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20/12/21 - TSX Venture Exchange Bulletins

TSX VENTURE COMPANIES

BENCHMARK METALS INC. ("BNCH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 21, 2020
TSX Venture Tier 2 Company

The TSX Venture Exchange Inc. has accepted for filing a share exchange agreement (the "Agreement") among Benchmark Metals Inc. ("Benchmark"), PPM Phoenix Precious Metals Corp. ("PPM"), nine shareholders of PPM and Guardsmen Resources Inc. dated August 14, 2019 under which Benchmark acquired all of the issued and outstanding shares of PPM. PPM has as its principal asset a 100% interest in the Lawyers Property which is situated 45 km northwest of the former Kemess South open pit copper-gold mine, in the Toodoggone region of the Omineca Mining Division of British Columbia, and consists of 46 contiguous mineral claims.

Under the Agreement all of PPM's issued and outstanding shares were transferred to Benchmark, in exchange for payments of $250,000 in cash, 12,000,000 common shares of Benchmark and 0.5% net smelter returns royalty from any production of the Lawyers Property.

Insider / Pro Group Participation: Nil

For further information, please see the news releases dated August 14, 2020 and September 19, 2020 which are available under Benchmark's profile on SEDAR.


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