Benchmark Metals Inc. V.BNCH

Benchmark Advances Its Gold-Silver Project

[Betteryear2]

Edmonton, Alberta--(Newsfile Corp. - February 10, 2023) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark") is pleased to provide an update for its Environmental Baseline Programs and progress towards adding high-grade underground gold-silver mineralization for inclusion to future Engineering and Economic Studies. Work programs have advanced in-field engineering work at a level that is suitable towards a Feasibility Study. Baseline Environmental Programs are near suitability and completion level for an Environmental Assessment (EA) submission. Benchmark's flagship, 100% owned Lawyers Gold-Silver Project (the "Project") is located within a road accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.

Progress Highlights

• Initiated a series of optimization studies on multiple Project opportunities, including the incorporation of underground mining, that could significantly improve results from the Preliminary Economic Assessment ("PEA" - September 9, 2022);
• Continued the Environmental Baseline Programs which are on-track to complete the important 2-year milestone in 2023;
• Generated additional targets for resource expansion and exploration opportunities through a machine learning artificial intelligence model as well as a new geochemical lithology and alteration model for property and deposit scale, which complements the previously developed grade, structural and mineralization models;
• Initiated planning for the 2023 drilling campaign including opportunities from optimization studies (underground resource definition and expansion) in addition to machine learning & geochemical target generation, and;
• Progressed annual reporting to meet the Mines Act Permit obligations.

Benchmark Advances Its Gold-Silver Project with Enhanced Environmental and Engineering Programs (newsfilecorp.com)