Mr. Stephen Stares reports

BENTON CLARIFIES TERMS OF AGREEMENTS TO SECURE ADDITIONAL STRATEGIC LAND PACKAGES AT THE GREAT BURNT COPPER-GOLD PROJECT IN NEWFOUNDLAND AND PROVIDES UPDATE

Benton Resources Inc. is clarifying the payment terms of the two separate agreements to acquire a 100-per-cent interest in six strategic mineral licences encompassing 52 claim units that are adjacent to or within Benton's current claim block at the Great Burnt copper-gold project located in Newfoundland announced in its press release dated May 2, 2024. The property was optioned from Stephen Stockley Agriculture and Fabrication Inc. and its partners Mr. Stockley, Dylan Oram and Penny Boulos (40 mineral claims in four licences) and an individual prospector, Mervin Quinlan (12 mineral claims in two licences). The news release on May 2, 2024, contained errors related to the third anniversary cash and share payments to SSAF and the share payment to Mr. Quinlan. The corrected terms appear below.

Terms -- SSAF option agreement

The company has the option to acquire a 100-per-cent interest in four licences from SSAF by making payments and incurring expenditures as follows:

• Pay to SSAF $10,000 upon signing the agreement and issue 100,000 common shares of the company upon receipt of regulatory approval;
• Pay to SSAF $10,000 and issue 100,000 common shares of the company on the first anniversary of the effective date;
• Pay to SSAF $10,000 and issue 100,000 common shares of the company on the second anniversary of the effective date;
• Pay to SSAF $30,000 and issue 300,000 common shares of the company on the third anniversary of the effective date;
• Complete $100,000 in exploration expenditures on the licences on or before the third anniversary of the effective date.

The SSAF licences will be subject to the grant of a 2-per-cent net smelter return royalty in favour of SSAF in which one-half (1 per cent) can be purchased by the company by paying SSAF $1-million. The company retains the right to elect to expedite the above payments and expenditures.

Terms -- Mr. Quinlan purchase agreement

The company has agreed to acquire a 100-per-cent interest in two licences from Mr. Quinlan with terms set out as follows:

• Pay to Mr. Quinlan $12,000 upon signing the agreement;
• Issue 150,000 common shares of the company to Mr. Quinlan upon receipt of regulatory approval.

The Mr. Quinlan licences will be subject to the grant of a 2-per-cent NSR in favour of Mr. Quinlan in which one-half (1 per cent) can be purchased by the company by paying Mr. Quinlan $1-million.

About Benton Resources Inc.

Benton is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Benton has a diversified, highly prospective property portfolio and holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, Benton retains net-smelter-return royalties with potential long-term cash flow.

Benton is focused on advancing its high-grade copper-gold Great Burnt project in central Newfoundland, which has a mineral resource estimate of 667,000 tonnes of 3.21 per cent copper indicated and 482,000 of 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 zones over 15 kilometres 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. Phase 1 and 2 drill programs returned impressive results including 25.42 metres of 5.51 per cent Cu, including 9.78 m of 8.31 per cent Cu, and 1.00 m of 12.70 per cent Cu.

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