Mr. Sven Gollan reports

TEAKO PROVIDES UPDATE ON PRIVATE PLACEMENT

Further to Teako Minerals Corp.'s press release dated Jan. 30, 2026, the company intends to close a second and final tranche of its previously announced non-brokered private placement offering for the issuance of common shares of the company on or before April 17, 2026. Pursuant to the second tranche of the offering, Teako has received subscriptions for a total of approximately $736,230 and will issue 12,270,501 common shares on the final closing date of the offering.

In connection with the offering, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the Canadian Securities Exchange (the CSE) and applicable securities laws. Closing of the second and final tranche of the offering is subject to certain customary conditions, including, without limitation, approval of the CSE and the common shares being subject to a four-month-and-one-day hold period.

The company intends to use the net proceeds of the offering for anticipated exploration activities as well as general working capital purposes to allow the company to pursue its corporate objective of additional project deals and potential revenue-generating third party work.

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.

Teako's Project Hub, including the Lokken and Venna main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, platinum group elements (or PGE), uranium, antimony, molybdenum and rare-earth elements. The Project Hub strategy was initially developed from the company's first-mover advantage in-country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Lokken-Venna district remain integral to the company's self-financed exploration programs, whereas the company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. 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. Teako holds a 10-per-cent economic interest in the four rare-earth elements (REE) projects owned by Fritzoe Skoger AS and a 10-per-cent non-dilutive free carried ownership interest in a package of copper, gold and silver projects consisting of five projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty. Ltd. as further described on the company's website.

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