BTC

Benton Capital Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") is pleased to
inform its shareholders that as a result of recently completing and filing its
corporate tax return for the 2013 fiscal tax year, its first taxation year
following the spin-out plan of arrangement, it was able to apply for substantial
capital loss carry backs to its 2011 taxation year. As a result, the Company has
received $904,208 from the CRA related to these carry backs. These recoverable
taxes have been accrued for in its December 31, 2013 quarter end and were
subsequently received in January 2014. 


The Company currently has approximately $1.63 million in cash. In addition to
the cash, the Company currently holds 61,000,000 shares (approximately 41%) of
Coro Mining Corp. ("Coro"), an investment worth approximately $7.32 million
(based on the January 15, 2014 closing market price of $0.12 per Coro share),
resulting in an approximate net asset value of approximately $9 million but a
market capitalization of only approximately $3.8 million (based on Benton's
closing price on January 15, 2014 of $0.05 per share). The Company also holds
1,566,623 warrants of Coro exercisable at $0.15 for a period of three years. In
addition, Benton holds no debt and has a very low burn rate. Benton also holds
the Goodchild-PGM-Copper-Nickel project located less than 4km from Stillwater's
Marathon Copper-PGM deposit which is currently under development near Marathon,
Ontario. Management continues to look for undervalued opportunities for its
shareholders in addition to its strategic holding in Coro and is looking forward
to Coro's continued success in Chile that will increase value to Benton
shareholders.


Highlights of Coro's assets are listed below.



                                                                            
  Berta (Region III, Chile)                                                 
- Low CAPEX, Low Technical Risk, Short Timeline to Production               
- Exp. Partner Funding Development; Prelim. Agreement to treat PLS at 3rd   
  Party SXEW Plant                                                          
- EID Submitted, PEA nearing completion                                     
- Financing alternatives being considered by Partner                        
- Increased NI 43-101 resource estimate (Aug 2013)                          
- Open pit mine with low strip ratio, using contract mining                 
                                                                            
  El Desesperado Cu (Chuqui District, Chile)                                
- Adjacent to Quetena heap leach dev. project, 16km SW of famous            
  Chuquicamata Cu mine                                                      
- Potential for rapid definition & advancement and in synergy with Quetena  
- Potential new member of Toki Cluster of major copper deposits (each       
  contain several hundred million tonnes @ 0.4-0.5%Cu)                      
- Nov 2012 Discovery hole -204m of 0.55% Cu (at surface) & bottomed in      
 greater than 1% Cu                                                        
                                                                            
  Payen Cu-Au Project (Region III, Chile)                                   
- Freeport acquiring 70% interest by spending US$13m; paying US$22.5m to    
  Coro and making underlying option payments                                
- Excellent location (5km from highway; 45km from coast) with 6km2          
  prospective area                                                          
- Potential for Cu-Au primary mineralization and Cu enrichment blanket      
- Next to Hot Chili's discovery of significant Cu-Au Porphyry mineralization
  at Frontera property                                                      
- Coro acquired in October 2012; Optioned to Freeport in Aug 2013           
                                                                            
  San Jorge Cu Project (Mendoza, Argentina)                                 
- Development partners Aterra Investments and Solway Industries have a right
  to acquire 70% interest or early buyout subject to a 2.5% Net Smelter     
  Royalty (NSR)                                                             
- A PFS Stage Copper Project with a proposed open pit mine in Mendoza and   
  processing in San Juan Province                                           
- Mineral reserves of 48.4 million tonnes at 0.61% CuT (55% oxide / 45%     
  enriched)                                                                 
- Planned production 24k tpy copper cathode (over 10 years)                 
- Upside from acceleration of leach production and subsequent treatment of  
  primary                                                                   
- Measured and Indicated in-pit primary sulphide resources of 136.2mt @     
  0.43%CuT + 0.19g/tAu                                                      



On behalf of the Board of Directors of Benton Capital Corp.,

Stephen Stares, President

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


The information contained herein contains "forward-looking statements" within
the meaning of applicable securities legislation. Forward-looking statements
relate to information that is based on assumptions of management, forecasts of
future results, and estimates of amounts not yet determinable. Any statements
that express predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not statements of historical
fact and may be "forward-looking statements." 


Forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation: risks related to
failure to obtain adequate financing on a timely basis and on acceptable terms;
risks related to the outcome of legal proceedings; political and regulatory
risks associated with mining and exploration; risks related to the maintenance
of stock exchange listings; risks related to environmental regulation and
liability; the potential for delays in exploration or development activities or
the completion of feasibility studies; the uncertainty of profitability; risks
and uncertainties relating to the interpretation of drill results, the geology,
grade and continuity of mineral deposits; risks related to the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses; results of prefeasibility and feasibility studies, and the
possibility that future exploration, development or mining results will not be
consistent with the Company's expectations; risks related to gold price and
other commodity price fluctuations; and other risks and uncertainties related to
the Company's prospects, properties and business detailed elsewhere in the
Company's disclosure record. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to forward-looking
statements. These forward looking statements are made as of the date hereof and
the Company does not assume any obligation to update or revise them to reflect
new events or circumstances. Actual events or results could differ materially
from the Company's expectations or projections. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Benton Capital Corp.
Stephen Stares
(807)475-7474
(807)475-7200 (FAX)
www.bentoncapital.ca

Benton Capital Corp. (TSXV:BTC)
Historical Stock Chart
From Apr 2024 to May 2024

Benton Capital Corp. (TSXV:BTC)
Historical Stock Chart
From May 2023 to May 2024