Benton advised of Coro's Letter of Intent on Berta project and receives project update

About this update from Silver Valley Metals Corp

[{"type":"text","content":"\n\n\n\n\n\nTHUNDER BAY, ON, May 8, 2013 /CNW/ - Benton Capital Corp. (TSXV: BTC) (\"Benton\") is pleased to provide the following press\n release received from Coro Mining Corp. (\"Coro\"). Benton currently\n holds 41.84% of the issued and outstanding shares of Coro.  Benton's\n net asset value including its approximate $1.1 million in cash and the\n value of the Coro investment equates to approximately $0.127 per issued\n and outstanding common share of Benton versus its current trading price\n of $0.04 per share (all figures based on May 7, 2013 closing market\n prices).  Coro's news release is reproduced below:\n\n\nMay 8th 2013, Coro Mining Corp. (\"Coro\" or the \"Company\") (TSX Symbol: COP) is pleased to announce that\n it has signed a Letter of Intent (\"LOI\") with ProPipe SA, (\"ProPipe\")\n an engineering firm based in Santiago, Chile which gives ProPipe the\n right to earn up to a 50% interest in the Berta property, located\n approximately 20km west of the village of Inca de Oro, in the III\n Region of Chile. Coro also announces that it has renegotiated the terms\n of its underlying option agreement to acquire Berta, by reducing the\n payment due on 10th June 2013 from US$1,500,000 to US$500,000 and the\n final payment due on 10th June 2014 from US$3,500,000 to US$2,500,000.\n A 1.5% NSR will now apply to all production from the property.\n\n\nAlan Stephens, President and CEO of Coro commented, \"We are delighted\n that ProPipe have agreed to become our partner on the Berta project,\n and are confident that their extensive Chilean engineering experience\n will result in the expeditious development of an operation capable of\n producing approximately 5,000 tpy copper cathode, on a highly cost\n effective basis. ProPipe carried out the Company's recent NI43-101\n resource estimate technical report and as a result are fully familiar\n with the project. We hope that Berta will form the basis of a new\n business partnership which will combine Coro's demonstrated ability to\n identify new projects, and ProPipe's capacity to develop them\n efficiently and will be the first step in building a sustainable cash\n flow generating business for the Company.\"\n\n\nVictor Araya, Director of ProPipe commented, \"We are very pleased to\n have the opportunity to participate in the development of Berta, and\n wish to advanc...

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