Benton Offers Replace on Its Stake in Clear Air Metals Inc. – New PEA Delivers C$219.4M pre-tax NPV, 39% IRR for the Thunder Bay North Mission

Benton Assets Inc. (TSXV: BEX,OTC:BNTRF) (“Benton” or the “Firm”) is happy to announce that the newly introduced Clear Air Metals PEA Delivers C$219.4 M pre-tax NPV, 39% IRR for the Thunder Bay North Mission. See Clear Air Metals (TSXV: AIR) Information Launch date October 9, 2025. Benton present holds 24.6M shares or 9.8% of Clear Air Metals fairness and retains a 0.5% Web Smelter Royalty (NSR) on the decrease portion on the Thunder Bay North Deposit and all the Escape Lake Deposit (see hooked up maps). All figures are in Canadian {Dollars}, except specified in any other case.

Highlights from the Clear Air announcement.

• The undertaking has a $219.4M¹ pre-tax NPV₈ in opposition to a undertaking capital price of $89.5M. After-tax NPV of $157.5M
• The pre-tax inside charge of return (IRR) is 39%, and the after-tax IRR is 32%
• At spot pricing¹, pre-tax NPV₈ totals $316M with pre-tax IRR of 52%
• The asset is designed from the bottom up as a low-cost, high-margin producer with entry to the primary seven months from collaring the ramp portal. The undertaking maximizes using short-term infrastructure and makes use of toll milling at a close-by facility
• The capital payback is 2.5 years from the beginning of manufacturing via wholesome working margins of 45%
• Baseline environmental research are primarily accomplished to assist future allowing of the undertaking
• The Mission is close to the Metropolis of Thunder Bay, Canada, the place key freeway and electrical infrastructure and assist are situated
• The Firm has constructive relationships and is working carefully with close by Indigenous communities to permit full and significant participation within the undertaking
• The useful resource has been up to date with further drilling and new pricing, highlighting a 14.9M tonne indicated useful resource grading 2.66 g/t 2PGE², 0.40% Cu and 0.24% Ni
• Moreover, there are 2.49M tonnes of inferred useful resource grading 1.62 g/t 2PGE^2, 0.31% Cu and 0.19% Ni. There are not any reserves

SOURCE: Clear Air Metals, Inc.

Maps: Benton’s Curiosity for Thunder Nay North and Escape Lake Deposits.

To view an enhanced model of this graphic, please go to:
https://pictures.newsfilecorp.com/information/3657/269811_80bddeefd4003815_002full.jpg

To view an enhanced model of this graphic, please go to:
https://pictures.newsfilecorp.com/information/3657/269811_80bddeefd4003815_003full.jpg

Benton Assets is a well-financed mineral exploration firm listed on the TSX Enterprise Trade underneath the image BEX. Benton has a diversified, extremely potential property portfolio and holds giant fairness positions in different mining corporations which might be advancing high-quality belongings. Every time doable, BEX retains internet smelter return (NSR) royalties with potential long-term money stream.

Benton is concentrated on advancing its high-grade Copper-Gold Nice Burnt Mission in central Newfoundland, which has a Mineral Useful resource estimate of 667,000 tonnes @ 3.21% Cu Indicated and 482,000 @ 2.35% Cu Inferred. The Mission has a wonderful geological setting masking 25km of strike and boasts six identified Cu-Au-Ag zones over 15km which might be all open for enlargement. Additional potential for discovery is superb given the in depth variety of untested geophysical targets and Cu-Au soil anomalies. Section 1 and a pair of drill applications returned spectacular outcomes together with 25.42 m of 5.51% Cu, together with 9.78 m of 8.31% Cu, and 1.00 m of 12.70% Cu. Drilling on the South Pond Gold Zone, roughly 7.5 km north of the Nice Burnt Copper-Gold Zone, has confirmed a sturdy gold-mineralized system over 2.5 km with outcomes of 74.20 m of 1.43g/t Au and 43.75 m of 1.62g/t Au and is open for enlargement in all instructions.

On behalf of the Board of Administrators of Benton Assets Inc.,

“Stephen Stares”

Stephen Stares, President

Events eager about in search of extra details about properties accessible for choice can contact Mr. Stares on the quantity beneath.

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 categorical predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency aren’t statements of historic reality and could also be “forward-looking statements.”

Ahead-looking statements are topic to quite a lot of dangers and uncertainties which might 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 end result of authorized proceedings; political and regulatory dangers related to mining and exploration; dangers associated to the upkeep of inventory trade 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 surprising prices and bills; outcomes of prefeasibility and feasibility research, and the chance that future exploration, growth or mining outcomes is not going to be in keeping with the Firm’s expectations; dangers associated to gold value and different commodity value fluctuations; and different dangers and uncertainties associated to the Firm’s prospects, properties and enterprise detailed elsewhere within the Firm’s disclosure document. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might fluctuate 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 Firm doesn’t assume any obligation to replace or revise them to replicate new occasions or circumstances. Precise occasions or outcomes might differ materially from the Firm’s expectations or projections.

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/269811