Structural model successfully predicting high-grade lenses at depth

HIGHLIGHTS:

• Maiden drill hole into recently interpreted structural model successfully intercepts the 4^th lens:
  • 17m at 6.0g/t gold from 662m 25GLR082
• New discovery follows recent intercepts into recently discovered the 3^rd lens
  • 44m at 4.6g/t gold from 475m 25GLR070
  • 47m at 1.9g/t gold from 451m 25GLR057
• Structural model validated: This high grade +100 gram metre hit validates Benz’s exploration strategy, which has successfully predicted 3 new lenses along the Zone 126 trend, where previous exploration efforts were unsuccessful.
• New lenses emerging: Drilling currently testing the interpreted 5th lens.
• Depth extension untested: Lenses 1-4 all remain open at depth, highlighting significant opportunity to add further high grade ounces.
• System-scale potential: The Zone 126 trend represents less than one third of the total mineralised corridor at Glenburgh, with strong potential for additional parallel “blind discoveries” to be made.

Benz Mining Corp (ASX: BNZ) is pleased to report an additional discovery from ongoing drilling at the Zone 126 prospect within the Glenburgh Gold Project in Western Australia.

Figure 1. Long section view looking north of Zone 126 trend. Proposed drilling demarcated by crosses. Current release results in larger bold text. Previous results released on 6 November 2024, 3 April 2025, 28 April 2025, 30 June 2025, 31 July 2025, 20 August 2025 and 11 September 2025.

Benz CEO, Mark Lynch-Staunton, commented:

“The discovery of a fourth high-grade lens at Zone 126 is a breakthrough moment for Glenburgh. Our structural model has once again delivered as predicted – generating thick, high-grade intercepts at over 500m vertical depth, demonstrating just how deep and extensive this system is becoming.

“With four lenses now confirmed and a fifth already being tested, Zone 126 is rapidly evolving into a multi-lens, kilometre-scale system with exceptional ounce-growth potential.

“What excites us most is that this trend represents less than a third of the mineralised corridor at Glenburgh, meaning we are only just beginning to uncover the true scale of this gold district.”

Zone 126 – an evolving multi-lens gold system

Zone 126 continues to establish itself as one of the most exciting underground growth opportunities at the Glenburgh Gold Project. The latest step-out drilling confirms the exciting discovery of a fourth lens with the maiden hole intersecting over 100 gram metres.

Zone 126 is no longer a single high-grade shoot, but a multi-lens system extending over more than one kilometre in strike, with each lens open at depth and providing room for significant growth.

This hole validates Benz’s exploration targeting model, built on systematic structural mapping before drilling, which has now successfully delivered three new lenses. Interpreted secondary shear zones transect the main mineralised horizon (see Figure 2 below), contributing to the formation of higher-grade gold lenses within a broader lower grade halo of gold up to 100m in width. This structural architecture controls gold enrichment within Zone 126 and provides high-conviction drilling targets further along the NE trend of mineralisation.

Further, only partial assays have been received for hole 25GLR082, underscoring that Benz’s geologists are now accurately predicting the position of mineralisation and prioritising ‘rush’ assays to fast-track results and discoveries to market. Full assays from this intercept will be reported once available.

Figure 2. Plan view collar map for holes reported in this release. Lenses 1-3 represent discoveries where secondary shear zones transect main mineralised horizon. Targets for Lenses 4 & 5 are defined at locations where mapped shear zones are interpreted to intersect the horizon in a similar manner.

Ongoing drilling

Drilling is ongoing at Zone 126 with one RC drill rig following up and extending recent +40 gram metre results drilled by Benz in 2025 including:

• 44m at 4.6 g/t gold (25GLR 070)
• 47m at 1.9 g/t gold (25GLR 057)
• 11m at 19.9 g/t gold (GBZ126 010)
• 39m at 5.1 g/t gold (25GLR 022)
• 10m at 12.9 g/t gold (25GLR 027)
• 10m at 6.1 g/t gold (25GLR 033)
• 11m at 5.5 g/t gold (25GLR 039)
• 20m at 2.6 g/t gold (25GLR 035)
• 5m at 13.5 g/t gold (25GLR 037)

Benz is planning additional holes into the newly discovered fourth lens whilst also drilling out the recently discovered third lens (see ASX: Benz Strengthens New High Grade Gold Lens at Zone 126 11 September 2025) which intersected some of the broadest intervals to date. Future drilling will also target the predicted fifth lens with the aim of continuing discoveries to the east and at depth. Drilling will continue to define and extend the existing lenses at depth.

Outside of the Zone 126 trend, two drill rigs continue to aggressively drill out the bulk tonnage potential of the Apollo Icon trend with a fourth rig on its way to scout out new exciting targets along the 18km Glenburgh Gold Corridor.

Glenburgh – A New Frontier Gold District

The 100%-owned Glenburgh Gold Project is rapidly emerging as a new frontier gold district with multi-million-ounce potential. Located in Western Australia’s Gascoyne region, Glenburgh hosts an 18-20 kilometre mineralised corridor anchored by the large-scale Icon-Apollo trend and the high-grade Zone 126 system.

Glenburgh’s unique combination of thick, bulk-style gold mineralisation (Icon-Apollo) and multiple high-grade underground lenses (Zone 126) positions it as a rare opportunity in the Australian gold sector. With gold prices at record levels, the ability to develop both large-scale open pit and underground operations offers exceptional leverage and growth potential.

Figure 3. Geological overview of the Glenburgh Gold Project.

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.

The Glenburgh Gold Project features a Historical (for the purposes of NI 43-101) Mineral Resource Estimate of 16.3Mt at 1.0 g/t Au (510,100 ounces of contained gold)¹. A technical report prepared under NI 43-101- Standards of Disclosure for Mineral Projects titled “NI 43-101 Technical Report on the Glenburgh – Egerton Gold Project, Western Australia” with an effective date of 16 December 2024 has been filed with the TSX Venture Exchange and is available under the Company’s profile at www.sedarplus.ca.

The Eastmain Gold Project in Quebec hosts a Mineral Resource Estimate dated effective May 24, 2023 and prepared in accordance with NI 43-101 and JORC (2012) of 1,005,000 ounces at 6.1g/t Au², also available under the Company’s profile at www.sedarplus.ca, showcasing Benz’s focus on high-grade, high-margin assets in premier mining jurisdictions.

Qualified Person’s Statement (NI 43-101)

The disclosure of scientific or technical information in this news release is based on, and fairly represents, information compiled by Mr Mark Lynch-Staunton, who is a Qualified Person as defined by NI 43-101 and a Member of Australian Institute of Geoscientists (AIG) (Membership ID: 6918). Mr Lynch-Staunton has reviewed and approved the technical information in this news release. Mr Lynch-Staunton owns securities in Benz Mining Corp.

Historical Mineral Resource Estimates

All mineral resource estimates in respect of the Glenburgh Gold Project in this news release are considered to be “historical estimates” as defined under NI 43-101. These historical estimates are not considered to be current and are not being treated as such. These estimates have been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and have not been reported in accordance with NI 43-101. A qualified person (as defined in NI 43-101) (Qualified Person) has not done sufficient work to classify the historical estimates as current mineral resources. A Qualified Person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical data in order to verify the historical estimates as current mineral resources.

Appendix 1: Collar Table. Coordinates system: GDA94/MGA Zone 50

Appendix 2: Significant Intercepts Tables.

High Grade Intercepts: A nominal 1 g/t Au lower cut off has been applied to results, with up to 10m internal dilution included unless otherwise stated.