Benton Resources Inc. Receives Cash Payments for Cape Ray and Providence Agreements
Thunder Bay, April 17, 2018 - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has received two cash payments from its recently announced agreements that include AUD$90,000 for the second payment of the Providence Copper-Nickel-PGE property option (see Benton PR dated March 3, 2018) from Matador Capital Pty Ltd. and an advance payment of AUD$50,000 from Matador Mining Ltd. ("Matador") of Western Australia towards the sale of the Company's Cape Ray project in Newfoundland for AUD$5.25 million in cash and shares. (see Benton PR dated March 26, 2018) Stephen Stares, Company President and CEO stated, "We are very pleased to have unlocked shareholder value with these transactions through our project generation model at no dilution to the Company and its shareholders. We look forward to the completion of the Cape Ray disposition in the upcoming weeks and the Providence transaction within the next 6 months."
About Benton Resources Inc. (TSXV: BEX)
Benton Resources Inc. 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 gold and Base Metal projects available for option which can be viewed on the Company's website. Most projects have an up to date NI 43-101 report available. Interested parties can contact Stephen Stares from the contact below
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; 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 should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections
For further information contact Stephen Stares @:
684 Squier Street,
Thunder Bay, ON
P7B 4A8
Phone (807)475-7474
Cell (807)474-9020
Fax (807)475-7200
www.bentonresources.ca
sstares@bentonresources.ca
