Mr. Mark Lynch-Staunton reports

BENZ COMMENCES MAIDEN DRILL PROGRAM AT GLENBURGH

Benz Mining Corp. has commenced its maiden drill program at the 100-per-cent-owned Glenburgh gold project in Western Australia. The drill rig is scheduled to mobilize to site at the end of this week, with drilling operations expected to continue throughout February and March, 2025.

Highlights:

• Maiden drill program set to commence at the 100-per-cent-owned Glenburgh gold project, with drill rig mobilization under way and drilling scheduled to start end of this week with highly regarded drilling contractor, TopDrill.
• Drilling to target high-grade extensions at zone 126 and Apollo, following up hits including:
  • 18 metres (m) at 11.6 grams per tonne (g/t) gold (Au) from 187 m -- VRC1076;
  • 28 m at five g/t Au from 156 m -- VRC0580;
  • 24 m at 9.1 g/t Au from 127 m -- VRC0535;
  • 14 m at 8.9 g/t Au from 227 m -- VRC0578;
• Close-spaced orebody knowledge drilling planned at Icon deposit to provide detailed geological and grade insights to guide upcoming resource model updates;
• Drill program to run throughout February and March, 2025, supporting resource growth in a Tier 1 gold jurisdiction;
• Geological reinterpretation under way, incorporating learnings and geological insights from high-grade metamorphic terrain deposits, including the world-class Tropicana gold deposit:
  • Historical drill pulps are undergoing XRF (X-ray fluorescence) multielement analysis to assist in refining orebody modelling;
  • Geological mapping and structural relogging of all available core has commenced;
  • An updated mineral resource estimate is anticipated H2 (second half) 2025 following the completion of the maiden drill program and in-depth geological reinterpretation.

Benz chief executive officer Mark Lynch-Staunton commented:

"We're thrilled to hit the ground running at Glenburgh, launching our maiden drill program just weeks after completing the acquisition. This is a major step forward for Benz as we focus on unlocking the full potential of this exciting gold project.

"The drill program is designed to target high-grade gold extensions at key areas such as zone 126 and Apollo, where historical results have shown exceptional gold grades. With gold prices near all-time highs and a bullish forecast ahead, the opportunity to leverage these conditions through high-grade resource expansion has never been better.

"We are confident this program has the potential to deliver meaningful results, supporting strong resource growth in a Tier 1 gold jurisdiction. We look forward to keeping the market updated as the campaign progresses."

About Benz Mining Corp.

Benz Mining is a pure play gold exploration company dual listed on the TSX Venture Exchange and Australian Securities Exchange.

On Nov. 6, 2024, Benz announced a binding agreement to acquire the Glenburgh and Mount Egerton gold projects in Western Australia from Spartan Resources, which acquisition was completed Jan. 14, 2025, and marks 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 one g/t gold (510,100 ounces of contained gold) (2). A technical report prepared under NI 43-101, Standards of Disclosure for Mineral Projects, titled "NI 43-101 Technical Report on the Glenburgh -- Egerton Gold Project, Western Australia," with an effective date of Dec. 16, 2024, has been filed with the TSX-V and is available under the company's profile on SEDAR+.

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 grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions.

The company also owns the Eastmain gold project in Quebec, with a National Instrument 43-101 and JORC (Joint Ore Reserves Committee) (2012) compliant mineral resource of 1,005,000 ounces at 6.1 g/t Au (3), showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions.

Competent person statement (JORC code)

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 assumptions and technical parameters 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. 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 in order to verify the historical estimates as current mineral resources.

(1) Refer to the news release (Australian Securities Exchange) dated Nov. 6, 2024: "Benz To Acquire WA Gold Projects from Spartan Resources."

(2) Indicated: 13.5 million tonnes at 1.0 g/t Au for 430,700 ounces; inferred: 2.8 million tonnes at 0.9 g/t Au for 79,400 ounces.

(3) Indicated: 1.3 million tonnes at 9.0 g/t Au for 384,000 ounces; inferred: 3.8 million tonnes at 5.1 g/t Au for 621,000 ounces.

We seek Safe Harbor.