Mr. Cole McClay reports

BENJAMIN HILL COMPLETES ACQUISITION OF INTEREST IN PERMITTED COAL PROJECT

Further to its previous news release on Nov. 15, 2023, Benjamin Hill Mining Corp. has signed a definitive agreement with Aion Mining Corp. to complete the company's acquisition of a 20-per-cent interest in Aion.

Pursuant to the agreement, the Company will acquire common shares of Aion representing a 20% post-issuance interest, calculated on a fully diluted basis. In consideration, the Company will provide Aion with the following:$500,000 in cash on closing and;1,602,565 common shares of the Company at a deemed price of $0.39 per share, subject to CSE policies.

The Company will also be issued a special warrant of Aion, exercisable into additional common shares of Aion, at no additional consideration to the Company, to allow the Company to maintain its 20% interest in Aion for a period of 6 months.

Aion is a non-arm's length party to the Company by reason of sharing a common director, Cole McClay. The terms of the LOI and the definitive agreement were reviewed and approved by a committee of the Company's independent directors.

Completion of the transaction is subject to any necessary approvals from the CSE. The Company will provide further updates as they become available.

CEO, Cole McClay states: "Benjamin Hill's strategy with this investment is to develop a path to revenue in a strong global energy resource market. This adds significant value to the company, partnered with our recent exploration advances at the Alotta Project in the West-central Yukon."

A Strategic Investment with a Potential Path to Generating Revenue:

• The property contains eight known seams of metallurgical and thermal coal shown from recent and historical diamond drilling programs and surface exposures;
• The project is fully permitted under Colombian Law, including environmental licencing;
• Location and existing regional coal mining infrastructure is excellent. Aion recently completed a drill program that further confirms the existence and location of seams and contained coal quality.
• Aion has a diverse and experienced Colombian management team consisting of mining and civil engineers, geologists, and an experienced social and environmental manager.
• Aion's country manager was formerly a member of the Board of Directors of the Federation of Colombian Coal Producers.
• Aion will proceed with performing underground bulk sampling of the different seams.

About Aion Mining Corp.

Aion Mining controls the FLG-111 concession that covers 548 Ha in a region of historic and current coal mining. Historical exploration within this concession area has determined the property to host several coking and thermal coal seams. Aion holds historical NI 43-101 and Annual CRIRSCO technical reports. The project is road accessible, water, electricity, and phone signal on site. Current coal stockyards approximately 40 kilometres away on main highway to Atlantic ports for export.

About Benjamin Hill Mining Corp.

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

Qualified Person

Lorne Warner, P.Geo, and President of Benjamin Hill Mining Corp. is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

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