Benton Increases Private Placement To $2,400,000 And Files For Conditional Approval

(MENAFN- Newsfile Corp) Thunder Bay, Ontario--(Newsfile Corp. - September 23, 2025) - Benton Resources Inc . (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that due to strong investor demand it has increased its non-brokered private placement, previously announced on September 17, 2025 (the "Financing") to up to 43,636,364 $0.055 units ("Units"), for aggregate gross proceeds of up to $2.4 million. Further the Company has filed documents with the TSX Venture Exchange seeking Conditional Approval to close the Financing.

Each Unit consists of one common share of the Company and one common share purchase warrant ("Warrant"), each Warrant entitling the holder to acquire an additional common share of the Company at $0.10 for a period of 5 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.

QP

Stephen House (P.), 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.

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.

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