Benton Resources Inc. announced that further to its press release dated October 6, 2014, it has fully executed its final Option and Joint Venture agreement with Nordmin Engineering Ltd. to advance four of the six gold deposits towards production at the Cape Ray project located in southwest Newfoundland. The 04, 41, 51 and Windowglass Hill deposits are included in agreement while the Isle Aux Morts and Big Pond deposits will be retained 100% by Benton. Pursuant to the Agreement, Benton and Nordmin will form a joint venture pursuant to which Nordmin will earn a 50% interest in the Project through a series of expenditures and services to be provided.

Under the terms of the Agreement, Benton will form a 100% wholly owned subsidiary, and transfer 100% of Benton's property rights in the Project to SubCo B. Nordmin may then earn up to 50% of the Project held by SubCo B by completing a series of work commitments and project milestones which is well underway advancing the Project towards production.