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Bonanza Mining Corporation announces appointment of Charles Greig as a Director

Management Changes

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BONANZA MINING CORPORATION

Suite 2201 – 8 Smithe Mews

Vancouver, B.C.

V6B 0A5

Trading Symbol: TSX-V: BNZ Telephone: 604-619-0225

Fax: 604-980-6264

Email: [email protected]

Bonanza Mining Corporation announces appointment of Charles Greig as a Director

November 2, 2021 - Vancouver, British Columbia: Bonanza Mining Corporation (“Bonanza”) (TSXV: BNZ),

is pleased to announce the appointment of Charles J. “Charlie” Greig, of Penticton, B.C. as a Director. Mr. Greig

has forty years of geological experience, mainly in the exploration industry, and is the founder of a small geological

consultancy based in Penticton, B,C. He has Bachelors and Masters degrees in Geology from the University of

British Columbia and has worked on many exploration projects, mainly as a mapper and exploration geologist,

ranging from grass -roots to development. These include mineral deposits such as La India in Mexico (Grayd –

Agnico Eagle), Wolv erine in Yukon (Atna -Westmin, Yukon Zinc), Alamo Dorado in Mexico (Corner Bay -Pan

American Silver), Bisha (Nevsun) and Emba Derho (Sunridge Gold) in Eritrea, and Brucejack (Pretivm) and Saddle

(GT Gold, Newmont) in B.C. He was awarded the 2020 H.H. “Spud” Huestis Award, by AME (the Association for

Mineral Exploration of British Columbia) for significant contributions to enhancing the mineral resources of BC

and/or the Yukon Territory for discovery of the Saddle North porphyry Cu -Au deposit and the Saddle So uth

epithermal Au-Ag zone for GT Gold.

Company President and CEO Alfredo De Lucrezia states “ I met Mr. Greig in October 2016 while I was the

President of Manera Capital Corp., a former capital pool company which became GT Gold Corp., which was

subsequently acquired by Newmont Corporation in May 2021 pursuant to a Plan of Arrangement . We are thrilled

to have Charlie join Bonanza’s board of directors to continue providing his knowledge, qualifications and

understanding of the mining industry and to help bring Bonanza into its next phase of growth.”

In conjunction with Mr. Greig’s appointment, he has been granted an incentive stock option entitling him to

purchase up to 500,000 shares at an exercise price of $0. 15 for a period of five years, which option wil l vest on a

quarterly basis over a period of 12 months.

For further information, please contact:

Bonanza Mining Corporation

Suite 2201 – 8 Smithe Mews

Vancouver, B.C. V6B 0A5

Attention: Alfredo De Lucrezia, President,

CEO and Director

Tel: (604) 619-0225

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.