• Benz acquires 100% of the Glenburgh and Mt Egerton Gold Projects from Spartan Resources
• Spartan becomes a strategic cornerstone shareholder, owning 15% of Benz
• Spartan's General Manager joins Benz's Board as a nominee Director

Benz Mining Corp. has completed the acquisition of 100% of the Glenburgh Gold Project and Mt Egerton Gold Project located in the Gascoyne region of Western Australia from Spartan Resources Limited (ASX: SPR). The consideration for the acquisition consisted of an upfront cash payment of A$500,000 and the issue of 33,000,000 fully paid CHESS Depository Interests (CDIs) in Benz to Spartan. Deferred consideration payable to Spartan includes an additional A$500,000 cash payment on the first anniversary after completion and up to A$6,000,000 (in cash or fully paid CDIs) subject to the satisfaction of certain milestones. Spartan has become a strategic cornerstone shareholder, owning approximately 15% of Benz, and will provide ongoing geological support to the company. Spartan's General Manager, Nick Jolly, has been appointed to the Benz Board as Spartan's nominee Director. Benz plans to commence a maiden drill program at Glenburgh, focusing on extending high-grade shoot resources and resource definition. The company will also conduct downhole EM testwork and a geological reinterpretation of the Glenburgh project, with the aim of updating the mineral resource estimate following the completion of these activities.

Benz is eager to update the market on its progress as it advances exploration and development of the Glenburgh and Mt Egerton Gold Projects in the coming months.