Sokoman and Benton Receive Explorer of the Year Award for the Killick Kraken Lithium Project from the Canadian Institute of Mining, Metallurgy and Petroleum Newfoundland and Labrador Branch

ST. JOHN'S, NL / ACCESSWIRE / November 2, 2023 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to announce that the Alliance has received the "Explorer of the Year" award at the annual CIM Mineral Resources Review in Newfoundland. The award was presented by the Newfoundland and Labrador branch of the Canadian Institute of Mining, Metallurgy and Petroleum. The award is presented to a prospector, exploration team, or company that has made a recent and significant mineral discovery; or significantly enhanced a prospect or deposit; or identified a previously unrecognized prospective geological environment in Newfoundland and Labrador. The Alliance has received the award due to the ongoing success at its Killick and Kraken Lithium discovery (formerly the Golden Hope Property) which has produced significant surface sampling and drill results up to 1.04% Li₂O over 15.23 m in GH-22-27, 1.08% Li₂O over 9.50 m in GH-22-26, 1.22% Li₂O over 13.37 m in GH-23-45, 0.81% Li₂O over 21.00 m, and 0.99% Li₂O over 10.16 m in GH-23-46. In addition, the Alliance recently executed a CAD$24 million option agreement with Piedmont Lithium Inc. further endorsing the potential of this prospective lithium project. (see news release dated October 11, 2023).

After the presentation of the award, Tim Froude President and CEO of Sokoman stated: "We are deeply honoured to have been chosen to receive this prestigious award for a second time. We truly thank the CIM in Newfoundland and Labrador who have chosen to recognize us for doing the work we love to do! We are extremely excited about the potential of the amazing Killick Lithium Project as we assist Vinland Lithium Inc. in taking it to the next level."

Foto: Accesswire

From Left: Stephen Stares (Benton Resources Inc.), Timothy Froude (Sokoman Minerals Corp.), Amy Copeland (CIM NL Branch)

Piedmont transaction highlights:

• Piedmont is one of North America's leading lithium companies
• Newfoundland is ranked in the top jurisdictions to explore and develop mineral potential
• Sokoman and Benton incorporated Vinland Lithium Inc. ("Vinland") and its wholly-owned subsidiary Killick Lithium Inc. ("Killick"), into which they transferred the Golden Hope Project
• Piedmont has vast technical and geological knowledge in similar geology to that of the Killick pegmatites
• Piedmont financed Vinland CAD$2.0M @ CAD$1.00 per share to hold 19.9%
• Piedmont will have the option to earn up to a 62.5% direct interest in Killick by spending an aggregate CAD$12.0M in exploration and development during the option period
• Upon Piedmont completing all earn-in options, Piedmont will have paid Sokoman and Benton up to a total of CAD$10.0M in Piedmont shares
• Sokoman and Benton to retain a 2% royalty on the net returns of precious metals and the value of lithium received from Killick

Foto: Accesswire

Figure 1: Killick Lithium Project relative to Piedmont's asset portfolio