VANCOUVER, Canada – TheNewswire – April 24, 2023 –– Teutonic Resources Corporation (“Teutonic” or “we”) (TSXV:TUO) (Frankfurt:TFE) plans to spin out mineral assets located south of the Salfretz Hydrothermal System (“SHS”) in the Golden Triangle region of northwest British Columbia. These assets include Big Gold, Eskay Rift, Tennyson, Pearson, Leduc Silver, Four J’s, and Harry properties. Like Harry, properties currently under option are assigned a Teutonic stake in the option, with all the rest being 100% owned by the company.

The spinout will proceed in two phases. The first phase will explore the tax implications of the spinout to determine the most effective way to transfer assets. Upon obtaining a favorable tax assessment from our tax advisors, the spinout will proceed to the formal second phase. The second phase will require a restructuring of the share capital, which will be carried out through a statutory arrangement plan (the “arrangement”). Under this arrangement, Teuton transfers defined assets to an as-yet-unnamed wholly-owned subsidiary (“Company X” for the purposes of this news release). Company X shares will then be distributed to her Teuton shareholders in proportion to their stake in Teuton, based on a formula that has yet to be determined. A spin-out transaction is Business corporation law (British Columbia) and must be approved by the Supreme Court of British Columbia and by a two-thirds (2/3) affirmative vote of Teuton’s shareholders present at the shareholders’ meeting. Trading and listing of Company X is also subject to the approval of the TSX Venture Exchange.

Upon completion of the transaction, Teuton shareholders will own shares in two public companies. At the start of the second phase, Teuton will issue a comprehensive news release outlining all the steps necessary to complete the spinout.

Additional assets that may be transferred to Company X, such as cash, securities, land, etc., will be determined by a tax audit conducted in Phase 1. The number of Company X shares to be allotted to Teuton shareholders has not yet been determined, but will be based on a pro-rata amount based on ownership at the time of the transaction.

Assets transferred to Company X are deemed to have potential copper or copper-gold deposits to be discovered. They are located south of the huge and super-massive porphyry copper-gold deposits of the Sulfretz hydrothermal system, which includes the Goldstorm, Iron Cap, Mitchell, East Mitchell, Sulfretz, and Carr. He is one of the largest untapped copper and gold concentrations in the world. These deposits, all owned by Seabridge Gold, with the exception of Goldstorm, which is owned by Tudor Gold, American Creek and Teuton Resources, are located along a south-facing chain called the “string of pearls” and are generally associated with a pronounced north-south trend in thrust fault. Leduc Silver and Pearson claim that the southernmost property assigned to Company X is located in close proximity to the previously produced high-grade underground Granduc copper mine. Granduc was part of the Besshi-type volcanic massive sulfide (VMS) system, which produced approximately 420 million pounds of copper from approximately 15.5 million tonnes of ore. The total of Measured Remaining and Indicated Resources is 11.32 million tons (Mt) and grades 1.47% copper. Additional Inferred Resources total 30.5 Mt, classified as 1.4% Cu (2013, Morrison & McKinnon, Preliminary Economic Assessment).

At the nearby Pearson property, an Aerotem III airborne geophysical survey conducted in 2010 identified EM conductors over 2 km long associated with eight magnetic anomalies. Signals consistent with Besshi-type VMS systems. This conductor has not yet been drill tested.

Additional airborne ZTEM surveys commissioned by Teuton in 2018 were completed by Geotech on part of the proposed Company X property package and showed some very strong anomalies, none of which are yet Drill not tested. Geotech commented:

“3D ZTEM inversion results reveal the presence of numerous conductive anomalous features characterized by low resistance values ​​in contrast to the host rock. Most of these conductors are straight in shape and protrude in different directions. Among them, numbers were selected with the aim of targeting copper and gold, and these are marked with the letter “Z”. These targets occur primarily in the South and Southeast of the Pearson Block and the Central Tennyson Block. Those highlighted within the Pearson block are being attacked in two preferred directions (NE and NW) and those highlighted within the Tennyson block are generally northwest direction. Most of the identified conductors occurred along inferred faults and could host or control porphyry copper-gold mineralization typical of those observed in hydrothermal alteration zones or Tennyson deposit areas. have been suggested to be related to systems with

In addition to fault control, identified conductors within the Pearson block appear to be affected, displaced and/or constrained by the NW’s fault system. Some of them are associated with zones of low magnetism, which makes them good candidates for zones of intense alteration and demagnetization. There are at least two circular features. These circular features generally indicate a resistive core surrounded by a moderately conductive ring. The resistive core has been suggested to represent a link to the porphyry/stockwork intrusion, while the surrounding conducting ring has been suggested to be associated with the phyllic/clay/propylite alteration zone (Sillitoe 2003; 2010). They coincide with zones of low magnetism (demagnetization?) with moderate magnetic cores. These targets are therefore porphyry-style, typical of known porphyry deposits occurring in the northwest BC such as Mt-Milligan (Oldenburg et al., 1997), Babine Lake and Morrison (Witherly and Sattel). It is considered a potential candidate for precious and base metal mineralization. 2012). One of these targets, P1, is proposed in the northern part of the Pearson block, and the second target, P2, is proposed in the southeastern part of the Tennyson block. ”

Once the Company X spinout is completed, Teuton Resources will tentatively plan another spinout. This time it’s the company’s facilities east and southeast of Stewart. A major property of this group is the clones that host shear-controlled gold and gold-cobalt mineralization.

P. Eng. of Dino Cremonese commented: Originally, he considered putting all of this into one company, but on second thought, it seemed more reasonable for him to separate the spun-out assets into two groups. rice field. It’s mostly copper and copper-gold going into Company X, and especially now that copper has been declared the key metal, it makes sense to keep them all in a single unit. For the remaining assets in the east and southeast, we will monitor the progress of exploration on the Gold Digger property adjacent to Goliath Resources and Dolly Baden’s gold and silver property before deciding how to sell these. It’s a schedule. ”

OTC QB Listing Application Form

Teuton plans to apply for listing on OTC Markets, “QB” level, a US trading platform operated by the OTC Markets Group of New York, subject to OTCQB approval and fulfillment of applicable listing requirements. We plan to file Form 211 with financial industry regulators (seeFinla”), if accepted, The company’s shares trade on the US OTC market. The Company is a depository trust company (“DTCs”) DTC eligibility, which significantly simplifies the trading process for our common stock.

OTCQB is the premier marketplace for early-stage and developing U.S. and international companies committed to providing U.S. investors with a high-quality trading and information experience. Companies must have up-to-date financial reporting to undergo an annual verification and management certification process, including meeting minimum bids and other financial requirements. OTCQB’s quality standards provide a strong baseline of transparency as well as technology and regulation to improve investor information and trading experience. OTCQB is recognized by the Securities and Exchange Commission as an established public market that provides public information on the analysis and value of securities. Investors can find real-time quotes and market information after listing. https://www.otcmarkets.com.

We believe trading on OTCQB will provide additional liquidity and increase our visibility within the US capital markets. Teuton Resources will continue trading on his TSX Venture Exchange under the symbol ‘TUO’.

advisory body

Former Director Robert Gardner has agreed to join as the first member of the Teutonic Advisory Board for a term of six months. Mr. Gardner will not be paid for his office, but will retain his stock options received during his time on the board. Robert has been Telus Corp.’s Treasurer for many years and is well versed in recapitalization.

About the Teutons

Teuton owns more than 30 real estate interests in the prolific “Golden Triangle” region of northwest British Columbia and was the first company to adopt what has come to be known as the “prospect generator” model. is one of This model maximizes opportunity while minimizing equity dilution. Income from option payments, often in cash and often in the form of stock in the optioned company, provided Teuton with significant income.

On behalf of the Board of Directors of Teuton Resources:

“Dino Cremona, P.Eng.”

Dino Cremonese, P. Eng.,

President and Chief Executive Officer

For more information, please visit our website. www.teuton.com or contact:

Barry Holmes

Director Corporate Development and Communications

Phone number 778-430-5680

Email: This email address is being protected from spambots. JavaScript must be enabled to view.

Neither the TSX Venture Exchange nor its regulated service providers (as defined in the TSX Venture Exchange Policy) Appropriateness or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. “may”, “intend”, “expect”, “believe”, “will”, “predicted”, “presumed” and similar in relation to matters that are not historical facts The use of expressions and statements in identifies forward-looking information and is based on our current beliefs or assumptions regarding the outcome and timing of such future events. Actual future results may differ materially.

All statements regarding our future plans, objectives or expectations are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those projected by such statements. or material factors that could cause actual results of current exploration activities to differ materially, including risks associated with actual results of current exploration activities, fluctuating gold prices, possible equipment failures and delays, excess exploration costs, capital and financial Availability of procurement, general risks. economic, market or business conditions, regulatory changes, the timeliness of governmental or regulatory approvals and other risks detailed in this document and in the documents we file with securities regulators from time to time; We expressly disclaim any intention or obligation to update or revise any forward-looking statements, except as otherwise required by new information, future events, or applicable securities laws.