Benz Accelerates Exploration Efforts at Glenburgh

HIGHLIGHTS:

• 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."