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Silver Valley Metals Corp
Benton Announces Approval for Normal Course Issuer Bid
Published Sep 15 2008
3 min read

Benton Announces Approval for Normal Course Issuer Bid

Benton Announces Approval for Normal Course Issuer Bid

Benton Announces Approval for Normal Course Issuer Bid

Vancouver, British Columbia CANADA, September 15, 2008 /FSC/ - Benton Resources Corp. (BTC - TSX Venture, BNRJF - OTCBB_Pink_Sheets), announces that it has obtained regulatory approval to conduct its normal course issuer bid (the "Bid") announced on August 25, 2008 to purchase, through the facilities of the TSX Venture Exchange (the "Exchange") up to 3,000,000 common shares.  The actual number of shares that may be purchased and the timing of any such purchases will be determined by Benton and purchases pursuant to the Bid will be conducted through RBC Dominion Securities Inc.  

The Board of Benton believes that recent market prices of the Company's shares do not properly reflect the underlying value of the Company.  With the Company's exploration results to date, the various joint ventures that the Company has entered into and a treasury of approximately $19 million the Board believes that the Bid is in the best interest of the shareholders.  The Bid will provide some liquidity for those shareholders who wish to dispose of their shares and enhance the potential future value of the shares which remain outstanding.  


On behalf of the Board of Directors of Benton Resources Corp.

"Stephen Stares"
Stephen Stares, President


THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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.


For further information contact Stephen Stares @
3290 Willard Ave
Thunder Bay, Ont.
P7E 6J7
Phone (807)475-7474
Fax (807)475-7200
www.bentonresources.com



Source: Benton Resources Corp.(BTC - TSX-V) (BNRJF - Pink Sheets)  http://www.bentonresources.ca
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