Benz Mining Corp. provided an update on its lithium exploration activities. Assays for the 6 holes drilled in April 2022 at Ruby Hill West as part of Benz's maiden lithium drilling have been received and confirm thick high-grade pegmatite as well as the presence of multiple dykes system in the area.

Ruby Hill West Lithium Drilling Results: The Ruby Hill West Lithium Project is a surface occurrence of spodumene bearing LCT pegmatite within the Ruby Hill West Project, located 50km due west of the Eastmain exploration camp. The occurrence was first sampled in 2016 by Eastmain Resources and then by Quebec government geologists in 2018.Only limited sampling was conducted by both groups. In the summer of 2021, a team of consultants working for Benz sampled the outcrop without sufficiently attempting to scrape the moss and other vegetation covering the underlying rocks.

The samples collected returned best assay values of: 2.59% Li2O, 1970ppm Rb, 1030 ppm Ta, 7530 ppm Cs; 1.9% Li2O, 3160ppm Rb, 3820 ppm Cs, 274ppm Ta. In March 2022, Benz conducted a drilling program at the Ruby Hill West lithium pegmatite prospect and reported a 31.2m interval of visible pegmatite with zones of visible spodumene in the drilling. Drill holes RHW22-001, RHW22-002, RHW22-003 and RHW22-005 were drilled 100m apart from each other and targeted the geology at depth under lithium bearing pegmatite outcrop and sub-crop sampled in 2021.

The limited time spent on the outcrop during the 2021 campaign had not allowed for detailed exploration and the structural directions guiding drilling direction were inferred from historical airborne magnetics data. Those holes were located north west of the outcrop and drilled towards 155°azimuth. Benz's best hole of the 2022 drilling campaign was RHW22-006 which returned 31.1m of pegmatite from near surface.

Assays for this hole returned: 31.1m at 0.9% Li2O, 323ppm Ta2O5, 1093ppm Cs, 1558ppm Rb2O from 2.6m including: 26.4m at 1.01% Li2O, 355ppm Ta2O5, 980ppm Cs, 1601ppm Rb2O from 7.35m; 12.7m at 1.29% Li2O, 423ppm Ta2O5, 600ppm Cs, 1156ppm Rb2O from 21m; and 3.7m at 2.61% Li2O, 579ppm Ta2O5, 441ppm Cs, 1057ppm Rb2O from 30m. Hole RHW22-006, drilled only 4.0m away from hole RHW22-004 was collared directly into weathered pegmatite. Multiple newly identified outcrops surround the collar and it now looks like the hole was not collared optimally to fully test the intrusive pegmatite body.

Benz will have to reassess the geometry of the system as the pegmatite is potentially thicker than what was intercepted in hole RHW22-006.Drill hole RHW22-004 was unfortunately collared in the host basalt 2m from the pegmatite/basalt contact and is believed to have been drilled continuously above the contact for the whole length of the hole. Field observation conducted following extensive vegetation removal from the outcrops shows that there are two main bodies of spodumene bearing pegmatites and secondary dykes of lower size and importance. The current interpretation is that drill holes RWH22-001, 002, 003 and 005 were drilled at angles which could not adequately test the main body of pegmatite now at outcrop.