Benton Closes $1.9 Million Financing

Core Viewpoint - Benton Resources Inc. has successfully closed a private placement financing of $1,980,010 at a price of $0.055 per Unit, which will be used to advance its Newfoundland projects and for general working capital purposes [1][2]. Financing Details - The financing involved the issuance of 36,000,182 Units, each consisting of one common share and one common share purchase warrant, with the warrants allowing the purchase of additional shares at $0.10 for five years [2]. - No finders' fees were paid in connection with this financing [2]. - All securities issued are subject to a four-month hold from the date of issue [3]. Company Overview - Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX, with a diversified property portfolio and significant equity positions in other mining companies [5]. - The company retains net smelter return (NSR) royalties whenever possible, providing potential long-term cash flow [5]. Project Focus - Benton is 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% Cu Indicated and 482,000 tonnes at 2.35% Cu Inferred [6]. - The project covers 25 km of strike and features six known Cu-Au-Ag zones over 15 km, all open for expansion [6]. - Recent drilling results include 25.42 m of 5.51% Cu, with notable intervals of 9.78 m at 8.31% Cu and 1.00 m at 12.70% Cu [6]. - The South Pond Gold Zone, located approximately 7.5 km north of the Great Burnt Copper-Gold Zone, has confirmed a robust gold-mineralized system with results of 74.20 m at 1.43 g/t Au and 43.75 m at 1.62 g/t Au, also open for expansion [6].