Multiple +50 gram metre hits keep coming from Glenburgh Gold Project

HIGHLIGHTS:

• Third lens discovery – Step out drilling has uncovered a new third lens approximately 70m south east of the second lens:
  • 11m at 5.5g/t gold from 196m (25GLR039)
  • 20m at 2.6g/t gold from 507m (25GLR035)
    • Including 5m at 5.4g/t gold
• Exploration efforts will now prioritise this new lens horizon, with systematic drilling planned to define its scale and continuity which currently exceeds over 300m of vertical extent.
• Deep extension below Lens 2 – Drilling beneath the second lens has confirmed significant vertical and grade continuity, extending the known mineralisation over 100m down plunge:
  • 10m at 6.1g/t gold from 450m (25GLR033)
    • Including 3m at 16.8g/t gold
    • Within a broader zone of 108m at 0.9g/t gold from 408m
  • 5m at 13.5g/t gold from 361m (25GLR037)
    • Within a broader zone of 123m at 1g/t gold from 355m
  • 6m at 7.4g/t gold from 300m (25GLR039)

The discovery confirms Benz’s breakthrough structural model, showing that earlier drilling at Glenburgh missed key mineralised zones due to incorrect orientation. Two RC rigs continue drilling on site, fully funded by recently completed A$13.5m capital raise.

Benz Mining Corp (ASX: BNZ) (TSXV: BZ) is pleased to report further strong results from ongoing drilling at the Zone 126 prospect within the Glenburgh Gold Project in Western Australia. The latest results have successfully confirmed two major developments:

1. the discovery of a new third lens or mineralisation; and
2. a significant 100m down-dip extension of known mineralisation beneath the second lens.

Figure 1 Long section view looking north of Zone 126 trend. Proposed drilling demarcated by black crosses. Current release results in red text. Previous results released on 6 November 2024 and 3 April 2025.

Figure 2 Plan View of new Lens 3 discovery in green, with Lens 2 in pink, and Lens 1 in Dark blue . Grey polygon is surface gold expression of target package. Collars in this release plotted.

Figure 3 Section View A-A looking NE.

High Grade Third Lens Discovery

Step-out drilling approximately 70 metres down plunge from the existing second lens has intersected a previously unrecognised third lens of high-grade gold mineralisation. The third lens has been intersected with 2 drill holes, with hole 25GLR_039 intersecting the lens at 196m with drill hole 25GLR_035 intersecting the same lens at 507m representing a potential down dip target zone of over 300m in length.

This emerging lens further validates Benz’s structural targeting model which suggested that gold mineralisation at Zone 126 plunges to the north east as opposed to previous exploration that targetted a south westerly plunge.

Hole 25GLR_039 also intersected the second lens, returning additional high-grade mineralisation (25GLR_039: 6m at 7.4/t gold) that reinforces the continuity of the system between the second and newly identified third lenses.

Exploration efforts will now prioritise this new lens horizon, with systematic drilling planned to test its full scale and continuity. The discovery opens up significant potential for high grade near-resource growth and underlines the broader structural complexity and fertility of the system with the system continuing to be open along the strike of the north easterly plunge as well to surface and depth.

Deep Extension Below Lens 2

In addition to the new lens discovery, drilling below the second lens has confirmed substantial vertical continuity of mineralisation, extending the system by more than 100 metres down-dip. This demonstrates that the gold system at Zone 126 remains open at depth and continues to exhibit strong grade characteristics at increasing depths.

These results confirm the presence of a large, vertically extensive gold system at Zone 126. Importantly, both Lens 1 and Lens 2 remain open at depth, with further drilling planned to test the full extent of this mineralisation along plunge and down dip.

The ongoing success of the drilling program at Zone 126 continues to highlight the exceptional upside potential at Glenburgh, with high-grade discoveries emerging alongside the Project’s growing bulk-tonnage footprint.

Benz CEO, Mark Lynch-Staunton, commented:

“Glenburgh just keeps delivering. This latest discovery of a third high-grade lens at Zone 126 not only extends the system down plunge, but also further validates our structural model – a model that continues to unlock new growth across the Project.

“To see consistent high grades and widths over 50 gram metres continuously being intersected in now 2 new discoveries gives us great confidence that we are beginning to unlock a high grade underground gold project.

“Developing these exciting high grade discoveries alongside the large-scale bulk tonnage system at Icon-Apollo is what makes Glenburgh truly special.

“We believe Glenburgh has the hallmarks of a tier 1, multi-million-ounce opportunity, and we’re only just getting started.”

 Figure 4 Glenburgh Project Geology overview.

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.

For more information, please visit: https://benzmining.com/.

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.