Mr. Dino Cremonese reports

IC2 CLAIM PURCHASED

Teuton Resources Corp. has entered an agreement to purchase a 100-per-cent interest in the IC2 claim, subject to a 1.5-per-cent net smelter royalty which is capped at $500,000. Consideration for the purchase is $5,000 and 40,000 shares in the capital of Teuton, with the latter payable upon regulatory approval.

The IC2 claim (see the company's map on-line) lies between the High property which is 100 per cent owned by Teuton and the Brucejack property of Silver Standard Resources Inc., within the Stewart region of northwestern British Columbia. Recent prospecting of the High claim by Teuton's personnel has disclosed an extensive gossan over one kilometre wide in an east-west direction, which appears to trend into the IC2 claim. Samples from the gossan show highly altered quartz sericite schist cut in places by quartz veins. Many of the samples taken feature sparse to abundant arsenopyrite. The samples are to be shipped to Pioneer Laboratories tomorrow. A decision to drill the gossan will be made upon receipt of assays.

Silver Standard is currently drilling 24,000 metres with five drills on its Brucejack property, with one of the targets, the Bridge zone, located under 1.25 km from the boundary of Teuton's property. Drilling results to date have been impressive. On its Galena Hill zone, Silver Standard recently reported two bonanza intersections of 1.5 m of 1,025 grams per tonne gold and 1.59 m of 2,490 g/t gold at relatively shallow depths. On its Bridge zone, it reported from surface a 161.89-metre interval running 2.09 g/t gold. Elsewhere in the region, drilling at Teuton's Tennyson property (located south of the High claims) is continuing with the drill now on the seventh hole. Dino Cremonese, PEng, president of Teuton, is the qualified person for the purposes of this news release.