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June 2020TSX/V : BNCH

OTCQB : CYRTF

WKN : A2JM2XCORPORATE PRESENTATION

2 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X

Disclaimer

Forward Looking Statements:

Certain statements and/or graphics in the Company’s press releases, web site information and corporate displays, among others, constitute “forward-looking statements”. These statements are based on informationcurrently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe theCompany’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by terms such as“believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”, or their conditional or future forms. Since forward-looking statements are based on assumptions and address future events andconditions, by their very nature they involve inherentrisks and uncertainties.

Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, coulddiffer materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets ; changes in demand and prices for minerals ;litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; andother matters discussed in this presentation. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readersshould not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward looking statement that may be made from time to time by the Company or on itsbehalf, except if required to do so by applicable securities laws. You are cautioned notto place any undue reliance on any forward-looking statement.

Forward Looking Statements or Information Related to Exploration:

Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future-lookingand subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface showings maybe marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralizationcontinues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifyingeconomical reserves are extremely small.

The presentation contains historical exploration data thathave not been verified by Benchmark Metals Inc. and may not be accurate or complete, and therefore the information should notbe relied upon.

Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent director of the Company, also serves as a Technical Advisor and is the Qualified Person, as defined by National Instrument 43-101, responsible for reviewing andapproving the technical content of all materials publicly disclosed by Benchmark, including the contents ofthis presentation.


Benchmark Metals Inc. is a mineral exploration company focused on proving and

developing the substantial resource potential of the Lawyer’s Gold and Silver project,

located in the prolific Golden Horseshoe of northern British Columbia, Canada.

Benchmark is a member of the Metals Group of Companies and is led by a dynamic

group of resource sector professionals with a long track record of success in evaluating

and advancing mining projects from exploration through to production, attracting

capital and overcoming adversity to deliver exceptional shareholder value.

About Benchmark Metals Inc.

LAWYERSGOLD & SILVER PROJECT

VANCOUVER


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LAWYERS PROJECT

• 100% owned

• Located in the prolific Golden Horseshoe

• Developing substantial resource potential

• Past producer with ~$50 million in existing infrastructure

• Proven and profitable mining jurisdiction

CATALYSTS FOR GROWTH

• Up to 50,000 metres of drilling in 2020

• New resource estimate following drilling

• Fully funded with +$10 million

GOLD & SILVER

• Near surface epithermal Au-Ag system

• Potential link to deeper porphyry system

• High-grade drill intercepts within a larger bulk tonnage system

• 7.0 m at 108 g/t gold & 911 g/t silver*

• 33.53 m at 5.76 g/t gold & 128.65 g/t silver*

• Additional discovery targets identified along a 20+ km trend

Investment Opportunity

*Assay interval lengths are core length and are estimated to be 80 to 90% of true width

COMPARABLE EXPLORATION COMPANIES IN CANADA

June 04, 2020

Benchmark’s current price provides attractive buying opportunity when

compared with peers


Why Invest in Benchmark

THE WORLDS LARGEST HEDGE FUND SEES GOLD RISING 30% TO US$2000

PR

OJE

CT

VA

LUE

BENCHMARK POSITIONED FOR

GROWTH

MARKET CAP

MANAGEMENT

MONEY

MINERALS

MINE LIFE CYCLE

5 M’SFOR PICKING GOLDMINING STOCKS

THE

THE MINE LIFE CYCLE

Source: Bridgewater’s co-chief investment officer Greg Jensen

TIME

Concept Exploration Discovery Feasibility Development Mining

High RiskHigh Potential

Lowered Risk Full Value

Speculative

Speculators Leave

Orphan Period

Institutional Investment


Rapidly Advancing Towards Production Scenarios

WORLDS LARGEST HEDGE FUND SEES GOLD RISING 30% TO US $2000

2018

2019

2020

2021

2021Acquired the Project

Inaugural Field Program

Drilling provided bulk-tonnage potential and large gold-silver mineralized zones from surface.Eric Sprott becomes major shareholder.

Expansion Drilling

Block modeling of numerous zones.Mineral Inventory Target.Pit shell modeling.50,000 m expansion and definition drill program.Additional new discovery potential.

Resource Estimate

Targeting multi-million oz potentialAdvanced work programs to enable Economic & Engineering Studies.

PEA

Results to substantiate a world-class gold-silver asset.Working towards mine development & production scenarios

Extensive data compilation and small work program to determine future scope and scale of the project.

Source: Bridgewater’s co-chief investment officer Greg Jensen


Current shares outstanding & Market Cap @ $0.365 118.5 M $43.25 M

Working Capital $10.20 M

In the money Warrants 1.4 M $0.42 M

In the money Options 10.4 M $2.90 M

In the money Diluted Working Capital $13.52 M

In the money Diluted Shares & Market Cap @ $0.365 130.3 M $47.55 M

Fully diluted Working Capital $20.42 M

Fully Diluted Shares and Market Cap @ $0.365 150.8 M $55.04 M

Resurgence in Precious Metals sector

SHARE STRUCTURE Jun 08, 2020

Start of a new bull market

Growing demand forprecious metals

Increased capitalinvestments

Positive External Drivers

Landacquisitions

Resourceexpansion

Gold & Silver drill results

New discoveries

Internal Drivers

Corporate Snapshot

SHARE PRICE – TSX.V: BNCH


John Williamson, P.Geol – CEO & Chairman+30 years mining sector, founder of more than 20 successful companies in Canada and around the globe

Jim Greig, MBA – President & Director+20 years mining sector, formerly Keegan Resources Ltd, exploration to production expertise

Sean Mager – CFO & Director+20 years mining sector, former CFO & COO at Brilliant Resources Ltd., regulatory & financial expertise

Jeremy Yaseniuk – Corporate Development+20 years in financial markets, Director at Altiplano Minerals Ltd, marketing & financial expertise

Toby Pierce, MBA – Director+20 years senior executive with public resource companies, former Banker at GMP Securities London

Michael Dufresne, M.SC., P.Geol., P.Geo. – Director & Qualified Person+30 years mining sector, professional geologist at world-class mining projects and jurisdictions

Ewan Webster, Ph.D., P.Geo. – Senior GeologistExploration geologist with a comprehensive field, technical, and academic background

Management & Directors

Collectively over +150 years of mining experience

Management of over 25 public mining companies delivering shareholder value

Raised in excess of $400 million towards exploration, development & production projects globally

Success through discovery, development and production cycles

Management named three times to TSX Venture 50TM


The Lawyer’s Project

**Source: Benchmark NI43-101 Report, SEDAR,

Fast Track To Production

Historic past producer of 171,000 oz gold & 3.7 million oz silver*

Road access with year-round exploration potential

11km from existing & permitted Baker Mill

45km NW of Kemess Gold Copper Mine

Proven & profitable mining jurisdiction

Existing infrastructure estimated @ $50 million


Located in British Columbia’s prolific ‘GOLDEN HORSESHOE’

Lawyers project is located within the northeastern region of the prolific

metal-endowed Stikine terrane. Magmatic events in Stikinia during the

Late Triassic and Early Jurassic are the driving source for the

development of mineralizing porphyry and epithermal systems. On both

the east and west sides of the Bowser Basin the same magmatic and

mineralizing events are recognized, forming an arch of gold and

polymetallic mineralization; known herein as the ‘Golden

Horseshoe’ .


The Geological Model – Low Sulphidation Epithermal System

Stratigraphy

The Lawyers property is predominantly underlain by a shallow northwest-dipping sequence

of volcanic and sedimentary rocks of the Lower Jurassic Toodoggone Formation.

Structure

NW-NNW trending fault and fracture system that acted as conduits for fluids to migrate

and precipitate metals.

Alteration

With proximity to mineralized zones, a range of different alteration assemblages

are recognized:

• Propylitic, Hematite, Argillic, Phyllic (QSP), Silicic, Potassic

Mineralization

Mineralization occurs in two discrete styles:

1. Broad zones of multiphase hydrothermal breccias with mineralized veins that contain

abundant fine to -medium grained sulphides and native gold, silver, and electrum.

2. Discrete quartz veins measuring approximately 1-4 metres wide that contain

semi-massive sulphides, including acanthite, sulfosalts, chalcopyrite, pyrite and

native silver.

Generalized cross section of the Toodoggone district


90% of the 140 km2 property is underexplored

• Five resource expansion zones

• Two new discovery zones for 2020 drill testing

• Six early stage exploration targets for new discoveries

Previous mining overlooked the bulk-tonnage and porphyry potential

• High-grade drill intercepts within wider mineralized envelopes

• Open at depth - average drill hole under 100m

• Copper porphyry targets associated with large zones of clay alteration, soil and radiometric anomalies, and key stratigraphic horizons

Large Resource Expansion Areas with New Discovery Potential

Gold-Silver Zones Over Radiometric Geophysics

5 Million oz Gold-Silver Exploration Target

High Grade Drill Results*

3.00m at 259 g/t gold & 3,320 g/t silver – AGB

3.05m at 52 g/t gold & 846 g/t silver – Dukes

2.40m at 87 g/t gold & 2,407 g/t silver – Cliffs

0.90m at 132.5 g/t gold & 8,560 g/t silver - Phoenix

Bulk-Tonnage Drill Results*

25.00m at 2.79 g/t gold & 177 g/t silver – AGB

33.53m at 5.76 g/t gold & 128.65 g/t silver – Dukes

36.50m at 2.68 g/t gold & 82.57 g/t silver – Cliffs

26.00m at 2.42 g/t gold & 100.26 g/t silver - Phoenix


Cliff Creek Zone - Discovery & Growth

The Cliff Creek Zone extends for over 1.2 km along strike and 250 metres vertical depth and remains open

Broad parallel zones of bulk-tonnage mineralization and high-grade mineralization hosted in the hanging-wall of steeply northwest dipping faults

New zones are being discovered within 50 metres of historical underground workings and drilling

Drilling highlights:

• 2.68 g/t Au, 82.57 g/t Ag or 3.71 g/t AuEq across 36.50 metres core length

• 87.00 g/t Au, 2407.0 g/t Ag or 117.01 g/t AuEq across 2.4 metres core length

*Drill core-lengths

WSW ENE**

NEW PARALLEL ZONE DISCOVERED19CCDD025: 36.3 m @ 3.19 g/t AuEq

Incl. 3.23 m @ 18.24 g/t AuEq

POTENTIAL FOR NEW DISCOVERIES

50M FROM MAIN ZONE & ONLY

JUST DISCOVERED

OPEN AT DEPTH

Historical drilling not fully sampled.

Multiple parallel zones projected along strike.


Cliff Creek Zone Exploration Target

Cliff Creek bulk tonnage Exploration Target ranges from 30.6

million tonnes to 34.7 million tonnes with a range in grades

of 1.71 g/t AuEq to 1.73 g/t AuEq at a lower cutoff of 0.5 g/t

Au, yielding an estimated range of 1,682,000 AuEq

ounces to 1,924,000 AuEq ounces.*

86% of the AuEq ounces are within 300m of surface.

Cliff Creek remains remain open in all directions.

AGB, Duke’s Ridge, Phoenix, and Phoenix East zones have

similar resource potential.

BLOCK MODEL

Pit shell model

*A silver to gold ratio of 80:1 has been used in the calculation of AuEq

**Total ounces may not add due to rounding.

***The tonnes, grade and ounces presented are an Exploration Target, and are conceptual in nature,

there has been insufficient exploration to define a mineral resource and it is uncertain if further

exploration will result in the target being delineated as a mineral resource. The Target has not been

evaluated for reasonable prospects for future economic extraction as metallurgical work and drilling are

planned and ongoing.

1.92 Moz AuEq EXPLORATION TARGET(CLIFF CREEK ZONE LONG SECTION) – 1.2 Km

Exploration Target*** – Range of Tonnes and Grades

A full table of results, modeling details, and parameters can be found on the Benchmark Metals website and in the February 28th press release.

Au Cut-off Tonnes Avg au g/t au oz Avg ag g/t ag oz Avg EQ Au ppm EQ Au oz

0.2 61,969,042 0.866 1,725,597 25.66 51,124,711 1.154 2,299,767

0.5 34,687,453 1.278 1,425,494 39.791 44,375,916 1.725 1,923,869

2 4,349,789 3.678 514,302 128.402 17,956,826 5.12 715,971

0.2 55,046,348 0.859 1,520,935 25.486 45,104,233 1.146 2,027,490

0.5 30,622,770 1.266 1,246,245 39.451 38,841,095 1.709 1,682,460

2 3,655,852 3.794 445,972 130.289 15,313,962 5.258 617,960

https://www.benchmarkmetals.com/news/news-releases/benchmark-targets-1.68-to-1.92-million-oz-gold-equivalent-grading-1.71-to-1.73-aueq-g-t-at-cliff-creek-zone/


Multiple Resource Zones for Expansion & Definition

Following the 2019 drilling program Benchmark

has defined five discrete mineralized zones that

will be the focus of resource definition and

expansion drilling in 2020.

Up to 50,000 m of expansion and definition

drilling will target all of these zones in 2020.

A global resource estimate will comprise Cliff

Creek, Duke’s Ridge, Phoenix and AGB.

Six additional exploration targets across the

140 km2 property could provide additional

ounces.

PHOENIX EAST

PHOENIX

DUKE’S RIDGE

AGB

MINERALIZED DOMAINS USED FOR EXPLORATION TARGET, MINERAL INVENTORY AND MODELLED PIT SHELLS ON GROUND MAGNETICS

Mine Portal


Q4 2020 Q1 2021

2020

Q2 2020 Q3 2020

2020 CORPORATE OBJECTIVES

*Quarters are calendar year

Geological interpretation. Advanced metallurgical,

permitting, and environmental studies.

Commence drill and field exploration programs.

Geotechnical & Engineering studies.

50,000m drill program, metallurgy, infrastructure

improvements.

Interpretation and 43-101 resource estimation.

2021

Q2 2021

Commence PEA.Geology and Engineering

programs to support future feasibility study.


TRACK RECORD AND TEAM

• Experienced team with decades of mining experience

• One of the Metals Group of Companies

OPPORTUNITY

• 100% ownership of Lawyer’s gold and silver project

• Located in an area of proven prolific mineralization

• 140 km2 land package is 90% underexplored

• Access to existing mining infrastructure

• Mining-friendly, low-risk jurisdiction

• Fully funded, +$10M in working capital

• Near term resource estimate

NEAR-TERM OBJECTIVES

• Up to 50,000m drill program focused on expansion and definition

drilling resource

• Drill testing geophysical and geochemical targets for new discoveries

• Expanded metallurgical test program investigating the

mineralization for potential bulk-tonnage mining.

• Geotechnical program to potentially minimize open pit strip ratios

• Develop additional Au-Ag and Cu-Au exploration targets

• New Resource Estimate following drill results

Value Proposition

LONGER-TERM OBJECTIVES

• PEA (Preliminary Economic Assessment)

• FS (Feasibility Study)

• Re-establish future mining

18

Jeremy YaseniukCorporate [email protected]

1.604.773.1467

Jim Greig

[email protected]

1.604.260.6977

John Williamson

Chairman & [email protected]

TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X

Head Office10545 45 Avenue NW250 Southridge, Suite 300Edmonton, AB, Canada, T6H 4M9

Vancouver Office800 W Pender Street, Suite 410, Vancouver, BC, Canada, V6C 2V6

mailto:[email protected]



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