Benton Resources CAD 2M Private Placement

Benton Resources Inc. successfully completed a non-brokered private placement financing, raising CAD 2 million by issuing 28,571,429 units at CAD 0.07 per unit. Each unit includes one common share and one common share purchase warrant. Sprot, a significant long-term investor and the largest shareholder of Benton Resources Inc., acquired all the units through 2176423 Ontario Ltd., increasing his beneficial ownership to approximately 19.7% on a non-diluted basis and 27.6% on a fully diluted basis. The proceeds from this financing will be primarily used to advance Benton Resources Inc.'s recently acquired natural hydrogen and helium prospects in Canada — Newfoundland and Labrador, which are held on a 50/50 basis with Metals Creek Resources, and for general working capital purposes. This transaction is considered a 'related party transaction' but is exempt from formal valuation and minority shareholder approval requirements under MI 61-101.