Benz Discovers New High Grade Gold Lens At Zone 126

Figure 1 Long section view looking north of Zone 126 trend. Proposed drilling demarcated by black crosses. Current release results in red text. Previous results released on 6 November 2024 and 3 April 2025.

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Figure 2 Plan View of new Lens 3 discovery in green, with Lens 2 in pink, and Lens 1 in Dark blue . Grey polygon is surface gold expression of target package. Collars in this release plotted.

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Figure 3 Section View A-A looking NE.

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High Grade Third Lens Discovery

Step-out drilling approximately 70 metres down plunge from the existing second lens has intersected a previously unrecognised third lens of high-grade gold mineralisation. The third lens has been intersected with 2 drill holes, with hole 25GLR_039 intersecting the lens at 196m with drill hole 25GLR_035 intersecting the same lens at 507m representing a potential down dip target zone of over 300m in length.

This emerging lens further validates Benz's structural targeting model which suggested that gold mineralisation at Zone 126 plunges to the north east as opposed to previous exploration that targetted a south westerly plunge.

Hole 25GLR_039 also intersected the second lens, returning additional high-grade mineralisation ( 25GLR_039: 6m at 7.4/t gold ) that reinforces the continuity of the system between the second and newly identified third lenses.

Exploration efforts will now prioritise this new lens horizon, with systematic drilling planned to test its full scale and continuity. The discovery opens up significant potential for high grade near-resource growth and underlines the broader structural complexity and fertility of the system with the system continuing to be open along the strike of the north easterly plunge as well to surface and depth.

Deep Extension Below Lens 2

In addition to the new lens discovery, drilling below the second lens has confirmed substantial vertical continuity of mineralisation, extending the system by more than 100 metres down-dip. This demonstrates that the gold system at Zone 126 remains open at depth and continues to exhibit strong grade characteristics at increasing depths.

These results confirm the presence of a large, vertically extensive gold system at Zone 126. Importantly, both Lens 1 and Lens 2 remain open at depth, with further drilling planned to test the full extent of this mineralisation along plunge and down dip.

The ongoing success of the drilling program at Zone 126 continues to highlight the exceptional upside potential at Glenburgh, with high-grade discoveries emerging alongside the Project's growing bulk-tonnage footprint.

Benz CEO, Mark Lynch-Staunton, commented:

"Glenburgh just keeps delivering. This latest discovery of a third high-grade lens at Zone 126 not only extends the system down plunge, but also further validates our structural model - a model that continues to unlock new growth across the Project.

"To see consistent high grades and widths over 50 gram metres continuously being intersected in now 2 new discoveries gives us great confidence that we are beginning to unlock a high grade underground gold project.

"Developing these exciting high grade discoveries alongside the large-scale bulk tonnage system at Icon-Apollo is what makes Glenburgh truly special.

"We believe Glenburgh has the hallmarks of a tier 1, multi-million-ounce opportunity, and we're only just getting started."

Figure 4 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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