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GOLD SILVER PROJECT

5 Million OZ GOLD EQUIVALENTP

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100% Owned

January 2020TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X

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 oninformation currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statementsthat describe the Company’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 beidentified 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 onassumptions and address future events and conditions, 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 andprospects, could differ 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 indemand and prices for minerals ; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connectionwith the activities of the Company; and other 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 otherfactors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward looking statementthat may be made from time to time by the Company or on its behalf, except if required to do so by applicable securities laws. You are cautioned not to place any undue reliance on any forward-lookingstatement.

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 arefuture-looking and 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 intersectionsor surface showings may be 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 acertainty that mineralization continues 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 ingeneral are that chances of identifying economical reserves are extremely small.

The presentation contains historical exploration data that have not been verified by Benchmark Metals Inc. and may not be accurate or complete, and therefore the information should not be 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 forreviewing and approving 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

LAWYERS


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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

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 CANADAAt Jan 13, 2020

Benchmark’s current price provides attractive buying opportunity when

compared with peers

CATALYSTS FOR GROWTH

• Up to 50,000 metres of drilling

• New resource estimate following drilling

• Fully funded with +$10 million


Why Invest in Gold-Silver & Benchmark ?

THE WORLDS LARGEST HEDGE FUND SEES GOLD RISING 30%

TO US$2000

$0

$2

$4

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$10

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PR

ICE

DiscoverySpeculation

1-2 years

DevelopmentInvestment

Analysis2-3 years

ProductionRevaluation

2-3 years

Confirmed DepositBecomes Tier 2

Company

Reality Sets In

Production Decision

Start UpBecomes Tier 1

Company

BENCHMARK POSITIONED FOR

GROWTH

MARKET CAP

MANAGEMENT

MONEY

MINERALS

MINE LIFE CYCLE

5 M’SFOR PICKING GOLDMINING STOCKS

THE

THE MINE LIFE CYCLE


Current shares outstanding & Market Cap @ $0.46 110.6 M $50.88 M

Working Capital $10.34 M

In the money Warrants 19.3 M $6.12 M

In the money Options 3.7 M $0.85 M

In the money Diluted Working Capital $17.31 M

In the money Diluted Shares & Market Cap @ $0.46 133.5 M $61.41 M

Fully diluted Working Capital $20.76M

Fully Diluted Shares and Market Cap @ $0.46 141.1 M $64.91 M

Resurgence in Junior Mining Investment

SHARE STRUCTURE JAN 8, 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 & DirectorsWorld Class Team

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


The Lawyer’s Project Fast Track To Production

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

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 LateTriassic and Early Jurassic are the driving source for the development of mineralizing porphyry and epithermal systems. On both the east and westsides 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 is likely

reflecting the original volcanic basin geometry, and these structures acted as a conduit for fluids to migrate and precipitate metals.

Alteration - With proximity to mineralized zones, a range of different

alteration assemblages are recognized, from distal to proximal:• Propylitic – epidote, chlorite, albite• Hematite – pervasive alteration and replacement of mafic minerals• Argillic – kaolinite, smectite, illite, sericite• Advanced Argillic – pyrophyllite, dickite, alunite• Phyllic (QSP) – quartz-sericite-pyrite alteration• Silicic – microcrystalline quartz, silica flooding• Potassic – fine-grained potassium feldspar as adularia ± sericite

Mineralization – Mineralization occurs in two discrete styles:

1. Broad zones of multiphase hydrothermal breccias composed of multi-generational chalcedony and quartz-hematite veining. The mineralized veins contain abundant fine to -medium grained sulphides (acanthite, sulfosalts, chalcopyrite, and pyrite) and native gold, silver, and electrum.

2. Phoenix-style mineralization is hosted within discrete quartz veins measuring approximately 1-4 metres wide. The veins contain semi-massive sulphides, including acanthite, sulfosalts, chalcopyrite, pyrite and native silver.

Generalized cross section of the Toodoggone district


90% of the 127 km2 property is underexplored• Six resource expansion zones• Two new discovery zones for 2020 drill testing• Six early stage exploration targets

Previous mining overlooked the bulk-tonnage mineralization• High-grade drill intercepts within wider mineralized envelopes • Open at depth - average drill hole under 100m

6 Resource expansion targets near existing workings at surface defined by:• Drilling• Anomalous rock and soil geochemistry• Zones of potassic alteration• Radiometric geophysics• Airborne magnetics

AGB

Cliff Creek

Dukes Ridge

Phoenix

MarmotE-Grid

Artic

Silver

Pond

Round MountainRESOURCEEXPANSION

ZONE

5 Million oz Gold-Silver Exploration Target

AGB

Cliff Creek

Dukes Ridge

Phoenix

MarmotE-Grid

Artic

Silver Pond

Round Mountain

Phoenix East

Cliff Creek South

Marmot East

Black Lake

Resource Expansion Zones

Inaugural Drilling in 2020

Early Stage Exploration Targets

Silicon Valley

Large Resource Expansion Areas with New Discovery Potential

Gold-Silver Zones Over Radiometric Geophysics


6 Zones for Resource Expansion & Definition

• Following the 2019 drilling program

Benchmark has defined six discrete

mineralized zones that will be the focus

of resource definition and expansion

drilling in 2020

• The 2019 program included 47

diamond drill holes totaling over 10,750

metres

• Intervals of intense alteration,

multiphase veining and mineralization

intersected in 95% of 2019 drill holes

• Of the 6 zones only 3 have seen limited

historic production

• In 2020 up to 50,000 m of expansion

and definition drilling will target all of

these zones

Discovery & Growth

*Drill core-lengths

PHOENIX EAST

PHOENIX

DUKE’S RIDGE

CLIFF CREEK

CLIFF CREEK SOUTH

AGB

RESOURCE EXPANSION AREA DRILLING ON GROUND

MAGNETICS

DRILL COLLAR


Cliff Creek Zone

• 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

• 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

• New zones are being discovered

within 50 metres of historical

underground workings and drilling

Summary

**Drill core-lengths

WSW ENE**

**


Dukes Ridge and Phoenix ZonesSummary

• The Duke's Ridge & Phoenix mineralization

corridor extends for over 350 metres along

strike and 250 metres vertical depth and

remains open in both directions.

• Delineated by surface soil and rock sample

results, potassic alteration, radiometric

geophysics, and drilling.

• Drilling results include both bonanza grade and

bulk-tonnage styles of mineralization including:

• 5.76 g/t Au, 128.65 g/t Ag or 7.35 g/t

AuEq across 33.53 metres core length,

• 132.5 g/t Au, 8,560 g/t Ag , or 239.5 g/t

AuEq over 0.9 metres core length within a

broader interval of 46.9 g/t Au, 3,055.6

g/t Ag, or 85.01 g/t AuEq over 2.87

metres core length

• The Duke's Ridge area was never mined and

represents an area for resource growth that has

mineralization at surface. **Drill core-lengths

**

**

**


Amethyst Gold Breccia Zone Summary

• The AGB zone extends for over 400 metresalong strike and 170 metres vertical depth and remains open in both directions

• Mineralization at surface:• Channel sample yielded 27.03

metres of 5.13 g/t gold and 20.79 g/t silver

• Grab samples returned 16.15 g/t gold and 107.00 g/t silver, 22.20 g/t gold and 80.90 g/t silver

• Select drill highlights:• 5.53 g/t Au, 23.66 g/t Ag, or 5.83

g/t AuEq over 13.7 metres core length

• 5.17 g/t Au, 57.06 g/t Ag, or 5.88 g/t AuEq over 14.0 metres core length

• AGB had limited production but was never fully mined or explored

*The potential quantity and grade stated above constitutes a historical estimate, parts of which have been mined, and is not to be relied upon. A qualified person has not completedsufficient work to classify the historical estimate as current mineral resources or mineral reserves, and therefore Benchmark is not treating the historical estimate as current mineralresources or mineral reserves. **Drill core-lengths

**


Q3 2020 Q4 2020

2020

Q1 2020

Defining 50,000 metredrill program between

six resource zones

Q2 2020

2020 CORPORATE OBJECTIVES

*Quarters are calendar year

Commence 10,000m phase one RC drill

program

Interpretation and resource Estimation

Commence 40,000m phase two RC and

diamond drill program


▪ Mining began as narrow high-grade veins to bulk-tonnage operations

▪ Comparable scope and scale potential

▪ Epithermal precious metal deposits

▪ Same age rocks - Jurassic volcanics are key to precious metals deposits

▪ Low sulphidation with quartz-adularia-kaolinite and propylytic alteration

Lawyers Project similarities - Patagonia Argentina, World-Class Gold-Silver Mines

▪ Open pit and multiple underground mines

▪ 2017 production: 452,000 oz Au

▪ 2017 AISC at $684 oz

▪ 4.9M gold reserves + 1.2M measured & indicated gold

▪ 4,000 tpd plant

▪ 96% Heap leach recovery

Cerro Negro Gold-Silver Mine*

▪ Multiple narrow high-grade veins in open pits and underground

▪ 2017 production: 283,000 oz Au and 6.2M oz Ag

▪ 2017 total cash cost at $522 oz, AISC at $772 oz

▪ +3 million Au oz in reserves and resources after 20 years of operations

▪ 3,000 tpd plant, 2017 production of 3.1 Mt at 7.5 g/t Au

Cerro Vanguardia Gold-Silver Mine**

Comparable World Class Deposits & Geology

*Source: www.goldcorp.com/English/portfolio/operations/cerro-negro/default.aspx**Source: www.aga-reports.com/17/op#2***Source: IM-mining.com****Source: mining.com

Cerro Negro Gold-Silver MineCerro Negro Gold-Silver Mine***

****

http://www.goldcorp.com/English/portfolio/operations/cerro-negro/default.aspx


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

• 127 km2 land package

• Access to existing mining infrastructure

• Mining-friendly, low-risk jurisdiction

• Fully funded, +$10M in working capital

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

• Develop additional exploration targets

• New Resource Estimate following drill results

Value Proposition

MARKET CAP

MANAGEMENT

MONEY

MINERALS

MINE LIFE CYCLE

5 M’SFOR PICKING GOLDMINING STOCKS

THE

19

Jeremy YaseniukCorporate Development

[email protected]

1.604.773.1467

Jim Greig

President

[email protected]

1.604.260.6977

John Williamson

Chairman & CEO

[email protected]

Head Office10545 45 Avenue NW250 Southridge, Suite 300Edmonton, Alberta Canadawww.benchmarkmetals.com

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

Contact

mailto:[email protected]



https://www.benchmarkmetals.com/

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