TUO.V · 2021-08-04 12:00:00

Meters of 1.039 G/T GOLD Eq IN Drill Hole GS-21-110 and 168.0 Meters of 1.391 G/T GOLD Eq Within 801.0 Meters of 0.704 G/T GOLD Eq IN Drill Hole GS-21-103 at the Goldstorm Deposit

Drill Results

TEUTON RESOURCES CORP .

2130 Crescent Road

Victoria, BC V8S 2H3

Phone: (778) 430-5680

Website: www.teuton.com

NEWS RELEASE – AUGUST 4, 2021

TEUTON ANNOUNCES GOLD INTERSECTIONS OF 130.5 METERS OF 2.389 G/T GOLD EQ WITHIN 474.0

METERS OF 1.039 G/T GOLD EQ IN DRILL HOLE GS-21-110 AND 168.0 METERS OF 1.391 G/T GOLD EQ

WITHIN 801.0 METERS OF 0.704 G/T GOLD EQ IN DRILL HOLE GS-21-103 AT THE GOLDSTORM DEPOSIT,

TREATY CREEK, NORTHWEST B.C.

Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO” -TSX-V) ("T FE"-

Frankfurt) has received a report from its joint venture partner Tudor Gold presenting the first results for

the 2021 resource expansion and definition drilling program for the Goldstorm Deposit at the Treaty Creek

property. The project is located in the heart of the Golden Triangle of northwestern British Columbia and

is on-trend from Seabridge’s KS M Project located five kilometers southwest of the Goldstorm Deposit.

Results from seven diamond drill holes have recently been received from MSA Lab s and are reported

herein. Exploration at Treaty Creek is ongoing at Goldstorm, Perfect Storm and the Eureka zones with the

recent arrival of the fifth and sixth drill rigs . Drilling has commenced at the Perfect Storm Zone with the

fifth drill rig and the sixth drill rig has just arrived at the Eureka Zone awaiting the arrival of its drill crew.

Tudor Gold’s Vice President of Exploration and Project Development, Ken Konkin, P .Geo., states: “The

2021 drilling program at Treaty Creek has progressed very well with peripheral drilling at Goldstorm. We

are consistently encountering strong sulphide mineralization along the limits of the three identified

mineral resource domains, namely the 300 Hor izon, CS -600 and DS -5 Zones. The Goldstorm Deposit

remains open to expansion in all directions a nd at depth. In addition to potentially adding new gold

equivalent (AuEq) ounces to the mineral resource, we will attempt to convert as much of the 7.9 million

AuEq ounces of Inferred Resources to the Measured and Indicated Resource categories that currently total

19.41 million ounces of AuEq . Concurrent with the definition and exploration drilling on the Goldstorm

Deposit, one drill will continue with 300-meter (m) step-out holes at Perfect Storm and one drill will test

the central area of the Eureka Zone. Exploration crews will also be working on new areas within the project

area in order to define new drill targets.”

Treaty Creek, Goldstorm Drilling Highlights include:

• Very consistent, near-surface 300 Horizon intercepts such as GS -21-103 that intersected 801.0

meters of 0.704 g/t AuEq including a strong upper pulse of enrichment averaging 2.025 g/t AuEq

over 75.0 meters or 168.0 meters of 1.391 AuEq.

• An impressive 474.0 m intercept of DS-5 in hole GS-21-110 that averages 1.039 g/t AuEQ including

216.0 meters of 1.712 g/t AuEq or 130.5 meters of 2.389 g/t AuEq.

• All drill holes hit significant gold mineralization (GS-21-107 was lost before encountering the DS-5

Zone and that hole will be re-drilled).

• Goldstorm Deposit remains open in all directions and at depth as drilling continues.

The complete list of composited drill hole results as well as the drill hole data including hole location,

elevation, depth, dip and azimuth are provided in Table 1 and Table 2, respectively. [Please see URL at the

end of this Release for a Plan Map and Cross Sections for holes GS-21-103 to GS-21-110.]

Table l: Results Goldstorm Zone Press Release August 4th, 2021

Section Hole Zone

From

(m)

Interval

(m)

(g/t)

ppm

AuEQ

(g/t)

108+00 NE GS-21-103 300H 27.00 828.00 801.00 0.653 3.02 139 0.704

Incl. 93.00 261.00 168.00 1.263 7.69 321 1.391

or Incl. 139.50 214.50 75.00 1.815 12.89 503 2.025

109+50 NE GS-21-104 CS600 174.00 296.00 122.00 0.385 1.54 327 0.441

Incl. 174.00 213.00 39.00 0.573 2.23 517 0.660

or Incl. 174.00 204.00 30.00 0.633 2.70 465 0.719

108+50 NE GS-21-105 DS5 211.00 341.50 130.50 0.433 0.56 216 0.465

Incl. 215.50 238.00 22.50 0.873 0.50 259 0.910

112+00 NE GS-21-107* CS600 116.60 297.00 180.40 0.399 6.55 1956 0.707

Incl. 187.50 228.00 40.50 0.666 12.37 2227 1.074

113+50 NE GS-21-108 CS600 133.85 312.00 178.15 1.115 4.08 1501 1.340

Incl. 186.00 253.50 67.50 1.375 4.38 1417 1.594

& Incl. 270.00 301.50 31.50 2.412 4.81 1062 2.594

DS5 759.00 904.50 145.50 0.867 10.22 115 1.000

Incl. 796.50 820.50 24.00 1.726 26.20 289 2.066

108+00 NE GS-21-109 300H 118.50 334.50 216.00 0.691 0.97 147 0.720

Incl. 160.50 241.50 81.00 0.965 1.43 213 1.006

or Incl. 160.50 174.00 13.50 2.648 4.04 941 2.806

115+00 NE GS-21-110 DS5 598.50 1072.50 474.00 0.983 3.99 75 1.039

Incl. 853.50 1069.50 216.00 1.620 6.88 101 1.712

or Incl. 898.50 1029.00 130.50 2.285 7.83 106 2.389

* Lost drill hole prior to intersecting DS-5, will re-drill this hole.

• All assay values are uncut and intervals reflect drilled intercept lengths.

• HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m

intervals

• The following metal prices were used to calculate the Au Eq metal content: Gold $1625/oz, Ag:

$19/oz, Cu: $2.8/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.01169) + (Cu%

x 1.1815). All metals are reported in USD and calculations do not consider metal recoveries.

• True widths have not been determined as the miner alized body remains open in all directions.

Further drilling is required to determine the mineralized body orientation and true widths.

Table 2: Drill data for holes in Press Release August 4th, 2021

Section Hole ID UTM E NAD

UTM N NAD

Elevation

(m)

Azi

(ᵒ)

Dip

(ᵒ)

Depth

(m)

108+00

NE GS-21-103 428355.1 6272668.2 1301.2 295 -64 969

109+50

NE GS-21-104 428823.9 6272571.8 1275.4 295 -90 454

108+50

NE GS-21-105 428769.4 6272531.1 1278.4 295 -88 397

112+00

GS-21-

107* 428885.4 6272822.2 1250.1 295 -88 359.3

113+50

NE GS-21-108 428953.1 6272953.3 1238.2 295 -85 939

108+00

NE GS-21-109 428354.2 6272668.7 1301.3 295 -45 927

115+00

NE GS-21-110 429020.3 6273102.0 1230.2 295 -88 1089.25

* Lost drill hole prior to intersecting DS-5, will re-drill this hole.

Walter Storm, President and CEO of Tudor Gold, stated: “I am very pleased with the exceptional progress

our exploration team has made with these initial results from the resource definition and exploration

drilling program. Continued drilling will broaden our understanding of the 300, CS-600 and DS-5 domains

and hopefully will further increase the size and quality of the Goldstorm Deposit beyond our expectations.

Despite having an e xceptionally high snowpack this year, minor delays were encountered as crews

patiently and safely removed unexpected amounts of snow accumulation. The safety of our crews and of

our contractors is our highest priority. In addition to the exploration program, our base-line studies are

also proceeding as planned with the installation of a climate monitoring station and on -going

environmental studies. We look forward to providing new drilling updates throughout this year’s work

program.”

Dino Cremonese, President and CEO of Teuton commented: “These results are a very good—a great start

to the 2021 field season at Treaty Creek.”

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold’s

Vice President of Exploration and Project Development, Ken Konkin, P .Geo. (he is also a Director of Teuton

Resources Corp. ) He has read and approved the scientific and technical information that forms the basis

for the disclosure contained in this news release.

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA

Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the

submission of blanks, certified standards and duplicate samples inserted at regular intervals into the

sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements

for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

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.

Figures & Videos Accompanying News Release

Please click on the following link to view maps: http://teuton.com/GoldstormAug2021

Click to view Treaty Creek video: https://www.youtube.com/watch?v=oAJbY43aZXg

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 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 to be

accurate and actual results and future events could differ materially from those anticipated in such statements.

Important factors t hat 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, exploratio n cost overruns, availability of capital and financing, general

economic, market or business conditions, regulatory changes, 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.

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