Benz Mining Corp. Announces Closing of Non-Brokered Private Placement

LEGAL_1:43270409.2

BENZ MINING CORP.

Suite 606, 909 Burrard Street

Vancouver, BC V6Z 2N2

News Release NEX: BZ.H

Benz Mining Corp. Announces Closing of Non-Brokered Private Placement

March 8, 2017 – Vancouver, British Columbia (NEX board of the TSX-V: BZ.H.)

Benz Mining Corp. (the “Company”), has closed its previously announced non-brokered

private placement (the "Private Placement"). The Company issued 4,166,664 units

(each, a “Unit”) at a price of $0.12 per Unit, for gross proceeds of up to $499,999.68.

Each Unit consists of one common share in the capital of the Company (each a “Share”)

and one whole common share purchase warrant (each a “Warrant”). Each Warrant entitles

the holder to purchase one Share (a “Warrant Share”) at a price of $0.15 per Warrant

Share for a period of 12 months following issuance.

The net proceeds from the Private Placement will be used to fund the identification and

completion of a mineral property transaction and working capital.

All of the Shares issued pursuant to the Private Placement are subject to a four-month hold

period expiring July 9, 2017.

After giving effect to the Private Placement, the Company will have an aggregate of 6,474,769

Shares issued and outstanding.

On behalf of the Board of Directors of

Benz Mining Corp.

Miloje Vicentijevic, President and Chief Executive Officer

For more information please contact

Benz Mining Corp.

Telephone: 604.617.1239

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 accuracy or adequacy of this

release.