Silver Grail Resources Ltd. (“
TEUTON RESOURCES CORP.
SILVER GRAIL RESOURCES LTD.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Websites: www.teuton.com www.silvergrail.com
NEWS RELEASE--- CLONE GOLD PROPERTY OPTIONED TO SUNVEST VENTURES
September 28, 2017, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) and
Silver Grail Resources Ltd. (“Silver Grail”)( (“SVG”-TSX-V) have optioned to Sunvest Ventures
Ltd., . a TSX-V listed company (“SSS”) the collective 50% interest they presently own in the Clone
Gold property, located 20km southeast of Stewart, BC in the Golden Triangle region of northwestern
British Columbia.
The history of the Clone Gold property is as follows: High-grade gold-bearing shear zones were
discovered by Silver Grail -Teuton prospectors in 1995 at the head of Sutton Glacier, trigger ing a
staking rush in the immediate area and ultimately leading to a cash infusion of $2.6 million into joint
owners Silver Grail and Teuton by Prime Resources-Homestake Canada, at that time the companies
which controlled the rich Eskay Creek mine. Drilling programs carried out from 1995 -97 defined
several high-grade gold shoots within the Main Zone, situated at the southeastern end of a 3km long
package of volcanic and sedimentary rocks. Due to low gold prices, little work was done on the Clone
between 1999 and 2003. However, in 2003, Lateegra Resources Corp. optioned the property and
carried out further drilling, primarily in the Main Zone, conf irming and expanding the results of the
1995-7 work. After Lateegra relinquished its option, in November, 2005, on the strength of rising gold
prices the Clone property was again optioned out, this time to Canasia Industries Corp. Canasia carried
out an Aeroquest helicopter-borne survey which identified several new targets on the property. In the
following and subsequent years Canasia, which later changed its name to Makena Resources, drilled
many holes into the property (principally in the area of the Main Zone) with results which confirmed
and extended previous work. Makena ultimately earned a 50% interest in the property.
The property has been optioned out on terms which will see 5,000,000 shares of Sunvest and $200,000
cash paid to Teuton/Silver Gr ail, collectively, over a two year period. Work commitments totaling
$1.95 million are also to be carried out over three years. Teuton/Silver Grail, collectively, will share
a 2% NSR, one -half of which can be repurchased for $1.5 million. Should Sunvest default on the
option agreement, Teuton/Silver Grail will receive their interest in the property back and also have an
option to purchase Makena’s 50% original interest for $100,000.
D. Cremonese, P.Eng ., President of Teuton and Silver Grail commented as follows: “The current
tripartite ownership of the Clone Gold , with two companies owning minority interests, was not
conducive to effective financing and exploration of the property. Sunvest Ventures will now have the
right to earn up to a 100% interest in the property and are thus properly motivated to fund further work.
They have an excellent Board of Directors and geological staff, and we at Teuton/Silver Grail wish
them all the best in exploring the property and its many gold and gold-cobalt mineralized shear zones.
The shares we will receive in Sunvest along with the Net Smelter Royalty will ensure that we will
retain a significant indirect interest in the property, at no risk or expense to our shareholders.”
The Qualified Person for this news release is D. Cremonese, P.Eng., who, as President and CEO, is
not independent of the Companies.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
President, Silver Grail Resources Ltd.
If you would like to be added to Silver Grail’s or Teuton’s news distribution list, please send your
email address to [email protected]. For more information on Teuton, please contact Investor Relations
at 778-430-5680 or [email protected]
This news release includes certain forward -looking statements concerning the future performance of our business, its
operations and its financial performance and condition , as well as management’s objectives, strategies, beliefs and
intentions. Forward -looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”,
“anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are
based on the current opinions and expectations of management. All forward -looking information is inherently uncertain
and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and
development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail
in our recent securities filings available at www.sedar.com. Actual events or results may differ ma terially from those
projected in the forward looking -statements and we caution against placing undue reliance thereon. Teuton Resources
Corp. does have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.