Brixton Energy Corporation

CALGARY, May 19 /CNW/ -- 
BRX TSX.V


CALGARY, May 19 /CNW/ - (TSXV: BRX) Brixton Energy Corp. ("Brixton")
 announces it has established negotiations with a US financial group
 (the "Lender") to secure a credit facility of up to US $50 million to
 finance Brixton's future oil and gas projects in Western Canada as well
 as purchase of production. This financing is subject to entering into
 purchase agreements that will service the credit facility and under the
 proposed agreement, the Lender requires Brixton to be responsible for
 financing 10% of the total credit facility amount itself, which can be
 done by either equity financing or convertible debenture. This is an
 arms length transaction and finders fees may be payable in accordance
 with the TSX Venture Exchange rules and regulations.


Richard Saxon, President states: "Brixton's management feels that this
 financial group is a perfect fit for the Company's goals, as it offers
 custom tailored financing from acquisitions to development loans, short
 and long term financing, joint venture financing, hard money loans, and
 third party collateral financing. With this potential financing,
 Brixton would pursue a fast growth strategy in acquiring producing
 western Canadian oil and gas assets."


The Company will issue an update to the public as more progress is made.
 To find out more about Brixton Energy, please contact the Company at
 604-269-0006.


On Behalf of Brixton Energy Corp.


Richard Saxon


_____________________________


Richard Saxon, President


We seek Safe Harbor


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
 THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
 RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


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p align="center" Brixton Energy Corporationbr/ #328, 1500 14th Street SW Calgary, AB T3C 1C9br/ PHONE: [phone] FAX:  [phone] /p 

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