Benz Mining Corp. (TSXV:BZ, ASX:BNZ) (the Company or Benz) is pleased to provide an update on its lithium exploration activities. Assays for the 6 holes drilled in April 2022 at Ruby Hill West as part of Benz's maiden lithium drilling have been received and confirm thick high-grade pegmatite as well as the presence of multiple dykes system in the area.

CEO, Xavier Braud, commented: 'These results prove that the Ruby Hill West pegmatite we drilled this year carries both grade and thickness. We are currently in the field at Ruby Hill West and Windy Mountain identifying more pegmatite outcrops and stripping the outcrops near last winter's drilling. 'We have seen some pretty spectacular spodumene mineralisation in outcrop near RHW22-006 collar with single spodumene crystals up to 50cm long. 'This region has been underexplored and we believe we can find more of those lithium bearing pegmatites, turning Ruby Hill West into a lithium camp for the benefit of Benz shareholders. 'Every campaign we have conducted has been successful and returned high grade gold and now highgrade lithium mineralisation. We will keep exploring and making discoveries in the Upper Eastmain Greenstone Belt, a new frontier area that Benz is bringing to the world's attention. 'Finding core from holes drilled in 2008 which has unsampled pegmatites is a welcome discovery. This pegmatite shows high rubidium and niobium content on a hand held XRF indicating probable fertility. Sometimes, discoveries are made in the core yard unearthing historical core and looking at it with a fresh eye

Ruby Hill West Lithium Drilling Results

The Ruby Hill West Lithium Project is a surface occurrence of spodumene bearing LCT pegmatite within the Ruby Hill West Project, located 50km due west of the Eastmain exploration camp. The occurrence was first sampled in 2016 by Eastmain Resources and then by Quebec government geologists in 2018. Only limited sampling was conducted by both groups.

In March 2022, Benz conducted a drilling program at the Ruby Hill West lithium pegmatite prospect and reported a 31.2m interval of visible pegmatite with zones of visible spodumene in the drilling (ASX & TSX-V releases dated 29 April 2022 'Multiple spodumene pegmatites intersected at Ruby Hill West'). Drillholes RHW22-001, RHW22-002, RHW22-003 and RHW22-005 were drilled 100m apart from each other and targeted the geology at depth under lithium bearing pegmatite outcrop and sub-crop sampled in 2021.

The limited time spent on the outcrop during the 2021 campaign had not allowed for detailed exploration and the structural directions guiding drilling direction were inferred from historical airborne magnetics data. Those holes were located north west of the outcrop and drilled towards 155-degree azimuth. Benz's best hole of the 2022 drilling campaign was RHW22-006 which returned 31.1m of pegmatite from near surface.

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

Contact:

Paul Fowler

Head of Corporate Development

Benz Mining Corp.

Telephone: +1 416 356 8165

Email: info@benzmining.com

Xavier Braud

CEO

Head of Corporate Development

Benz Mining Corp.

Telephone: +61 8 6143 6702

Email: info@benzmining.com

Forward-Looking Information

Certain statements contained in this news release may constitute 'forwardlooking 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 Benz Mining Corp. 401 Bay St, Suite 2100, Toronto, Canada | T: +1.416.356.8165 | Email: info@benzmining.com 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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