Benz Mining Corp. — Share Issue/Capital Change 2021

Aug 30, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

BENZ MINING CORP.

Date of this announcement

Tuesday August 31, 2021

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
BNZAA	ORDINARY FULLY PAID	9,090,909	31/08/2021

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

BENZ MINING CORP.

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ARBN

Registration number

642228804

1.3 ASX issuer code

BNZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

31/8/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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Other

Please specify

Placement of shares as per announcement dated 31 August 2021

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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has an existing ASX security code ("existing class")

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities in an existing class

ASX +security code and description

BNZAA : ORDINARY FULLY PAID

Date the +securities the subject of this notification were issued

31/8/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Any other information the entity wishes to provide about the +securities the subject of this notification Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B No announcement of proposed issue of securities under a 3B as shares were issued while under a trading halt and this step was not taken. Further details of the placement are set out in the announcement of today's date.

Issue details Number of +securities 9,090,909 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? CAD - Canadian Dollar CAD 1.10000000 Purpose of the issue To raise additional working capital

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
BNZ : CHESS DEPOSITARY INTERESTS 1:1	38,934,189
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
BNZAJ : WARRANT EXPIRING 01-JUN-2023 EX CAD 0.17	12,485,455
BNZAK : WARRANT EXPIRING 29-OCT-2023 EX CAD 1.00	7,628,571
BNZAA : ORDINARY FULLY PAID	69,395,476
BNZAB : OPTION EXPIRING 02-OCT-2023 EX CAD 0.64	3,900,000
BNZAC : OPTION EXPIRING 18-JAN-2025 EX CAD 3.00	9,713
BNZAD : OPTION EXPIRING 03-MAR-2025 EX CAD 0.076	70,000
BNZAE : OPTION EXPIRING 27-APR-2025 EX CAD 0.12	2,200,000
BNZAF : OPTION EXPIRING 01-JUN-2025 EX CAD 0.21	1,140,000
BNZAG : OPTION EXPIRING 31-AUG-2027 EX CAD 0.265	137,500
BNZAH : WARRANT EXPIRING 27-APR-2023 EX CAD 0.12	27,635,750
BNZAI : WARRANT EXPIRING 27-APR-2023 EX CAD 0.076	2,115,652

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

9,090,909

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A

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