Mr. Cole McClay reports

BENJAMIN HILL PROVIDES PROJECT UPDATE ON FULLY PERMITTED COLOMBIAN COAL PROJECT

Benjamin Hill Mining Corp. has provided an update on advancements at Aion Mining Corp.'s fully permitted Colombian coal project.

Aion Mining reports significant progress in civil earth movement contract with completion reaching 88 per cent and facility works. Noteworthy achievements include the movement of approximately 10,170 cubic metres of earth material, the profiling of 1,929 square metres of slope and the conformation of 2,091 square metres of the final platform at an elevation of 409 metres above sea level. These surface works for platform development have started to expose key coal seams on the project.

The improvement of access roads to the powder magazine utilizing equipment has also been completed. Additionally, preparations are under way at the mine mouth portal area to begin drilling a guide hole, portal construction and development of a 170-metre decline to facilitate bulk sampling by crosscutting the coal seams.

Surface rights milestones include the issuance of the land title in public registry for the recently purchased project land (24 hectares) and securing terms for the purchase of the access land (0.7 hectare) to the main road. President Lorne Warner stated: "The progress on site is very exciting to see take shape. With the ongoing surface preparations, we are expecting the company to advance swiftly into the underground development phase to further our understanding of the resources through our bulk sampling program."

In facility development, certification from the military explosives unit has been obtained for the recently constructed powder magazine. Initiatives to enhance the project's water and electricity infrastructure have commenced. Additional progress includes the expansion of core shack, office space, septic systems, constructed with local work force, suppliers and materials.

Aion Mining emphasizes its commitment to environmental compliance of its environmental licence, evidenced by the planting of 70 native trees and community engagement with continuing events and social sharing spaces and the collaboration with local, regional and national entities.

Extension to Aion Mining Corp. letter of intent

The company has entered into an extension agreement in respect of the previously announced non-binding letter of intent with Aion Mining dated Jan. 30, 2024, which outlined the general terms and conditions of a proposed transaction whereby the company would acquire a further interest in Aion to bring the company's total interest in Aion to 40 per cent. The LOI extension agreement extends the exclusivity period between the company and Aion in the letter of intent until April 15, 2024, in order to provide sufficient time for the parties to enter into a definitive agreement, finalize the National Instrument 43-101 report and close concurrent financing.

Benjamin Hill Mining issues correction to press release issued March 4, 2024

The company would like to correct the number of shares issued to settle aggregated debts owing to certain creditors announced March 8, 2024. The company's release incorrectly stated that 1,149,943 shares were issued upon closing. The correct amount of shares that were issued upon closing was 1,159,167.

About Benjamin Hill Mining Corp.

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

In addition, the company holds a 20-per-cent interest in Aion Mining, a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.

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