Benz Mining Corp. (TSXV: BZ, ASX: BNZ) (the Company or Benz) is pleased to announce successful results from a soils sampling campaign conducted at Eastmain and Ruby Hill West project in 2021.

All anomalies are within 12km from Benz's camp and less than 5km from access roads CEO, Xavier Braud, commented: 'We have an immense appetite for exploration and discovery. We pushed the boundaries of soils sampling further. The result is another exploration reward with multiple strong geochemical anomalies highlighting potential, not only for gold but also for lithium, nickel, copper and other base metals mineralisation. All those metals are present in Archean greenstone belts. Some of our own newly defined anomalies lie near intrusions visible in the magnetics. We also have strong anomalism over the Southern Anomalies. The Southern Anomalies are a string of very strong VTEM conductors to the south of Eastmain which coincide with a zone of magnetite destruction similar to Eastmain and now demonstrate coincident geochemistry.

The Cs-Nb-Li- Ta assemblage traces the potential presence of lithium baring pegmatites and associated felsic intrusions. Typically, this suite of elements indicates the potential presence of lithium bearing granitic intrusions and pegmatites. At Ruby Hill East, a very strong anomaly underlines the southern boundary of the greenstone belt in an area where late intrusions can be observed in the magnetics intruding metavolcanics and adjacent gneissic terrains. Greenstone belt boundaries are a very favourable location for lithium mineralisation as, traditionally, lithium pegmatites develop from late differentiated fluids associated with granitic intrusions which find their way through the older and more brittle rocks forming the greenstone part of the belt. This structural environment is where most lithium pegmatite deposits are found.

The combination of Ni-Co-Cr-Cu highlights the presence of ultramafic intrusions and flows, prospective for magmatic nickel sulphides and potentially associated PGE mineralisation. Benz 2021 soils samples show strong Co-Cr-Ni-Cu anomalism to the south of the Ruby Hill West project. The magnetics indicate the presence of multiple late intrusions covering an area of approximately 3km x 2km. Coincidentally, this area is at the boundary between Archean greenstones and an interpreted gneissic terrain with younger intrusions, possibly granitic, a major fault zone and potential fluid path for mineralisation. There are also anomalous areas in the E Zone and southeast of this, possibly indicating the presence of mafic and ultramafic intrusions in the area. The Mine Horizon is defined as a sheared and altered ultramafic

The combination of Au-Ag-Bi-W is a signature for orogenic / intrusion hosted gold deposits. The extension of soils samples coverage highlighted strong gold potential along strike from the high grade Mine Horizon with several new areas highlighted by strong anomalism extending mineralisation potential. Previous exploration had identified gold occurrences over 10 km of strike. Soils samples results from this campaign add 2km of prospective strike with strong gold anomalism to the northwest and the southeast of the Eastmain Project extending the prospective strike to 12km. There is also strong anomalism in the Southern Anomalies and in the extreme western part of the property near the Rene occurrence.

The combination of A, Cd, Zn, Cu and Sb gives an assemblage typical of VMS settings. There is a strong anomalism over the extent of the Mine Horizon in the Eastmain Mine property coinciding with the Mine Horizon. The Mine Horizon has Ag, Cu and Zn locally and has been previously interpreted as a deformed Au rich VMS. There are additional anomalies in the Southern Anomaly area, the Southern part of the Ruby Hill East property and in the extreme west of the same property.

Soils Sampling Campaign

Benz's 2021 campaign was designed to extend sample coverage into new areas where there was limited or no coverage of soils done by previous exploration. This strategy is in line with Benz's perception of the Upper Eastmain greenstone belt potential and its very low level of exploration to date. Newly collected samples extended areas of strong anomalism and uncovered new zones of interest, generally coincident with geophysical anomalies, enhancing the prospectivity of the whole greenstone belt currently owned by Benz Mining

Eastmain Gold Project

The Eastmain Gold Project, situated on the Upper Eastmain Greenstone Belt in Quebec, Canada, currently hosts a NI 43-101 and JORC (2012) compliant resource of 376,000oz at 7.9gpt gold (Indicated: 236,500oz at 8.2gpt gold, Inferred: 139,300oz at 7.5gpt gold). The existing gold mineralisation is associated with 15-20% semi-massive to massive pyrrhotite, pyrite and chalcopyrite in highly deformed and altered rocks making it amenable to detection using electromagnetic techniques. Multiple gold occurrences have been identified by previous explorers over a 12km long zone along strike from the Eastmain Mine with very limited but highly encouraging testing outside the existing resource area

About Benz Mining Corp.

Benz Mining Corp. (TSXV:BZ, ASX:BNZ) brings together an experienced team of geoscientists and finance professionals with a focused strategy to unlock the immense mineral potential of the Upper Eastmain Greenstone Belt in Northern Quebec, which is prospective for gold, lithium, nickel, copper and other high-value minerals. Benz is earning a 100% interest in the former producing high grade Eastmain gold mine, Ruby Hill West and Ruby Hill East projects in Quebec and owns 100% of the Windy Mountain project. At the Eastmain Gold Project, Benz has identified a combination of over 380 modelled in-hole and offhole DHEM conductors over a strike length of 6km which is open in all directions (final interpretation of some of the conductors still pending). In 2021, Benz confirmed the presence of visible spodumene in a pegmatite at the Ruby Hill West Project, indicating lithium mineralisation which Benz intends to further explore in 2022.

Contact:

Paul Fowler

Tel: +1 416 356 8165

Email: info@benzmining.com

Forward-Looking Information

Certain statements contained in this news release may constitute 'forward looking information' as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. 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.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law

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