Benz Mining Corp. Announces Phase 2 Exploration Program and Non-Brokered Private Placement

BENZ MINING CORP.

Suite 606, 909 Burrard Street

Vancouver, BC V6Z 2N2

News Release TSX-V: BZ

Frankfurt: 1VU

Benz Mining Corp. Announces Phase 2 Exploration Program and Non-Brokered Private

Placement

August 29, 2017 – Vancouver, British Columbia (TSX-V: BZ) Benz Mining Corp. (the

“Company” or “ Benz”), is pleased to announce the 2017 Phase 2 exploration program f o r its

Mel zinc/lead/barite project in south-east Yukon.

2017 Phase 2 Exploration Program Objectives

• Diamond drilling to test the Mel Main Zone along strike and i n depth;

• Continuation of the excavator trenching at the Jeri and Jeri North zones to identify potential

drill targets for future drilling;

• Camp and infrastructure main tenance and construction; and,

• Heritage Resource Impact Assessment

The 2017 exploration program is managed by Archer, Cathro & Ass ociates (1981) Limited

(“Archer Cathro”), and diamond drilling is anticipated to commence in late-September.

Diamond drilling within the Mel Main Zone will primarily focus on previously untested areas of

the resource in order to extend it. Infill drilling within the Mel Main Zone resource area will be

conducted to better define the known resource, collect metallur gical samples, and identify

additional drill targets.

Trenching at the Jeri and Jeri N orth zones, located approximate ly 8 km north of the Mel Main

zone, will test approximately 4 km of favourable stratigraphy i n order to identify targets for

future drilling.

Private Placement

The Company announces an amendment to its previously announced non-brokered, private

placement. The Company now plans to complete a non-brokered pri vate placement of

12,500,000 units (each, a “ Unit”) at a price of $0.20 per Unit, for gross proceeds of up to

$2,500,000 (the “Private Placement”). Each Unit consisting of one common share in the capital

of the Company (each a “ Share”) and one whole common share purchase warrant (each a

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

a price of $0.35 per Warrant Share for a period of 24 months following closing.

The net proceeds from the Private Placement will be used for completion of the 2017 exploration

program of Benz’s flagship Mel Zinc project near Watson Lake, Yukon and working capital.

All of the Shares issued pursuan t to the Private Placement (inc luding Warrant Shares issuable

upon exercise of Warrants) will be subject to a four-month hold period from the date of issue. .

The Private Placement is subject to approval from the TSX Ventu re Exchange (the

“Exchange”).

After giving effect to the Private Placement, the Company will have an aggregate of 23,989,402

common shares issued and outstanding.

Warrant and Accelerator Clause

The Warrants are subject to an acceleration clause. If the clo sing price of the Company’s shares

on the TSX Venture Exchange is at or above $0.55 per share for a period of twenty (20)

consecutive trading days during the term of the Warrants, the C ompany may accelerate the

expiry date of the Warrants to 30 calendar days from the date e xpress written notice is given by

the Company to the holder.

Completion of the private placement and any finder’s fees payab le are subject to regulatory

approval.

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 Se rvices Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this

release.