Mr. Sven Gollan reports

TEAKO SELLS EXPLORATION RIGHTS NEAR FENS DEPOSIT TO TRESCHOW-FRITZOE; FORMING A STRATEGIC COLLABORATION

Teako Minerals Corp. has entered into a strategic collaboration through a definitive acquisition agreement dated July 3, 2025, with Fritzoe Skoger AS, a wholly owned subsidiary of Treschow-Fritzoe AS, whereby Teako has sold 100 per cent of four rare earth projects, comprising nine exploration rights in Vestfold and Telemark counties, for a cash consideration of 2.5 million Norwegian kroner (approximately $340,000). Pursuant to the agreement, Teako retains the right to 10 per cent of all the sale proceeds from any direct or indirect disposition of all or any part of the properties.

Under the terms of the agreement, Teako also becomes the preferred provider of exploration services for Fritzoe for a period of 36 months on the properties and selected Fritzoe properties. Provision of the exploration services is expected to, when requested by Fritzoe, provide Teako with a revenue stream, which will strategically enhance the funding available for the advancement of the company's core projects.

Sven Gollan, chief executive officer, commented: "From day one, our project hub approach has been fundamental to our strategy, evaluating multiple Norwegian projects to identify and develop the most promising ones alongside strong partners. This collaboration with Fritzoe Skoger and Treschow-Fritzoe AS creates potential valuable cash flow, reduces our exposure to market fluctuations and opens new pathways for economic discoveries without diverting focus from our core base metal projects. Partnering with such a well-established Norwegian company demonstrates the power of local co-operation built on mutual trust and shared values."

Terje Kristoffersen, chief executive officer, Fritzoe Skoger, commented: "Mapping of minerals deposits on Fritzoe Skoger's property has been carried out over many decades. We have a long-term strategy for responsible, sustainable and transparent management and extraction of natural resources on the property. With this agreement, we increase our control with the exploration rights in the area and have teamed up with a strategic partner for possible future exploration processes. However, we currently have no short-term plans related to the acquired exploration rights."

Over the past several months, the company has observed increased interest in specific assets within its project hub -- a reflection not only of Norway's appeal as a mining jurisdiction, but also the potential based on Teako's very strong market position and corporate strategy of its project hub to leverage opportunities for partnerships and sales to fund core assets. While there can be no certainty regarding outcomes, the company's objective for the second half of the year is to pursue additional project deals with strong partners while continuing to advance its core assets. These deals, if secured, are intended to potentially bring in capital and/or continuing cash flow, retain upside exposure and reduce overall risk, thereby strengthening Teako's foundation. The market will be advised in due course should additional deals materialize.

About the properties

The properties are part of Teako's project hub and all prospective for rare earth elements/phosphate/iron/titanium and are located near Europe's largest proven deposit of rare earth elements at Fensfeltet in southern Norway. See press releases dated May 21, 2024, and June 25, 2024, for more information on the properties and noting that the properties were amended in 2025.

Qualified person

The technical information in this press release relating to the properties has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and reviewed and approved by Dr. Eric Roth, a non-executive director of Teako and qualified person under NI 43-101. Dr. Roth holds a PhD in economic geology from the University of Western Australia, is a fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a fellow of the Society of Economic Geologists. Dr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation.

About Teako Minerals Corp.

Teako Minerals is a Vancouver-based mineral exploration company committed to acquiring, exploring and developing mineral properties in Norway, focusing on critical metals such as copper, cobalt, zinc and molybdenum. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.

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