Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN BENTON RESOURCES INC.

On March 21, 2024, 12.5 million common share purchase warrants of Benton Resources Inc. (held by 2176423 Ontario Ltd., a corporation Eric Sprott beneficially owns) expired unexercised, representing a decrease in holdings of approximately 5.3 per cent of the outstanding common shares on a partially diluted basis since the date of the last early warning report. Prior to the expiry of these warrants, Mr. Sprott beneficially owned 28.75 million shares and 20,625,000 warrants, representing approximately 16.6 per cent of the outstanding shares on a non-diluted basis and approximately 25.5 per cent on a partially diluted basis assuming the exercise of such warrants.

As a result of the warrant expiry, Mr. Sprott now beneficially owns 28.75 million shares and 8,125,000 warrants, representing approximately 16.6 per cent of the outstanding shares on a non-diluted basis and approximately 20.3 per cent on a partially diluted basis assuming the exercise of such warrants. The warrant expiry, combined with previous new share issuances by Benton Resources, resulted in a partially diluted ownership change of greater than 2 per cent and, therefore, the filing of an update to the early warning report.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Benton Resources' address is 176-1100 Memorial Ave., Thunder Bay, Ont., P7B 4A3. A copy of the early warning report with respect to the foregoing will appear on Benton's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario, 7 King St. East, suite 1106, Toronto, Ont., M5C 3C5).