Mr. Mark Lynch-Staunton reports

BENZ SECURES OPTION OVER STRATEGIC GROUND ADJACENT TO GLENBURGH GOLD PROJECT

Benz Mining Corp. has executed an option agreement to acquire highly prospective tenements adjacent to the Glenburgh gold project in Western Australia, and a strategic tenement at the Mount Egerton gold project. The execution of this option agreement to secure addition strategic ground aligns with the company's strategy of expanding its resource base in Tier 1 mining jurisdictions.

The option agreement provides Benz with the exclusive right to acquire the tenements, adding over approximately 20 kilometres of additional prospective strike to the Glenburgh gold project. This expansion has the potential to enhance the exploration upside and complements the Glenburgh gold project. Preliminary geological analysis suggests the ground covers the immediate extension of the prospective Glenburgh gneiss to the northeast.

Mark Lynch-Staunton, chief executive officer, commented: "We are thrilled to secure this option over such a highly prospective land package adjacent to the Glenburgh gold project. This option agreement perfectly aligns with our strategy of expanding in world-class gold districts.

"The addition of over 20 km of prospective strike would significantly enhance the upside of Glenburgh, and we are confident it will deliver exceptional value for our shareholders. We look forward to completing the Spartan transaction and progressing exploration on this exciting new ground."

Terms of the option agreement

Pursuant to the option agreement, Benz has secured the exclusive right to acquire four tenements from Mining Equities Pty. Ltd., an unrelated party (vendor). Benz has the ability to exercise this option for a period up to 30 days following the successful completion of the previously announced acquisition of the Glenburgh and Mount Egerton gold projects from Spartan Resources Ltd. In consideration for the option, Benz will pay the vendor $5,000 (Australian).

Benz may elect, at its sole discretion, to exercise the option, and, if so, the following consideration is payable to the vendor upon completion, subject to approval by the TSX Venture Exchange:

• Issuance of 500,000 fully paid ordinary shares in Benz;
• The grant of a 0.75-per-cent net smelter royalty.

The company has also agreed to issue a total of one million options to certain consultants of the company. All were granted in accordance with the company's omnibus equity incentive compensation plan and are in accordance with policies of the TSX Venture Exchange. These options have an exercise price of 45 cents and expire on Dec. 18, 2027.

About Benz Mining Corp.

Benz is a pure play gold exploration company dual listed on the TSX Venture Exchange and the Australian Securities Exchange. The company owns the Eastmain gold project in Quebec, with a National Instrument 43-101 and Joint Ore Reserves Committee (2012) compliant mineral resource of 1,005,000 ounces at 6.1 grams per tonne gold, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions.

On Nov. 6, 2024, Benz announced a binding agreement to acquire the Glenburgh and Mount Egerton gold projects in Western Australia from Spartan. This acquisition, once completed, will mark a transformational step, establishing Benz as a multijurisdictional gold exploration company with a focus on unlocking value in underexplored assets. The Glenburgh project features a mineral resource estimate of 16.3 million tonnes at 1.0 g/t Au (510,100 ounces of contained gold).

Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The company aims to rapidly expand its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions.

Competent person's statement (JORC Code)

The information contained in this announcement that relates to the geological analysis of the tenements that are the subject of the option agreement is based on and fairly reflects information compiled by Dr. Marat Abzalov. Dr. Abzalov is an independent consultant of the Massa Geoservices and was engaged by Benz. Dr. Abzalov is a fellow of the Australasian Institute of Mining and Metallurgy (No. 202718) and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration. Dr. Abzalov has shares in Benz. Dr. Abzalov consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The mineral resource estimates for the Eastmain project and the Glenburgh project were previously reported in accordance with listing Rule 5.8 on May 24, 2023, and Nov. 6, 2024, respectively. The company confirms that it is not aware of any new information or data that materially affect the information included in the original market announcements, and confirms that all material and technical assumptions underpinning the estimates continue to apply and have not materially changed. The company confirms that the form and context in which the competent person's findings are presented have not been materially modified from the original market announcements.

Historical mineral resource estimates

All mineral resource estimates in respect of the Glenburgh project in this news release are considered to be historical estimates as defined under NI 43-101 (Standards of Disclosure for Mineral Projects). These historical estimates are not considered to be current and are not being treated as such. These estimates have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists, and Minerals Council of Australia (JORC Code), and have not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (qualified person) has not done sufficient work to classify the historical estimates as current mineral resources. A qualified person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical data to verify the historical estimates as current mineral resources.

We seek Safe Harbor.