Mr. Alfredo De Lucrezia reports

BONANZA MINING CORPORATION CLOSES DEBT SETTLEMENTS

Further to its April 10, 2026, news release announcing proposed debt settlements, Bonanza Mining Corp. has received TSX Venture Exchange acceptance for the settlement of $121,952.94 of indebtedness with certain insiders and arm's-length creditors for the issuance of 1,219,529 common shares at a deemed price of 10 cents per share, of which 1,180,463 shares were issued to related parties and/or insiders. These shares are subject to a hold period which will expire on Dec. 14, 2026.

Bonanza relied on the securities-for-debt exemption appearing in Section 2.14 of National Instrument 45-106, which provides that the prospectus requirement does not apply to a distribution by a reporting issuer of a security of its own issue to a creditor to settle a bona fide debt of that reporting issuer.