Bonanza Mining Corporation Closes Debt Settlements

Suite 1710 – 1177 West Hastings Street Vancouver, B.C.

V6E 2L3

Trading Symbol: TSX-V: BNZ Telephone: 604-619-0225 Email: [email protected] or [email protected] Website: www.bonanzamining.com

Bonanza Mining Corporation Closes Debt Settlements

August 13, 2026 – Vancouver, British Columbia: Bonanza Mining Corporation (“Bonanza”) (TSX-V: BNZ) announces, further to its April 10, 2026 news release announcing proposed debt settlements, that it has received TSX Venture Exchange acceptance for the settlement of $121,952.94 of indebtedness with certain insiders and arm’s-length creditors for the issuance of 1,219,529 common shares at a deemed price of $0.10 per share, of which 1,180,463 shares were issued to related parties and/or insiders. These shares are subject to a hold period which will expire on December 14, 2026.

Bonanza relied on the “securities for debt” exemption appearing in section 2.14 of National Instrument 45- 106, which provides that the prospectus requirement does not apply to a distribution by a reporting issuer of a security of its own issue to a creditor to settle a bona fide debt of that reporting issuer.

For further information, please contact:

Bonanza Mining Corporation Suite 1710 – 1177 West Hastings Street Vancouver, B.C. V6E 2L3 Attention: Alfredo De Lucrezia, President and Director Tel: 604-619-0225 Email: [email protected]

or

Drew Burgess, CEO and Director Tel: 403-383-8254 Email: [email protected]

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 adequacy or accuracy of this news release.