Mr. Drew Burgess reports

BONANZA MINING CORPORATION ANNOUNCES PRIVATE PLACEMENT

Bonanza Mining Corp., further to its Jan. 5, 2026, news release, has arranged a new private placement, to consist of the sale of up to 10 million units at a price of three cents per unit, to raise gross proceeds of up to $300,000. Each unit will consist of one common share and one share purchase warrant, with each warrant to entitle the holder to purchase one additional common share at a price of five cents for a period of two years from closing.

The offering will be made available to certain subscribers pursuant to British Columbia Instrument 45-536, Exemption from Prospectus Requirement for Certain Distributions Through an Investment Dealer, and in similar instruments in other jurisdictions in Canada. In accordance with the requirements of the investment dealer exemption, Bonanza confirms that there is no material fact or material change about Bonanza that has not been generally disclosed.

The private placement will be non-brokered; however, the company may pay finders' fees in accordance with the rules and policies of the TSX Venture Exchange. The private placement will be subject to the completion of formal documentation and the receipt of all necessary regulatory approvals, including exchange acceptance.

Certain insiders of the company may participate in the private placement, with full particulars of such participation to be included in the news release announcing the closing of the private placement. The participation of insiders in the offering would constitute a related party transaction, within the meaning of exchange Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. If applicable, the company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the offering would not exceed 25 per cent of the company's market capitalization.

The company also provides the following information in connection with the offering:

1. The proceeds from the unit private placement will be used for general working capital purposes, including payments to certain non-arm's-length parties for prior (approximately $150,000) and continuing professional and general administrative services.
2. There will be no payments to persons conducting investor relations activities (as defined in applicable exchange policy).
3. All securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period under applicable Canadian securities laws, as well as to the exchange hold period, in addition to such other restrictions that may apply under applicable securities laws of jurisdictions outside of Canada.