Bonanza Mining Corporation Closes Private Placement

Bonanza Mining Corporation

Suite 1710 – 1177 West Hastings Street

Vancouver, B.C.

V6E 2L3

Trading Symbol: TSX-V: BNZ Telephone: 604-619-0225 Email: [email protected] or [email protected]

Website: www.bonanzamining.com

Bonanza Mining Corporation Closes Private Placement

January 2 7, 2026 – Vancouver, British Columbia : Bonanza Minin g Corporation (“Bonanza”) (TSX -V: BNZ)

announces that it has closed the non-brokered private placement offering (the “Offering”) originally announced on January

6, 2026. The Offering consisted of the sale of 10,000,000 units (“Units”) at $0.03 per Unit, for gross proceeds of $300,000,

with each Unit consisting of one common share and one share purchase warrant (each a “Warrant”), with each Warrant

entitling the holder to purchase one additional common share at a price of $0.05 until January 22, 2028.

Bonanza also provides the following information in connection with the Offering:

(a) the proceeds from the Offering will be used for general working purposes and for ongoing and professional

and general administrative services , although none of the proceeds will be used to pay Insiders who

participated in the private placement;

(b) there will be no proposed payments to persons conducting Investor Relations Activities; and

(c) all securities issued will be subject to the Exchange Hold Period and will be legended accordingly.

Bonanza paid a cash finder’s fee of $16,380 and issued 546,000 non-transferable finder warrants to Leede Financial Inc., of

Vancouver, British Columbia in connection with the Offering. Each finder warrant entitles the holde r to purchase one

common share of Bonanza at a price of $0.05 until January 22, 2028.

Insiders purchased a total of 2,200,000 Units in the Offering, for gross proceeds of $66,000. Regarding the participation of

these insiders , Bonanza relied on the exemp tion from the formal valuation requirement contained in section 5.5 of

Multilateral Instrument 61-101 “Protection of Minority Security Holders in Special Transactions” , and on the exemption

from the minority shareholder approval requirement contained in section 5.7 of said Multilateral Instrument 61-101.

All of the securities issued pursuant to the Offering, including any shares that may be issued pursuant to the exercise of the

Warrants forming part of the Units or upon the exercise of the finder warrants, are subject to a hold period in Canada until

May 23, 2026.

For further information, please contact:

Bonanza Mining Corporation

Suite 1710 – 1177 West Hastings Street

Vancouver, B.C. V6E 2L3

Attention: Alfredo De Lucrezia, President and Director

Tel: 604-619-0225

Email: [email protected]

or

Drew Burgess, CEO and Director

Tel: 403-383-8254

Email: [email protected]

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Cautionary Statements

This news release contains "forward -looking information" within the meaning of applicable securities laws. Readers are

cautioned to not place undue reliance on forward -looking information. Actual results and developments may differ

materially from those contemplated by these statements. The statements in this news release are made as of the date of this

news release. Bonanza undertakes no obligation to update forward -looking information, except as required by securities

laws.

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 news release.