Benz Mining Corp. provided gold assay results from its 2021 drilling campaign. All fire and metallic screen fire assays have been received and confirm D and E Zones as high-grade gold discoveries whilst expanding mineralisation at A, B and C Zones.

These results enable Benz to be a position to release an Exploration Target based solely on the areas targeted as part of the 2021 drill program and its understanding of Eastmain's geology with the potential to add to Benz's existing 376,000oz resource. The potential quantity and grade of the Exploration Target is conceptual in nature and is therefore an approximation. There has been insufficient exploration drilling results to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

The Exploration Target is in addition to the existing mineral resource estimate. Existing resource reported under JORC (2012) and NI43-101 in Benz prospectus dated 21/12/2020 Details of the existing resource on the following page. Introduction: Benz drilled 92 holes for c.51,500m of core in 2021 targeting fixed loop and down hole electromagnetic conductors in the mine area focussing on the new discoveries at D and E Zones and proving up extensions to the original A, B and C Zones at depth.

Assays for 32 drillholes were announced in December 2021 before Benz started experiencing considerable delays in metallic screen fire assays turnaround. The high-grade nature of the deposit called for systematic metallic screen fire assays of mineralised zones with limited other alternatives available at the time. Benz has now received complete assay results from the 60 remaining holes from the 2021 drill campaign.

Following its success in 2020, Benz pursued a strategy of drilling TDEM and BHEM anomalies in order to follow the best geophysical response caused by the presence of conductive sulphides (pyrrhotite) associated with the gold mineralisation. The electromagnetics strategy led Benz to the discovery of two new mineralised zones, D and E, and the extensions to the north of known zones A, B and C that will increase the size of these historical zone to the northeast. It is noteworthy that whilst the gold mineralisation at Eastmain is closely associated with pyrrhotite and chalcopyrite, EM is a method of choice for exploration targeting as the gold occurs as coarse free gold.

Historical mill recollection from MSV resources reports in the 1990's show +95% recoveries from Eastmain Ore via conventional grind, floatation and CIL extraction. D Zone: D Zone is located 2km to the southeast of the Mine portal along strike from A, B and C Zones. This area had been sparsely drilled previously in the 1980's to try to follow the Mine Trend to the southeast with little success.

Benz drilled 29 holes into D Zone in 2020 and 2021 totalling 22,256m, intercepting the Mine Horizon between near surface and 850m vertical depth at the deepest. Electromagnetic conductors, both from surface FLEM surveys and from DHEM surveys, identified three mineralised sulphide bearing horizons, the Mine Horizon, the Upper Horizon, and the Kotak Horizon. Both Upper and Kotak are located in the hanging wall of the Mine Horizon and represent strong targets for expansion of the mineralised system and increase of the ounces endowment.

The Mine Horizon: This is represented by a highly deformed, altered banded rock (silicified and biotite) with quartz veins locally containing up to 20% sulfides mostly pyrrhotite, pyrite and chalcopyrite with traces of sphalerite. This silicified horizon is in contact with a sheared and altered ultramafic intrusion. Gold is found as free grains mostly located in the deformed ultramafic and quartz veins within the silicified zone.

Garnets are locally present. The Upper Horizon: This is represented by a shear zone with locally up to 20% sulphides and is affected by silica and biotite alteration. Garnet porphyroblasts are present as well as magnetite.

The Kotak Horizon is similar to the Upper Horizon with an apparent increase in quartz veins density. Several holes returned multiple mineralised horizons with grade. Best intersections from D Zone from the May-Dec 2021 drilling include: EM21-182: Kotak Horizon: 0.8m at 1.03 g/t gold from 327.7m; Upper Horizon: 1.0m at 1.52g/t gold from 518m; Mine Horizon: 6.2m at 9.7 g/t gold from 674.3m including 1.0m at 23.6 g/t gold and 0.47% copper.

EM21-230: Kotak Horizon: 1.9m at 11.7 g/t gold 324.1m; Upper Horizon: 1.2m at 2.2 g/t gold from 510.3m; Mine Horizon: 6.7m at 9.8 g/t gold from 643.9m including 1.1m at 36.7g/t gold. EM21-232: Upper Horizon: 6.8m at 4.5 g/t gold from 458.5m; Mine Horizon: 4.1m at 1.5 g/t gold from 601.1m. Hole EM21-228 intersected the Mine Horizon between 936.0m and 970.5m, the deepest intersection to date at the Project.

The interval showing visible gold and samples were submitted for metallic screen fire assays. Results included 0.7m at 1.0g/t gold from 965.6m and 1.4m at 1.7g/t gold from 969.1m. The results illustrate the heterogeneity of the material.

Laboratory rejects from this interval have been submitted for analysis by PhotonAssay and results are pending. Zone A, B and C extensions: Benz's strategy was to test TDEM and BHEM conductors located in the extensions of the historical modelled resource of the A, B and C Zones. A total of 15,397m was drilled since 2020 with 14,173m drilled in 2021.

Using electromagnetics, Benz was able to directly target extensions to known mineralisation, down plunge and along strike, saving a considerable amount of time and drilling to discover more high-grade mineralisation and show that A, B and C Zones extend at depth well past the boundaries of the current resource model.