.png)
Thunder Bay, ON, April 8, 2020 – BentonResources Inc. (‘Benton’ or ‘the Company’) (TSX-V: BEX) is pleased to announcethat it has been informed that further to its news release dated March 31,2020, Regency Gold Corp. has now completed its company name change to Clean AirMetals Inc. (“Clean Air”) pursuant to its special meeting of shareholders heldon March 31, 2020 and in accordance with the Canada Business CorporationsAct. In addition, the listing committeeof the TSX Venture Exchange has conditionally accepted Clean Air Metals’previously announced proposed reverse takeover transaction, subject to certainconditions precedent. The transactionenvisions completion of the definitive option agreement, pursuant to whichClean Air Metals will acquire from Benton the option to acquire a 100% interestin each of the Escape Lake property and the TBN property for approximately 24.6million Clean Air Metals common shares as previously described in the Company’snews release dated January 10, 2020.
AbrahamDrost, Clean Air Metals’ CEO commented “Shareholder approval for the change ofthe company’s name to Clean Air Metals Inc. is a watershed moment for thecompany. The company’s name change,combined with the recent conditional approval of the transaction by the listingcommittee of the TSX-V, creates a clear path to resumption of trading under thesymbol AIR: TSX-V.”
StephenStares, President and CEO of Benton added “We are pleased to see the team atClean Air Metals achieve these corporate and regulatory milestones and lookforward to final acceptance from the TSX Venture Exchange and the resumption oftrading. We feel the significantinvestment Benton will hold in Clean Air Metals will potentially offer Bentonshareholders great value as their team advances these exciting PGEprojects. PGE prices remain strong andClean Air Metals has composed a dynamic team to take advantage of this.”
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. Many 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 NOT REVIEWED AND DOES NOT ACCEPTRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains"forward-looking statements" within the meaning of applicablesecurities legislation. Forward-looking statements relate to information thatis based on assumptions of management, forecasts of future results, andestimates of amounts not yet determinable. Any statements that expresspredictions, expectations, beliefs, plans, projections, objectives, assumptionsor future events or performance are not statements of historical fact and maybe "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'sprospects, properties and business detailed elsewhere in the Company's disclosurerecord. Should one or more of these risks and uncertainties materialize, orshould underlying assumptions prove incorrect, actual results may varymaterially from those described in forward-looking statements. Investors arecautioned against attributing undue certainty to forward-looking statements.These forward looking statements are made as of the date hereof and the Companydoes not assume any obligation to update or revise them to reflect new eventsor circumstances. Actual events or results could differ materially from theCompany's expectations or projections.