Benton Resources Corp.
TSX VENTURE : BTC

Benton Resources Corp.

October 09, 2009 13:17 ET

Benton Resources Sells 5 million Coro Mining Warrants for $350,000

THUNDER BAY, ONTARIO--(Marketwire - Oct. 9, 2009) - Benton Resources Corp (TSX VENTURE:BTC)("Benton" or "the Company") is pleased to announce that it has agreed to sell 5 million of its Coro Mining Corp. ("Coro") warrants to an arms length party at a price of $0.07/warrant for gross proceeds of $350,000. As previously announced in the Company's press release dated January 26, 2009, the company acquired 27,272,727 units (approximately 34% of the issued and outstanding shares) of Coro for $3million CAD (or $0.11/unit) with each unit consisting of one common share of Coro and one common share purchase warrant, each warrant entitling the holder to acquire a common share of Coro for $0.18 for the first year from the date of closing and $0.20 thereafter until expiry. After the sale of the warrants is completed, Benton will still retain 22,272,727 warrants of Coro along with the 27,272,727 common shares.

Stephen Stares, Company President and CEO commented, "Benton is thrilled to have the involvement of another major shareholder in Coro Mining and to share the same positive perspective on the quality of both Coro's projects and their management team. We are also pleased to receive additional funds for our treasury at no dilution to our shareholders while still retaining our significant position in Coro".

Benton is a Canadian based junior with multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements. The Company currently has approximately $15.3 million in cash, owns a 34.3% interest in Coro Mining Corp (TSX.COP), holds an approximate 5% interest in Marathon PGM Corp (TSX.MAR) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit.

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, President

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.

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