Exploration Drilling At The Marmot Zone

EDMONTON - Benchmark Metals Inc. reported on exploration drilling at the Marmot Zone, including 30.00 meters (m) core length of 1.93 grams per tonne (g/t) gold and 70.33 g/t silver or 2.81 g/t gold equivalent (AuEq) in drill hole 21MLDD004. The mineralizing system remains open in all directions and continues to display similarities to the resource deposit areas on the property, with both bulk tonnage and high-grade mineralization intercepted in multiple drill holes. The drill results align with significant surface mineralization that delineates a mineralized footprint that extends approximately 400 meters in strike-length and remains open, with current drilling focusing on identifying structural controls of the system together with defining at-surface material. The Marmot discoveries are situated ~3 kilometers southeast of Benchmark's multi-million ounce gold-silver deposits on its flagship Lawyers Gold-Silver Project, located within a road accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.

John Williamson, CEO, said, "The Marmot Zone continues to return significant gold and silver intercepts at-surface and at depth with a style of mineralization and alteration that is very comparable to our Cliff Creek deposit. These new results help demonstrate the continuity of this mineralizing system as it continues to grow in scope and scale, with the potential to add significant gold-silver ounces that would be peripheral to our current resource zones."

Additional new results from surface include: 1) 11.00 m (core length) of 2.94 g/t gold and 4.36 g/t silver or 2.99 g/t AuEq in drill hole 21MLD006. 2) 7.50 m (core length) of 2.01 g/t gold and 168.25 g/t silver or 4.11 g/t AuEq including 1.00 m of 7.29 g/t gold and 557.00 g/t silver or 14.25 g/t AuEq in drill hole 21MLDD002. 3) 5.85 m (core length) of 1.57 g/t gold and 77.61 g/t silver or 2.54 g/t AuEq in drill hole 21MLDD003. 4) 30.00 m (core length) of 0.9 g/t gold and 15.52 g/t silver or 1.09 g/t AuEq in drill hole 21MLDD004.

Drilling at the Marmot Zone continues to delineate the orientation of mineralization first encountered in last years discovery drill hole 20MLDD005 that returned 101.00 m (core length) of 0.82 g/t AuEq (including 18.00 m of 2.5 g/t Au). Of the planned 12,500 meters of drilling, ~5000 meters has been completed to date at the Marmot Zone, which has successfully intersected significant intervals of alteration and mineralization that remains to be further tested along-strike, at-depth, and to-surface. As the Marmot Zone continues to evolve initial drill results suggest there is potential to define multiple zones over multiple structures that have delivered significant intervals of gold-silver mineralization to date.