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* denotes a Personal Law Corporation

TUPPER JONSSON & YEADON

BARRISTERS & SOLICITORS

An Association of Lawyers and law corporations

CARL R. JONSSON* LEE S. TUPPER* 1710 - 1177 West hastings street

GLENN R. YEADON* Vancouver, b.c., canada

JEFFREY T. K. FRASER* V6E 2L3

Tel: (604) 683-9262 Local 118

Direct Line: (604) 640-6355

Fax: (604) 681-0139

Email yeadon@securitieslaw.bc.ca

REPLY ATTENTION OF: GLENN R. YEADON

OUR FILE: 46510

January 27, 2026 BY EMAIL

Canada Stockwatch

Vancouver, B.C.

By Email: to news@stockwatch.com

Market News Publishing, Inc.

Vancouver, B.C.

By Email: to news@baystreet.com

Dear Sirs:

RE: BONANZA MINING CORPORATION

We are the solicitors for the above-mentioned company, and are enclosing a copy of its News Release of even date, which we would ask that you disseminate pursuant to the TSX Venture Exchange's requirements, as well as for distribution in the normal fashion. (Please note that we will be handling the SEDAR+ filing of this News Release.)

Yours very truly,

TUPPER JONSSON & YEADON

"Glenn R. Yeadon"

Glenn R. Yeadon

GRY/ss

Enclosure

c: Bonanza Mining Corporation - via email to delucrezia@shaw.ca

Attention: Alfredo De Lucrezia

Chris Graf (by email) to cgraf@spectrummining.com

Drew Burgess (by email) to asburg100@gmail.com

Dan Martino (by email) to dmartino@dbmcpa.ca

TSX Venture Exchange - via SEDAR+

British Columbia Securities Commission - via SEDAR+

Alberta Securities Commission - via SEDAR+

File: '\\swfile\EmailIn\20260127 113533 Attachment bnz jan 27 2026 nr.docx'

-2-

Bonanza Mining Corporation

Suite 1710 - 1177 West Hastings Street

Vancouver, B.C.

V6E 2L3

Trading Symbol: TSX-V: BNZ Telephone: 604-619-0225 Email: delucrezia@shaw.ca or asburg100@gmail.com Website: www.bonanzamining.com

Bonanza Mining Corporation Closes Private Placement

January 27, 2026 - Vancouver, British Columbia: Bonanza Mining Corporation ("Bonanza") (TSX-V: BNZ) announces that it has closed the non-brokered private placement offering (the "Offering") originally announced on January 6, 2026. The Offering consisted of the sale of 10,000,000 units ("Units") at $0.03 per Unit, for gross proceeds of $300,000, with each Unit consisting of one common share and one share purchase warrant (each a "Warrant"), with each Warrant entitling the holder to purchase one additional common share at a price of $0.05 until January 22, 2028.

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

(a) the proceeds from the Offering will be used for general working purposes and for ongoing and professional and general administrative services, although none of the proceeds will be used to pay Insiders who participated in the private placement;

(b) there will be no proposed payments to persons conducting Investor Relations Activities; and

(c) 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, British Columbia in connection with the Offering. Each finder warrant entitles the holder to purchase one common share of Bonanza at a price of $0.05 until January 22, 2028.

Insiders purchased a total of 2,200,000 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 said Multilateral Instrument 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.

For further information, please contact:

Bonanza Mining Corporation

Suite 1710 - 1177 West Hastings Street

Vancouver, B.C. V6E 2L3

Attention: Alfredo De Lucrezia, President and Director

Tel: 604-619-0225

Email: delucrezia@shaw.ca

or

Drew Burgess, CEO and Director

Tel: 403-383-8254

Email: asburg100@gmail.com

Cautionary Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this news release. Bonanza undertakes no obligation to update forward-looking information, except as required by securities laws.

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 adequacy or accuracy of this news release.