Mr. Dino Cremonese reports

AGREEMENT REACHED TO PURCHASE 50% INTEREST IN DEL NORTE-MIDAS PROPERTY

Teuton Resources Corp. has reached an agreement with Sabina Gold & Silver Corp. to purchase Sabina's 50-per-cent interest in the Del Norte-Midas property, located 20 miles east of Stewart, B.C. Teuton currently owns a 50-per-cent interest in the Del Norte portion of the property and a 25-per-cent interest in the Midas portion (Silver Grail Resources owns the other 25 per cent of the Midas property). Sabina originally earned its interest in the Del Norte property by taking an assignment from Lateegra Resources Corp. (now Lateegra Gold Corp.) of the latter company's option to earn a 50-per-cent interest in the Del Norte property from Teuton. Sabina earned its interest in 2007.

Teuton will issue 500,000 shares of its common stock to Sabina and has agreed to grant Sabina a 1-per-cent net smelter returns royalty in the property, one-half of which can be repurchased for $1-million. The buyback on the net smelter returns royalty is limited to any time prior to completion of a feasibility study. Teuton has also agreed to compensate Lateegra, which had retained some rights under the original assignment from Lateegra to Sabina. Teuton has granted Lateegra a 1-per-cent net smelter returns royalty in the Del Norte property, one-half of which can be repurchased for $500,000. Lateegra and Silver Grail have both given their consent to the purchase from Sabina.

The agreement is subject to signing of certain closing documents and TSX Venture Exchange approval. An announcement will be made when the agreement closes. After closing, Teuton will own a 100-per-cent interest in the Del Norte property and a 75-per-cent interest in the Midas property, subject to the net smelter returns royalties as described above.

We seek Safe Harbor.