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Benton Resources Inc
Symbol BEX
Shares Issued 206,631,643
Close 2025-09-17 C$ 0.065
Market Cap C$ 13,431,057
Recent Sedar Documents

Benton arranges $1.7-million private placement

2025-09-17 16:41 ET - News Release

Mr. Stephen Stares reports

BENTON ARRANGES $1.7M PRIVATE PLACEMENT WITH PLANS TO RESUME DRILLING AT GREAT BURNT

Benton Resources Inc. has arranged, subject to TSX Venture Exchange approval, a non-brokered private placement financing on a best-efforts basis for gross proceeds of up to $1.7-million. The company intends to issue up to 30,909,091 units at a price of 5.5 cents per unit, each unit consisting of one common share of the company and one common share purchase warrant, each warrant entitling the holder to acquire an additional common share of the company at 10 cents for a period of five years from the date of issue. The company will use the proceeds from the private placement to advance its Newfoundland projects and for general working capital purposes.

The financing is subject to TSX Venture Exchange approval and all securities issued pursuant to the financing will be subject to a four-month hold from the date of issue.

Benton intends to resume drilling this week, with plans to expand both South Pond and the Great Burnt deposit. Benton has identified multiple high-priority drill targets on the project (see company news release dated Sept. 9, 2025) and will aim to test several of these targets in the upcoming drill campaign.

QP (qualified person)

Stephen House (PGeo), vice-president of exploration for Benton Resources, 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.

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, Benton retains net smelter return (NSR) 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 at 3.21 per cent Cu indicated and 482,000 at 2.35 per cent Cu inferred. The project has an excellent geological setting covering 25 km of strike and boasts six known 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. 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 2.5 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.

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