Benton Resources Corp ("Benton") Receives Resource Estimates from its Joint Venture Partner on the BCF property



    THUNDER BAY, ON, Oct. 10 /CNW/ - Benton Resources Corporation ("Benton"
or the "Company") is pleased to report that its partner Marathon PGM
Corporation (Marathon) has provided a resource estimate on the BCF property
which adjoins and forms the northern extension of the Marathon Copper and PGM
deposit located near Marathon, Ontario.
    The resource estimates for the BCF property as quoted from Marathon's
(MAR-TSX) press release dated October 9th, 2008 are as follows:


    
    Table 3. Resource Estimate for Benton Resources Corp. JV @ $6.63/tonne
    -------------------------------------------------------------------------
    NSR Cut-Off
    -----------

    -------------------------------------------------------------------------
             P&E Oct 2008 Resource,  All Zones within Pit Shell
    -------------------------------------------------------------------------
    Category     Tonnes      Pd      Pt        Au       Cu     Ag       Rh
               millions     g/t     g/t       g/t        %    g/t      g/t
    -------------------------------------------------------------------------
    Measured        3.8    0.94    0.28      0.11     0.29    2.3    0.004
    -------------------------------------------------------------------------
    Indicated       0.8    0.56    0.20      0.07     0.20    1.6    0.004
    -------------------------------------------------------------------------
    Measured +
     Indicated      4.6    0.87    0.27      0.10     0.28    2.2    0.004
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Inferred       0.02    0.56    0.19      0.07     0.17    1.7    0.003
    -------------------------------------------------------------------------

    ---------------------------------------------------------------
                               Contained Metal
    ---------------------------------------------------------------
    Category      Pd oz   Pt oz   Au oz     Cu lb    Ag oz  Rh oz
                   (000)   (000)   (000)  million     (000)  (000)
    ---------------------------------------------------------------
    Measured        115      34      13        24      281    0.5
    ---------------------------------------------------------------
    Indicated        14       5       2         4       41    0.1
    ---------------------------------------------------------------
    Measured +
     Indicated      129      39      15        28      322    0.6
    ---------------------------------------------------------------

    ---------------------------------------------------------------
    Inferred        0.4     0.1     0.1       0.1      1.1   0.01
    ---------------------------------------------------------------

    The global resources are the resources not constrained by the pit shell.
They include the in pit resources as well those outside it. More favourable
economic conditions can result in some of this material now not in the pit
shell being included as economic conditions change for the better. This can
occur when capital costs are paid back and operating cost are reduced or metal
prices increase.


    Table 4. Global Resource Estimate for Marathon Project and Benton
    -----------------------------------------------------------------
    Resources Corp. JV above $13.50/tonne NSR Cut-Off
    -------------------------------------------------

    -------------------------------------------------------------------------
             P&E Oct 2008 Resource,  All Zones without Pit Shell
    -------------------------------------------------------------------------
    Category     Tonnes      Pd      Pt        Au       Cu     Ag       Rh
               millions     g/t     g/t       g/t        %    g/t      g/t
    -------------------------------------------------------------------------
    Measured       72.2    0.82    0.24      0.09     0.30    1.8    0.006
    -------------------------------------------------------------------------
    Indicated      32.8    0.75    0.27      0.08     0.22    1.7    0.008
    -------------------------------------------------------------------------
    Measured +
     Indicated    105.0    0.80    0.25      0.09     0.28    1.8    0.006
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Inferred        5.1    0.55    0.21      0.08     0.21    2.1    0.006
    -------------------------------------------------------------------------

    ---------------------------------------------------------------
                               Contained Metal
    ---------------------------------------------------------------
    Category      Pd oz   Pt oz   Au oz     Cu lb    Ag oz  Rh oz
                   (000)   (000)   (000)  million     (000)  (000)
    ---------------------------------------------------------------
    Measured      1,903     557     209       478    4,178     14
    ---------------------------------------------------------------
    Indicated       791     285      84       159    1,793      8
    ---------------------------------------------------------------
    Measured +
     Indicated    2,694     842     293       637    5,971     22
    ---------------------------------------------------------------

    ---------------------------------------------------------------
    Inferred         90      34      13        24      344      1
    ---------------------------------------------------------------


    Table 5. Global Resource Estimate for Marathon Project and Benton
    -----------------------------------------------------------------
    Resources Corp. JV between $6.63 & $13.50/tonne NSR Cut-Off
    -----------------------------------------------------------

    -------------------------------------------------------------------------
             P&E Oct 2008 Resource,  All Zones without Pit Shell
    -------------------------------------------------------------------------
    Category     Tonnes      Pd      Pt        Au       Cu     Ag       Rh
               millions     g/t     g/t       g/t        %    g/t      g/t
    -------------------------------------------------------------------------
    Measured        7.9    0.28    0.11      0.05     0.15    1.7    0.003
    -------------------------------------------------------------------------
    Indicated      12.6    0.31    0.14      0.05     0.13    1.4    0.004
    -------------------------------------------------------------------------
    Measured +
     Indicated     20.5    0.30    0.13      0.05     0.14    1.5    0.003
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Inferred        3.4    0.30    0.11      0.05     0.14    1.7    0.003
    -------------------------------------------------------------------------

    ---------------------------------------------------------------
                               Contained Metal
    ---------------------------------------------------------------
    Category      Pd oz   Pt oz   Au oz     Cu lb    Ag oz  Rh oz
                   (000)   (000)   (000)  million     (000)  (000)
    ---------------------------------------------------------------
    Measured         71      28      13        26      432      1
    ---------------------------------------------------------------
    Indicated       126      57      20        36      567      2
    ---------------------------------------------------------------
    Measured +
     Indicated      197      85      33        62      999      3
    ---------------------------------------------------------------

    ---------------------------------------------------------------
    Inferred         33      12       5        10      186    0.3
    ---------------------------------------------------------------

    1. Mineral resources which are not mineral reserves do not have
       demonstrated economic viability. The estimate of mineral resources may
       be materially affected by environmental, permitting, legal title,
       taxation, socio-political, marketing, or other relevant issues.

    2. The quantity and grade of reported inferred resources in this
       estimation are conceptual in nature and there has been insufficient
       exploration to define these inferred resources as an indicated or
       measured mineral resource and it is uncertain if further exploration
       will result in upgrading them to an indicated or measured mineral
       resource category.

    Agreement Terms of the BCF Property
    -----------------------------------
    
    Under the terms of the OJVA, Benton will grant Marathon the option (the
"Option") to earn a 60% participating interest in the BCF Property by (i)
issuing Benton 120,000 common shares of Marathon on signing of the OJVA,
subject to regulatory approval (ii) completing Work Expenditures on the BCF
Property of $1.5 million per year during the first four Option years of the
OJVA and an additional $2 million on or before the fifth anniversary and (iii)
making cash payments of $500,000 per year on or before the anniversary date of
the OJVA for the first three years (for a total $1.5 million). During the term
of the Option (the "earn-in period"), all work will be supervised and carried
out by Marathon. After Marathon has issued the 120,000 shares, made the $1.5
million cash payments and spent the $8 million, Marathon will have earned a
60% in the BCF Property and the JV will be formed with Marathon having a 60%
interest and Benton a 40% interest.
    During the earn in period Marathon may mine up to 200 metres north of its
property into the BCF Property. If Marathon does mine any part of the BCF
Property prior to formation of the JV, Marathon will (i) pay all costs, (ii)
pay all underlying royalties owing on the BCF Property, (iii) pay an
additional 2% NSR royalty to Benton and receive all revenue.
    After the JV is formed Marathon will be operator of the JV and it is
agreed that any project ore that is discovered on the BCF Property would be
mined and processed by Marathon at its facilities. Under the JV, Marathon will
charge the J.V for all direct, indirect and overhead costs including a pro
rata charge to recover its capital costs as well as a 4% management fee.

    
    About Benton Resources Corp:
    ----------------------------
    
    Benton Resources Corp. (the "Company") 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, platinum, palladium, nickel
and copper. Benton currently has several significant carried Joint Ventures
with companies such as Teck Cominco Limited, Stillwater Mining and Marathon
PGM Corporation. Benton is currently trading under its cash value with a
market capitalization of approximately $12 million and $18.5 million cash in
working capital.

    
    Cautionary Statement Regarding Forward Looking Information:
    -----------------------------------------------------------
    
    Except for statements of historical fact relating to the Company, certain
information contained herein constitutes "forward-looking statements".
Forward-looking statements are frequently characterized by words such as
"plan," "expect," "project," "intend," "believe," "anticipate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made and are subject to a variety of
risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These risks and uncertainties include but are not limited to those
identified and reported in Management's Discussion and Analysis for the year
ended December 31, 2007. Circumstances or management's estimates or opinions
could change, and management disclaims any obligation to revise or update
forward-looking statements, whether for new information, future events or
otherwise. The reader is cautioned not to place undue reliance on
forward-looking statements."

    
    Reliance on Marathon PGM and Forward-Looking Statements
    -------------------------------------------------------
    

    The information contained in this press release is a verbatim extract of
the press release issued by Marathon PGM Corporation. Although Benton believes
the information included in the press release to be generally reliable, the
data has not been independently verified and Benton does not assume any
liability for the accuracy or completeness of such information. Furthermore,
as noted above in the verbatim extract, the press release may contain
forward-looking information within the meaning of applicable securities laws.
Such information includes the statements contained in the verbatim extract
regarding Marathon PGM's exploration and drilling plans, plans to update the
mineral resource and the estimation of mineral resources and are subject to
risks, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking information. The risks include those that are set out above in
the verbatim extract and those contained in public documents of Marathon PGM
filed on SEDAR as well as the risks set out in Benton's public documents
including its management information circular and quarterly and annual
management's discussion and analysis. There is no assurance that the
forward-looking information contained in the press release will prove to be
accurate. Accordingly, readers should not place undue reliance on the
forward-looking information.
    All of the information contained in the press release is qualified by
this cautionary statement.

    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:

For further information: Stephen Stares @ 611 Montreal Street, Thunder
Bay, ON, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200,
www.bentonresources.com; 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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