Puget Ventures Inc. Moves Forward with Benton Resources Option in Werner Lake/Rex Lake; Will Not Acquire 1592129 Ontario Inc. At this Time

THUNDER BAY, ON, Oct. 27 /CNW/ - Benton Resources Corp. (TSXV: BTC.V) and Puget Ventures Inc. (TSXV: PVS.V) announced today that Puget is proceeding with the transaction to earn up to a 60% interest in the Werner Lake/Rex Lake claims currently held by Benton Resources Corp. previously announced on August 14, 2008. Work will begin on these highly prospective copper and other base metals showings over the next few months.

Puget Ventures also announced that due to market conditions it has elected, by mutual consent of both parties, to not proceed at this time with the acquisition of 1592129 Ontario Inc., announced on July 8, 2008. Puget Ventures will resume trading immediately.

"Our company feels at this time that the prudent course of action would be to proceed with the smaller claim package until such time that conditions improve," said Erin Airton, President. "We feel strongly that the Werner Lake Area has excellent potential and we will be examining other opportunities for acquisitions both there and elsewhere in Northwestern Ontario."

About Werner Lake/Rex Lake Acquisition from Benton

The eight claim group that Puget is acquiring covers approximately 1,237 hectares at the east end of the Werner Lake-Rex Lake Mineral Belt. Historical shallow diamond drilling on the project completed by Eastern Mining and Smelting in 1956 intersected 23.9m (metres) grading 1.02% Cu and 15.1gpt (gram per tonne) combined precious metal (interpreted as silver) at approximately 60m vertically below surface.

Diamond drilling completed by Falconbridge Nickel Mines Limited during the late 1980s intersected 1.17% Cu and 9.5gpt Ag over 29.5m (at approximately 50m vertical) that included 2.04% Cu and 5.3gpt Ag over 11.95m. An undercut drill hole intersected a metamorphosed ultramafic (peridotite) that yielded 22.8m grading 0.1% Cu and 0.31% Ni (at 140m vertical), suggesting better potential for nickel mineralization. All intervals are core lengths and true thicknesses are currently unknown. Surface channel sampling completed by Atikwa Minerals Limited in 2003 returned anomalous levels of platinum and palladium values (0.09 to 0.145gpt).

Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp. is the qualified person responsible for this release on behalf of Benton.

About Puget Ventures Inc.

Puget Ventures Inc. is a Toronto Venture Exchange listed mineral exploration company currently exploring the Trout Bay base metal property in Red Lake, Ontario.

About Benton Resources Corp.

Benton Resources Corp. (the "Company") is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $19 million in working capital and has joint ventured several of their projects to major and junior companies.

    
    Forward Looking Statement:
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Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. The Company undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Contacts

Stephen Stares
President and CEO
Benton Resources Corp.
611 Montreal Street
Thunder Bay
Ontario
P7E 3P2
Phone (807) 475-7474
Fax (807) 475-7200
www.bentonresources.ca

Ms. Erin Airton
President
Puget Ventures Inc.
2000-1066 West Hastings Street
Vancouver
BC
V6E 3X2
Tel: (604) 808-6420
www.pugetventures.com
Email: info@pugetventures.com