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Thunder Bay, ON, March 31, 2020 – BentonResources Inc. (‘Benton’ or ‘the Company’) (TSX-V: BEX) is pleased to announcethat it has acquired a 100% interest in a project covering the Hele Intrusivecomplex in Northwestern Ontario, Canada, by staking 4 multi-cell mining claims totaling1462 hectares. The new claims cover historicaldrill holes and geological mapping which identified a Midcontinent Rift-style(‘MCR’) intrusive complex as is located approximately 30km northeast of the TBNand Escape Lake PGE deposits. The Heleintrusion is a zoned, picritic intrusion of peridotite and olivine-gabbro whichare two lithologies analogous with PGE deposits associated with the MCR, including the high grade TBN and Escape Lake deposits whichBenton has optioned to Regency Gold Corp. (TSX-V:RAU)(“Regency”). Regency is now being led by mining executives AbrahamDrost (CEO) and Jim Gallagher (Executive Chairman), the latter being the formerCEO of North American Palladium which recently sold to Impala Platinum for C$1Billion. Upon trading resumption, Bentonwill hold 24.6M shares of Regency. Regency has announced it will change itsName to Clean Air Metals Inc and will trade under the symbol TSX-V:AIRupon TSX approval which Regency believes will happen within the comingweeks. Regency has also closed a $15.0 million financing which includes $2,000,000from Eric Sprott representing 10,000,000 Unit Shares and 5,000,000 Warrants,representing 7.99% of the issued and outstanding common shares of Regency on anon-diluted basis and 11.53% of the issued and outstanding common shares of Regencyon a partially-diluted basis, assuming the exercise of Mr. Sprott’s Warrants. (SeeRegency PR Feb 11, 2020). Benton looksforward to Regency resuming active trading as well as the execution of theirteam’s strategy to advance the Thunder Bay North and Escape Lake deposits.
ThunderBay North (TBN) Property includes high-grade intercepts of 46.65m @ 10.1g/tPlatinum+Palladium+Gold (5.267g/t Pt + 4.555g/t Pd + 0.324g/t Au) with 1.62%Copper+Nickel (1.154% Cu + 0.465% Ni), incl. 13.0 m @ 33.2 g/t Pt+Pd+Au(17.305g/t Pt + 14.817g/t Pd + 1.061g/t Au) and 4.91% Cu+Ni (3.755% Cu +1.308g/t Ni), incl. a spectacular intercept of 2.6 m @ 97.9 g/t Pt+Pd+Au(52.769g/t Pt + 41.538g/t Pd + 3.630g/t Au) and 14.9% Cu+Ni (11.599% Cu+ 3.289% Ni) in drill hole BL 10-197. Drilling highlights on the 220 hectare Escape Lake Property include121.6 m @ 2.49 g/t Pt+Pd+Au (1.04g/t Pt + 1.37g/tPd + 0.07g/t Au) and 0.86% Cu+Ni (0.52% Cu + 0.34% Ni), incl. 33.4 m of 7.28 g/tPt+Pd+Au (3.01g/t Pt + 4.08g/t Pd + 0.19g/t Au) and 2.26% Cu+Ni(1.49% Cu + 0.77% Ni) in drill hole 12CL0009, and 162 m@ 1.42 g/t Pt+Pd+Au (0.61g/tPt + 0.76g/t Pd + 0.06g/t Au) and 0.47%Cu+Ni (0.28% Cu + 0.19%Ni),incl. 40.67 m 4.5 g/t Pt+Pd+Au (1.92g/t Pt + 2.48g/t Pd + 0.18g/t Au) and1.26% Cu+Ni (0.89% Cu + 0.36% Ni) in drill hole 11CL0005.
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NathanSims (P.Geo.), Senior Exploration Manager for Benton Resources Inc., the ‘QualifiedPerson’ under National Instrument 43-101, has approved the scientific andtechnical disclosure in this news release and prepared or supervised itspreparation.
On behalf of the Board of Directors of BentonResources Inc.,
"Stephen Stares"
Stephen Stares, President
About Benton Resources Inc.
Benton Resources is a well-funded Canadian-based project generator with a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum group elements. Benton holds multiple high-grade projects available for option which can be viewed on the Company's website. Many projects have an up-to-date 43-101 Report available. 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: 807-475-7474
Email: sstares@bentonresources.ca
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITYFOR 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 ofrisks and uncertainties which could cause actual events or results to differfrom those 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'sdisclosure record. Should one or more of these risks and uncertaintiesmaterialize, or should underlying assumptions prove incorrect, actual resultsmay vary materially from those described in forward-looking statements.Investors are cautioned against attributing undue certainty to forward-lookingstatements. These forward looking statements are made as of the date hereof andthe Company does not assume any obligation to update or revise them to reflectnew events or circumstances. Actual events or results could differ materiallyfrom the Company's expectations or projections.