August 28, 2009: Benton Resources Corp (BTC: TSX.V, "Benton" or ("the Company") is pleased to announce that it has closed its non-brokered financing announced August 12, 14 and 18, 2009 for $2,800,000 in flow-through shares issued at a price of $0.50 per flow-through share.
The securities issued under this private placement are subject to a four month hold period from the closing date.
A cash finders' fee equal to 6% of the gross proceeds raised in the financing was paid by the Company. As additional consideration, the finders were issued finders' warrants exercisable for a total of 336,000 common shares at an exercise price of $0.50 for a period of 18 months from closing.
The proceeds of the Offering will be used for upcoming diamond drill programs on the Company's Copper Hill Block A and Saganaga gold properties.
The Company also announces that Stillwater Mining Company has elected to terminate its option on the Company's Goodchild and Goodchild South property.
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 @:
611 Montreal Street
Thunder Bay, ON P7E 3P2
Phone (807)475-7474
Fax (807)475-7200
www.bentonresources.com
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