TSXgroup

May 15, 2008

Velocity Minerals Ltd. (the "Company") – An application has been granted for the original listing in the Mining category of 42,342,747 common shares of the Company, of which 27,832,833 common shares are issued and outstanding and 14,509,914 common shares are reserved for issuance.

The common shares of the Company will be listed and posted for trading at the opening on Tuesday, May 20, 2008.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Stock Symbol: "VLC" CUSIP: 92258F 10 2
Trading Currency: CDN

Temporary Market Maker Hampton Securities Limited

Other Markets: The common shares of Benem Ventures Inc. ("Benem"), a Capital Pool Company, were listed on TSX Venture Exchange on March 4, 2002. On July 13, 2004, the trading of the common shares of Benem was transferred to the NEX Board of TSX Venture Exchange (“NEX”) and such shares were halted on August 16, 2006 and have remained halted since that time. On May 8, 2008, Benem completed the acquisition of Velocity Exploration Ltd. (“Velocity”), and changed its name to Velocity Minerals Ltd. (the “Transaction”). The common shares of Benem will be delisted from NEX on May 20, 2008, upon commencement of the trading of the common shares of the Company on TSX.

Additional information on the common shares of the Company and the Transaction may be found in Benem’s Notice of Meeting and Information Circular dated January 31, 2008, which is available at www.SEDAR.com.

Head Office Address: Suite 2410
650 West Georgia Street
Vancouver, BC
V6B 4N7

Website: www.velocityminerals.com

Email: corporate@velocityminerals.com

Head Office Telephone Number: (604) 689-7411

Fax Number: (604) 689-7412

Investors Relations: Kenneth Holmes
Tel: (604) 689-7411
Email: info@velocityminerals.com

Chief Financial Officer & Corporate Secretary: Donald Getty

Incorporation: The Company was incorporated on September 22, 2000 under the Alberta Business Corporations Act under the name “Benem Ventures Inc. and was continued into British Columbia on December 2, 2004. Pursuant to a Notice of Alteration dated May 2, 2008, the name of the Company was changed to “Velocity Minerals Ltd.”.
Fiscal Year End: June 30

Nature of Business: The Company is a mineral exploration and development company focused on exploring and developing mining projects in British Columbia. The principal properties of the Company are the Mt. Haskin Property and the Cassiar Moly Property.

Transfer Agent & Registrar: Pacific Corporate Services Ltd. at its principal offices in Vancouver and Toronto.

Dividends: The Company has not paid any dividends or made any distributions since incorporation. The Company does not anticipate paying dividends in the foreseeable future.

Private Placements: On May 2, 2008 Velocity completed a private placement of 9,399,500 units (the “Units”) at a price of $0.50 per Unit, each Unit consisting of a common share and a common share purchase warrant (a “Warrant”) and upon listing the Company will complete a private placement of 2,083,333 units (the “FT Units”) at a price of $0.60 per FT Unit, each FT Unit consisting of a flow-through common share and a common share purchase warrant (a “FT Warrant”), for aggregate gross proceeds of $5,949,750. Each Warrant is exercisable at a price of $0.75 per share for the first year and $1.00 per share for the second year. Each FT Warrant is exercisable at a price of $1.00 per share for the first year and $1.50 per share for the second year. 1,399,500 Units were sold on a brokered basis by a syndicate of agents led by Canaccord Capital Corporation.