05:48:25 EST Sun 07 Dec 2025
Enter Symbol
or Name
USA
CA



Benton Resources Inc
Symbol BEX
Shares Issued 242,831,825
Close 2025-10-30 C$ 0.075
Market Cap C$ 18,212,387
Recent Sedar Documents

Benton seeks TSX-V approval to acquire Island Pond

2025-10-31 04:12 ET - News Release

Mr. Stephen Stares reports

BENTON PROVIDES ADDITIONAL INFORMATION REGARDING ACQUISITION AGREEMENT WITH NOBLE MINERALS

Further to the Oct. 14, 2025, news release, Benton Resources Inc. has made a filing with the TSX Venture Exchange seeking approval of its purchase agreement to acquire a 100-per-cent interest in Noble Mineral Exploration Inc.'s Island Pond property. The Island Pone property consists of a single mineral licence encompassing seven claims covering 175 hectares, and is tied directly to the northern boundary of the company's South Pond gold zone within the Great Burnt copper-gold project area in Newfoundland. Subject to exchange approval, the company will pay a one-time cash payment of $30,000 and issue one million common shares to Noble.

The shares will have a standard four-month hold period from the exchange approval date, and the project is subject to an underlying 2-per-cent net smelter royalty to an original underlying vendor and a 1-per-cent NSR to Noble. Benton will assume all rights of the original 2 per cent, including the right to buy the NSR back for $1.5-million, and a right-of-first-refusal for Noble's 1-per-cent NSR.

The transaction with Noble was arm's length in nature, and no finders' fees are being paid in connection with the purchase agreement.

Qualified person

Stephen House (PGeo), vice-president of exploration for Benton, the qualified person under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.

Quality assurance/quality control protocols

Core and rock samples, including standards, blanks and duplicates, are submitted to Eastern Analytical Ltd., Springdale, Nfld., for preparation and analysis. All samples were acquired by saw-cut (channels/drill core) with one-half submitted for assay and one-half retained for reference, or hand (rocks) delivered, by Benton personnel, in sealed bags, to the Springdale lab of Eastern Analytical, which is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using Eastern's gold (fire assay) of 30 grams plus the ICP-34 method that delivers a 34-element package utilizing a 200-milligram subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique. Overlimits are analyzed with Eastern's atomic absorption method, using a 0.200-gram to 2.00-gram sample, digested with three acids. All reported assays are uncut. Eastern Analytical achieved ISO 17025 accreditation in February, 2014 (for more details on the scope of accreditation, visit the CALA website). Grab samples are selective in nature and may not represent the average mineralization of a bedrock exposure.

About Benton Resources Inc.

Benton Resources 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, BEX 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 tonnes 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 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. Phase 1 and 2 drill programs returned impressive results including 25.42 m 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. Drilling at the South Pond gold zone, approximately 7.5 km north of the Great Burnt copper-gold zone, has confirmed a robust gold mineralized system over 2.7 km with results of 74.20 m of 1.43 g/t Au and 43.75 m of 1.62 g/t Au, and is open for expansion in all directions.

We seek Safe Harbor.

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