Mr. Alfredo De Lucrezia reports

BONANZA MINING CORPORATION CLOSES PRIVATE PLACEMENT

Bonanza Mining Corp. has closed the non-brokered private placement offering originally announced on Jan. 6, 2026. The offering consisted of the sale of 10 million units at three cents per unit for gross proceeds of $300,000, with each unit consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of five cents until Jan. 22, 2028.

Bonanza also provides the following information in connection with the offering:

1. The proceeds from the offering will be used for general working purposes and for continuing and professional and general administrative services, although none of the proceeds will be used to pay insiders who participated in the private placement.
2. There will be no proposed payments to persons conducting investor relations activities.
3. All securities issued will be subject to the exchange hold period and will be legended accordingly.

Bonanza paid a cash finder's fee of $16,380 and issued 546,000 non-transferable finder warrants to Leede Financial Inc. of Vancouver, B.C., in connection with the offering. Each finder warrant entitles the holder to purchase one common share of Bonanza at a price of five cents until Jan. 22, 2028.

Insiders purchased a total of 2.2 million units in the offering for gross proceeds of $66,000. Regarding the participation of these insiders, Bonanza relied on the exemption from the formal valuation requirement contained in Section 5.5 of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and on the exemption from the minority shareholder approval requirement contained in Section 5.7 of MI 61-101.

All of the securities issued pursuant to the offering, including any shares that may be issued pursuant to the exercise of the warrants forming part of the units or upon the exercise of the finder warrants, are subject to a hold period in Canada until May 23, 2026.

We seek Safe Harbor.