Mr. Cole McClay reports

BENJAMIN HILL CLOSES ACQUISITION OF FURTHER INTEREST IN FULLY PERMITTED COAL PROJECT

Further to Benjamin Hill Mining Corp.'s previous news releases posted on Jan. 31, 2024, and April 9, 2024, it has entered into a formal agreement with Aion Mining Corp. whereby the company will acquire a further interest in Aion to bring the company's total interest to 40 per cent.

Pursuant to the formal agreement, the company will acquire common shares of Aion in order to bring the total ownership of the company to 40 per cent of the postissuance common shares of Aion, calculated on a fully diluted basis. In consideration, the company will provide Aion with the previously announced aggregate amount of $1,875,000:

• $1-million in cash on closing (previously $500,000);
• 1,508,621 common shares (previously 2,370,690) of the company at a deemed price of 58 cents per share, subject to Canadian Securities Exchange policies.

Chief executive officer Cole McClay states: "Furthering the company's interest in Aion Mining Corp. is a great step forward developing the La Estrella coal project. With this investment, the project will secure its underground exploration initiatives to better understand the known coal seam occurrences which remain open along strike in both directions and to depth."

The company was also granted a right of first refusal for two years, allowing it to purchase common shares in Aion to offset any further issuances by Aion of securities, to allow the company the opportunity to maintain its 40-per-cent interest.

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

Benjamin Hill has engaged independent auditors WDM Chartered Professional Accountants to perform an audit of Aion Mining in preparation for subsequent business acquisition report requirements.

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 southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.

In addition, the company now holds a 40-per-cent interest in Aion Mining Corp., 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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