Mr. Stephen Stares reports

BENTON TO RECEIVE $300,000 SHARE PAYMENT FROM RENEGADE GOLD FOR THE PANAMA LAKE GOLD PROJECT IN THE RED LAKE MINING CAMP

Benton Resources Inc. has been notified by Renegade Gold Inc. that Renegade will issue common shares to the company in satisfaction of its obligation to make a cash payment of $300,000, pursuant to the terms of the option agreement (as defined below) whereby Renegade had the right to acquire the remaining 30-per-cent interest (for a total interest of 100 per cent) in the Panama Lake property (see Renegade's news releases dated July 13, 2022, and Nov. 4, 2022). Renegade intends to issue Benton a total of 769,230 common shares at a deemed price of 39 cents per common share in lieu of paying $300,000, as payment for the third option as defined in an option agreement dated Oct. 22, 2019, in respect of the Panama Lake property. The issuance of common shares is subject to the receipt of all required approvals, including the approval of the TSX Venture Exchange. The common shares are subject to a statutory four-month hold period.

The Panama Lake gold project is located approximately 80 kilometres from, and on the same structural trend as, Kinross Gold's Great Bear deposit, and expands Renegade's dominant contiguous foothold along the Confederation belt by a further 9,900 hectares. Benton will retain a 2-per-cent net smelter royalty on the project.

About Benton Resources Inc.

Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Benton has recently concluded its first-phase drill program at the Great Burnt copper deposit with every drill hole intersecting stringer, semi-massive and massive sulphides. The company drilled 22 diamond drill holes in 5,651 metres and has released significant results, including 8.31 per cent copper (Cu) over 13 m in GB-23-02 and 7.18 per cent Cu over 26.87 m in GB-23-04 (see Benton's news release dated Nov. 28, 2023).

Following a project generation business model, Benton has a diversified, highly prospective property portfolio of gold, silver, nickel, copper, platinum group elements, and, most recently, lithium and cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, Benton retains net smelter return (NSR) royalties with potential long-term cash flow.

We seek Safe Harbor.