Stock Option Amendments
TEUTON RESOURCES CORP.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
Stock Option Amendments
November 8, 2021 Victoria, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”)
(“TUO”-TSX-V) ("TFE"- Frankfurt) announces that, in conformance with its 2020 Stock Option Plan,
the Company has amended certain incentive stock options previously granted to directors of the Company.
On May 7, 2021, 500,000 stock options originally priced at $3.18 per share (exercisable until August 26,
2025) and 200,000 stock options originally priced at $2.78 per share (exercisable until Sept. 28, 2025) had
their exercise prices amended to $2.68 per share; these 700,000 stock options are now re-priced to $2.06
per share, six months having passed since the last amendment. All other terms of the original stock option
grants remain unchanged. These stock option grant amendments are subject to the approval of the TSX
Venture Exchange and the approval of disinterested shareholders at the Company’s upcoming Annual
General Meeting to be held Dec. 22, 2021.
In addition, 342,500 stock options granted to a director on May 7, 2021 at $2.68 per share exercisable until
May 7, 2026, will also be amended. The new exercise price for these 342,500 stock options is now $2.06
per share, all other terms of the original stock option grant remain unchanged. This stock option grant
amendment is subject to the approval of the TSX Venture Exchange and the approval of disinterested
shareholders at the Company’s upcoming Annual General Meeting to be held Dec. 22, 2021.
Teuton’s share price closed today on the TSX Venture Exchange at $2.06 a share.
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest
British Columbia and was one of the first companies to adopt what has since become known as the “prospect
generator” model. Teuton earned $3.9 million net income in 2020 and a further $2.4 million in the first
quarter of 2021. Its income is derived from option payments.
Teuton was the original staker of the Treaty Creek property, host to the large Goldstorm deposit, assembling
the core land position in 1985. It presently holds a 20% carried interest in Treaty Creek (carried until such
time as a production decision is made). Interested parties can access information about Teuton at the
Company’s website, www.teuton.com.
Respectfully submitted,
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Barry Holmes
Director Corporate Development and Communications
Tel. 778-430-5680
Email: [email protected]
Neither the TSX Venture Exchan ge nor its Regulation Services Provider (as that term is defined in the
policies of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate
to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and simi lar expressions and statements relating to matters that are not historical facts
are intended to identify forward -looking information and are based on the Company's current belief or
assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that such statements will prove t o be
accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company's plans or expectations
include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of
equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general
economic, market or business conditions, regulatory cha nges, timeliness of government or regulatory approvals
and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as otherwise required by applicable
securities legislation.