The results of the PEA include a pre-tax net present value ("NPV") at a 7% discount rate of $48.4 million with a pre-tax internal rate of return ("IRR") of 29% and a post-tax NPV at a 7% discount rate of $32.6 million with a post-tax IRR of 24%.

The PEA is based on the mineral resource estimate completed by Sibley Basin Group Ltd. in the National Instrument 43-101 report dated April 29, 2015 entitled "Mineral Resource Estimate Technical Report For The Cape Ray Property,04,41,51 and Windowglass Hill Deposits, Isle aux Morts Area, Newfoundland and Labrador, Canada" and amended in this report.

Highlights from the PEA, with the base-case gold price of $1,200 (U.S.) per ounce and an exchange rate of $1.25CDN/USD, are as follows (all figures in Canadian dollars unless otherwise stated):

Pre-production Capital is $47.3 million with a contingency of $4.7 million included within the initial Capital. Pre-production is for a 2 year period.

Sustaining Capital of $33.7 million for the Life of Mine ("LOM").

Pre-tax NPV(7%) of $48.4 million and internal rate of return of 29%.

Post-tax NPV(7%) of $32.6 million and internal rate of return of 24%.

Pre-tax Net Revenue of $88.4 million over 6 year LOM.

Post-tax Net Revenue of $63.4 million over 6 year LOM.

Positive Cash-flow is realized in year 3.

1,700,000 tonnes of mill feed averaging a combined 4.6 g/t gold and 4.8 g/t silver.

Mill operates at average tonnage of 851 tonnes per day.

Total production of 250,000 ounces of gold and 260,000 ounces of silver.

Gold recovery of 97% and Silver recovery 45%.

Stephen Stares, President and CEO of Benton stated "the receipt of a positive PEA demonstrating strong economics over the life of mine is a major milestone for Benton.

"We see numerous opportunities to further enhance the economics through additional studies and exploration with a high probability for resource expansion and good potential for new discoveries across the property. We will now focus on advancing the Cape Ray project toward prefeasibility through additional exploration, environmental permitting and further studies."

Benton recognizes that this is an undeveloped area of Newfoundland. As such, protecting the environment is of great importance. To facilitate the development of a sustainable project, Nordmin has experts on staff to complete the necessary studies required concerning environmental monitoring, assessment and permitting matters.

The Company has initiated work towards firming up costs and preparing a Feasibility Study. Apart from environmental baseline studies, hydrology monitoring, flora and fauna studies. A NI 43-101 technical report for Cape Ray PEA will be filed on SEDAR ( within 45 days.