Benz Mining Corp. (TSX-V: BZ) (ASX: BNZ) is pleased to advise that, further to its announcements dated April 15, 2025 and April 27, 2025, in relation to the private placement for 33,750,750 new fully paid CHESS Depositary Interests in the Company at an issue price of A$0.40 (C$0.35452) per CDI to raise A$13,500,300 (C$11,965,315.89) (before costs), it has successfully completed Tranche 2 of the Placement, being the final tranche of the Placement. As previously announced, Tranche 1 of the Placement consisted of 28,722,000 CDIs at a price of A$0.40 per CDI to raise A$11,488,800 (C$10,182,523.44) (before costs) and was completed on April 27, 2025. Each CDI represents one underlying common share in the Company on a one for one basis. All of the securities issued in connection with the Placement are subject to a statutory hold period in Canada of four months and one day from the date of their issuance.

Under the Tranche 2 Placement, which received shareholder approval at the special meeting of the Company’s shareholders held on June 27, 2025 (AWST), Spartan Resources Limited subscribed for 5,028,750 CDIs at a price of A$0.40 per CDI to raise A$2,011,500 (C$1,782,792.45) (before costs). Accordingly, Spartan has maintained its~14.91% shareholding in the Company. The participation by Spartan in the Placement is a “related party transaction” as defined under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions. The Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any CDIs issued to or the consideration paid by Spartan exceeds 25% of the Company’s market capitalization.

As previously announced, net proceeds from the Placement will be primarily used to accelerate exploration activities at Benz’s 100% owned Glenburgh Gold Project, including follow-up RC and diamond drilling programs to test high-grade extensions at Zone 126 and other high priority targets, geological modelling, and associated fieldwork, as well as for the commencement of exploration activities at the Egerton Gold Project, including targeting high-grade near-surface mineralisation with RC drilling, mapping, and geochemical surveys to refine future drill programs. Additionally, a portion of the proceeds will also be used to undertake a scoping study at the Eastmain Gold Mine in Quebec and for general working capital purposes.

The Placement remains subject to the final approval of the TSX Venture Exchange.

As previously announced, Euroz Hartleys Limited acted as Lead Manager and Tamesis Partners LLP acted as Co-Manager to the Placement, and they were paid a commission in relation to the Tranche 1 Placement in the amount of A$689,328 (C$610,952) (plus GST). No finder’s fees or commissions will be paid in relation to the Tranche 2 Placement.

Australian dollar amounts disclosed above were converted into Canadian dollars using the Bank of Canada’s exchange rate posted on April 15, 2025 of A$1 = C$0.8863.

About Benz Mining Corp.

Benz Mining Corp. is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia.

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.