Gold-Silver Deposit Expansion Program

EDMONTON - Benchmark Metals Inc. reported detailed drill plan for the deposits where the objective is 1) classification drilling to convert inferred ounces to indicated, and 2) significant expansion drilling where the deposits remain open. This approach to the drill campaign will convert inferred resources to indicated and provide significant opportunity to grow all three of the deposits for a future expanded and updated resource for inclusion in a feasibility study. Benchmark's flagship Lawyers Gold-Silver Project is road accessible and located within the Golden Horseshoe area of north-central British Columbia, Canada.

John Williamson, CEO, said, "The geological modeling has outlined areas in the deposits for significant expansion. Benchmark has near 3 million gold-silver ounces (2.1 Moz Indicated + 0.8 Moz Inferred) that will increase with targeted drilling within open-pitable areas that are near surface. The Project has world-class potential with growing resource areas and new zones that could provide large new discoveries across the 144km2 land package."

A very successful late 2020 step-out and expansion drill campaign at the southern extent of the AGB zone defined an area from surface to depth where all of the drilling has 60+gram AuEq times meter (g/t AuEq*m) product, and extends over a strike extent of 150 meters. A significant portion of the 13,700 meters of planned exploration drilling at AGB is targeting the expansion of this zone at depth and along strike to the southwest, potentially adding significant gold and silver ounces.

Outside of the modeled pit shell at Cliff Creek South (CCS), 2020 results include 38.05 m of 5.80 g/t AuEq and 140 vertical meters below 20CCDD076 returned 21.98 m of 4.33 g/t AuEq. These results demonstrate the significant potential to extend CCS both at depth and along strike to the southeast. A similar scenario also exists at Cliff Creek North (CCN) where the pit is constrained by drilling and open for expansion accordingly, but with high-grade mineralization along strike at depth, it highlights the potential to continue expanding CCN. Approximately 24,000 meters of expansion drilling is planned at Cliff Creek.

The Dukes Ridge deposit is only constrained by drilling, which at its deepest is less than 200 vertical meters below surface. Significant high-grade intercepts in numerous locations towards the base of the modeled pit reveal the significant potential to grow and expand the current resource at depth. 9000+ meters have been planned to test this potential. Additional potential for growth could also be realized in the connector zone between Dukes Ridge and Cliff Creek as we continue to drill off this mineralized corridor.

Benchmark has recently completed a classification block model to assist in the drill hole planning. The model indicates the current classification of the block, inferred/indicated/measured. It will then determine how many drill-holes are required to upgrade a block from one category to the next. This approach allows Benchmark to design the classification drill program very effectively within the modeled pit shells, upgrading any inferred resource to indicated. Between the three deposits a total of 37,000 meters of classification drilling is planned.