BZ.V · 2025-02-05 12:00:00

Benz Commences Maiden Drill Program at Glenburgh

Exploration Programs

Benz Commences Maiden Drill Program at

Glenburgh

HIGHLIGHTS

Maiden drill program set to commence at the 100% owned Glenburgh Gold Project, with

drill rig mobilisation underway 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 (Figures 1 to 4) following

up hits including:

8m @ 11.6g/t Au from 187m - VRC1076

28m @ 5g/t Au from 156m - VRC0580

24m @ 9.1g/t Au from 127m - VRC0535

14m @ 8.9 g/t Au from 227m - 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 underway, incorporating learnings and geological insights

from high-grade metamorphic terrain deposits including the world class Tropicana gold

deposit.

Historical drill pulps are undergoing XRF multielement analysis to assist in refining

orebody modelling.

Geological mapping and structural re-logging of all available core has commenced.

An updated mineral resource estimate is anticipated H2 2025 following the

completion of the maiden drill program and in-depth geological reinterpretation.

Vancouver, British Columbia--(Newsfile Corp. - February 5, 2025) - Benz Mining Corp. (ASX: BNZ)

(TSXV: BZ) (

Benz

or the

Company

) is pleased to announce the commencement of its maiden drill

program at the

100% owned Glenburgh Gold Project

in Western Australia. The drill rig is scheduled

to mobilise to site at the end of this week, with drilling operations expected to continue throughout

February and March 2025.

Benz CEO, 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."

Figure 1:

Plan view of Glenburgh Gold Project. Black polygons delineate the focus areas of this

upcoming 2025 Maiden drill program.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/1818/239846_c65249c03484280c_001full.jpg

Figure 2:

Looking north, split long section of mineralised system at Glenburgh (yellow) showing key

high-grade gold target extension areas. Drilling will focus on extending the projected eastern shallow

plunge of the overall mineralised system. Additional targets are currently being developed to test

extensions under Zone 102 and Shelby deposits.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/1818/239846_benzfigure2.jpg

Figure 3:

Zone 126 Long Section.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/1818/239846_c65249c03484280c_011full.jpg

Figure 4:

Zone 126 cross section.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/1818/239846_c65249c03484280c_012full.jpg

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

For more information please contact:

Mark Lynch-Staunton

Chief Executive Officer

Benz Mining Corp.

[email protected]

T: +61 8 6143 6702

About Benz Mining Corp.

Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the

TSX Venture Exchange and Australian Securities Exchange.

On 6 November 2024, Benz announced a binding agreement to acquire the Glenburgh and Mt Egerton

Gold Projects in Western Australia from Spartan Resources Limited (ASX: SPR), which was completed

on 14 January 2025 and marks a transformational step, establishing Benz as a multi-jurisdictional gold

exploration company with a focus on unlocking value in underexplored assets. The Glenburgh Project

features a Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold)

. A

technical report prepared under NI 43-101-

Standards of Disclosure for Mineral Projects

(

NI 43-101

)

titled "NI 43-101 Technical Report on the Glenburgh - Egerton Gold Project, Western Australia" with an

effective date of 16 December 2024 has been filed with the TSX Venture Exchange and is available

under the Company's profile at

www.sedarplus.ca

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 NI 43-101 and JORC (2012)

compliant mineral resource of 1,005,000 ounces at 6.1g/t Au

, showcasing Benz's focus on high-grade,

high-margin assets in premier mining jurisdictions.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/1818/239846_c65249c03484280c_013full.jpg

For more information, please visit:

https://benzmining.com/

Competent Person's 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 24 May 2023 and 6 November 2024, respectively. The

Company confirms that it is not aware of any new information or data that materially affects 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.

The information in this announcement that relates to historical exploration results for the Glenburgh

Project was first reported to the ASX in accordance with ASX Listing Rule 5.7 on 6 November 2024. The

Company confirms that it is not aware of any new information or data that materially affects the

information included in the original market announcement.

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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are "forward-looking information"

or "forward looking statements" (collectively

Forward-Looking Information

) as such term is used in

applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to,

disclosure regarding the acquisition of the Glenburgh and Mt Egerton projects as well as certain

tenements adjacent thereto and the anticipated benefits thereof, planned exploration and related

activities on the Glenburgh and Mt Egerton projects. In certain cases, Forward-Looking Information can

be identified by the use of words and phrases or variations of such words and phrases or statements

such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in

relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the

Forward-Looking Information in this news release, the Company has applied several material

assumptions, including, but not limited to, that the tenements associate with the Glenburgh and Mt

Egerton projects that are still pending grant or undergoing the renewal process will be granted and/or

renewed, as applicable, in the timely manner and on reasonable terms, and all conditions precedent to

completion of the acquisitions will be satisfied, in a timely manner; the Company will be able to raise

additional capital as necessary; the current exploration, development, environmental and other

objectives concerning the Company's Projects (including Glenburgh and Mt Egerton) can be achieved;

and the continuity of the price of gold and other metals, economic and political conditions, and

operations.

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.sedarplus.ca

and

www.asx.com.au

. Accordingly, readers should not place undue reliance on

Forward-Looking Information. The Forward-looking information in this news release is based on plans,

expectations, and estimates of management at the date the information is provided and 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.

Appendix 1: Schedule of Tenements for the Glenburgh and Egerton Projects

Tenement Number

Grant/ Application Date

Expiry Date

Status

Registered Holder

Glenburgh Project

E09/1325

29.03.2007

28.03.2025

Live