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Teako Minerals Launches The Service Alliance

Corporate Updates

1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL (778) 989-1501

www.teakominerals.com

TEAKO MINERALS LAUNCHES THE SERVICE ALLIANCE

Joining forces with other exploration, technology and finance companies in a

collaborative effort to increase the chances of success

VANCOUVER, B.C. – May 1, 2023, TEAKO MINERALS CORP. (CSE: TMIN) (the “Company” or “Teako”), is

pleased to announce the creation of The Service Alliance. Valence Mining Services (“Valence”), established

by Teako Minerals Corp. (See April 25, 2023 new s release), will play a pivotal role in hosting The Service

Alliance. The Service Alliance is a key strategy to increase the chances of success by leveraging the strengths

of other exploration, technology and finance companies and creating an environment of shared knowledge

and resources. The Service Alliance currently boasts eleven (11) exploration companies, three ( 3)

technology companies, and two (2) financing companies (collectively, “Service Alliance Members”).

The key aims of The Service Alliance are:

• To maximize collaboration with other exploration, finance and technology companies to

increase innovation within the mining sector; and

• To share technical skills amongst Service Alliance Members.

Illustration 1 - Current Service Alliance Members:

1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL (778) 989-1501

www.teakominerals.com

Exploration Companies: 1844 Resources: (TSX-V: EFF), Capella Minerals: (TSX-V: CMIL), Commander Resources: (TSX-V:

CMD), District Metals: (TSX-V: DMX), EGR Exploration: (TSX-V: EGR), Ekometall Exploration Ltd.: (Private), FinEx Metals:

(Private), Pegasus Resources: (TSX-V: PEGA), Playfair Mining: (TSX-V: PLY), Sego Resources: (TSX-V: SGZ), and

Teako Minerals (CSE: TMIN)

Technology Companies: Junior Mining Hub: (Private), KorrAI Technologies: (Private), and The Coring Company: (Private)

Financing Companies: Axino Capital: (Private), and FEx Group: (Private)

About The Service Alliance:

The Service Alliance is a strategic business initiative that leverages the benefits of collaboration with other

like-minded exploration companies and industries. Service Alliance Members will seek potential synergies

with respect to marketing and procurement and facilitate the sharing of best practices. The Service Alliance

will provide an opportunity to review and test new applications between exploration companies and

technology focused members.

Illustration 2 - About The Service Alliance (read more here)

1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL (778) 989-1501

www.teakominerals.com

About the Service Alliance Members:

Company Name HQ

Location

Ticker

Symbol

Exchange Website

1844 Resources Canada EFF TSX-V www.1844resources.com

Axino Capital Switzerland N/A N/A www.axino.com

Capella Minerals Canada CMIL TSX-V www.capellaminerals.com

Commander Resources Canada CMD TSX-V www.commanderresources.com

District Metals Canada DMX TSX-V www.districtmetals.com

EGR Exploration Canada EGR TSX-V www.egrexploration.com

Ekometall Exploration Austria N/A N/A www.emexploration.at

FEx Group Austria N/A N/A www.fruchtexpress.at

FinEx Metals Canada N/A N/A www.finexmetals.net

Junior Mining Hub Canada N/A N/A www.juniormininghub.com

KorrAI Technologies Canada N/A N/A www.korrai.com

Pegasus Resources Canada PEGA TSX-V www.pegasusresourcesinc.com

Playfair Mining Canada PLY TSX-V www.playfairmining.com

Sego Resources Canada SGZ TSX-V www.segoresources.com

Teako Minerals Canada TMIN CSE www.teakominerals.com

The Coring Company Norway N/A N/A www.thecoring.com

A

bout Teako Minerals Corp.:

Teako Minerals Corp., is a Canadian mineral exploration company with a focus on creating shareholder

value through exploration, acquisition, and development of mineral projects while bein g committed to

bringing in creative innovative approaches and methodologies on a corporate and explorative level.

ON BEHALF OF TEAKO MINERALS CORP.

Sv

en Gollan

Chief Executive Officer

T: +43 5522 500429

E: [email protected]

1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL (778) 989-1501

www.teakominerals.com

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business

of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some

cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,”

“anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these ter ms and similar

expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) Valence

will play a pivotal role in hosting The Service Alliance, ( b) participating Service Alliance Members will seek potential synergies with

respect to marketing and procurement and facilitate the sharing of best practices, and ( c) The Service Alliance will provide an opportunity

to review and test new applications between exploration compan ies and technology focused members. Although Teako believes that the

expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on

the forward-looking information because Teako can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy o f the

contents of this release.