Announcement • Jun 24
Benton Resources Inc. and Metals Creek Resources Corp. Hire RudyWillick to Complete Hydrogen-Helium Gas Sampling At Smoking Gun and Parson's Pond in Newfoundland Benton Resources Inc. and Metals Creek Resources Corp. have hired RudyWillick of Rudiger Re-Chem from Neuanlage, Saskatchewan to complete two large regional scale Soil Gas Sampling programs at Parson's Pond and Smoking Gun Hydrogen-Helium projects. The soil sampling program will commence in mid- to late July and is expected to take 2 to 3 weeks to finalize the field portion of the service. After all samples are collected, Rudiger Re-Chem will analyze all sample vials for Hydrogen, Helium, Neon, CO2, and C1-C4 Hydrocarbons. All final data and a summary report will be supplied to the Companies. The Smoking Gun Project contains the Mills No.1 drill hole in the Southwest in addition to the Claybar No. 3 drill hole to the NE. Recent research from historical data has revealed highly anomalous helium with values up to 8,900 parts per billion (ppb) in water collected from a historic drill hole (79-67). This hole is located approximately 11.8 km from a drill hole (Mills No. 1) that encountered high pressure gas that flowed for a minimum of 12 months in a basin prospective for uranium-thorium. Several mentions of gas are noted in Claybar No. 3, located 32 km to the NE of drill hole 79-67. Hole 79-67 is located 11.8 km northeast of hole Mills No.1, which produced high pressure gas. With the presence of high-pressure gas in hole Mills No. 1 and highly anomalous helium from water samples in Hole 79-67, this potentially indicates an expansive system with favorable geological conditions for the generation and entrapment of gas. At Parson's Pond, the Companies' large land position covers a favourable large basin, where research confirmed the presence of gas in several historical drill logs located 14.2 km apart. Significant gas hits observed C1 methane gas levels reaching 72%. The area is underlain by thrust-faulted rocks of the Humber Arm Supergroup. Drill logs indicate unique sedimentary units composed of shales along with sandstones, containing fragments of serpentine and chrome. Of particular interest is the presence of the mineral glauconite, which, combined with these geological indicators, suggests a highly prospective environment for white hydrogen (natural hydrogen) to form within the basin. The presence of such high concentrations of methane alongside hydrogen indicators suggests a potentially active gas system within the basin. In addition, surface areas have been noted to vent gas within the project boundaries. The Companies hired Neil Pendock to conduct early target identification using hyperspectral satellite imagery identifying hot spots for testing Hydrogen and Helium. A detailed evaluation of the Seamus and Finnigan wells show potential leakage of both gases near the historical well heads. An integrated re-evaluation of advanced satellite imagery and legacy drill data has confirmed highly anomalous concentrations of natural "white" hydrogen (H2) and helium (He) across the Parson's Pond area of western Newfoundland. The target identification program utilizes high-resolution Sentinel-2 spectral endmember mapping calibrated against legacy physical assets, notably the Seamus #1 and Finnegan #1 wells. Seamus #1 Well: Originally drilled as a deviated wildcat to 3,160 meters, historical logs confirm this stratigraphic test intersected a highly active gas plumbing system. Modern geochemical processing shows that Seamus is highly anomalous in H2, CO2, and CH4. The hydrogen signature at Seamus is particularly intense, soaring over ten times higher than regional background levels. Finnegan #1 Well: Located within the same thrust-faulted complex, Finnegan exhibits a distinct, high-value noble gas and clean energy profile, measuring highly anomalous in He and H2. Finnegan's hydrogen concentrations exceed background baselines by more than threefold, paired with a distinct helium signature that suggests deep-seated basement fault connectivity. The structural architecture of the Parson's Pond area-where allochthonous sedimentary sequences are thrust over deep carbonate platforms-serves as the ideal geological engine for generating natural hydrogen through serpentinization. Simultaneously, deep conduit faults are successfully tapping into the Precambrian basement to channel helium toward the surface. The geochemical survey program begins with the preparation of sample vials and replacing the septa in the probes. The vials are evacuated to an absolute pressure of 20 pascals so that a sample extracted by a syringe is not contaminated with residual ambient air. A cordless rotary drill is used to drive a hollow probe of stainless steel to an average depth of about 1 meter to avoid barometric pumping which can affect gas concentrations in soil. Once the probe is purged of ambient air a 30cc sample is extracted and injected through the septum of a 12cc vial. Other operations at the sampling site are the recording of coordinates by GPS and recording of sample numbers on the box cover. To avoid Hydrogen Artefacts in analysis, Rudiger Re-Chem utilizes a proprietary probe as well as detailed field notes for soil-gas surveys. The samples are shipped to Rudiger Re-Chem's lab in Saskatoon for analysis by Gas Chromatographs. Hydrogen and helium have seen a significant increase in demand, with more expected in the future. Hydrogen is used as a fuel and a chemical building block, it helps create fertilizer for food, refines the gasoline in car, and is increasingly being used to power clean trucks and ships as well as fuel for rocket propulsion for the launching of satellites. Helium is the world's ultimate cooler; its super-cold properties are essential for keeping MRI machines running and making the computer chips found in phone and laptop. AI-driven chip manufacturing is the primary growth engine for helium. Helium keeps most advanced technology and medical equipment functioning. In the neighboring province of Nova Scotia, companies such as Quebec Innovative Metals Corp. are having success in the search for Natural Hydrogen. This success has generated further exploration in similar geological environments to that of the projects mentioned above. Please note that the presence of gas or methane on these staked projects or gas discovered on adjacent properties does not guarantee the presence of hydrogen or helium. Further studies are required to validate their presence. New Risk • Jun 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$23.1m market cap, or US$16.6m). Announcement • Jun 03
Benton Resources Inc. announced that it has received CAD 2 million in funding from 2176423 Ontario Ltd. On June 2, 2026, Benton Resources Inc. closed the transaction. The transaction includes participation from Sprott through 2176423 Ontario Ltd. for 28,571,429 units. Prior to the private placement, Sprott beneficially owned or controlled 28,750,000 common shares and 3,125,000 warrants representing approximately 11%% on a non-diluted basis and 12% on a fully diluted basis assuming the exercise of such warrants. As a result of the private placement, Sprott now beneficially owns or controls 57,321,429 common shares and 31,696,429 common share purchase warrants of the company representing approximately 19.7% on a non-diluted basis and 27.6% on a fully diluted basis assuming the exercise of such warrants. All securities issued pursuant to the private placement are subject to a four month and one day hold period. No finder's fees have been paid in relation to the private placement. 
