Mr. Jim Greig of Benchmark reports

THESIS AND BENCHMARK MERGER APPROVED BY COURT

The Supreme Court of British Columbia has approved the previously announced plan of arrangement between Benchmark Metals Inc. and Thesis Gold (Holdings) Inc., which was approved by the securityholders of Thesis on Aug. 9, 2023, as described in Thesis's news release dated Aug. 9, 2023, and the joint news release of the company and Thesis dated June 5, 2023, as to the business combination of Benchmark and Thesis pursuant to the arrangement.

Assuming all other remaining conditions to the arrangement are either satisfied or waived, the company expects that the closing date of the arrangement will occur on or about Wednesday, Aug. 23, 2023. Under the terms of the arrangement, Thesis shareholders on the effective date will receive 2.5584 company common shares for every Thesis share held, and then the company will consolidate its shares on a 2.6:1 share basis and change its name to Thesis Gold Inc. For complete details of the plan of arrangement, interested persons are directed to Thesis's information circular filed on SEDAR+ on July 13, 2023, by Thesis under its company profile.

As previously announced, Thesis requested a trading halt of its common shares on the TSX Venture Exchange after the close of trading on Aug. 16, 2023, pending completion of the arrangement. Consequently, Thesis's common shares are not expected to return to trading, assuming the arrangement is completed. The common shares of Thesis will be delisted from the exchange, because Thesis will become a wholly owned subsidiary of the company on the effective date.

About Benchmark Metals Inc.

Benchmark Metals is a Canadian-based gold and silver company advancing its 100-per-cent-owned Lawyer's gold-silver project located in the prolific Golden Horseshoe of Northern British Columbia, Canada. The project consists of three mineralized deposits that remain open for expansion, in addition to over 20 new target areas along the 20-kilometre trend. Benchmark trades on the TSX Venture Exchange in Canada, the OTCQX Best Market in the United States and the Tradegate Exchange in Europe. Benchmark is managed by proven resource sector professionals, who have a record of advancing exploration projects from grassroots scenarios through to production.

About Thesis Gold (Holdings) Inc.

Thesis is a Vancouver-based mineral exploration company focused on proving and developing the resource potential of the 180 square km Ranch gold project located in the prolific Toodoggone mining camp of Northern British Columbia, approximately 300 km north of Smithers, B.C.

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