Bonanza Mining Corporation announced a non-brokered private placement of up to 10,000,000 non-flow-through units at a price of CAD 0.05 per non-flow-through unit for gross proceeds of up to CAD 500,000; and up to 10,714,285 flow-through units at a price of CAD 0.07 per flow-through unit for gross proceeds of up to CAD 749,999.95; for aggregate of up to CAD 1,249,999.95 on May 2, 2024. Each non-flow-through unit will consist of one common share and one common share purchase warrant, with each non-flow-through warrant to entitle the holder to purchase one additional common share at a price of CAD 0.07 per share for a period of 24 months from closing, subject to potential acceleration of the expiry date as disclosed below. Each flow-through unit will consist of one flow-through common share and one common share purchase warrant, also to be issued on a non-flow-through basis.

Each flow-through warrant shall entitle the holder to purchase one additional common share at a price of CAD 0.07 for a period of 24 months from closing, provided that both the non-flow-through warrants and flow-through warrants will be subject to potential earlier expiry in the event the closing market price of its shares as traded on the TSX Venture Exchange is CAD 0.15 or greater for a period of ten consecutive trading days subsequent to four months and one day from closing. Finders? fees or brokers?

commissions may be paid in accordance with TSX Venture Exchange policy. All securities issued as part of the offering will be subject to a hold period in Canada of four months and one day from the closing of the offering. The offering and the payment of any finders?

fees or brokers? commissions are subject to TSX Venture Exchange acceptance. The transaction may include participation from insiders for a portion of the offering.