Mr. Alfredo De Lucrezia reports

BONANZA MINING CORPORATION ANNOUNCES THE CLOSING OF TWO MINERAL PROPERTY PURCHASE AND SALE AGREEMENTS

Bonanza Mining Corp. has closed the two mineral property purchase and sale agreements as originally announced on Jan. 5, 2026. These agreements replace two option agreements originally negotiated in 2018, each as subsequently amended.

The first such agreement is with Christopher Graf, a director of the company, and is in respect of five zinc-lead-silver mineral claims known as the Shag property, located in the Golden mining district of British Columbia in the southern Rockies, approximately 24 kilometres northeast of the town of Canal Flats and 35 kilometres east of Radium Hot Springs. Pursuant to this agreement, the company issued 666,667 postconsolidated common shares to Mr. Graf, who has also had, reserved in his favour, a 3-per-cent net smelter return royalty on minerals produced from the property.

The second such agreement is with Mr. Graf and with Theodore Muraro, an individual who deals with the company on an arm's-length basis and is in respect of eight zinc-lead-silver-copper mineral claims known as the Frog property, located in the Liard mining district of British Columbia, approximately 170 kilometres east of Imperial Metals and Newmont's Red Chris mine near Dease Lake, B.C., and about 70 kilometres east of the major Kutcho Creek copper-zinc massive sulphide project, which is being developed by Capstone Mining Corp.'s subsidiary, Kutcho Copper Corp.

Pursuant to this agreement, the company issued a total of 733,334 postconsolidated common shares to Mr. Graf and Mr. Muraro, each as to 50 per cent; they also have had, reserved in their favour, a 3-per-cent net smelter return royalty on minerals produced from the property.

As Mr. Graf is a non-arm's-length party to Bonanza, Bonanza is relying on the exemption from the formal valuation requirement contained in Section 5.5 of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and on the exemption from the minority shareholder approval requirement contained in Section 5.7 of said Multilateral Instrument 61-101.

All shares issued pursuant to these agreements are subject to a hold period until July 31, 2026. There were no finders' fees paid in respect of either of these agreements.