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1 Corporate Presentation August 2017 Advancing High Potential Gold & Silver Projects BBB : TSX VENTURE 8BX1 : GR BXTMF :OTCMKTS OTCMKTS

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Page 1: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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Corporate Presentation August 2017

BXTMF : OTCMKTS

Advancing High Potential Gold & Silver Projects

BBB : TSX VENTURE                      8BX1 : GR                     BXTMF :OTCMKTS OTCMKTS

Page 2: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

Information set forth in this presentation involves forward-looking statements, including but not limited to commentsregarding 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, andoften contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action orevent "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 orachievements expressed or implied by such forward-looking statements. Such factors include, among others, the followingrisks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodityprices; title matters; and the additional risks identified on the Company’s website or other reports and filings with the TSXVenture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based onmanagement's beliefs, estimates and opinions on the date that statements are made and the Company undertakes noobligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances shouldchange, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty toforward-looking state. The historical estimates contained in this presentation have not been verified as current mineralresources. In general, Brixton Metals believes that the historical estimates are a reasonable estimate based on dataavailable at the time and that there is potential to expand this historical estimate to a significant drill discovery through aninitial round of exploration drilling and by closer-spaced infill drilling to standards suitable for formal resource estimation. Aqualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineralreserves, 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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Page 3: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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WHY INVEST IN BRIXTON?

High-potential gold-silver projects provide investors with a compelling risk-reward opportunity.

Thorn: Exploration project with the potential to yield a major discovery. 2 Large scale gold targets (Outlaw & Chivas) for 2017 drilling. Oban, Talisker, Glenfiddich zones for 21.5 Moz AgEq (Porphyry target).

Cobalt Camp: Brownfield silver-cobalt assets in a high-grade camp. Langis: 10.4 Moz at 25 opt Ag (Past Production). Hudson Bay: 6.4 Moz at 123 opt Ag (Past Production).

Hog Heaven: Past Producer of Silver-Gold in Montana, USA. 10.3 Mt at 142 g/t Ag, 0.68 g/t Au. (1) non-compliant NI-43-101

Historical inferred est. 47.3 Moz Ag and 0.23 Moz Au.(1)

BBB:TSXV

Page 4: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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BRIXTON’s STRATEGY

Acquire gold & silver assets in safe jurisdictions at reasonably low cost.

Generate shareholder value by unlocking the potential through drilling.

Focus on geology with district scale potential for high-grade Au-Ag, as underground (> 5 g/t Au) and open pit deposits (>2 g/t Au).

Strive for new discoveries and advance the projects to feasibility through systematic exploration.

Form partnerships with senior companies for mine development.

Page 5: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

GARY THOMPSON P.GEO., CHAIRMAN & CEO• Co-Founder of Brixton Metals Corporation • 25 years in exploration for precious/base metals,

geothermal energy and oil & gas• Former Project Geologist for NovaGold Resources,

Newmont Mining and Encana Corporation• Sold Sierra Geothermal Power 2010 • Co-Led financings totaling $75M

CALE MOODIE BSF, CPA, CA, CFO & DIRECTOR• Co-founder of Brixton Metals Corporation • Former CFO of Underworld Resources which was

sold to Kinross • 16 years in public markets• Involved in $80M public company financings

SORIN POSESCU P. Geo., VP EXPLORATION• 20 years experience in resource exploration with

several discovery credits• Former Senior Project Geologist with NovaGold,

and Sierra Geothermal Power• Former Project Geologist for OMV-PETROM (10

years)

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• Director of Colorado Resources Ltd.• 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

• Brings diversified technical skills for both evaluations and acquisition opportunities

• Instrumental in building Brett Resources to a 10 Moz gold resource (acquired by Osisko Mining in 2010)

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

and Fronteer Gold (acquired by Newmont for $2.3B)• Former Project Geologist for NovaGold, Balmoral and

Riverside

MANAGEMENT & DIRECTORS 

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

Page 6: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

SHARE STRUCTUREAs at July 20, 2017

TSX Venture Exchange: BBB share price $0.37Shares Outstanding 46,498,091Options 4,135,000Warrants 19,610,675Fully Diluted 70,244,041Market Capitalization $17.2 MillionCash $2.0 MillionDebt none

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1 year stock chart

5 year stock chart

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Management 10%Rob McEwen 8%Pan American Silver 6%US Global 5%Hecla Mining 5%Eric Sprott 4%RBIM 4%Retail  58%

BBB Ownership

Page 7: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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HOG HEAVEN, MONTANA, USA

Hog Heaven Ag-Au

Page 8: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

HOG HEAVEN Ag‐Au Project

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The Hog Heaven property is located in north-western Montana, USA.

100% of Hog Heaven was acquired for 2.68M Brixton common shares subject to a 3% NSR to the vendors.

Hog Heaven is a high-sulphidation silver-gold epithermal vein-breccia deposit with porphyry potential.

Hog Heaven

A Feasibility Study was completed in 1988 by American Mining Services (pre-dating Ni-43-101) using a silver price of US$6.50/oz and a gold price of US$400/oz.

6.4Moz Ag at 26.6 oz/t Ag were mined and directly shipped to a smelter (1929-’46).

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

(1) 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 (1) Tonnes mm Ag (g/t) Au (g/t) Moz Ag Moz Au

10.3 142 0.68 47.3 0.23

USA

Page 9: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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A District Scale ProjectAu-Ag Targets & Base Metal Targets

Northwest British Columbia, Canada

THORN, BC, CANADA

Page 10: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

THORN SUMMARY

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Wholly owned 1,114 km2 claim block

Accessed via one hour fixed-wing flight from Whitehorse, YK

Covers 10km by 30 km gold trend

Epithermal & sediment hosted Au-Ag

Porphyry Cu-Au-Mo potential

Underground and open pit targets

Very high discovery rate

Silver-rich zones, inferred resource21.5 Moz AgEq(7.4 Mt at 89.75 g/t AgEq)

Signed Exploration Agreement with the Taku River Tlingit First Nations

Juneau

THORN, BC 

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Page 11: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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THORN GEOLOGY

Structurally well prepared rocks and multiple mineralizing events over a long time period

2km

Page 12: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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THORN OUTLAW ZONE SEDIMENT HOSTED Au

59m of 1.15 g/t AuIncl. 9m of 3 g/t Au

Page 13: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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GOLD GEOCHEM

Page 14: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

CHIVAS GOLD ZONE

Cripple Creek type Au-Ag-Te deposit

3.5 km x 2 km gold-in-soil anomaly

Large near surface IP chargeability high

Drill ready for 2017

Rocks up to 6.5 g/t Au

Soil-fines to 16.7 g/t Au

Open along strike

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16.7 g/t Au, 6.39 g/t Au, 2.25 g/t Au

Page 15: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

AU ppb AG ppm

TE ppm CU ppm

Ag-ppm

70

70

127

30

15

7

3.5

1

Te-ppm

70

10

450

5

2.5

1

0.5

Cu-ppm

70

1000

5750

600

300

150

75

50

16,700

Au-ppb 1 KmN

CHIVAS Au‐Ag‐Te‐Cu

Page 16: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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The Kalgoorlie Super Pit has produced 50 millionounces of gold over 30 years and fully developedthe cut will be 3.6 kilometers long, 1.6 kilometerswide and up to 650 meters deep. KalgoorlieConsolidated Gold Mines (Barrick/Newmont).

Brixton’s Chivas Zone vs Kalgoorlie Mine Scale Comparison

The Chivas Zone has a Gold‐in‐soil anomaly with a strike of 3.5km and a width up to 2km and remains open.(Au‐Ag‐Te‐Cu geochemical signature)

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Page 17: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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Cobalt Camp

COBALT CAMP PROJECTS

The Camp produced over 500 Moz of Silver

Past production: 6.4 Moz Ag at 123 opt Ag

Northeast Ontario, Canada Past production: 10.4 Moz Ag

at 25 opt AgLANGIS MINE

HUDSON BAY MINE

Page 18: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

COBALT SUMMARYTwo past producing, high-grade silver mines in the Cobalt Camp, Ontario.

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%.

Excellent local infrastructure: year round road access, power and railway.

Brixton signed an Exploration Agreement with the Timiskaming First Nations in 2016.

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Page 19: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

2016 Drilling: 3.13m of 1,944 g/t Ag and 4.15m of 4.9 g/t Au, 397 g/t Ag

1kmScale

Nippising Diabase Sill

Syenite

Huronian Seds

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LANGIS GEOLOGYHigh‐grade silver intersections have been recovered from diabase-metaseds-volcanic rock types.

Silver bearing veins are moderate-steeply-dipping and are categorized as single-vein or multiple-vein type structures.

Shaft#7 dump sample:182,065 g/t (18%) Ag or 5,853 oz/t Ag

Geological ModelAfter Potter and Taylor 2010

Page 20: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

LANGIS MINE / NEW DRILLING

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Page 21: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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WHY INVEST IN BRIXTON?

High potential projects provides investors with a compelling risk-reward opportunity.

A discovery driven, well seasoned and efficient management team.

44M shares outstanding with strong shareholders like McEwen, US Global, Sprott, Hecla Mining and Management.

Planned 2017 drilling for high-grade silver in the Cobalt-Silver Camp.

Drilling for discovery at the Chivas Zone in June/July 2017.

Targeting new resource estimates for the projects.

BBB:TSXV

Page 22: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

APPENDIX

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Page 23: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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2km

THORN’s CHIVAS ZONE CHARGEABILITY

Page 24: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

95.08 m of 628 g/t Ag, 1.71 g/t AuIncluding 9 m of 3,646 g/t AgEq

123 m of 190.68 g/t Ag 1.19 g/t Au3.25% Zn1.74% PbWithin 310 m of223.51 AgEq

Hole 119 ended in121 AgEq at 383 m(off section)

THORN OBAN BLOCK MODEL

OBAN Zone Diatreme Breccia

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Page 25: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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THORN’s OBAN ZONE PORPHYRY TARGET

Increasing copper at depth suggestsporphyry Cu-Au-Ag target

THN12‐85 30m 1.18% Cu from 

264m

THN13‐119 ended in 7.13m of 0.53% Cu

Page 26: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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Inferred Mineral Resource Statement, Thorn Project, British Columbia, SRK Consulting (Canada) Inc., October 28, 2014.In‐Situ Grade Contained Metal

Deposit Tonnage x 1000

Grade AgEq (g/t)

Grade Ag (g/t)

Grade Au (g/t)

Grade Cu (%)

Grade Pb (%)

Grade Zn (%)

Metal AgEq Oz 

Metal Ag Oz x 1000

Metal Au Oz x 1000

Metal Cu Lbs x 1000

Metal Pb Lbs x 1000

Metal Zn Lbs 

x 1000 x 1000

ObanIn‐Pit 3700 105.07 50.82 0.4 ‐ 0.31 0.58 12500 6000 50 NA 25200 47500Underground 500 113.84 50.51 0.46 ‐ 0.37 0.67 1900 800 10 NA 4100 7600

Glenfiddich In‐Pit 1100 57.78 16.01 0.48 0.13 ‐ ‐ 2100 600 20 3200 ‐ ‐Talisker In‐Pit 2100 73.77 15.29 0.75 0.13 ‐ ‐ 5000 1000 50 6100 ‐ ‐

Total 7400 89.75 35.54 0.51 0.13 0.32 0.59 21,500  8,400  130 9,300  29,300  55,100 1. The in‐pit portion is reported at a dollar equivalent cut‐off value of US $15 per tonne within a Whittle shell and $50 per tonnefor an underground portion of the Oban deposit. The Whittle shells were designed based on a slope angle of 55 degrees and 90%recovery for all metals. The block models are 10 x 10 x 10 m, 5 x 10 x 5 m, and 5 x 10 x 5 m for Oban, Glenfiddich, and Talisker, respectively. The Whittle shell for Oban does not include copper. The Whittle shells for Glenfiddich and Talisker do not include lead or zinc.2. Dollar and Silver Equivalents are based on US $20 Silver, $1200 Gold, $3 Copper, $1 lead, and $1 zinc, with metal recoveries of 90%. Copper is not included in the Oban estimates. Lead and zinc are not included in the Glenfiddich and Talisker estimates.

2014 THORN NI‐43‐101

All zones remain open for expansion and upgrade through further drilling

Page 27: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

16m of 173.70 g/t AgEq

49m of 125.15 g/t AgEq

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2014 THORN BLOCK MODELS

95m of 904 g/t AgEq

Page 28: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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Glenfiddich Zone THN13-121

3.5m of 441 g/t AgEq143 g/t Ag, 0.38% Cu, 4.5 g/t Au

within 16m of 174 g/t AgEq

Mineralization: Vuggy-quartz-pyrite-tetrahedrite-enargite brecciaAlteration: silica-pyrophyllite-sericite, minor calcite-ankerite-chlorite

High Sulphidation Quartz-Sulphide Breccia

THORN’s GLENFIDDICH ZONE

Page 29: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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Macro Picture

Positive for Gold & Silver

Page 30: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

GOLD vs US DEBT

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Page 31: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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GOLD SILVER RATIO

Source: http://goldprice.org/gold-silver-ratio.html

Historic average 50:1

Current ratio ~76Strong leverage to the upside for silver

Page 32: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

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S&P/TSX Venture Composite Index

475 (bear market bottom)

(bull market top)

(2007-2017)

Page 33: Corporate Presentation August 2017 - Brixton Metalsbrixtonmetals.com/.../2017/07/Brixton-Presentation... · Corporate Presentation ... • Former Project Geologist for NovaGold Resources,

Contact InformationBRIXTON METALS CORPORATION

(TSX-V: BBB)

1-604-630-9707 email: [email protected] www.brixtonmetals.comSuite 1010 – 409 Granville Street, Vancouver, BC, V6C 1T2 Canada