Spruce Ridge Resources Ltd. Announces Binding Letter of Intent with Benton Resources Inc. for Option of Newfoundland Property

TORONTO, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Spruce Ridge Resources Ltd. (“Spruce” or the “Company”) (TSXV: SHL) is pleased to announce that it has signed a binding letter of intent (the “LOI”) with Benton Resources Inc. (“Benton”) (TSXV: BEX) to enter into an option agreement (the “Option Agreement”) whereby Benton can earn an undivided 70% interest in Spruce’s Great Burnt Copper/Gold Property, comprised of six mineral licenses and one mining lease (the “Property”).

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