Saganaga Gold Project (now Starr Property): Advanced by Metallica Metals

Benton announced on August 11, 2020 that it had entered into an Option Agreement with 2752300 Ontario Inc., a private Ontario company, which has now been acquired by Metallica Metals Corp. (through its ownership of 2752300 Ontario Inc.) can earn up to a 100% interest in the Project by completing the following:

• paying the Company $50,000 in cash (paid) and issuing the greater of 1,000,000 Cameo common shares or 3% of the issued and outstanding common shares of Metallica to the Company upon execution of the Agreement; (1,380,000 shares issued)
• paying the Company $50,000 in cash (paid) and issuing the greater of 1,000,000 Metallica common shares or 2% of the then issued and outstanding common shares of Metallica to the Company and incurring a minimum of $200,000 in qualified exploration expenditures on or before the first anniversary of the effective date of the Agreement (1,248,177 shares issued, holding the total of 2,628,177 shares as of August 2021); and,
• paying the Company $50,000 in cash and issuing the greater of 1,000,000 Metallica common shares or 1.5% of the then issued and outstanding common shares of Metallica to the Company and have completed a further $200,000 in qualified exploration expenditures on or before the second anniversary of the effective date of the Agreement.

Metallica, at its election, may then provide the Company notice that it intends to earn an additional 30% interest (taking its interest to 100% subject to underlying NSR’s) in the Project by:

• paying the Company $50,000 cash and issuing 2,000,000 Cameo common shares to the Company and completing a further $400,000 in qualified exploration expenditures on the Project.

In the event that Metallica completes a resource calculation for the Project in accordance with NI 43-101, Metallica will issue to the Company 1,000,000 common shares.

On July 28, 2021, following a complete airborne MobileMT geophysical survey, Metallica has identified a significant amount of drill targets that are both significantly advanced with known surface gold occurrences as well as grassroots targets that have never been tested. Upon the coming maiden drilling program, Metallica Metals is positioned to generate significant shareholder returns with success at the drill bit. (Read the press release HERE)