Benton Proclaims Non-Brokered Personal Placement of Circulation-By and Non-Circulation By Models for Proceeds of as much as $1.7 Million

• Intersection of a number of new spodumene-rich pegmatite dykes throughout the 3,073 m, 18-hole, Section 2 Drill Program, together with the East Dyke with intersections, together with a 25 m-thick, spodumene-rich dyke, that carry vital grades (5.50 m at 1.16% Li₂O) inside a wider intersection of 20.82 m averaging 0.60% Li₂O from 46.00 m downhole in drill gap GH-22-15.

• A number of spodumene-bearing dykes trenched in bedrock within the follow-up of prospecting discoveries displaying lithium mineralization over a strike extent of over 2.00 km.

• A newly found cluster of spodumene-rich dykes trenched 200 m south of the East Dyke, with samples assaying as much as 1.12% Li₂O. This space is untested by drilling.

• Throughout the property, discipline prospecting knowledge embrace over 30 float and bedrock pattern occurrences with >1.00% Li₂O over a minimal 2.20 km strike-length, a lot of which require follow-up analysis. Most haven’t been drill examined so far.

• Soil geochemistry over spodumene-bearing dykes outlines mineralization and has generated a number of targets for follow-up work. Given its effectiveness, the Alliance has launched an in depth systematic soil survey for lithium at Golden Hope.

Section 2 Drilling
Outcomes reported are for 13 holes (GH-22-7 by means of 19) testing the East Dyke space. The remaining 5 holes examined float and sub crop, 500 m – 1,000 m NE of the East Dyke space. These outcomes are pending.

Golden Hope Mission – Drill Collars

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The East Dyke is a spodumene-rich dyke uncovered for >10 m (nonetheless open) with seize pattern grades of 1.93% Li₂O. Drilling has confirmed the East Dyke to be a part of a swarm of shallow-dipping dykes, together with a 25 m-thick spodumene-rich dyke, that carries vital grades (5.50 m at 1.16% Li₂O) in a a lot wider intersection of robust lithium grades together with 20.82 m at 0.60% Li₂O from 46.00 m downhole in drill gap GH-22-15. Gap GH-22-15 minimize three vital spodumene-rich dykes that stay open to depth and alongside strike. Latest prospecting outcomes embrace a 1.29% Li₂O seize pattern from what’s believed to be the westward extension of the East Dyke 100 m west of present drilling.

Golden Hope Mission 2022 Diamond Drilling – East Dyke Drill Part

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Chosen Drill Highlights for the East Dyke (full outcomes at finish of reports launch)

GH-22-8: 0.92% Li₂O over 8.37 m (3.25 m – 11.62 m), incl. 1.00% Li₂O over 5.75 m

GH-22-14: 0.63% Li₂O over 4.35 m (11.00 m – 15.35 m), incl. 1.02% Li₂O over 2 m
and 0.56% Li₂O over 10.73 m (77.00 m – 87.73 m), incl. 1.01% Li₂O over 2 m

GH-22-15: 0.60% Li₂O over 20.82 m (46.00 m – 66.82 m), incl. 1.16% Li₂O over 5.50 m,
and 0.28% Li₂O over 24.73 m (102.27 m – 127.00 m), incl. 0.88% Li₂O over 2.18 m,
and 0.64% Li₂O over 2.65 m, incl. 1.11% Li₂O over 0.88 m

(True thicknesses believed to be 90% of reported intervals)

East Dyke South Space
A newly found cluster of spodumene-rich dykes has been outlined by prospecting and trenching 200 m to the south of the East Dyke, with prospecting samples assaying 1.12% Li₂O and extra pattern outcomes pending. This newly found zone is now a high-priority drill goal.

Central Dyke Space
Holes 20, 21, and 22 have been drilled roughly 650 m to the northeast of the East Dyke space concentrating on angular floats of spodumene-bearing pegmatite with values as much as 2.15% Li₂O. Holes 20, 21, and 22 intersected pegmatite dykes with core lengths of 12.65, 7.26, and seven.16 m respectively, of what’s now often called the Central Dyke. The Alliance is inspired by this new dyke discovery, which is open in all instructions and has the potential to host high-grade Li₂O as evidenced by the float samples. This space can also be thought of a high-priority goal for additional drilling.

Northeast Dyke Space
Holes 23 and 24 have been drilled roughly 1,000 m to the northeast of the East Dyke space. The holes have been concentrating on a number of angular floats of spodumene-bearing pegmatite assaying as much as 1.30% Li₂O. Trenching resulted within the discovery of pegmatite dykes in bedrock, with spodumene in seize samples at what’s now known as the Northeast Dyke. Holes 23 and 24 intersected pegmatite dykes beneath the trenches with core lengths of 1.89 m and 1.72 m respectively. As above the Alliance is inspired by this dyke discovery, once more open in all instructions, with the potential to host high-grade Li₂O. Additional drilling is deliberate for this space.

Kraken Mission Highlights:

• First vital lithium discovery on the Island of Newfoundland in July 2021; choose seize samples returned values from hint as much as 2.37% Li₂O over a 2.2 km strike-length the invention stays open with the Alliance controlling a further 60 km of potential strike extensions. A reconnaissance drill marketing campaign in early 2022 intersected 0.94% Li₂O over 8.40 m on the Kraken Discovery Dyke.

• Second drill marketing campaign in summer season 2022 (3,073 m / 18 holes) targeted on the East Dyke space 600 m to the east of Kraken Discovery Dyke, intercepted a number of stacked dykes together with 0.60% Li₂O over 20.82 m (46.00 m – 66.82 m), incl. 1.16% Li₂O over 5.50 m, incl. 1.43% Li₂O over 2.68 m.

• The Kraken Discovery Dyke and the East Dyke are roughly 600 m aside and are large open for enlargement with a number of untested floor dyke occurrences between them, in addition to to the east, west, and north of the drill-tested showings.

• Lithium soil geochemistry over areas of spodumene-bearing dykes outlines the mineralization. Subsequent soil sampling alongside development and to the north of the identified zones has recognized a number of robust lithium in soil anomalies now prioritized for prospecting. Given its effectiveness, the Alliance has launched an in depth and systematic lithium soil survey at Golden Hope.

• The Alliance believes the in depth (~800 sq km) Golden Hope Mission has wonderful potential for added discoveries. Exploration continues to be in its infancy and the Alliance has management over a district-scale lithium play comparable in scale to the big methods within the Appalachians, together with the vital deposits held by Piedmont Lithium Inc. within the Carolinas, USA, in addition to the Avalonia Mission of Worldwide Lithium in a three way partnership with GFL Worldwide Co. Ltd., a subsidiary of Ganfeng LithiumCo. Ltd. within the Caledonides of Eire. Golden Hope lies alongside the prolific Appalachian-Caledonian Lithium Belt extending from the UK to the Japanese US.

Spodumene- (lithium) wealthy part of GH-22-15 – Kraken Lithium Prospect – Golden Hope Joint Enterprise

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Benton’s President and CEO Stephen Stares, states: “We’re more than happy with our continued success on the Kraken Lithium Prospect. That is actually a uncommon alternative to carry such a big land place with the potential to find a number of new lithium zones. We’re wanting ahead to releasing additional information as our collective exploration groups proceed to advance and proceed to be very excited concerning the potential for outlining a big lithium deposit in Newfoundland.”

Sokoman’s President and CEO Tim Froude, feedback: “The wonderful outcomes so far proceed to verify the existence of a doubtlessly giant lithium district at Golden Hope. The lately accomplished 3,200 m drill program returned a number of holes reducing quite a few dykes with a number of sections grading in extra of 1.00% Li₂O. As we speak’s outcomes evaluate properly with initiatives at superior levels of growth together with Sayona Mining Restricted (North American Lithium Mission, Quebec), and Rock Tech Lithium (Georgia Lake Mission, Ontario) that use 0.60% and 0.70% Li₂O as cutoff grades for open-pit constrained mineral sources of their PEA and PFS studies. We even have lately positioned considerably bigger dykes (>20 m in width), we proceed to find extra spodumene-bearing dykes and our lithium soil geochemical survey has already recognized a number of targets for follow-up. That is nonetheless early days at Kraken – what the mission wants is a big diamond-drill program to evaluate the distribution of the lithium-bearing dykes in addition to to check new targets. The true potential of this mission lies in entrance of us.”

Full outcomes of the drill program:

QP
This information launch has been reviewed and accredited by Timothy Froude, P.Geo., a Director of Benton Assets Inc. and President and CEO of Sokoman Minerals Corp. Mr. Froude is a ‘Certified Particular person’ beneath Nationwide Instrument 43-101.

Analytical Methods / QA/QC
Samples, together with duplicates, blanks, and requirements, have been submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for prep after which despatched to SGS Canada Inc. analytical laboratory in Burnaby, British Colombia. All core samples submitted for assay have been noticed minimize by Benton personnel with one-half submitted for assay and one-half retained for reference. Samples have been delivered in sealed luggage on to the Grand Falls-Windsor prep lab by Benton personnel or contractor. SGS Canada Inc. is an accredited assay lab that conforms to the necessities of ISO/IEC 17025. Samples are analyzed utilizing SGS’s GS_IMS91A50 methodology that delivers a 56-element package deal using sodium peroxide fusion, ICP-AES and ICP-MS analytical strategies. One clean and one industry-approved normal for each twenty samples submitted is included within the pattern stream. Random duplicates of chosen samples are analyzed along with the in-house normal and duplicate insurance policies of SGS Canada Inc. All reported assays are uncut.

All soil samples have been analyzed for lithium at Japanese Analytical in Springdale, NL. Lithium package deal consists of Lithium, Lithium Oxide, Tantalum, Niobium, and Tin. One gram of pattern is digested to dryness in three acids (Nitric, Perchloric, and Hydrofluoric). After which HCl is added and delivered to a boil on a hotplate. It’s then topped to quantity (200 ml) with distilled water and browse on the ICP-OES.

About Benton Assets Inc.

Benton Assets Inc. is a well-funded mineral exploration firm listed on the TSX Enterprise Change beneath the image BEX. Following a mission era enterprise mannequin, Benton has a diversified, highly-prospective property portfolio in Gold, Silver, Nickel, Copper, and Platinum Group Components and at present holds giant fairness positions in different mining firms which might be advancing high-quality property. At any time when attainable, BEX retains Web Smelter Return (NSR) royalties for potential long-term money circulation. In mid-2021 Benton entered into the 50/50 strategic alliance with Sokoman Minerals Corp. (TSXV: SIC) by means of three large-scale joint-venture properties together with Gray River Gold, Golden Hope, and Kepenkeck in Newfoundland that are actually being explored.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented firm with initiatives in Newfoundland and Labrador, Canada. The corporate’s major focus is its portfolio of gold initiatives: flagship, 100%-owned Moosehead and Crippleback Lake Tasks, and East Alder (optioned to Canterra Minerals Company) alongside the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys mission in northwestern Newfoundland, that’s concentrating on Dalradian-type orogenic gold mineralization much like the Curraghinalt and Cavanacaw deposits in Northern Eire, and Cononish in Scotland. The corporate has additionally entered right into a strategic alliance (the Alliance) with Benton Assets Inc. by means of three large-scale joint-venture properties together with Gray River Gold, Golden Hope and Kepenkeck on the island of Newfoundland. Sokoman now controls independently and thru the Alliance over 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of many largest landholders in Newfoundland, Canada’s latest and rapidly-emerging gold district. Sokoman additionally retains an curiosity in an early-stage antimony/gold mission (Startrek) in Newfoundland, optioned to White Steel Assets Inc., and in Labrador, the corporate has a 100% curiosity within the Iron Horse (Fe) mission that has Direct Delivery Ore (DSO) potential.

For additional info, please contact:

CHF Capital Markets
Thomas Do, Investor Relations Supervisor
Telephone: 416-868-1079 x 232
Electronic mail:thomas@chfir.com

Benton Assets Inc.
Stephen Stares, President & CEO
Telephone: 807-475-7474
Electronic mail:sstares@bentonresources.ca

Sokoman Minerals Corp.
Timothy Froude, P. Geo., President & CEO
Telephone: 709-765-1726
Electronic mail:tim@sokomanmineralscorp.com

Web site: www.bentonresources.ca, www.sokomanmineralscorp.com
Twitter: @BentonResources, @SokomanMinerals
Fb: @BentonResourcesBEX, @SokomanMinerals
LinkedIn: @BentonResources, @SokomanMinerals

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The data contained herein incorporates “forward-looking statements” inside the that means of relevant securities laws. Ahead-looking statements relate to info that’s based mostly on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that specific predictions, expectations, beliefs, plans, projections, aims, assumptions or future occasions or efficiency should not statements of historic truth and could also be “forward-looking statements.”

Ahead-looking statements are topic to a wide range of dangers and uncertainties which may trigger precise occasions or outcomes to vary from these mirrored within the forward-looking statements, together with, with out limitation: dangers associated to failure to acquire enough financing on a well timed foundation and on acceptable phrases; dangers associated to the result of authorized proceedings; political and regulatory dangers related to mining and exploration; dangers associated to the upkeep of inventory change listings; dangers associated to environmental regulation and legal responsibility; the potential for delays in exploration or growth actions or the completion of feasibility research; the uncertainty of profitability; dangers and uncertainties regarding the interpretation of drill outcomes, the geology, grade and continuity of mineral deposits; dangers associated to the inherent uncertainty of manufacturing and price estimates and the potential for sudden prices and bills; outcomes of prefeasibility and feasibility research, and the likelihood that future exploration, growth or mining outcomes is not going to be per the Alliance’s expectations; dangers associated to gold value and different commodity value fluctuations; and different dangers and uncertainties associated to the Alliance’s prospects, properties and enterprise detailed elsewhere within the Alliance’s disclosure document. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might range materially from these described in forward-looking statements. Traders are cautioned in opposition to attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance doesn’t assume any obligation to replace or revise them to mirror new occasions or circumstances. Precise occasions or outcomes may differ materially from the Alliance’s expectations or projections.

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