Benz Mining Corp. Announces Non-Brokered Private Placement and Appointment to the Board of Directors

BENZ MINING CORP.

Suite 606, 909 Burrard Street

Vancouver, BC V6Z 2N2

News Release NEX: BZ.H

Benz Mining Corp. Announces Non-Brokered Private Placement and Appointment to the

Board of Directors

February 22, 2017 – Vancouver, British Columbia (NEX board of the TSX -V: BZ.H.)

Benz Mining Corp. (the “Company” or “ Benz”), is pleased to announce a non -brokered private

placement of up to 4,166,666 units (eac h, a “ Unit”) at a price of $0.12 per Unit, for gross

proceeds of up to $50 0,000 (the " Private Placement"). Each Unit consisting of one common

share in the capital of the Company (each a “ Share”) and one whole common share purcha se

warrant (each a “ Warrant”). Each Warrant will entitle the holder to purchase one Share (a

“Warrant Share”) at a price o f $0.15 per Warrant Share for a period of 24 months following

closing.

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 will be subject to a four -month hold

period from the date of issue. . The Private Placement is subject to approval from the NEX board

of the TSX Venture Exchange (the "Exchange").

The Company is also pleased to announce the appointment of Mr. Michael Konnert to the

Company's board of directors and to the management team in the capacity of VP Finance &

Corporate Development. Mr. Konnert will be responsible for directing the Company’s efforts

relating to project acquisition, capital raising and capital markets awareness.

Mr. Konnert has nearly a decade of experience in the natural resources industry, specifically in

executing successful corporate development and capital market strategies for leading mini ng

companies. Mr. Konnert started his career with Pretium Resources (TSX -PVG) in investor

relations following their $265 million IPO, then moved to the role of Associate with Advanture

Capital Partners, a mining focused merchant bank. Following that, he sp ent three years with

Riverside Resources (TSX.V -RRI), a prospect generator. Most recently in a development role,

Mr. Konnert helped grow SNL Financial’s Metals and Mining arm, the industry’s largest

database, research and consulting group, toward their $2 billion merger with Standard and Poor’s

Capital IQ. After the sale of SNL, Mr. Konnert formed Mine Capital Corp., a private equity

partnership, which acquires and develops mining assets. Mr. Konnert’s specific skill set includes

comprehensive investor co mmunication, capital raising, restructuring and taking companies to

market. He holds a Bachelor of Commerce from Royal Roads University and a Diploma in

Entrepreneurship British Columbia Institute of Technology.

After giving effect to the Private Placem ent, the Company will have an aggregate of 6,474,772

common 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.