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* denotes a Personal Law Corporation

TUPPER JONSSON & YEADON

BARRISTERS & SOLICITORS

An Association of Lawyers and law corporations

CARL R. JONSSON* LEE S. TUPPER* 1710 - 1177 West hastings street

GLENN R. YEADON* Vancouver, b.c., canada

JEFFREY T. K. FRASER* V6E 2L3

Tel: (604) 683-9262 Local 118

Direct Line: (604) 640-6355

Fax: (604) 681-0139

Email yeadon@securitieslaw.bc.ca

REPLY ATTENTION OF: GLENN R. YEADON

OUR FILE: 46510

November 7, 2025 BY EMAIL

Canada Stockwatch

Vancouver, B.C.

By Email: to news@stockwatch.com

Market News Publishing, Inc.

Vancouver, B.C.

By Email: to news@baystreet.com

Dear Sirs:

RE: BONANZA MINING CORPORATION

We are the solicitors for the above-mentioned company, and are enclosing a copy of its News Release of even date, which we would ask that you disseminate pursuant to the TSX Venture Exchange's requirements, as well as for distribution in the normal fashion. (Please note that we will be handling the SEDAR+ filing of this News Release.)

Yours very truly,

TUPPER JONSSON & YEADON

"Glenn R. Yeadon"

Glenn R. Yeadon

GRY/ss

Enclosure

c: Bonanza Mining Corporation - via email to delucrezia@shaw.ca

Attention: Alfredo De Lucrezia

Chris Graf (by email) to cgraf@spectrummining.com

Drew Burgess (by email) to asburg100@gmail.com

TSX Venture Exchange - via SEDAR+

British Columbia Securities Commission - via SEDAR+

Alberta Securities Commission - via SEDAR+

File: '\\swfile\EmailIn\20251107 102719 Attachment bonanza nov 7 2025 nr.docx'

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Bonanza Mining Corporation

Suite 1710 - 1177 West Hastings Street

Vancouver, B.C.

V6E 2L3

Trading Symbol: TSX-V: BNZ Telephone: 604-619-0225 Email: delucrezia@shaw.ca or asburg100@gmail.com Website: www.bonanzamining.com

Bonanza Mining Corporation Announces Proposed Share Consolidation

November 7, 2025 - Vancouver, British Columbia: Bonanza Mining Corporation ("Bonanza" or the "Company") (TSX-V: BNZ) announces that its Board of Directors (the "Board") has approved the consolidation of its outstanding common shares on the basis of one (1) post-consolidated share for every three (3) pre-consolidated shares (the "Consolidation"). The effective date of the Consolidation will be confirmed at a future time, following the Company's receipt of acceptance from the TSX Venture Exchange for the Consolidation. There will be no change of the Company's name in connection with the Consolidation.

The Board believes that it is in the best interests of the Company to provide the Board with flexibility to elect to reduce the number of outstanding shares by way of the Consolidation. Some of the potential benefits of the Consolidation would include:

Increased Investor Interest. The current share structure of the Company may make it more difficult for the Company to attract additional equity financing that may be required or desirable to maintain the Company or to further develop its business. The Consolidation may have the effect of raising, on a proportionate basis, the price of the Company's shares, which could appeal to certain investors that find shares valued above certain prices to be more attractive from an investment perspective.

Reduced Volatility. The higher anticipated price of the post-consolidation shares may result in less volatility as a result of small changes in the price of the Company's shares. For example, a nominal price movement would result in a less significant change (in percentage terms) in the market capitalization of the Company.

The principle effects of the Consolidation would be that:

the number of shares of the Company issued and outstanding would be reduced from 57,056,202 shares to approximately 19,018,734 shares; and

the exercise or conversion price and/or the number of shares issuable under any of the Company's outstanding convertible securities, stock options and warrants would be proportionately adjusted after giving effect to the Consolidation.

For further information, please contact:

Bonanza Mining Corporation

Suite 1710 - 1177 West Hastings Street

Vancouver, B.C. V6E 2L3

Attention: Alfredo De Lucrezia, President and Director

Tel: 604-619-0225

Email: delucrezia@shaw.ca

or

Drew Burgess, CEO and Director

Tel: 403-383-8254

Email: asburg100@gmail.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.