Avaron Mining Corp. — Capital/Financing Update 2021

Oct 7, 2021

BENZ CAPITAL CORP.
927 Poirier Street
Coquitlam, BC V3J 6C3
News Release
TSX-V: BCC.P

Benz Announces a Non-Brokered Private Placement

October 6, 2021 – Vancouver, British Columbia (TSX-V: BCC.P) Benz Capital Corp. (the “Company” or “Benz”), is pleased to announce a non-brokered private placement of up to 1,000,000 shares issued (the “Shares”) at a price of $0.10 per Share for gross proceeds of up to $100,000 (the “Offering”).

The gross proceeds received by the Company from the sale of the Shares will be used to identify and evaluate assets or businesses for acquisition with a view to completing a "Qualifying Transaction" under the Exchange's capital pool company program ("CPC").

The Offering is scheduled to close on or about October 15, 2021. All of the Shares issued pursuant to the Private Placement will be subject to a four-month hold period from the date of issue. The Private Placement is subject to approval from the TSX Venture Exchange (the "Exchange").

The Company has also granted an aggregate of 674,000 stock options to certain of its directors, officers and consultants, at an exercise price of $0.10 per Common share for a period of 3 years from the date of issuance.

About Benz Capital Corp.

Benz is a CPC within the meaning of the policies of the Exchange that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the Exchange's CPC policy, until the completion of its Qualifying Transaction, the Company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction.

On behalf of the Board of Directors of
Benz Capital Corp.
Miloje Vicentijevic, President and Chief Executive Officer

For more information please contact
Benz Capital Corp.
Telephone: 604.617.1239

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

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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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.