Benz Accelerates Exploration Efforts At Glenburgh

• Second rig mobilised: Benz Mining has deployed a second rig to fast-track the 30,000m RC drilling campaign at the Glenburgh Gold Project. The accelerated program is supported by our recent successful A$13.5 million capital raise, enabling an aggressive ramp-up of exploration activities.
• Large-scale open pit potential: The second rig is focused on extensional drilling along the Icon-Apollo trend - a broad, bulk-tonnage gold system with shallow historical drilling on average to ~100m depth.
• Unlocking the next layer of growth: Significant mineralised potential has been identified beneath the 2013 pit design, with >1g/t gold zones extending over 1km of strike, surrounded by a broad 100-150m halo grading ~0.3-0.5g/t gold.
• Dual development strategy: The large open pit potential at Icon-Apollo is being advanced in parallel with high-grade underground opportunities, including the nearby 126 Lens, providing multiple pathways to growth and development all on granted mining licenses.
• Resource update underway: Drilling along the 1km Icon-Apollo trend is targeting significant resource growth, with step-out holes designed to extend known mineralisation down to 250-300m depth. Results from this program will underpin a major Mineral Resource update aimed at substantially increasing the scale and confidence of the Glenburgh resource base¹.

Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Benz Mining Corp. (ASX: BNZ) ( Benz or the Company ) is pleased to announce the deployment of a second rig to fast-track the 30,000m RC drilling campaign at the Glenburgh Gold Project.

Figure 1 East West Long section view looking North of Icon Apollo with interpolated grade shells at 1g/t and 0.5g/t gold. Proposed drilling demarcated by black crosses. Previous results released on 6 November 2024 and 3 April 2025.

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Benz CEO, Mark Lynch-Staunton, commented:

"We are incredibly excited about what we're seeing at Glenburgh. Mobilising a second rig is a clear signal of our intent - we believe we're sitting on something big. The Icon-Apollo trend alone has all the hallmarks of a large-scale, long-life gold system, and it remains barely scratched beneath 100 metres depth. With a broader basin-like geometery setting, consistent mineralisation over a kilometre, and both open pit and high-grade underground targets in play, this is shaping up to be a transformational opportunity."

"We firmly believe Glenburgh has what it takes to become Western Australia's next multi-million-ounce gold deposit. With drilling now accelerating, we're unlocking value at pace and positioning Benz at the forefront of one of WA's most exciting gold discoveries."

Benz is currently undertaking a fully funded 30,000m drill program at Glenburgh following its sucecssful $13.5m raise. Since acquiring the project in Feburary 2025, Benz has been undertaking significant work programs to understsand the geology and controls on the mineralisation in the poorly understood highly metamorphised gold system.

Following the success of this work, and encouraged by its maiden drill program that intersected 220m at 0.37g/t gold (see release dated 28 April 2025) in a single hole testing for potential mineralisation between the Icon and Apollo pits, Benz has elected to mobilize a second RC drill rig to do a resource drill out on the mineralisation outside the 2013 pit optimisations. This area has had very limited exploration with the majority of the drill holes targetting mineralisation in the top 100m. Benz believes there is significant potential to extend mineralisation down to 200-300m from surface at current gold prices.

The first drill rig remains focused on the Z126 trend, where extensional drilling and targeted infill holes are underway to follow up on and expand on recent high grade discovery intercepts²:

• 11m at 19.9g/t gold from 274m (GBZ126_010)
• 5m at 10.2g/t gold from 222m (GBZ126_001)
• 4m at 12.2g/t gold from 319m (GBZ126_009)

Several batches of samples have already been submitted, with initial assay results expected to be received and interpreted shortly.

Figure 2 Rig Mobilised and drilling at the Icon Appollo trend

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Figure 3 Glenburgh Project Geology overview.

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This announcement has been approved for release by the Board of Benz Mining Corp.

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