Benzai Capital Corp. Closes Non-Brokered Private Placement

BENZAI CAPITAL CORP 2110– 1177 West Hastings Street Vancouver BC V6E 2K3 Phone: (604) 669-4340 Fax: (604) 909-4682

May 4, 2012 BNZ.H: TSX Venture Exchange

NEWS RELEASE BENZAI CAPITAL CORP. CLOSES NON-BROKERED PRIVATE PLACEMENT

VANCOUVER, BC: Benzai Capital Corp. (the “Company”) announces that it has closed the private placement which was publicized on April 25, 2012. The Company has arranged a nonbrokered private placement (the “Offering”) of 1,000,000 Units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $50,000. Each Unit consists of one common share of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at a price of $0.10 for a period expiring one year from the date of issuance.

No finder’s fees were paid as part of the Offering.

The Offering is not part of the private placement which was described in the Company’s news release, dated February 10, 2012, announcing an agreement in principle to acquire all of the shares of Redline Minerals Inc. (“Redline”) as the Company’s “qualifying transaction” (“Qualifying Transaction”).

Proceeds from the Offering will be used by the Company to pay filing fees in completion of its Qualifying Transaction and to advance a $40,000 loan to Redline, secured against Redline’s current and hereinafter-acquired assets, and may not be refunded to the Subscriber if the Qualifying Transaction does not close. Redline will use the loan to make option payments on its New Mexico properties and for geological sampling. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of completion of the Offering, in accordance with the applicable securities legislation, and may be further restricted from trading subject to the existing trade halt on the Company’s stock.

BENZAI CAPITAL CORP.

“Len Guenther”

Director and Corporate Secretary

BENZAI CAPITAL CORP.

Suite 2110 – 1177 W. Hastings Street Vancouver, BC, Canada V6E 2K3 Tel: 604.669-4340 Fax: 604.909-4682

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.