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FRG.CN ·

Benjamin Hill Completes Debt Settlement Transaction

Share Capital & Compensation

FOR IMMEDIATE RELEASE CSE: BNN

JANUARY 5, 2022

BENJAMIN HILL COMPLETES DEBT SETTLEMENT TRANSACTION

Vancouver, British Columbia (January 5, 2022) - Benjamin Hill Mining Corp. (CSE: BNN) (OTCBB:

BNNHF) (“BHM” or the “Company”) is pleased to announce that further to its prior news releases, the

Company has completed its securities for debt settlement transactions settling $1,404,209 of debt by the

issuance of 4,012,024 units (each, a “Unit”) where each unit has a deemed price of $0.35 and comprises

of one common share and one -half of one (1/2) common share purchase warrant, where each whole

warrant may be exercised to purchase an additional common share at a price of $0.50 for a period of 2

years.

About Benjamin Hill Mining Corp.

Benjamin Hill Mining Corp. is a Canadian -listed junior gold exploration company focused on exploring

and developing projects in Mexico. The Company’s Sonora Gold project covers 6,000 ha of highly

prospective mineral concessions in the Caborca gold belt of Sonora, Mexico. The company has been

granted full access to the concessions by a single land owner. The property is in close proximity to

Magna Gold Corp’s San Francisco mine.

On behalf of the Board of Directors

“Cole McClay”, CEO, Benjamin Hill Mining Corp.

[email protected]

Forward Looking Statements

Certain of the statements made and information contained herein may contain forward - looking information

within the meaning of applicable Canadian securities laws. Forward -looking information includes, but is not

limited to, information concerning the Comp any's intentions with respect to the development of its mineral

properties. Forward -looking information is based on the views, opinions, intentions and estimates of

management at the date the information is made, and is based on a number of assumptions and subject to a

variety of risks and uncertainties and other factors that could cause actual events or results to differ materially

from those anticipated or projected in the forward -looking information (including the actions of other parties

who have agreed to do certain things and the approval of certain regulatory bodies). Many of these

assumptions are based on factors and events that are not within the control of the Company and there is no

assurance they will prove to be correct. There can be no assurance that forward-looking information will prove

to be accurate, as actual results and future events could differ materially from those anticipated in such

information. The Company undertakes no obligation to update forward-looking information if circumstances or

management's estimates or opinions should change except as required by applicable securities laws, or to

comment on analyses, expectations or statements made by third parties in respect of the Company, its financial

or operating results or its securit ies. The reader is cautioned not to place undue reliance on forward -looking

information. We seek safe harbour.