Benton Resources Inc. announced a best efforts private placement basis, up to 21,820,000 flow-through units at an issue price of CAD 0.165 per unit for the gross proceeds of CAD 3,600,300 on July 17, 2024. Each Flow-Through Unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder to acquire one common share at a price per Warrant Share of CAD 0.250 for a period of 24 months from the Closing Date.

The Offering is expected to close on or about August 8, 2024 and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange (?TSXV?) and the applicable securities regulatory authorities. The Offering is being made by way of private placement in Canada. The securities issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing date of the Offering.

The Offering is subject to final acceptance of the TSXV. In consideration for its services, the Company has agreed to pay the Agents a cash commission equal to 7.0% of the gross proceeds from the Offering and that number of non-transferable compensation options as is equal to 7.0% of the aggregate number of Flow-Through Units issued under the Offering. Each Compensation Option is exercisable to acquire one common share of the Company at a price per such common share that is equal to CAD 0.165 for a period of 24 months from the closing date of the Offering.