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TAU.V ·

Unit 300, 250 Southridge NW

Corporate Updates

Benchmark Metals Inc.

Unit 300, 250 Southridge NW

Edmonton, AB CANADA T6H 4M9

b e n c h m a r k m e t a l s . c o m

NOT FOR DISSEMINATION IN THE US OR

THROUGH US NEWS WIRE SERVICES

BENCHMARK ANNOUNCES $1.0 MILLION

NON-BROKERED FLOW-THROUGH SHARE OFFERING

Edmonton – September 26, 2018 – Benchmark Metals Inc. (formerly, Crystal Exploration Inc., the

“Company” or “Benchmark”) (TSX-V: BNCH) (OTCQB: CYRTD) (GER: A2JM2X) (FKT: A7CA) –

Benchmark is pleased to announce that it intends to complete a private placement of up to 4.0 million flow-

through shares at an offering price of $0.25 per share to raise gross proceeds of up to $1.0 million (the

“Offering”). The proceeds will be used to incur qualifying Canadian exploration expenses (the “Qualifying

Expenses”) on the Lawy ers Property, British Columbia, and the Company will renounce the Qualifying

Expenses to the subscribers, and each subscriber will be entitled to their pro rata share of the flow-through

expenses renounced, a 15% federal tax credit and, if a BC resident, a 20% BC mining expenditures tax credit,

less any government assistance.

The Company may pay finder’s fees to arm’s length finders equal to 6% of the proceeds raised and non -

transferable share purchase warrants to acquire up to 6% of the flow-through shares sold at an exercise price of

$0.25 per share for a period of up to two years from the date of closing of the Offering.

About Benchmark Metals Inc.

Benchmark is a Canadian mineral exploration company with its common shares listed for trading on the

TSX Venture Exchange in Canada, the OTCQB Venture Market in the United States and the German

Stock Exchanges 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

[email protected]

Tel: (780) 437-6624

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

CERTAIN STATEMENTS MADE AND INFORMATION CONTAINED HEREIN MAY CONSTITUTE “FORWARD -

LOOKING INFORMATION” AND “FORWARD -LOOKING STATEMENTS” WITHIN THE MEANING OF APPLICABLE

CANADIAN AND UNITED STATES SECURI TIES LEGISLATION. THESE STATEMENTS AND INFORMATION ARE

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benchmarkmetals.com

b e n c h m a r k m e t a l s . c o m

BASED ON FACTS CURRENTLY AVAILABLE TO THE COMPANY AND THERE IS NO ASSURANCE THAT ACTUAL

RESULTS WILL MEET MANAGEMENT’S EXPECTATIONS. FORWARD -LOOKING STATEMENTS AND

INFORMATION MAY BE IDENTIFIED BY SUCH TERMS AS “ANTICIPATES”, “BELIEVES”, “TARGETS”,

“ESTIMATES”, “PLANS”, “EXPECTS”, “MAY”, “WILL”, “COULD” OR “WOULD”.

FORWARD-LOOKING STATEMENTS AND INFORMATION CONTAINED HEREIN ARE BASED ON CERTAIN

FACTORS AND ASSUMPTIONS REGARDING, AMONG OTHER THINGS, TH E ESTIMATION OF MINERAL

RESOURCES AND RESERVES, THE REALIZATION OF RESOURCE AND RESERVE ESTIMATES, METAL PRICES,

TAXATION, THE ESTIMATION, TIMING AND AMOUNT OF FUTURE EXPLORATION AND DEVELOPMENT,

CAPITAL AND OPERATING COSTS, THE AVAILABILITY OF FINANCING, THE RECEIPT OF REGULATORY

APPROVALS, ENVIRONMENTAL RISKS, TITLE DISPUTES AND OTHER MATTERS. WHILE THE COMPANY

CONSIDERS ITS ASSUMPTIONS TO BE REASONABLE AS OF THE DATE HEREOF, FORWARD -LOOKING

STATEMENTS AND INFORMATION ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND READERS SHOULD

NOT PLACE UNDUE IMPORTANCE ON SUCH STATEMENTS AS ACTUAL EVENTS AND RESULTS MAY DIFFER

MATERIALLY FROM THOSE DESCRIBED HEREIN. THE COMPANY DOES NOT UNDERTAKE TO UPDATE ANY

FORWARD-LOOKING STATEMENTS OR INFORMATION EXCEPT AS MAY BE REQ UIRED BY APPLICABLE

SECURITIES LAWS.