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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

February 26, 2026 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

Dan Martino (by email) to dmartino@dbmcpa.ca

TSX Venture Exchange - via SEDAR+

British Columbia Securities Commission - via SEDAR+

Alberta Securities Commission - via SEDAR+

File: '\\swfile\EmailIn\20260226 100819 Attachment bonanza feb 26 2026 nr.docx'

-2-

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 Effective Date of Share Consolidation

February 26, 2026 - Vancouver, British Columbia: Bonanza Mining Corporation ("Bonanza" or the "Company") (TSX-V: BNZ) announces that further to its news releases dated November 7, 2025 and February 6, 2026 it has received acceptance from the TSX Venture Exchange for its one-for-3 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 Number is CA09790B2093, and its new CUSIP Number is 09790B209.

In accordance with the Articles and By-Laws of the Company, the consolidation was approved by the Board of Directors of the Company, as shareholder approval was not required.

The principle 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; and

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.

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.