Benz Mining Corp. — Share Issue/Capital Change 2026

May 5, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Announcement Summary

Entity name
BENZ MINING CORP.

Date of this announcement
Wednesday May 06, 2026

The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	Performance rights	7,755,000	06/05/2026

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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
Registration number
ARBN
642228804

1.3 ASX issuer code
BNZ

1.4 The announcement is
New announcement

1.5 Date of this announcement
6/5/2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
does not have an existing ASX security code ("new class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code	+Security description
New class - code to be confirmed	Performance rights
+Security type	ISIN code
---	---
Other

Date the +securities the subject of this notification were issued
6/5/2026

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?
Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Mark Lynch-Staunton	L&M Alliance Pty Ltd	4,500,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
See ASX announcement dated 6 May 2026

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms
https://announcements.asx.com.au/asxpdf/20251117/pdf/06s35106nzf6nd.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities
7,755,000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

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

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

ASX +security code and description	Total number of +securities on issue
BNZ : CHESS DEPOSITARY INTERESTS 1:1	285,455,227

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

ASX +security code and description	Total number of +securities on issue
BNZAN : OPTION EXPIRING 03-JUL-2026 EX CAD 0.41	600,000
BNZAP : OPTION EXPIRING 18-DEC-2026 EX CAD 0.35	1,500,000
BNZAQ : OPTION EXPIRING 18-DEC-2027 EX CAD 0.45	2,500,000
BNZAR : OPTION EXPIRING 25-NOV-2027 EX CAD 0.32	2,000,000
BNZAA : ORDINARY FULLY PAID	48,402,021
BNZAG : OPTION EXPIRING 31-AUG-2027 EX CAD 0.265	125,000
New class - code to be confirmed : Performance rights	7,755,000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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?
Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2
13

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