Mr. Cole McClay reports

BENJAMIN HILL PROVIDES PROJECT UPDATE ON INTEREST IN FULLY PERMITTED COAL PROJECT

Benjamin Hill Mining Corp. has provided an early project update on its newly acquired 20-per-cent interest in Aion Mining Corp.

The property, known as FLG-111 concession, has eight known seams of metallurgical and thermal coal determined by historical and recent drilling programs. These discoveries have been thoroughly studied and documented with an initial National Instrument 43-101 (SRK Consulting U.K. report dated February, 2012, by Paul Bright, principal geologist) and recent CRIRSCO report, dated December, 2023 (Committee for Mineral Reserves International Reporting Standards). An updated NI 43-101 report is pending. Chief executive officer Cole McClay states: "Our strategic investment in Aion Mining Corp. presents a great opportunity to enter the coal industry with a project that is primed to advance quickly with all required permits, exciting exploration discoveries, and a highly skilled multinational technical and operations team."

Infrastructure is developing quickly

• Acquired 24 hectares of land to provide surface access rights (pending transfer of title);
• Commenced mobilization of large equipment for advanced site preparation and surface works;
• Long-term lease in place for housing of work crews in adjacent permanent structures;
• Powder magazine construction is complete and explosives quota has been filed.

Permitting in place

Aion has been issued a permit under Colombian law to extract up to 180,000 tonnes of coal per year, with plans to increase the permit quota in subsequent years. Additionally, Aion has been issued all required environmental, water and explosive permits to start underground development of the project. All permits were granted after 10 years of consultation with the Colombian mining authorities and the local community.

Exploration advances

Completed detailed topography studies, followed by drill programs conducted in 2008 and 2023 confirming the existence of continuous metallurgical and thermal coal seams. Assay results confirm the gross calorific values of between 12,100 to 13,600 British thermal units per pound that exceed the national average, as referenced from Argus/IHS McCloskey API 10 coal assessment for Colombia.

Dynamic management and technical team

A blended Aion technical and management team is in place with Canadian and Colombian mining specialists to integrate Canadian mining standards in Colombia.

• Aion has partnered with Geominas SAS to provide engineering and operational support. Geominas is a mining operations and engineering firm, with over 50 years of experience, based out of Medellin, Colombia.
• Donald Fugere has been contracted as site operations manager. Mr. Fugere is a Canadian national based in of Colombia, who has extensive experience operating underground mining operations.

About Benjamin Hill Mining Corp.

Benjamin Hill Mining is a Canadian-listed junior exploration company focused on exploring and developing the Alotta project in the Canadian Yukon and holds a 20-per-cent interest in Aion Mining that is developing La Estrella, a permitted coal project located in Santander, Colombia.

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