Mr. Stephen Stares reports

BENTON ARRANGES PREMIUM PRICED FLOW THROUGH FINANCING WITH WEALTH (WCPD INC)

Benton Resources Inc. has entered into an arrangement with Wealth (WCPD Inc.) and several high-net-worth individuals (back-end buyers), whereby WCPD will purchase 9,326,564 flow-through (FT) units at a purchase price of 11 cents per FT unit for a total of $1,025,922.

Each FT unit consists of one flow-through common share of the company and one-half of a common share purchase warrant, each full warrant being exercisable at 11 cents for three years for an additional non-flow-through common share of the company.

The company will use an amount equal to the gross proceeds received by the company from the sale of the FT units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the Income Tax Act (Canada) on or before Dec. 31, 2025, and to renounce all the qualifying expenditures in favour of the subscribers of the FT units effective Dec. 31, 2024.

The company intends to use the gross proceeds from the sale of the FT units for exploration activities on the company's Great Burnt Lake copper property, located in central Newfoundland, to incur eligible Canadian exploration expenses, within the meaning of the Income Tax Act, which will qualify for the federal 30-per-cent critical mineral exploration tax credit.

All securities issued pursuant to the financing are subject to a four-month hold from the date of issue. The private placement is subject to TSX Venture Exchange approval.

President and chief executive officer Stephen Stares states: "The company continues to be excited about Great Burnt and this funding allows us to continue advancing the project in a meaningful way. We look forward to continuing our exciting work with our partner, Homeland Nickel, contributing 30 per cent of exploration cost."

The company wishes to clarify the net smelter royalty (NSR) reference in its recent news release dated Nov. 28, 2024. It has come to the company's attention that six claim units (claim No. 023518M) of the 137 claims units optioned to the company from Herb Froude has a previously granted 2.5-per-cent NSR royalty to underlying vendors. The company has amended the option agreement to reflect the said royalty and granted Mr. Froude a 0.25-per-cent royalty in addition to the 2.5 per cent on the above claim, 023518M, which now carries a 2.75-per-cent total NSR. All other terms remain the same for the rest of the property under option from Mr. Froude.

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 Resources retains NSR royalties with potential long-term cash flow.

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