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BZ.V ·

Grant of Incentive Stock Options

Share Capital & Compensation

Suite 1700, 1055 West Hastings Street, Vancouver BC V6E 2E9 | T: +61 8 6143 6702 | Email: [email protected]

TSXV:BZ, ASX: BNZ 4 July 2023

GRANT OF INCENTIVE STOCK OPTIONS

Benz Mining Corp. (TSXV:BZ, ASX:BNZ) (the Company or Benz) has agreed to issue in aggregate

600,000 incentive stock options to certain officers and consultants of the Company at an exercise price

of C$0.41 for a period of three years. These incentive stock options have been granted pursuant to

the Company’s Omnibus Equity Incentive Compensation Plan and are in accordance with policies of

the TSX Venture Exchange.

For more information please contact:

Evan Cranston

Executive Chairman,

Benz Mining Corp.

Telephone: +61 8 6143 6702

email: [email protected]

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

Suite 1700, 1055 West Hastings Street, Vancouver BC V6E 2E9 | T: +61 8 6143 6702 | Email: [email protected]

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.