Metals Creek and Benton Announce Approval of Property Acquisitions

Metals Creek Resources Corp. and Benton Resources Inc. have received approval from the TSX Venture Exchange for their joint acquisition of 50 claim units in the Deer Lake Basin and Parsons Pond areas from G2B Gold. The transaction establishes a 50/50 ownership split between the two non-arm's length companies. Consideration for the deal includes the issuance of 120,000 common shares of Metals Creek and 82,500 common shares of Benton to G2B, alongside a retained 2% Net Smelter Royalty (NSR). The companies hold an option to purchase half of the NSR, reducing it to 1%, for $1 million at any time. This approval finalizes the land assembly phase for their early-stage natural white hydrogen and helium exploration projects in Newfoundland.

Metals Creek Resources Corp. (MEK) received approval from the TSXV for a previously announced transaction, a routine regulatory milestone that served as an expected condition precedent outlined in earlier releases. The acquisition expands the land package for the company’s Smoking Gun and Parson’s Pond hydrogen/helium projects, validating management's strategy to secure prospective sedimentary basins with historical gas anomalies.

The financial impact of the deal is minimal. While the share issuance is dilutive, it is immaterial relative to the approximately 239 million share count, and the $1 million NSR buydown option is discretionary. The announcement does not alter the company's exploration timeline, financial position, or risk profile, representing an incremental step in land consolidation rather than a discovery or financing event.

Metals Creek Resources Corp. (TSXV: MEK) is a junior exploration company focused on gold and emerging natural hydrogen and helium assets in Canada. Its flagship asset is the Ogden Gold Project, a 50% interest where the company serves as operator, located in Timmins, Ontario. Situated on the Porcupine-Destor Fault with an 8km strike length, recent drilling in the Thomas Ogden Zone has returned high-grade gold intercepts, including 115.51 g/t Au over 9.85m and 2,050 g/t Au over 0.50m.

The company also holds Newfoundland Hydrogen/Helium Projects jointly with Benton Resources, including the Smoking Gun and Parson's Pond properties. Early-stage soil gas sampling has identified hydrogen up to 900 ppm and helium up to 7.7 ppm, alongside historical methane readings up to 72%.

Other assets include the Yellow Fox REE property, which has been optioned to Lomiko Metals, and the Flint North Project in Ontario. The Tillex Copper Project was sold to Aruma Resources in early 2026.