Benton Resources Corp. ("Benton" or "the Company") (TSX VENTURE:BTC) is pleased
to announce that it has exercised the remainder of its $0.20 Coro Mining Corp.
(TSX:COP) ("Coro") warrants that were set to expire on January 23, 2011. In
total, the Company exercised 16,672,727 warrants for common shares of Coro at
$0.20 per share for a cash outlay totalling $3,334,545. Benton now holds
55,373,954 common shares of Coro with a fair market value of approximately $59.8
million (based on the January 5, 2011 closing price of Coro of $1.08 per share).
In addition, Benton still holds 2,437,500 warrants in Coro at an exercise price
of $0.50 until June 1, 2011, and at an exercise price of $0.65 thereafter
subject to a forced exercise provision. The forced conversion is initiated
should the common shares of Coro trade at a price that is greater than or equal
to $0.625 prior to June 1, 2011 for a period of 10 trading days or is equal to
or greater than $0.8125 thereafter for a period of 10 trading days and Coro has
received the approval of the Mendoza provincial government for its Environmental
Impact Study for the San Jorge project. The cumulative fair value of Benton's
cash and equity portfolio now exceeds $86.9 million or $1.15 per share (based on
January 6, 2011 closing prices).


Stephen Stares, President and CEO of the Company stated "We are extremely
pleased with Coro's progress in Mendoza with the recent recommendation made by
the Commission for the Environmental Evaluation of Mining Projects that the
Environmental Impact Statement be approved by the provincial government for the
San Jorge project. We look forward to its final approval and ratification and
commend the Coro team for their efforts in moving San Jorge closer to
development."


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 $12.7 million in cash, owns approximately
55.37 million shares and 2.43 million warrants in Coro Mining Corp. (TSX:COP),
holds 523,053 shares of Stillwater Mining Company (NYSE:SWC), holds 782,500
million shares in Marathon Gold Corp. (TSX:MOZ), holds 1.6 million shares in
Puget Ventures (TSX VENTURE:PVS), holds 4 million shares of Mineral Mountain
Resources Ltd. (TSX VENTURE:MMV), and holds 815,000 shares of Bell Copper
Corporation (TSX VENTURE:BCU).


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.