Benz Announces Filing of NI 43-101 Technical Report for Previously Announced Eastmain Project Updated Mineral Resource

Toronto, Ontario--(Newsfile Corp. - July 7, 2023) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) announces that the Company has filed a National Instrument 43-101 technical report in support of the updated Mineral Resource Estimate for the Eastmain Project located in Northern Quebec, which was reported in the Company's news release dated May 24, 2023.

The technical Report was prepared in accordance with Canadian Securities Administrators' NI 43-101 Standards off disclosure for Mineral Projects and Form 43-101 F1 and is available on SEDAR (www.sedar.com) and the Company's website (www.benzmining.com).

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

For more information please contact:

Evan Cranston
Chairman
Benz Mining Corp.
Email: info@benzmining.com
Telephone: +61 8 6143 6702

Dannika Warburton
Principal
Investability Partners
Email: benzmining@investability.com.au
Telephone: +61 401 094 26

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 off-hole DHEM conductors over a strike length of 6km which is open in all directions (final interpretation of some of the conductors still pending).

Benz has also 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 2023.

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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172836