Israelā€™s Prime Minister Benjamin Netanyahu said $5m will be given as a reward for each captive released from Gaza and those that help free Israelis held by Hamas will be given a way out of the war-torn Palestinian territory.

Netanyahu announced the reward offer during a brief visit to Gaza on Tuesday where he was shown the Israeli militaryā€™s Netzarim Corridor ā€“ a key access road and buffer zone constructed by Israelā€™s army to dissect northern Gaza from the southern part.

ā€œTo those who want to leave this entanglement, I say: Whoever brings us a hostage, will find a safe way out for himself and his family. We will also give $5m for every hostage,ā€ Netanyahu said during his brief visit to the Palestinian territory.

ā€œThe choice is yours but the result will be the same: We will bring them all back,ā€ he said.

Israel estimates that 101 captives remain in Gaza, though around one-third of that number are now believed to have died.

Netanyahuā€™s reward offer comes as mass protests continue in Israel by families of captives and their supporters who are demanding that the prime minister reach a ceasefire deal with Hamas that would see their loved ones freed.

Netanyahu has repeatedly said that a military option is the only way to free all the captives and Israelā€™s war on Gaza will continue until that objective has been achieved.

Families of the captives have accused the Netanyahu government of not doing enough to reach a ceasefire deal while a former aide to Netanyahu has been arrested on suspicion of leaking classified materials to foreign media in an apparent bid to scuttle an earlier truce deal with Hamas.

Analysts say Netanyahu has continually torpedoed a possible end to fighting in Gaza as it would likely lead to the collapse of his far-right and ultranationalist government as well as the launch of an official investigation into the security failures by Netanyahu and other Israeli officials in the run-up to the Hamas attack on October 7. Netanyahu is also under investigation for corruption.

A man holds a sign displaying a slogan with pictures of Israel's Prime Minister Benjamin Netanyahu and a baby of the Bibas family, Israeli hostages still believed to be held in the Gaza Strip since the October 7 attack by Hamas, during a rally in Tel Aviv calling for the release of the kidnapped, on November 9, 2024, amid the ongoing war between Israel and the militant Hamas group in the Palestinian territory. (Photo by Jack GUEZ / AFP)
A man holds a sign displaying a slogan with pictures of Israeli Prime Minister Benjamin Netanyahu and a baby of the Bibas family, Israeli captives still believed to be held in the Gaza Strip, during a rally in Tel Aviv calling for a deal to free captives, on November 9, 2024 [Jack Guez/AFP]

Hamas has long accused Israeli ceasefire negotiators of not being serious about reaching an agreement to end the fighting in Gaza.

Describing the Israeli military as ā€œdoing a wonderful jobā€ in Gaza, Netanyahu said on Tuesday that under no circumstances would Hamas return to govern the Palestinian territory.

ā€œHere, in the central Gaza Strip and throughout the Gaza Strip, they have achieved excellent results,ā€ Netanyahu said, according to a statement released by his office.

ā€œAnd the best is yet to come. Hamas will no longer exist in Gaza,ā€ he said.

Last week, a UN special committee investigating Israelā€™s war on Gaza said Israelā€™s policies displayed the characteristics of genocide and accused the country of ā€œusing starvation as a method of warā€ against Palestinian civilians in the territory.

Israel had inflicted ā€œmass civilian casualties and life-threatening conditionsā€ for Palestinians, the committee said.

ā€œSince the beginning of the war, Israeli officials have publicly supported policies that strip Palestinians of the very necessities required to sustain life ā€“ food, water, and fuel.ā€

Israelā€™s war on the territory has killed nearly 44,000 Palestinians and wounded more than 104,000 others.

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Leaders of the Group of 20 major economies meeting in Rio de Janeiro also called for ā€œcomprehensiveā€ ceasefires in Gaza on Monday.

In a statement, the leaders expressed ā€œdeep concern about the catastrophic humanitarian situationā€ in Gaza as well as concern over the ā€œescalation in Lebanonā€, calling for a ceasefire enabling ā€œcitizens to return safely to their homesā€ in both southern Lebanon and northern Israel.