Ben Benjamin Hill Mining Corp. announced that, further to its previous news releases posted on January 31, 2024 and April 9, 2024, it has entered into a formal agreement with Aion Mining Corp. whereby the Company will acquire a further interest in Aion to bring the Company's total interest to 40%.

Pursuant to the formal agreement, the Company will acquire common shares of Aion in order to bring the total ownership of the Company to 40% of the post-issuance common shares of Aion, calculated on a fully-diluted basis. In consideration, the Company will provide Aion with the previously announced aggregate amount of $1,875,000: $1,000,000 in cash on closing (previously $500,000); and 1,508,621 common shares (previously 2,370,690) of the Company at a deemed price of $0.58 per share, subject to CSE policies. The terms of the formal agreement were reviewed and approved by a committee of the Company's independent directors.

Benjamin Hill has engaged independent auditors WDM Chartered Professional Accountants to perform an audit of Aion Mining Corp. in preparation for subsequent Business Acquisition Report requirements.