Mr. Stephen Stares reports

BENTON CLOSES PRIVATE PLACEMENT OF FLOW-THROUGH UNITS

Further to its July 17, 2024, news release, Benton Resources Inc. has closed its brokered flow-through private placement financing for aggregate gross proceeds of $1,146,411.75.

Haywood Securities Inc. acted as lead agent and sole bookrunner, together with a syndicate of agents, including Red Cloud Securities Inc. and Canaccord Genuity Corp.

The company has issued 6,947,950 flow-through units, with each unit consisting of one flow-through common share and one-half of a common share purchase warrant, with each full warrant being exercisable at 25 cents for one non-flow-through common share of the company for a period of two years from the date of issue.

Each flow-through share will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

The gross proceeds from the financing will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through critical mineral mining expenditures, as such terms are defined in the Income Tax Act (Canada), related to the company's projects in Canada. All qualifying expenditures will be renounced in favour of the subscribers of the flow-through units effective on or before Dec. 31, 2024.

All securities issued under the financing will be subject to a statutory hold period in Canada expiring four months and one day from the closing date of the offering. The financing is subject to final acceptance of the TSX Venture Exchange.

In accordance with TSX-V policies, the company has paid a cash fee of $80,249 and issued 486,356 compensation options to the agents. Each compensation option is exercisable to acquire one common share of the company at 16.5 cents per share for a period of two years from the date of issue.

About Benton Resources Inc.

Benton Resources is a well-financed mineral exploration company listed on the TSX-V 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 (NSR) royalties with potential long-term cash flow.

Benton is focused on advancing its high-grade Great Burnt copper-gold project in central Newfoundland, which has a mineral resource estimate of 667,000 tonnes at 3.21 per cent copper indicated and 482,000 tonnes at 2.35 per cent copper 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 copper/gold soil anomalies. Phase 1 and phase 2 drill programs returned impressive results, including 25.42 metres of 5.51 per cent copper, including 9.78 metres of 8.31 per cent copper, and 1.00 metre of 12.70 per cent copper. All intercepts are core length.

We seek Safe Harbor.