Mr. Alfredo De Lucrezia reports

BONANZA MINING CORPORATION ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to Bonanza Mining Corp.'s news releases dated Nov. 7, 2025, and Feb. 6, 2026, the company has received acceptance from the TSX Venture Exchange for its one-for-three share consolidation. The consolidation will be effective at the market opening on Tuesday, March 3, 2026. The company's name will be unchanged, and its common shares will continue to trade under the symbol BNZ on the TSX Venture Exchange. Bonanza's new ISIN (international securities identification number) is CA09790B2093, and its new Cusip number is 09790B209.

In accordance with the articles and bylaws of the company, the consolidation was approved by the board of directors of the company as shareholder approval was not required.

The principal effects of the consolidation will be that:

• The number of shares issued and outstanding will be reduced from 67,056,202 shares to approximately 22,352,067 shares;
• The exercise or conversion price and/or the number of shares issuable upon any of Bonanza's outstanding stock options and warrants will be proportionately adjusted after giving effect to the consolidation.