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Thunder Bay ON, May 21, 2020 – Benton Resources Inc. (‘Benton’ or ‘the Company’) (TSX-V: BEX) is pleased to announce that the Company has been advised that Clean Air Metals Inc. (“Clean Air”) (formerly Regency Gold Corp.) received final approval from the TSX Venture Exchange in respect of its previously announced reverse takeover transaction, which was completed on May 14, 2020, and its application for listing its common shares on the TSX-V.
The finalexchange bulletin of the TSX-V in respect of the transaction was published onMay 20, 2020. Trading in the common shares of Clean Air will resume effectiveat the open on May 22, 2020, underthe symbol "AIR", and Clean Air will be listed as a Tier 2 miningissuer (as such term is defined in the policies of the TSX-V).
As previouslydisclosed in the Company’s press release dated May 15, 2020, Benton currentlyholds 24,615,884 common shares of Clean Air as well as a 0.5% net smelterreturn royalty from production on the Escape Lake Property and a 0.5% netsmelter return royalty from production on any mineral claims comprising the TBNProject over which a net smelter royalty has not previously been granted.
On behalf of the Board of Directors of BentonResources Inc.,
"Stephen Stares"
StephenStares, President
About Benton Resources Inc.
BentonResources is a well-funded Canadian-based project generator with a diversifiedproperty portfolio in Gold, Silver, Nickel, Copper, and Platinum groupelements. Benton holds multiple high-grade projects available for option whichcan be viewed on the Company's website. Most projects have an up-to-date 43-101Report available.
Partiesinterested in seeking more information about properties available for optioncan contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares,President & CEO
Phone: 807-475-7474
Email: sstares@bentonresources.ca
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
THE TSX VENTURE EXCHANGE HAS NOTREVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OFTHIS RELEASE.
The informationcontained herein contains "forward-looking statements" within themeaning of applicable securities legislation. Forward-looking statements relateto information that is based on assumptions of management, forecasts of futureresults, and estimates of amounts not yet determinable. Any statements thatexpress predictions, expectations, beliefs, plans, projections, objectives,assumptions or future events or performance are not statements of historicalfact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risksand uncertainties which could cause actual events or results to differ fromthose reflected in the forward-looking statements, including, withoutlimitation: risks related to failure to obtain adequate financing on a timelybasis and on acceptable terms; risks related to the outcome of legalproceedings; political and regulatory risks associated with mining andexploration; risks related to the maintenance of stock exchange listings; risksrelated to environmental regulation and liability; the potential for delays inexploration or development activities or the completion of feasibility studies;the uncertainty of profitability; risks and uncertainties relating to theinterpretation of drill results, the geology, grade and continuity of mineraldeposits; risks related to the inherent uncertainty of production and costestimates and the potential for unexpected costs and expenses; results ofprefeasibility and feasibility studies, and the possibility that futureexploration, development or mining results will not be consistent with theCompany's expectations; risks related to gold price and other commodity pricefluctuations; 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 shouldunderlying assumptions prove incorrect, actual results may vary materially fromthose described in forward-looking statements. Investors are cautioned againstattributing undue certainty to forward-looking statements. These forwardlooking statements are made as of the date hereof and the Company does notassume any obligation to update or revise them to reflect new events orcircumstances. Actual events or results could differ materially from theCompany's expectations or projections.