Benz Mining Corp. provided an update on its lithium exploration activities. Drilling on the Ruby Hill West (RHW) and Mikisiw pegmatite targets concluded in early November 2023 and results have now been received and interpreted. The drill program consisted of 19 holes for 2,940.7m via a single helicopter supported diamond rig. An additional 58.95m of trench channel samples were also completed targeting visible pegmatite outcrops. RHW Pegmatite: Drilling followed up on the previously announced intersection of 26.1m at 1% Li20 from hole RHW22- 006. Hole RHW23-025 targeted the down dip extension of RHW22-006, and intersected 10.7m at 0.67% Li2O, within a greater 21.3m LCT pegmatite. Trenching uncovered 19.5m at
1.13% in RHW23CH-004, which significantly increased the mineralised zone of the pegmatite. The RHW pegmatites form a series of subparallel pegmatite dykes that typically dip 50 to 60 dg to the NW, changing to sub-horizontal near surface. The pegmatite dykes appear to closely follow the contacts of a differentiated mafic-ultramafic sill. Mikisiw Pegmatites (M1 and M2): Drilling intersected a stacked sequence of LCT pegmatites at the M2 target. Similar to RHW, there is evidence of internal zonation. Drillhole RHW-017 hit 11.11 at 0.56% Li20 within a wider 32.62m pegmatite intersection. Several other thick pegmatite dykes were intersected showing encouraging lithium fertility indicators, however, did not intersect mineralised spodumene zones. Attention will now turn to vectoring into the spodumene rich zones within this stacked LCT pegmatite system. Exploration upside: LCT pegmatites on the RHW property are spatially associated with: mafic-ultramafic intrusions following D1 shearing; and Late NE-SW and NW-SE structures. The intersection of these 2 trends are a potential trap for the more prospective LCT pegmatites. With this criteria, there are clear upside exploration targets at the RHW pegmatite. The prospective mafic-ultramafic sill combined with late structures is interpreted to extend for up to 2km either side of the known pegmatite intersections providing an immediate target for strike extension. Within the greater 25km prospective trend, several other areas exhibiting mafic-ultramafic intrusion associated with brittle faulting have been identified and are considered highly prospective. The area is heavily covered in glacial overburden and, in certain areas, thick forests, making outcrops difficult to find. However, the ground gravity survey conducted shows good correlation between low gravity and pegmatite dyke bodies, allowing it to be used as an additional targeting tool. Furthermore, an Orthophoto, Lidar and satellite imagery survey flown in late 2023 will further aid in vectoring into prospective areas. Next Steps: The Eastmain Gold Project remains a focus for the Company with a gold targeting review underway. The review is focusing on both the high-grade structural trends of the Eastmain Mine, and district-scale tier 1 opportunities within the tenement package. The Upper Eastmain belt remains underexplored and in the right geological setting for a new significant gold discovery. LCT pegmatite geochemistry and structural review of the belt is currently being conducted to better understand and predict /vector into where spodumene rich pegmatites occur.