Mr. Cole McClay reports

BENJAMIN HILL ANNOUNCES CLOSING OF OVERSUBSCRIBED $5 MILLION FINANCING

Benjamin Hill Mining Corp. has closed its previously announced private placement financing of an aggregate of 8,352,750 units at a price of 64 cents per unit for aggregate gross proceeds of $5,345,760.

The offering was conducted on a best efforts private placement basis by Eight Capital, as lead agent and sole bookrunner. The offering was structured such that 6,792,500 units for aggregate proceeds of $4,347,200 were sold pursuant to the listed issuer financing prospectus exemption whereby these securities will not subject to any hold period and 1,560,250 units for aggregate proceeds of $998,560 were offered pursuant to the accredited investor prospectus exemption whereby these securities will be subject to a statutory hold period of four months and one day. As the base offering was oversubscribed, the agent exercised an option granted by the company to arrange for the sale of additional units, included in the amounts above.

Each unit consisted of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company for a period of 36 months following the issuance thereof at an exercise price of 80 cents per warrant share.

In accordance with National Instrument 45-106 (Prospectus Exemptions), the LIFE units were made available to purchasers resident in each of the provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities offered under the listed issuer financing exemption are not subject to a hold period in accordance with applicable Canadian securities laws.

The accredited investor units were made available to purchasers resident in each of the provinces of Canada, except Quebec, pursuant to the accredited investor exemption under Section 2.3 of NI 45-106 and resubject to a statutory hold period of four months plus one day from issuance in accordance with applicable Canadian securities laws.

In connection with the offering, the company filed an offering document under the company's profile at SEDAR+ and on the company's website.

Upon closing of the offering, the company paid to the agent a cash commission of 6 per cent of the aggregate proceeds of the offering (including the exercise of the agent's option) and issued non-transferrable warrants of the company exercisable at any time prior to the date that is 24 months from the closing date to acquire a number of units equal to 6 per cent of the number of units issued pursuant to the offering, at an exercise price equal to the offering price (in each case, other than pursuant to certain direct subscriptions).

The company plans to use the proceeds from the LIFE units to further the exploration and development of its Alotta property and for general expenses and working capital. The proceeds of the accredited investor units will be used in whole or part to finance the cash consideration payable under the company's proposed acquisition of additional common shares of Aion Mining Corp. If the Aion common share acquisition is completed as contemplated, the company will increase its aggregate interest in Aion to a total 40-per-cent interest.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

About Benjamin Hill Mining Corp.

Benjamin Hill Mining is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project. 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 in the Yukon of Canada.

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