Teuton Resources Corp .
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
News Release – February 27, 2024
Teuton Resources Trades on the OTCQB in the USA and is “DTC Eligible”
Ticker Symbol: “TEUTF”
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
(“TEUTF” – OTCQB) ("TFE"- Frankfurt) is pleased to announce that it has satisfied OTC Venture
Market and DTC requirements allowing it to trade on OTCQB under the stock symbol “TEUTF”.
The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York, and
is an established marketplace for early -stage and developing U.S. and international companies.
Participating companies must be current in their reporting and undergo an annual verification and
management certification process. The OTCQB Venture quality standards provide a s trong baseline
of transparency, as well as the technology and regulation to improve the information and trading
experience for investors. Inve stors can find real -time quote and market information for Teuton
Resources at https://www.otcmarkets.com/stock/TEUTF/overview.
Teuton Resources has also received DTC eligibility by the Depository Trust Company ("DTC") for its
shares traded on the OTCQB.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic
clearing and settlement of publicly traded companies. Securities that are eligible to be electronically
cleared and settled through DTC are considered “DTC el igible.” This electronic method of clearing
securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for
investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms
by coming into compliance with their requirements. Being DTC eligible is expected to greatly simplify
the process of trading and transferring the Company’s common shares on the OTCQB.
D. Cremonese, P . Eng, President of Teuton Resources, commented as follows: “The Company has
been actively involved in the Golden Triangle, one of the most mineralogically endowed regions in the
world, for the past forty years. In the 1980’s it acquired by staking over thirty mineral properties, some
of which are now showing great promise. Foremost among these is the Treaty Creek property
presently in advanced exploration with well over $100 million spent to date. Teuton also holds many
royalties in surrounding properties and is also planning a spin -out of a group of its properties called
the Luxor Project, which appears to be prospective for copper and copper-gold deposits.
“For these reasons I am enthused that Teuton is now OTCQB listed and has attained DTC eligibility,
an important step for increasing our reach with potential investors and institutions throughout the
United States and abroad.”
About Teuton’s Holdings at Treaty Creek; Royalties in Treaty Creek and Nearby Properties
The Treaty Creek Project contains the Goldstorm Deposit (a large gold-copper porphyry system) as
well as several other mineralized zones . As disclosed in the Company’s February 20, 2024 News
Release, the Goldstorm Deposit has an Indicated Mineral Resource (as defined in NI 43-101) of 27.87
million ounces (Moz) of AuEq1 within 730.20 million tonnes (Mt) at a grade of 1.19 g/t AuEq, comprised
of 21.66 Moz of Au at 0.92 g/t, 128.73 Moz of Ag at 5.48 g/t and 2.87 billion pounds of Cu at 0.18%
Cu; and, an Inferred Mineral Resource (as defined in NI 43 -101) of 6.03 Moz of AuEq within 149.61
Mt at a grade of 1.25 g/t AuEq; comprised of 4.88 Moz of Au at 1.01 g/t, 28.97 Moz of Ag at 6.02 g/t,
and 503.23 million pounds (Mlbs) of Cu at 0. 15%. The Goldstorm Deposit remains open in all
directions and requires further exploration drilling to determine the size and extent of the deposit.
1 AuEq = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185)
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 the Treaty Creek
Project (Tudor Gold is responsible for paying all ex ploration costs up until such time as a production
decision is made and owns a 60% interest; American Creek Resources owns the remaining 20%
interest, also carried). Additionally, Teuton owns a 0.98% Net Smelter Royalty in the Goldstorm
deposit area as well as in the northern portion of the Perfectstorm zone; within the southern portion of
the Perfectstorm zone, Teuton owns a 0.49% NSR with an option to increase that to 1.49% by paying
$1 million to the current owner. It also owns numerous additional royalty interests within the Sulphurets
Hydrothermal system on formerly 100% -owned properties such as the King Tut, Tuck, High North,
Orion, Delta and Fairweather properties (King Tut and Tuck now owned by Newmont Mining; High
North, Orion, Delta and Fairweather properties now owned by Goldstorm Metals).
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. This model minimizes share equity dilution while at the same time
maximizing opportunity. Earnings provided from option payments received, both in cash and in shares
of the optionee companies has provided Teuton with substantial income.
On Behalf of the Board of Directors of Teuton Resources:
"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 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 changes, timeliness of government or re gulatory 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 a s a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.