News Release -
February 12, 2008
Benton and
Pacific North West to jointly explore Swayze Greenstone Belt
Thunder Bay,
Ontario: Benton Resources Corp. (TSX.V : BTC) ("Benton") and Pacific
North West Capital Corp. ("PFN") (TSX: PFN) and are pleased to report
that they have entered into a Joint Venture (JV) agreement to undertake
exploration on the Swayze Nickel Project. The Swayze Joint Venture Project is
situated in the Swayze Greenstone Belt, approximately 100km south-west of
Timmins, Ontario and incorporates some fifty townships.� The Swayze Greenstone Belt represents the
western extension of the Abitibi Greenstone Belt, which is the host to numerous
ultramafic-hosted Ni deposits including the producing
Redstone Mine (Liberty) south of Timmins as well as the newly discovered Golden
Chalice Occurrence.
The Swayze Joint
Venture Project was initiated by both companies to include each of their
property holdings within the project area.�
These holdings will continue to grow through the staking and optioning
of selected properties that have the potential to host nickel, copper, and PGM
mineralization within the belt.�
Exploration programs will be designed to identify and test priority
areas within the project boundaries.� The
Swayze is underlain in several areas by ultramafic
flows and intrusions, some of which host historical nickel showings including
the Joint Ventures' Tooms Showing which has
historically reported 2.5% Ni over 1.6m within a drill intersection of 0.63% Ni
over 7.3 metres.
Benton Resources
and Pacific North West Capital have entered into a 50% - 50% Joint Venture
Agreement whereby both Companies agree to bear all expenditures and participate
in a single purpose unincorporated Joint Venture for the purpose of carrying
out all mineral exploration for a three year period,
totaling a minimum of $1,200,000.
Benton will act
as Operator for the project and will be responsible for carrying out all
exploration activities.
About Benton
Resources Corp:
Benton Resources
Corp. is a mineral exploration company listed on the TSX Venture Exchange under
the symbol BTC.� Benton's aggressive and
experienced management team is focused on base and precious group metal
exploration. The Company's diverse property portfolio includes Canadian
projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper.�
The Company currently has approximately $20 million in working capital.
About Pacific
North West Capital Corp:
Pacific North
West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration
company focused on Platinum Group Metals (PGMs) and Base Metals.� Management's corporate philosophy is to be
Project Generator, Explorer and Project Operator with the objective of
option/joint venturing projects with major mining companies through to
production. To that end, Pacific North West Capital's current option/joint
ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata
Nickel and SOQUEM.� The company has
approximately $9 million in working capital and securities with no debt.
�
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.
For further
information contact Stephen Stares
3290 Willard
Ave���������
Thunder Bay,
Ontario, P7E 6J7
Phone (807)
475-7474
Fax (807)
475-7200
www.bentonresources.ca
Investor
relations:
First
Canadian Capital Corp.
Daniel Boase
Phone (416) 742
5600
Toll Free:
1-866-580-8891
In U.S.A:
The Windward
Agency
Kelly Boatright
Phone (704) 588
8600