Mr. Stephen Stares reports

BENTON FILES FOR EXCHANGE APPROVAL FOR NON-BROKERED PRIVATE PLACEMENT FINANCING

Benton Resources Inc. has filed documents with the TSX Venture Exchange seeking final approval for its recently announced non-brokered private placement of flow-through and non-flow-through units (see Benton news release dated April 3, 2024).

On receipt of all regulatory approvals, the company will issue 15,755,334 units at a price of 15 cents per unit, each unit consisting of one common share of the company and one-half of a common share purchase warrant, with each full warrant entitling the holder to acquire an additional common share of the company at 22 cents for a period of 24 months from the date of issue for aggregate gross proceeds of $2,363,300.

Upon receipt of regulatory approval and in connection with the private placement, the company will pay $132,213 in cash finders' fees and will issue 881,420 finders' warrants exercisable at 22 cents for 24 months from the date of issue, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period.

The proceeds of the financing will be used to advance Benton's Great Burnt copper-gold project in Newfoundland and for working capital purposes.

About Benton Resources Inc.

Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. 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.

Benton is currently focused on advancing its high-grade copper-gold Great Burnt project in central Newfoundland, which has a mineral resource estimate of 667,000 tonnes at 3.21 per cent copper (Cu) indicated and 482,000 tonnes at 2.35 per cent Cu inferred. The project has an excellent geological setting covering 25 kilometres of strike and boasts six known copper-gold-silver (Cu-Au-Ag) zones over 15 km that are all open for expansion. Further potential for discovery is excellent given the extensive number of untested geophysical targets and Cu-Au soil anomalies. The phase 1 drill program consisting of over 5,650 metres, completed in November, returned impressive results, including 25.42 m of 5.51 per cent Cu, including 9.78 m of 8.31 per cent Cu and one m of 12.7 per cent Cu from hole GB-23-12.

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