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Benz Announces Filing of NI 43-101 Technical Report for Previously Announced Eastmain Project Updated Mineral Resource

Resource Estimates Technical Reports (NI 43-101)

Benz Announces Filing of NI 43-101 Technical

Report for Previously Announced Eastmain

Project Updated Mineral Resource

Toronto, Ontario--(Newsfile Corp. - July 7, 2023) -

Benz Mining Corp. (TSXV: BZ) (ASX: BNZ)

(

Benz

or the

Company

) announces that the Company has filed a National Instrument 43-101 technical report in

support of the updated Mineral Resource Estimate for the Eastmain Project located in Northern Quebec,

which was reported in the Company's news release dated May 24, 2023.

The technical Report was prepared in accordance with Canadian Securities Administrators' NI 43-101

Standards off disclosure for Mineral Projects and Form 43-101 F1 and is available on SEDAR

(

www.sedar.com

) and the Company's website (

www.benzmining.com

).

This announcement has been authorized for release by the Board of Benz Mining Corp.

For more information please contact:

Evan Cranston

Chairman

Benz Mining Corp.

Email:

[email protected]

Telephone: +61 8 6143 6702

Dannika Warburton

Principal

Investability Partners

Email:

[email protected]

Telephone: +61 401 094 26

About Benz Mining Corp.

Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) brings together an experienced team of geoscientists and

finance professionals with a focused strategy to unlock the immense mineral potential of the Upper

Eastmain Greenstone Belt in Northern Quebec, which is prospective for gold, lithium, nickel, copper and

other high-value minerals. Benz is earning a 100% interest in the former producing high grade Eastmain

gold mine, Ruby Hill West and Ruby Hill East Projects in Quebec and owns 100% of the Windy Mountain

Project.

At the Eastmain Gold Project, Benz has identified a combination of over 380 modelled in-hole and off-

hole DHEM conductors over a strike length of 6km which is open in all directions (final interpretation of

some of the conductors still pending).

Benz has also confirmed the presence of visible spodumene in a pegmatite at the Ruby Hill West

Project, indicating lithium mineralisation which Benz intends to further explore in 2023.

Forward-Looking Information

: Certain statements contained in this news release may constitute

"forward-looking information" as such term is used in applicable Canadian securities laws. Forward-

looking information is based on plans, expectations and estimates of management at the date the

information is provided and is subject to certain factors and assumptions, including, that the

Company's financial condition and development plans do not change as a result of unforeseen

events and that the Company obtains regulatory approval. Forward-looking information is subject to a

variety of risks and uncertainties and other factors that could cause plans, estimates and actual

results to vary materially from those projected in such forward-looking information. Factors that could

cause the forward-looking information in this news release to change or to be inaccurate include, but

are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that

occurrences such as those referred to above are realized and result in delays, or cessation in planned

work, that the Company's financial condition and development plans change, and delays in regulatory

approval, as well as the other risks and uncertainties applicable to the Company as set forth in the

Company's continuous disclosure filings filed under the Company's profile at

www.sedar.com

. The

Company undertakes no obligation to update these forward-looking statements, other than as

required by applicable law.

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 ACCURACY OR ADEQUACY OF THIS RELEASE.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/172836