Benton Resources Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") is pleased
to announce that it is planning to spin out its 100% owned Bermuda project into
a new copper - platinum group metal company to be named Coldwell Copper Corp.
(CCC). The Company believes that it is not getting the deserved value for this
valuable asset within the context of the Company's other assets and accordingly
management believes that creating the new company CCC will give existing Benton
shareholders a chance to realize the value of the Bermuda project. Under the
proposed terms Benton will issue 0.3 CCC shares for every existing Benton share
held at the date of record. In conjunction with the spin out, which will be
completed by plan of arrangement, it is intended that CCC complete a financing
of $4 million consisting of $1.0 million of non flow-through and $3.0 million of
flow-through dollars to enable it to fund an extensive drill campaign in an
effort to build several NI 43-101 compliant resources in the Coldwell Complex.
Benton will retain a 1% NSR on the property.


The Bermuda project, located in the Coldwell Complex near Marathon, Ontario,
lies adjacent to and along strike from the Marathon Cu-PGM and Geordie Lake
deposits owned by Marathon PGM Corp. The Bermuda project is host to numerous
significant copper and PGM zones including Four Dam zone (65m of 0.67% Cu),
Skipper Lake zone (8.3m 1.07 gpt TPM's), Area 41 zone (61m of 1.23gpt TPM's) and
Sally Lake zone (11.4m 1.38gpt TPM's).


The proposed spinout transaction will be subject to shareholder and regulatory
approval.


Benton is a Canadian-based junior with multiple joint ventures and a diversified
property portfolio in Gold, Nickel, Copper, and Platinum group elements. The
Company currently has approximately $12.4 million in cash, owns approximately
36% interest in Coro Mining Corp (TSX:COP), holds an approximate 5% interest in
Marathon PGM Corp (TSX:MAR) and retains a 2% Net Smelter Royalty on the northern
portion of the Marathon PGM deposit.


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, President

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.