VANCOUVER, BC, July 29, 2011 �Brixton Metals Corporation (TSX-V: BBB) (the �Company� or �Brixton�) is pleased to announce that a final short form prospectus has been filed with and receipted by the regulatory authorities in each of the provinces of Canada, other than Manitoba and Qu�bec, in connection with an offering of units (�Units�) and flow-through units (�Flow-Through Units�) of the Company (the �Offering�). Under the terms of the Offering, the Company is offering for sale a minimum 10,500,000 Units and a maximum of 20,000,000 Units, as well as 5,263,157 Flow-Through Units.  Global Maxfin Capital Inc. is acting as exclusive agent for the Offering pursuant to an agency agreement dated July 28, 2011.

Each Unit will be comprised of one common share (a �Common Share�) of the Company and one common share purchase warrant (an �Offered Warrant�) and each Flow-Through Unit will be comprised of one common share to be issued on a �flow-through� (a �Flow-Through Share�) basis and one-half of one Offered Warrant also to be issued on a �flow-through� basis. Each Unit is being offered at ? price of $0.15 and each Flow-Through Unit is being offered at a price of $0.19.  Each whole Warrant will be exercisable to acquire one common share of the Company for a period of 24 months from the closing date of the Offering at an exercise price of $0.25.

The TSX Venture Exchange (the �TSX-V�) has conditionally approved the listing of the Common Shares, the Flow-Through Shares, the Offered Warrants and the common shares underlying the Offered Warrants, subject to the Company fulfilling all of the listing requirements of the TSX-V.  Closing of the Offering is scheduled for August 4, 2011, subject to customary closing conditions and the fulfillment of the TSX-V listing conditions.
 
This Offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered.  Copies of the prospectus may be obtained from Global Maxfin Capital Inc. c/o Carlos Vargas, Syndication, Global Maxfin Capital Inc., 181 University Ave., Suite 401, Toronto, ON, M5H 3M7, carlosv@globalfinancial.ca, telephone (647) 776-7235 or fax (416) 640-2993.
 
Brixton also announces that it has re-filed its interim financial statements (�Financial Statements�) and management discussion and analysis (�MD&A�) on July 28, 2011 for the period ending March 31, 2011 to include the following changes which were not originally included in the interim financial statements for the same period: amendments to the MD&A to include disclosure regarding previous financings and a discussion of quarterly results; and to the Financial Statements with respect to a non-cash future income tax adjustment. Other than as noted above, there were been no material changes made to the previously filed interim financial statements of the Company.


About Brixton Metals Corporation
Brixton is a Vancouver based mineral exploration company engaged in the acquisition and exploration of precious metals assets. Brixton's management is focused on advancing large-scale deposits to feasibility. Brixton's portfolio is comprised of two properties: Thorn (BC), and Kahilt (Alaska). The Kahilt District is the name Brixton has given to its lands within the Kahiltna Terrane, a 650 km long section of Alaska that was infused with copper and gold mineralization. The Kahiltna Terrane hosts the giant Pebble gold-copper deposit of Anglo-American and Northern Dynasty, the Whistler gold-copper deposit being developed by Kiska Metals, and Millrock Resources' Estelle gold property being explored in joint venture with Teck American Incorporated. Brixton Metals trades on the TSX Venture Exchange under ticker symbol BBB.
 
On behalf of the Board of Directors
 
�Gary R. Thompson�
 
For more information about Brixton please visit our website at www.brixtonmetals.com. To receive Company news via email contact IR@brixtonmetals.com and mention �Brixton news� in the subject line.
 
FOR FURTHER INFORMATION PLEASE CONTACT:
 
Brixton Metals Corporation                                            
Peter Oates                                                                               
Investor Relations Manager                                          
(604) 630-9707                                                                                          
peter.oates@brixtonmetals.com           

This news alert does not constitute a solicitation to buy or sell securities. Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

NEITHER 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.