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Benton has multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements. The Company currently has approximately $13.2 million in cash, owns approximately 57.9 million shares of Coro Mining Corp... And
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AGORACOM Wire - Wednesday February 15th, 2012

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Message: Benton Sells 100% Interest in Rex Lake Property to Puget

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Benton Sells 100% Interest in Rex Lake Property to Puget

posted on Feb 18, 10 09:46AM

Thunder Bay, ON: Benton Resources Corp. (TSXV:BTC) ("Benton") announced today that it has completed an agreement with Puget Ventures Inc (TSXV:PVS) ("Puget") to sell an undivided 100% interest in eight claims in the Rex Lake area which form part of Puget's flagship Werner Lake cobalt project, in North Western Ontario. Puget previously held an option to earn a 60% interest from Benton in the Rex Lake claims.

The Rex Lake claims host a known zone of copper-silver mineralization which has returned drill intercepts of 23.9m (metres) grading 1.02% Cu and 15.1gpt (gram per tonne) combined precious metal (interpreted as silver by Eastern Smelting and Mining, 1956) and 1.17% Cu and 9.5gpt Ag over 29.5m (Falconbridge, 1980) in historic shallow drilling. More recent drilling and surface work has indicated the presence of ultramafic-hosted Copper-Nickel mineralization on the property over widths in excess of 20 metres.

Puget will complete the purchase of a 100% interest in the Rex Lake claims by making a single $30,000 cash payment to Benton and issuing to Benton 1.55 million shares of Puget within 5 days of TSXV approval of the transaction. A 1% NSR will also be reserved to Benton on the Rex Lake claims and on any claims subsequently acquired by Puget within a 2.0 kilometre area of influence of the Rex Lake claims.

Puget is currently conducting a 4,000 metre diamond drill program targeting extensions to its 100% owned Werner Lake historic cobalt deposit With today's acquisition Puget now has 100% ownership of all lands in a 60 kilometre length of the Werner Lake Greenstone Belt, save the tailings from the former Gordon Lake Mine. The greenstone belt is host to six known zones of Cobalt-Copper, Nickel-Copper and Cobalt mineralization and includes two past producing mines.

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 @:

3250 Arthur St. West, RR #2

Thunder Bay, ON P7C 4V1

Phone (807)475-7474

Fax (807)475-7200

www.bentonresources.com

Investor Relations

Clair Calvert: @204-799-2086

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