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Benchmark Metals Inc. Announces Issuance of Share Purchase Warrants to First Nations Under Exploration Cooperation Agreement

22.07.2021  |  Newsfile
Edmonton, July 22, 2021 - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark") further to the Company's press release dated May 4, 2021 in connection with its Exploration Cooperation and Benefits Agreement dated effective March 25, 2021 (the "Cooperation Agreement") with the Tsay Key Dene Nation, Kwadacha Nation and Takla Nation (collectively, the "First Nations"), the Company is pleased to announce that it has received TSX Venture Exchange acceptance for the issuance of three (3) non-transferable share purchase warrants (the "Warrants") to acquire up to 100,000 common shares of the Company at an exercise price of $1.30 per share until July 21, 2024, one such Warrant being issued to the nominees of each of the three First Nations.

John Williamson, CEO, commented, "The Warrants awarded to the partner First Nations are a significant step to advancing the Project with First Nations' ownership and support. The Warrants represent a collaborative process for responsible resource development."

Chief Pierre from Tsay Keh Dene nation stated, "The call warrants to be issued by Benchmark to the Tse Keh Nay First Nations is further proof that Benchmark values its relationship with the Tse Keh Nay First Nations" said Chief Pierre. "It also clearly shows that where a mining project is based on mutual respect between a proponent and First Nations, responsible development and partnership, First Nation participation both adds value to the project and increases certainty for all parties."

The Warrants were issued pursuant to an exemptive relief order issued by the Alberta Securities Commission ("ASC") on behalf of the ASC and the B.C. Securities Commission.

The Warrants and the common shares issuable on exercise of the Warrants are subject to a hold period until November 21, 2021, in accordance with applicable securities laws.

About Benchmark Metals Inc.

Benchmark Metals Inc. is a Canadian based gold and silver company advancing its 100% owned Lawyer's Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Project consists of three mineralized deposits that remain open for expansion, in addition to +20 new target areas along the 20 kilometre trend. The Company trades on the TSX Venture Exchange in Canada, the OTCQX Best Market in the United States, and the Tradegate Exchange in Europe. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ "John Williamson"
John Williamson, Chief Executive Officer

For further information, please contact:
Jim Greig, President
jimg@BNCHmetals.com
Tel: (604) 260-6977

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Not for distribution to United States newswire services or for dissemination in the United States.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Not for distribution to United States newswire services or for dissemination in the United States.

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A2JM2X
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