160 years mining

Placer production est. 3.4 Moz Historical production 1.2 Moz M+I = 1.6 Moz at 6.1 g/t Au Inferred = 2.1 Moz at 5.2 g/t Au Placer production est. 0.6-2 Moz Au rock source yet to be discovered

Non NI-43-101, 453,500t at 10.26 g/t Au (1)

5 20 40

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CRACKING THE CODE

Under the new Barkerville team, drilling went from gold in 2 of 10 drill holes to gold in 9 of 10 holes drilled They focused on structural controls and genesis of gold deposition went from ~1Moz Au of historic estimates to 1.6Moz M+I plus 2.1Moz inferred resource and growing Brixton plans to focus on the structural controls for gold deposition in the Atlin Goldfields and target high grade gold deposits

The secret of Barkerville’s success

ATLIN vs BARKERVILLE

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Atlin Gold Camp

• 2nd largest placer production in BC
• 120 years of placer mining
• 1004 sqkm of mineral rights
• Largest gold nugget in Canada, 85 oz
• Gold hosted fault-shear-extensional
• Intrusion related gold signature too
• 8 areas of interest identified
• Qtz-carb-albite-sericite-pyrite+-fuchsite

alteration

• Richest veins are commonly proximal

to ultramafic rocks

• Gold is cospatial with the collisional

suture between the accreted Terranes

Barkerville Gold Camp

• Largest placer production in BC
• 160 years of placer mining
• 2071 sqkm of mineral rights
• Largest gold nugget 19oz
• Gold hosted fault-shear-

extensional-replacement

• 183 vein corridors
• Qtz-carb-sericite-pyrite alteration
• Gold is cospatial with the

collisional suture between the accreted Intermontane Terranes

Source: https://journals.lib.unb.ca/index.php/gc/article/view/12434/13334 http://barkervillegold.com/

Source: Mihalynuk, M.G., Zagorevski, A., Devine, F.A.M., and Humphrey, E., 2017

Phyllite-hosted gold-bearing veins

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(i) Listwanite-hosted Gold: Shear zone hosted quartz-carbonate-mariposite veins and free gold hosted in mafic and ultramafic lithologies (Yellowjacket, LD and Pictou zones) (ii) Argillite-Phyllite-Hosted Gold: Quartz-albite- carbonate-bearing veins, stockwork and breccias hosted in cherty-argillite-to-phyllitic metasedimentary rocks (LD zone, Otter, Feather, Wilson Creek) (iii) 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, (Tintern Creek and McKinley Creek targets) MULTIPLE DISCOVERIES POSSIBLE

MULTIPLE MINERALIZATION STYLES AT ATLIN

Source: Mihalynuk, M.G., Zagorevski, A., Devine, F.A.M., and Humphrey, E., 2017

YELLOWJACKET DRILLING

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.

• Located 7km East of Atlin
• (Non-NI-43-101-compliant)

453,500 tonnes at 10.26g/t gold (1)

• 80m wide shear zone,300m

strike and depth to 140m

• Mine Permit for 200 tpd
• Positive simple gravity

concentrate with high recovery rates

• Working respectful

relationship with the Taku River Tlingit First Nations 15

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Hole ID From (m) To (m) Length (m) Gold (g/t) YJ03-01 13.94 19.51 5.57 509.96 TW05-02 10.67 13.29 2.62 853.29 MET06-02 12.00 15.00 3.00 111.41 YJ04-07 53.40 54.45 1.05 221.13 L100E-60B 13.23 15.27 2.04 78.71 TW05-02 22.00 35.50 13.50 11.21 YJ04-20 138.00 141.00 3.00 47.90 MET06-03 36.00 42.00 6.00 21.07 MET06-01 12.00 14.00 2.00 60.42 YJ03-01 35.97 39.01 3.04 35.12 YJ03-01 21.64 26.82 5.18 19.17 TW05-02 37.50 38.50 1.00 86.83 YJ04-22 106.80 108.30 1.50 55.04 YJ88-57 93.00 97.00 4.00 17.99 YJ86-07 41.61 44.50 2.89 23.41 L064E-42A 25.64 28.69 3.05 21.24 Historic Yellowjacket Drill Results

Historical Drilling Highlights

YELLOWJACKET DRILLING

free gold in core

• Listwanite-hosted Gold: Shear zone

hosted quartz-carbonate-mariposite veins and free gold hosted in mafic and ultramafic lithologies

• Gold intersected to 140m depth and

300m strike within the 80m shear so far

• Remains open for expansion

LD GOLD ZONE

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293 g/t Au

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NEXT STEPS / CATALYSTS

Complete historical data compilation and 2018 fieldwork Define drill targets and fieldwork for the 2019 program Drilling (RAB and Core) to begin spring 2019 JV or monetize other assets if a deal beneficial to shareholders is presented

ATLIN: OTHER ASSETS:

Wholly Owned Projects Seeking JV Partners

Thorn Gold-Copper-Silver Project: Early stage district scale opportunity  2014 inferred resource of 21.5Moz AgEq (open for expansion)  Oban diatreme drilling to 95m of 628 g/t Ag, 1.7 g/t Au, plus base metals  A very large copper-gold porphyry target at the Chivas Zone is drill ready Hog Heaven Ag-Au-Cu: Advanced stage silver-gold-copper project  47.3Moz Ag, 0.23Moz Au historic non-NI-43-101 compliant estimate (722 holes)  Drilling at the copper zone 18.3m of 4.5% Cu, 4.5 g/t Au, 745.7 g/t Ag  Drill ready feeder zone targets 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  New discovery of a diamond bearing kimberlite in 2018…. results pending

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APPENDICIES

Contact Information

BRIXTON METALS CORPORATION

(TSX-V: BBB)

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

U.S. Debt vs. Gold

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Largest gap in history

STEEP GOLD-SILVER RATIO

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1970-2017 Average 56

TIME to BUY?

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