Benton samples up to 31.35 g/t Au at Great Burnt

Executive Summary

• Benton Resources reported exceptionally high‑grade surface gold assays up to 31.35 g/t Au, indicating a northward extension of the Great Burnt mineralized zone with a minimum strike length >280 m.
• The company announced the final tranche of its 5.5‑cent unit private placement, issuing 2,627,272 units for gross proceeds of $1,980,011, to fund Newfoundland projects and working capital.
• Immediate follow‑up work (prospecting, soil sampling, trenching) is planned, and additional high‑priority drill targets will be tested in the current campaign.

Key Details

• Surface Sampling Results – Bedrock samples returned Au grades of 31.35 g/t, 4.57 g/t, 2.56 g/t and 1.19 g/t.
• Historical Drill Intersections (Sept 10 2025 release) – Hole GB‑25‑63: 5.46 g/t Au & 0.35 % Cu over 2.75 m; 2.16 g/t Au & 1.09 % Cu over 3.00 m. Hole GB‑25‑59: 2.15 g/t Au & 1.09 % Cu over 3.00 m.
• Zone Extent – Combined drilling and surface sampling define a minimum strike length of >280 m, open to the north.
• Geology – Silicified mafic volcanic unit with breccia, pyrrhotite and chalcopyrite; mineralization up to 5 m wide.
• Planned Exploration – Immediate follow‑up: additional prospecting northward, soil sampling, trenching; testing of several high‑priority drill targets in the current campaign.
• South Pond Program – Ongoing drilling aims to connect >2.7 km of gold mineralization, open both north and south.
• Assay Protocols – Samples sent to Eastern Analytical Ltd.; fire assay + ICP‑34 method; QA/QC includes standards, blanks, duplicates; all assays uncut.

Financing Details

• Transaction: 5.5‑cent unit private placement (final tranche).
• Units Issued: 2,627,272 units (each = 1 common share + 1 warrant).
• Warrant Terms: Exercise price $0.10 per share; exercisable for five years from issue date.
• Aggregate Gross Proceeds: $1,980,011 (subject to final TSX Venture Exchange approval).
• Use of Proceeds: Advance Newfoundland projects and general working capital.
• Holding Period: Securities subject to a four‑month hold from issuance.

Notable Quotes

(No direct CEO/President quotes were provided in the release.)