File: '\\swfile\EmailIn\20241121 134350 Attachment BENZ - News Release re Mailing of Meeting Materials and Technical Report (Nov 21, 2024) (Final).docx'

TSXV:BZ, ASX: BNZ 21 November 2024

BENZ ANNOUNCES UPDATE ON PROXY MATERIALS FOR UPCOMING SHAREHOLDEDER MEETING

AND

FILES NI 43-101 TECHNICAL REPORT ON GLENBURGH - MT EGERTON GOLD PROJECT

Vancouver, British Columbia - November 21, 2024 - Benz Mining Corp. (Benz or the Company) (TSXV: BZ) (ASX: BNZ) reports that the Company has sent for mailing to its shareholders of record as at November 12, 2024 the Notice of Meeting and Information Circular of the Company dated November 15, 2024 (the Information Circular) and the related forms of proxy (collectively, the Meeting Materials) in respect of the Annual General and Special Meeting to be held on Tuesday, December 17, 2024 at the hour of 10:00 a.m. (Perth, Western Australia time) (the Meeting).

In light of the Canada Post labour strike, the mailing or delivery of the Meeting Materials to the shareholders may be delayed. The Meeting Materials can be accessed online under the Company's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website at https://benzmining.com/investors/annual-general-meetings. Shareholders can also request copies of the Meeting Materials and may obtain copies of the Company's financial statements and related MD&A by contacting the Company at info@benzmining.com or by telephone at +61 8 6143 6702.

As a result of the Canada Post labour strike, Benz is encouraging shareholders to access the Meeting Materials electronically as noted above. Benz also strongly encourages shareholders to vote in advance of the Meeting by completing the form of proxy, or appointing an alternate proxyholder to attend the Meeting in person. Please note that the form of proxy found on SEDAR+ is not personalized and each registered shareholder must ensure its name and address are added before submission and that the proxy is duly signed and dated.

The Meeting Materials are being distributed in connection with, among other annual general business matters, the approval of an ordinary resolution authorizing and approving the transaction whereby Benz will acquire the Glenburgh - Mt Egerton Gold Project, located in Western Australia, from Spartan Resources Limited (ASX: SPR) (the Acquisition). The Acquisition was previously announced by the Company in its news release dated November 5, 2024, and is described in detail in the Information Circular. The Acquisition remains subject to final approval of the TSX Venture Exchange.

NI 43-101 TECHNICAL REPORT FOR GLENBURGH - MT EGERTON GOLD PROJECT

As part of the Acquisition, the Company announces that Benz has filed a technical report titled "NI 43-101 Technical Report on the Glenburgh - Mt Egerton Gold Project, Western Australia" dated November 18, 2024, prepared by Dr. Marat Abzalov, an independent consultant for MASSA Geoservices, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101). This technical report can be accessed online under the Company's profile on SEDAR+ (www.sedarplus.ca).

This announcement has been approved for release by the Board.

For more information please contact:

Mark Lynch-Staunton

Chief Development Officer

Benz Mining Corp.

E: mstaunton@benzmining.com

T: +61 8 6143 6702

About Benz Mining Corp.

Benz Mining Corp. (TSXV: BZ, ASX: BNZ) is an exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, with a NI 43-101 and JORC (2012) compliant mineral resource of 1,005,000 ounces at 6.1g/t Au, showcasing Benz's focus on high-grade, high-margin assets in premier mining jurisdictions.

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.

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

Competent Person's Statement (JORC Code)

The mineral resource estimates for the Eastmain Gold Project and the Glenburgh- Mt Egerton Gold Project were previously reported in accordance with Listing Rule 5.8 on 24 May 2023 and 5 November 2024, respectively. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and confirms that all material assumptions and technical parameters underpinning the mineral resource estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward looking statements" (collectively Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the acquisition of the Glenburgh- Mt Egerton Gold Project and the anticipated benefits thereof, planned exploration and related activities on the Glenburgh- Mt Egerton Gold Project, and the completion of the Acquisition. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedarplus.ca and www.asx.com.au. Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-looking information in this news release is based on plans, expectations, and estimates of management at the date the information is provided and the Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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 ACCURACY OR ADEQUACY OF THIS RELEASE.