Mr. Cole McClay reports

BENJAMIN HILL RESPONDS TO OTC MARKETS REQUEST REGARDING RECENT UNSANCTIONED THIRD-PARTY PROMOTIONAL ACTIVITY

On Dec. 4, 2023, Benjamin Hill Mining Corp. was made aware of unsanctioned promotional materials that have been posted publicly by at least two third party websites.

The company became aware of the promotional materials, posted on PennyPicks.net and BeatPennyStocks.com, on Dec. 4, 2023, after it received communication from the OTC Markets. At this time, the company does not believe that the promotional materials have had any effect, either positive or negative, on the trading activity of the company. The promotional materials, as identified by the OTC, originate from multiple third party websites that appear to promote various stocks using readily available public information from news releases previously posted by the company and adding its own promotional commentary. Both examples of the promotional materials provided to the company by the OTC appear to be in the same format and contain the same language but are from different websites.

Neither the company nor any of its directors or officers were involved, directly or indirectly, with the creation, distribution or payment of the promotional materials, including but not limited to through any third party service provider, including investor relations, marketing and/or consulting service providers.

The statements about the company contained in the promotional materials contain information derived from prior news releases posted by the company and therefore contain information already made public by the company.

Of the promotional statements contained in the promotional materials that were not derived from the company's prior news releases or other continuous disclosure materials, portions of the information speak to historical fact. For example, the company's listed shares have recently traded at a 52-week high the trading price has increased over the last few months, and third party sites such as Barchart.com have listed the company's shares as a strong buy. These statements are not materially false and, based on the date of the promotional materials, not considered by the company to be misleading.

However, other promotional statements in the promotional materials are either less verifiable or impossible to verify, as they contain imprecise timelines or are based on the author's personal views or with respect to future-oriented results (for example, with respect to future trading results of the company's shares or with respect to the company's future operational results). The company can provide no assurance nor guarantee as to any such promotional statements.

After inquiry with management, the directors and control persons of the company, none of the officers, directors or control persons, nor any of the company's third party services providers have, directly or indirectly, been involved in any way (including payment of a third party) with the creation, distribution or payment of the promotional materials, including but not limited to the promotional materials, related to the company and its common shares.

After inquiry with management, the directors, control persons and any third party services providers, no officers, directors, any controlling shareholders nor any of the company's third party service providers have sold or purchase the company's securities within the past 90 days.

Pacificquest Communications Corp. provided investor relations services to the company from April 1, 2022, until July 20, 2023.

On Jan. 5, 2022, the company issued 4,012,024 units at a price per unit of 35 cents, each unit consisting of one common share of the company and one-half of one transferrable common share purchase warrant, wherein each warrant was exercisable for a period of 24 months from the date of issuance at a price of 50 cents per common share in exchange for the satisfaction of $1,404,209 in loans payable. On Jan. 31, 2022, the company completed a private placement of 6,034,989 units at a price per unit of 35 cents for a gross proceeds of $2,112,246.15, each unit consisting of one common share and one-half of one transferrable warrant, wherein each warrant was exercisable for a period of 24 months from the date of issuance at a price of 50 cents per common share. On July 14, 2023, the company completed a private placement of 3,349,999 units at a price per 2023 unit of 12 cents for a gross proceeds of $401,999.88, each 2023 unit consisting of a common share and one transferrable warrant, wherein each warrant was exercisable for a period of 24 months from the date of issuance at a price of 20 cents per common share. In each case the common shares were issued at a discount to market pursuant to the policies of the Canadian Securities Exchange and all securities issued were subject to the required statutory hold periods. The warrants issued were at a premium to the market price at the time of the grant and therefore were not discounted.

About Benjamin Hill Mining Corp.

Benjamin Hill Mining is a Canadian-listed junior gold exploration company focused on exploring and developing the Alotta project in Yukon. The Alotta project is a porphyry copper-gold-molybdenum prospect, located 50 kilometres south of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt.

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