Brixton Energy Corp PMBJF

Market manipulation!!!!!!

[Whereyato]

Furthermore, the Company has decided to not proceed with the convertible debenture announced on September 30, 2011.

After careful consideration, Brixton’s management has concluded, that the focus of the Company should be on the current core assets, Peace River Arch area, AB and Red Earth area, AB.

The Company has invested a considerable amount of money, time and effort on its two test wells that it has drilled in 2008 in the PRA, and to date has identified six separate zones to be drilled and put into production. Currently, Brixton also holds mineral rights from surface to basement in two sections of land in the Red Earth, Panny area with the primary zone of interest being the Keg River formation.
CALGARY, December 2, 2011 (TSXV: BRX) Brixton Energy Corp. ("Brixton") announces the following corporate update on its outstanding purchases, projects and financings.

After careful due diligence management feels that the abandonment and reclamation liabilities on purchasing two producing properties in Alberta announced on May 30, 2011 are too high for a timely return on investment..

With regards to 20 million line of credit negotiations announced on October 13, 2011, due to the Company not proceeding with the purchase of production and the structure of the proposed financing, Brixton will not proceed with this transaction.