Benton Substantially Increases Land Position at Newly Acquired Dominion Project 21 km North-Northeast of Calibre's Marathon Mine with Second Purchase Agreement

Rhea-AI Summary

Benton Resources (TSXV: BEX) has expanded its land position in the Tulks Volcanic Belt through a second purchase agreement with Puddle Pond Resources, acquiring 6 licenses totaling 67 units for $10,000 and 300,000 shares, subject to a 2% NSR. This follows a previous acquisition of 4 licenses (31 units) for $15,000 and 200,000 shares. The company reports significant early prospecting success, including the Trinity Zone discovery with high-grade samples showing up to 14.6% Zinc, 2.53% Copper, and 68.7 g/t Silver. Additionally, two gold mineralization areas have been identified, with the Rickirb gold discovery extended by 100m NNE, showing samples up to 6.41 g/t Au, and a second area 7.7 km SW of Rickirb yielding samples up to 6.0 g/t Au.

Positive

• Significant expansion of land position in the prospective Tulks Volcanic Belt through strategic acquisitions
• Early exploration success with high-grade mineral discoveries including 14.6% Zinc, 2.53% Copper, and 68.7 g/t Silver at Trinity Zone
• Extension of Rickirb gold discovery with samples up to 6.41 g/t Au and new gold area discovery with samples up to 6.0 g/t Au
• Option to reduce NSR exposure by purchasing 1% for $1.0 million on both properties

Negative

• Additional share dilution through issuance of 500,000 total shares for property acquisitions
• Early-stage exploration with no defined resource estimates yet
• 2% NSR obligations on both acquired properties

Thunder Bay, Ontario--(Newsfile Corp. - June 13, 2025) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has signed a second purchase agreement, subject to regulatory approval, to substantially increase its land position in the Tulks Volcanic Belt of the Victoria Lake Supergroup, which is a highly favorable geological terrain with demonstrated potential for hosting both Volcanogenic Massive Sulphides and Gold mineralization. The Company signed a purchase agreement with an arms-length private company, Puddle Pond Resources Inc. for a one-time payment of $10,000 cash and 300,000 common shares for a 100% interest in the property subject to a 2% NSR (net smelter royalty), where Benton can purchase 1% for $1.0 million at anytime. The property consists of 6 licences totalling 67 units.

The Company would also like to provide more detail related its June 5, 2025 news release whereby the Company announced a purchase agreement for a property. The acquired property, that adds to the Company's Dominion Lake land position, consists of 4 licences totalling 31 units. The arms-length vendor was issued a one-time payment of $15,000 cash and 200,000 common shares for a 100% interest in the property subject to a 2% NSR, where Benton can purchase 1% for $1.0 million at anytime. No finders' fees were paid by the Company for either property acquisition described above.

To date, Benton has had early prospecting success with significant new Gold and Base Metal discoveries in bedrock. One new discovery ("Trinity Zone") located 3.5 km SSE of Daniel's Pond VMS Deposit, has returned initial and individual grab samples with assays up to 14.6% Zn (zinc), 1.31% Pb (lead), 2.53% Cu (copper) and 68.7 g/t Ag (silver) and 0.17g/t Au (gold).

In addition to the new high grade base metal discovery, two new areas of significant gold mineralization have been identified, the first extending last year's Rickirb gold discovery by 100 m NNE the zone. It is described as a 12.0 m wide quartz-flooded and silicified zone that has been traced intermittently now for >200 m strike and open in all directions. This new zone returned grab samples as high as 4.6 g/t Au from last year's sampling and up to 6.41 g/t in the recent new sampling extending the zone to the NNE. A second area located approximately 7.7 km SW of the Rickirb Zone has identified multiple quart boulders and outcrop, which returned highly anomalous gold grading up to 6.0 g/t Au. This area will be subject to immediate follow-up.

QP
Stephen House (P.Geo.), Vice President of Exploration for Benton Resources Inc., 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.

QA/QC Protocols

Core and rock samples, including standards, blanks and duplicates, are submitted to Eastern Analytical Ltd., Springdale, Newfoundland 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) and 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 Au (Fire assay) @ 30g + ICP-34 method that delivers a 34-element package utilizing a 200 mg subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique. Overlimits are analysed with Eastern's atomic absorption method, using a 0.200 g to 2.00 g of sample, digested with three acids. All reported assays are uncut. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of accreditation visit the CALA website).

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 (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 @ 3.21% Cu Indicated and 482,000 @ 2.35% Cu Inferred. The Project has an excellent geological setting covering 25km of strike and boasts six known Cu-Au-Ag zones over 15km 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% Cu, including 9.78 m of 8.31% Cu, and 1.00 m of 12.70% 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 1.43g/t Au and 43.75 m of 1.62g/t Au and is open for expansion in all directions.

On behalf of the Board of Directors of Benton Resources Inc.,

"Stephen Stares"

Stephen Stares, President

Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.

For further information, please contact:

Stephen Stares, President & CEO
Phone: 807-474-9020
Email: sstares@bentonresources.ca

Nick Konkin, Investor Relations
Phone: 647-249-9298 ext. 322
Email: nick@grovecorp.ca

Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255463

FAQ

What are the terms of Benton Resources' latest property acquisition in the Tulks Volcanic Belt?

Benton acquired 6 licenses totaling 67 units from Puddle Pond Resources for $10,000 cash and 300,000 common shares, with a 2% NSR where Benton can purchase 1% for $1.0 million.

What are the significant mineral discoveries at Benton's Dominion Project?

The Trinity Zone discovery showed samples up to 14.6% Zinc, 1.31% Lead, 2.53% Copper, 68.7 g/t Silver, and 0.17 g/t Gold. Additionally, two gold areas were identified with samples up to 6.41 g/t and 6.0 g/t Au.

How much land has BNTRF acquired in total through recent purchases?

Through two recent purchases, Benton has acquired 10 licenses totaling 98 units (67 units in the second purchase and 31 units in the first purchase).

What is the total cost of Benton's recent property acquisitions?

The total cost includes $25,000 in cash ($10,000 + $15,000) and 500,000 common shares (300,000 + 200,000), plus two 2% NSR obligations.

Where is Benton's Dominion Project located?

The Dominion Project is located in the Tulks Volcanic Belt of the Victoria Lake Supergroup, 21 km North-Northeast of Calibre's Marathon Mine.