Mr. Dino Cremonese reports

TEUTON ANNOUNCES WIDE GOLD INTERVALS IN TWO 150 METER NORTHEAST STEP-OUT HOLES AT THE GOLDSTORM DEPOSIT, TREATY CREEK, NORTHWESTERN BRITISH COLUMBIA

Teuton Resources Corp. has received the first set of drill results for the 2023 exploration at the Treaty Creek property, Golden Triangle, Northwestern British Columbia, from its joint venture partner, Tudor Gold (operator of the Treaty Creek project).

Since the beginning of this year's program, Tudor Gold has successfully completed over 12,000 metres (m) of drilling within areas encompassing the Goldstorm deposit and the Perfectstorm zone. The five drill holes reported in this release are located in the northeastern area of the Goldstorm Deposit.

Ken Konkin, president and chief executive officer of Tudor Gold, commented: "We are very pleased to report the discovery of continued strong gold, silver and copper mineralization outside the previously defined resource area with 150-metre stepout holes GS-23-164 and GS-23-167. The overall strength and consistency of the Goldstorm system continues to amaze our technical team as the deposit remains open in all directions and at depth. Our continued success of these critical first-round results has prompted us to build several more drill pads designed to test all northern aspects to all domains as there appears to be no end in sight to the Goldstorm Au-Cu-Ag [gold-copper-silver] mineralization as of yet. Equally important was the success of definition hole GS-23-168 within a vast block of the 300H domain. The goal is to increase drilling density to potentially upgrade this large block into the indicated category from the inferred category of the mineral resource. GS-23-168 intersected 309.0 m of 1.02 g/t AuEq [gold equivalent], including an enriched portion averaging 1.40 g/t AuEq over 204.0 m, with a core of 1.99 g/t AuEq over 75 m. Based on these very encouraging results, we have decided to pursue the northern aspects of the Goldstorm deposit with five drill rigs, leaving one exploration rig to further drill-test the Perfectstorm zone."

Goldstorm deposit stepout drilling

Section 119+50NE

GS-23-164, a 150-metre northeast stepout, was drilled to target the gold-dominant DS-5 domain. Mineralization was encountered over a length of 412.5 m grading 1.01 g/t AuEq (0.93 g/t Au, 6.26 g/t Ag and 0.01 per cent Cu), containing a higher-grade intercept of 124.5 m grading 1.51 g/t AuEq (1.38 g/t Au, 11.54 g/t Ag and 0.01 per cent Cu) with a very rich segment over 7.5 m of 11.56 g/t AuEq (11.46 g/t Au, 9.34 g/t Ag and 0.01 per cent Cu). The DS-5 domain remains open to the north and northeast. Another stepout drill pad was constructed 150 m to the north of this drill hole to allow continued exploration of the DS-5 domain and the gold-copper-dominant CS-600 domain.

GS-23-167, a 150-metre northeast stepout of the CS-600 domain, was drilled to expand the domain outside the northeastern edge of the 2023 mineral resource area. The drill hole returned an intercept of 337.5 m averaging 1.31 g/t AuEq (0.87 g/t Au, 6.89 g/t Ag and 0.32 per cent Cu) with an enriched zone of 94.5 m averaging 1.80 g/t AuEq (1.14 g/t Au, 9.87 g/t Ag and 0.47 per cent Cu). Additional stepout drill holes have been completed, or are currently under way, to continue expanding the CS-600 domain (GS-23-169, GS-23-170 and GS-23-172). Assays will be released when they are received and reviewed.

Goldstorm deposit definition and infill drilling

Section 117+00 NE

GS-23-168: This hole intercepted unexpected 300-H domain mineralization. Starting at 462 m, an intercept over a drill length of 309.0 m averaged 1.02 g/t AuEq (0.96 g/t Au, 4.62 g/t Ag and 0.01 per cent Cu) with an enriched segment of 27.0 m grading 3.15 g/t AuEQ (3.07 g/t Aq, 6.80 g/t Ag and 0.01 per cent Cu). This hole was shut down and had a wedge set at 684 m downhole to improve its target of the CS-600 domain at depth. This wedged drill hole, GS-23-168-W1, is currently at a depth of 1,900 m, drilling through a strongly mineralized area of the CS-600 domain.

GS-23-163 and GS-23-165: These drill holes were not sampled and shutdown early due to excessive drill hole deviation. Their original target was redrilled as hole GS-23-168.

Qualified person

The qualified person for this news release for the purposes of National Instrument 43-101 is Tudor Gold's president and CEO, Mr. Konkin, PGeo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release. Dino Cremonese, PEng, is the qualified person for Teuton Resources and, as he is the CEO of Teuton, he is not independent of the company. Although he has not verified the information contained in this release, he has no reason to doubt its accuracy.

QA/QC (quality assurance/quality control)

Diamond drill core samples were prepared at MSA Labs' preparation laboratory in Terrace, B.C., and assayed at MSA Labs' geochemical laboratory in Langley, B.C. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold staff. MSA quality system complies with the requirements for the international standards ISO 17025 and ISO 9001. MSA Labs is independent of Tudor Gold.

About Teuton Resources Corp.

Teuton owns interests in more than 30 properties in the prolific Golden Triangle area of Northwestern British Columbia and was one of the first companies to adopt what has since become known as the prospect generator model, minimizing share equity dilution while at the same time maximizing opportunity. Earnings provided from option payments (received in cash and often also in shares of the optionee companies), have provided substantial income to Teuton.

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