News Release March 14, 2008
Benton Resources Corp. (BTC) Acquires and Joint
Ventures new Ni-Cu-Co property
Thunder Bay, Ontario: Benton Resources Corp. ("Benton" or
the "Company") is pleased to report that the Company has entered into
an option agreement to acquire 70% of the Portage Lake Nickel-Copper-Cobalt
(Ni-Cu-Co) property located in Central Newfoundland.� The property consists of seven unpatented
mining licenses totaling 593 units. The project is Joint Ventured with Golden
Dory Resources (GDR) which has an option to acquire the remaining 30% interest
and which will be funding 30% of exploration costs. To earn its 70% interest Benton will make payments
totaling $87,000 in cash and issue to the vendors 136,000 shares over 3 years.
The property is also subject to a 2% NSR payable to the vendors of which Benton
and GDR can buy back 1% for 1 million dollars. The property is host to several
newly discovered Cu-Ni-Co showings that lie within a large mafic
intrusion which has been recently identified and mapped by the Newfoundland government.
Benton believes
the property geology is highly favourable for
nickel-copper mineralization and is currently organizing an airborne survey to
look for conductive bodies within the large intrusion.� The ground work will follow as soon as
weather permits to delineate diamond drill targets.
The Company also announces that it has agreed to grant
2,000,000 incentive stock options to directors, employees and consultants of
the Company, exercisable at a price of $0.70 per share for a period of five
years from the date of grant.
Clinton Barr (P.Geo.), V.P.
Exploration for Benton Resources Corp., is the qualified person responsible for
this release.
On behalf of the Board of Directors of
Benton Resources Corp.
"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.� Forward-looking statements in this release
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties.
For further information contact Stephen Stares @
3290
Willard Ave
Thunder
Bay, Ont.
P7E 6J7
Phone (807)475-7474
Fax (807)475-7200
www.bentonresources.ca
Investor relations:
In Canada:
First Canadian Capital
Daniel Boase
Phone (416) 742 5600
Fax (416) 742 6410
In U.S.A:
The Windward Agency
Kelly Boatright
Phone (704) 588 8600
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