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Benton Resources Inc
Symbol BEX
Shares Issued 291,870,254
Close 2026-09-15 C$ 0.085
Market Cap C$ 24,808,972
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Benton receives TSX-V OK for purchase of two licences

2026-09-16 04:37 ET - News Release

Mr. Stephen Stares reports

BENTON AND METALS CREEK ANNOUNCE APPROVAL OF PROPERTY ACQUISITION

Benton Resources Inc. has received TSX Venture Exchange approval for the previously announced (Aug. 18, 2026, new release) joint acquisition from G2B Gold of an interest in two mineral licences encompassing 50 claim units in the Deer Lake basin (20 units) and Parson's Pond (30 units) area, subject to a 2-per-cent net smelter royalty to G2B, on the basis of 50-per-cent ownership to each of Benton and Metals Creek. No finders' fees were paid pursuant to this acquisition.

The companies, which are non-arm's length, acquired 100 per cent (50 per cent Benton and 50 per cent Metals Creek) of G2B's interest in the properties in consideration of:

  • The issuance to G2B of 120,000 common shares of Metals Creek and 82,500 common shares of Benton; and
  • A 2-per-cent net smelter royalty on the properties subject to the companies having the right, at any time, to purchase one-half of the NSR (that is, 1 per cent) by paying $1-million to G2B.

In addition, Benton has acquired, pursuant to a separate agreement with G2B, a 100-per-cent interest in one mineral licence, 040650M, consisting of two claim units by issuing to G2B 17,500 common shares of Benton. G2B will retain a 2-per-cent NSR on the property with Benton having the right, at any time, to purchase one half of the NSR (that is, 1 per cent) by paying $1-million to G2B. The strategic mineral licence ties directly on to the company's Dominion copper-gold-zinc project, which is located approximately 14 kilometres south of the town of Buchans and 13 km north of the Equinox Gold Corp.'s Valentine gold mine in central Newfoundland.

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 royalties with potential long-term cash flow.

Benton will focused its efforts on advancing its Dominion copper-zinc-gold project, Victoria West gold project, Stoney caldera copper-gold project and its various hydrogen-helium projects on the west coast of Newfoundland.

We seek Safe Harbor.

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