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Enter Symbol
or Name
USA
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Sabina Gold & Silver Corp
Symbol SBB
Shares Issued 194,019,926
Close 2014-07-09 C$ 0.88
Market Cap C$ 170,737,535
Recent Sedar Documents

ORIGINAL: Teuton to acquire Sabina's 50% of Del Norte-Midas

2014-07-10 14:49 ET - News Release

See News Release (C-TUO) Teuton Resources Corp

Received by email:

File: delnorteagreement.docx

TEUTON RESOURCES CORP.
202-2187 Oak Bay Avenue
Victoria, BC  V8R 1G1
Phone: (604) 682-3680  Fax: 682-3992
Toll Free: 1-800-879-2333
Website:  www.teuton.com 

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

July 10, 2014, Vancouver, BC: Teuton Resources Corp. ("Teuton") ("TUO"-TSX-V) ("TFE"-Frankfurt)  ("TEUTF"-OTCBB)  anno
--->unces that it has reached an agreement with Sabina Gold & Silver Corp. ("Sabina") to purchase Sabina's 50% interest in
---> the Del Norte-Midas property, located 20 miles east of Stewart, BC.     Teuton currently owns a 50% interest in the D
--->el Norte portion of the property, and a 25% interest in the Midas portion (Silver Grail Resources owns the other 25% o
--->f the Midas property).  Sabina originally earned its interest in the Del Norte property by taking an assignment from L
--->ateegra Resources Corp. (now Lateegra Gold Corp.--"Lateegra") of the latter company's option to earn a 50% 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% NSR in the property
--->, one-half of which can be repurchased for $1 million.  The buy-back on the NSR is limited to any time prior to comple
--->tion of a feasibility study.  Teuton has also agreed to compensate Lateegra which had retained some rights under the o
--->riginal assignment from Lateegra to Sabina.   Teuton has granted Lateegra a 1% NSR 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 f
--->rom Sabina.

The agreement is subject to signing of certain closing documents and TSX-V approval.   An announcement will be made wh
--->en the agreement closes.   After closing, Teuton will own a 100% interest in the Del Norte property and a 75% interest
---> in the Midas property, subject to the NSRs as described above.

Respectfully:

"Dino Cremonese, P.Eng."

President,
Teuton Resources Corp. 

If you would like to be added to Teuton's news distribution list, please send your email address to gary.teuton@shawli
--->nk.ca.

This news release includes certain forward-looking statements concerning the future performance of our business, its o
--->perations and its financial performance and condition, as well as management's objectives, strategies, beliefs and int
--->entions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "antic
--->ipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are 
--->based on the current opinions and expectations of management. All forward-looking information is inherently uncertain 
--->and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral explorat
--->ion and development, fluctuating commodity prices, competitive risks and the availability of financing, as described i
--->n more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materia
--->lly from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teut
--->on Resources Corp. does have an ongoing obligation to disclose material information, as it becomes available.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.    



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