Mr. Mark Lynch-Staunton reports

BENZ EXERCISES OPTION OVER STRATEGIC GROUND ALONG STRIKE FROM THE GLENBURGH GOLD PROJECT

Benz Mining Corp. has exercised the 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.

Mark Lynch-Staunton, chief executive officer, commented: "We are thrilled to exercise this option over such a highly prospective land package along strike from the Glenburgh gold project. Our maiden drill program is already in full swing, with initial results anticipated in the coming weeks. With this strategic expansion, we're not only extending our search for Glenburgh-style gold mineralization by another 20 kilometres, but we're also reinforcing our commitment to aggressively exploring and unlocking value in an underexplored gold district in Australia. This is an incredibly exciting time for Benz, and we can't wait to see what our ongoing drilling and expanded exploration efforts uncover."

Terms of the option agreement

Pursuant to the option agreement, Benz has exercised the exclusive right to acquire four tenements from Mining Equities Pty. Ltd. Benz had the ability to exercise this option until 30 days following successful completion of the previously announced acquisition of the Glenburgh and Mount Egerton gold projects from Spartan Resources Ltd.

The following consideration is payable to the vendor upon completion, which is expected to occur within five business days:

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

Refer to the appendix for the complete tenement schedule of the option agreement.

About Benz Mining Corp.

Benz Mining is a pure play gold exploration company dual listed on the TSX Venture Exchange and the 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, which was completed on 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 1.0 gram per tonne gold (510,100 ounces of contained gold). A technical report prepared under National Instrument 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 Venture Exchange and is available under the company's profile at 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 expand 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 an NI 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.

Qualified person (NI 43-101)

The disclosure of scientific or technical information in this news release is based on, and fairly represents, information compiled by Dr. Marat Abzalov. Dr. Abzalov is a qualified person as defined by NI 43-101 and a member in good standing as a fellow of the Australasian Institute of Mining and Metallurgy (No. 202718). Dr. Abzalov has reviewed and approved the technical information in this news release. Dr. Abzalov has shares in Benz.

Historical mineral resource estimates

All mineral resource estimates in respect of the Glenburgh and Mount Egerton projects 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) 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.

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