Mr. Gary Thompson of Brixton reports

BRIXTON METALS OPTIONS ITS ATLIN GOLDFIELDS PROJECT TO ELDORADO GOLD

Brixton Metals Corp. has entered into a definitive option agreement with Eldorado Gold Corp., whereby Eldorado has been granted the option to acquire 100-per-cent ownership of the company's Atlin goldfields project. The project is a road-accessible, 579-square-kilometre mineral claim group located near the town of Atlin, B.C., and is located within the traditional territory of the Taku River Tlingit First Nation. All dollar figures are in Canadian dollars, unless otherwise stated.

Highlights of the option agreement:

• During the five-year option period, Eldorado shall finance $1-million in exploration expenditures per year beginning Sept, 30, 2024, for an aggregate spend of $5.35-million, including an additional minimum commitment to finance $350,000 of exploration expenditures on or before Sept. 30, 2024.
• Eldorado shall make cash payments to Brixton of $250,000 per year for aggregate payments of $1.1-million during the option period, including an additional minimum payment of $100,000 within 10 days of signing the option agreement.
• In addition, at the end of the option period, Eldorado shall have the right to exercise the option to acquire 100-per-cent ownership of the project by making a cash payment to Brixton in the amount of $7-million, where Brixton, at its election, may receive up to 50 per cent of such payment in the form of common shares of Eldorado, subject to the prior attainment of the customary requisite regulatory approvals.
• Eldorado may, in its sole discretion, elect at any time during the option period to accelerate the payments or financing timetables for any of the earn-in requirements of the option.
• Upon exercise of the option by Eldorado, Brixton shall be granted a 1-per-cent net smelter return royalty (NSR), with Eldorado retaining an option to purchase half (0.5 per cent) of Brixton's NSR for $2-million prior to the commencement of commercial production at the project.
• During the option period, Brixton shall be the operator of the project with Eldorado approving all work programs and budgets relating to the project. Eldorado will also work closely and support Brixton with respect to continuing environmental monitoring and community engagement efforts.

Chairman and chief executive officer Gary R. Thompson stated: "We are delighted to have attracted Eldorado Gold, a well-established miner, to the Atlin goldfields project. We look forward to working with Eldorado in advancing this exciting gold project."

About Eldorado Gold Corp.

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkiye, Canada, and Greece.

About Brixton Metals Corp.

Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects.

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