Teuton Invests $500,000 into Decade Resources, Optionee 0F the Del Norte Property
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE – AUGUST 10, 2021
TEUTON INVESTS $500,000 INTO DECADE RESOURCES, OPTIONEE 0F THE DEL NORTE PROPERTY,
GOLDEN TRIANGLE, BRITISH COLUMBIA
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO” -TSX-V) ("T FE"-
Frankfurt) has entered into a private placement with Decade Resources Ltd. (“Decade”), subscribing for
10,000,000 non-flow-through common units at a price of $ 0.05 per unit. Each unit consists of one non -
flow-though common share and one warrant good for two years to purchase another non -flow-though
common share at $0.08 per share. Total investment is $500,000. Net proceeds of the private placement
will be used to advance exploration of the Del Norte property as well as for general working capital
purposes. All securities issued pursuant to the Private Placement are subject to a statutory four -month
hold period. No finder's fees were paid in connection with the Private Placement. The Private Placement
is subject to approval of the TSX Venture Exchange.
Dino Cremonese, President and CEO of Teuton commented: “This investment was made primarily on the
strength of the Del Norte gold-silver property, however we also took into consideration the many other
precious metal properties owned by Decade in the Golden Triangle such as the Red Cliff. We also recognize
Ed Kruchowksi, President of Decade, as a very seasoned explor er who has more than forty years of
experience in the region and who has participated in many discoveries therein during that time.”
Ed Kruchkowski, President and CEO of Decade Resources, stated : “This significant equity investment by
Teuton, the optionor of the Del Norte, is a very strong endorsement of both Decade Resources and the
Del Norte project. We are pleased that our partner Teuton and their President and CEO Dino Cremonese
have so much confidence in the project and in Decade Resources as the operator of the Del Norte project.”
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.
One of the Teuton properties under option is the Del Norte, currently farmed out to Decade. Decade can
earn a 55% interest in the property by spending $4,000,000 over four years and by making certain cash
and share payments; It has a further option to acquire an additional 20% interest by taking the property
to production. A joint venture between Teuton and Decade would follow (refer to Jan. 7, 2020 news
release for full details).
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 Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture 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 similar expressions and stat ements 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 to 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 cu rrent 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 changes, timeliness of gove rnment 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.