Teuton Resources Corp .
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE – APRIL 27, 2021
TEUTON INVESTS $9.6 MILLION INTO TUDOR GOLD, JOINT VENTURE PARTNER AT TREATY CREEK
PROJECT, GOLDEN TRIANGLE, BRITISH COLUMBIA
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Victoria, BC –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) ("TFE"- Frankfurt)
has entered into a private placement with its joint venture partner, Tudor Gold Corp., subscribing for
1,000,000 flow-through common shares (the “FT Shares”) at a price of $3.60 per FT Share and 2,000,000
non-flow-through common shares (the “NFT Shares”) at a price of $3.00 per NFT Share. Total investment
is $9.6 million dollars. Net proceeds of the Private Placement will be used to advance exploration of the
Treaty Creek Project as well as for general working capital purposes.
Walter Storm, President and CEO of Tudor Gold, stated: "This significant equity investment by Teuton, our
20% partner in Treaty Creek, is a very strong endorsement of both Tudor Gold and the Treaty Creek project.
We are pleased that our partner Teuton and their President and CEO Dino Cremonese have so much
confidence in the Treaty Creek project and in Tudor Gold as the operator of the Treaty Creek project. This
is a very exciting time for Tudor Gold and its shareholders, as Tudor Gold prepares to aggressively advance
the Treaty Creek project. Tudor Gold is very eager to begin this year`s exploration program at Treaty Creek
and will provide shareholders with regular updates as exploration at the Project develops."
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
receipt of final approval of the TSX Venture Exchange.
Dino Cremonese, President and CEO of Teuton Resources, commented as follows: “Thanks to Eric Sprott’s
investments into Teuton over the past two years, we are able to make this very large investment into
Walter Storm’s Tudor Gold. Ken Konkin, Vice President of Exploration at Tudor Gold, has done a terrific
job at Treaty Creek, hitting good gold grades on all holes save one from 2019 to 2020. With the recent
successful completion of the maiden resource estimate showing 19.4 million ounces of gold measured
and indicated (815.7 million tonnes of 0.74 gold Eq g/t), Ken also was proven correct in his early prediction
that Goldstorm would be one day in the same class as the neighbouring Snowfield deposit of Seabridge
Gold. Ken has ambitious plans for 2021: convert as much of the inferred resource at Goldstorm to
measured and indicated, def ine the limits of Goldstorm, check out Eureka for readily accessible, near
surface ounces, and search elsewhere along the Sulphurets Thrust Fault for additional mega-tonnage gold
or gold-copper deposits, such as at PS2 and in the vicinity of Orpiment. The early years at Treaty Creek
were not all smooth sailing. I think back to the day in 1984 when I first staked the ground now covering
the Goldstorm zone for Teuton Resources, following that up later in the year with a small prospecting
program in which I also took a large, 5 kg stream sediment sample from the run -off below the foot of
Treaty Glacier. It ran 510 ppb gold, an auspicious result suggesting a mineralized source further up-glacier.
Like many other well-known prospects in the Golden Triangle (such as Eskay Creek which took almost sixty
years to discovery), it has taken a long time to fulfil Treaty Creek’s potential. But as Ken has said, this may
be only the first page of a very promising book. Here’s hoping he is right.”
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. Ten of these properties are currently under option to third parties. Over $2
million in option cash payments (not including appreciable payments made in shares) has been generated
from these properties since 2015, including properties where optionees have already earned their
interest.
Teuton was the original staker of the Treaty Creek property 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 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 pr ove 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 relatin g 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, regulator y 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.