Benz Provides Update on San Javier Transaction and Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2014) -

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On May 6, 2014 Benz Capital Corp. (the "Corporation" or "Benz") (TSX VENTURE:BZ) announced the signing of a definitive option agreement (the "Option Agreement") with Tusk Exploration Ltd.("Tusk") pursuant to which it may acquire up to a 100% interest in the San Javier Copper Project (the "Property") for a total acquisition price of $9.2 million (the "Transaction").

At this time Benz has completed a detailed due diligence investigation on the Property and has made its submission for approval by the TSX Venture Exchange (the "Exchange").

In connection with the Transaction, Benz today announced a non-brokered private placement of units at a price of $0.47 per unit, for gross proceeds of $300,000 (the "Private Placement"). Each unit will consist of one common share of Benz and one common share purchase warrant (the "Warrant"), with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.55 per share for a period of five years.

Net proceeds from the financing will be used to close the Transaction, making the first option cash payment to Tusk under the Option Agreement, and for general corporate purposes.

Finder's fees of 6% cash and 4% finder's warrants ("Finder's Warrants") may become payable in connection with this private placement. The Finder's Warrants will entitle the holder thereof to purchase units at an exercise price of $0.55 for a period of two years, the units having the same terms as described above.

The financing is subject to approval from the TSX Venture Exchange.

"The successful completion of the due diligence investigation, including results of a new Resource Estimate and Preliminary Economic Assessment, are important tasks towards closing of the Transaction. Once the approval by the Exchange is granted and the private placement completed, Benz expects to proceed quickly to close the Transaction in the middle of July, 2014," said Miloje Vicentijevic, President and CEO of Benz.

About the Corporation

Benz is a junior mining company focused on the exploration and development of mineral properties located in the Americas. Its strategic vision is to become a profitable mining producer providing value for all stakeholders. For more information, please refer to the Company's website at www.benzcapital.com.

This news release contains statements about the Corporation's expectations regarding the Transaction and the Private Placement that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements and there can be no assurance that such expectations will prove to be correct. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to complete the Transaction for any reason whatsoever, including that the shareholders and/or regulators may not approve the Transaction, and the potential development of the Project to a producing mine may not occur as planned or at all. The forward-looking statements contained in this news release are made as of the date hereof, and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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 release.