Mr. Dino Cremonese reports

TREATY CREEK PROPERTY - 3.19 G/T GOLD EQUIVALENT (AUEQ) OVER 66 METERS (M) WITHIN WIDER INTERCEPTS OF 258 M OF 2.00 G/T AUEQ AND 570 M OF 1.21 GT AUEQ IN THE GOLDSTORM DEPOSIT

Teuton Resources Corp. has received the seventh and final set of assays from its joint venture partner, Tudor Gold Corp., in respect of the 2023 work program at the Treaty Creek property. Treaty Creek is located in the heart of the Golden Triangle of northwestern British Columbia, adjoining and on geological trend with Seabridge Gold's KSM property and Newmont Mining's Brucejack property.

Tudor Gold has safely and successfully completed the 2023 drilling program with a total of 31,904 metres (m) drilled within areas encompassing the Goldstorm deposit and the Perfectstorm zone. The assay results reported in this release are from two drill holes that targeted the northeastern area of the deposit.

Ken Konkin, president and chief executive officer of Tudor Gold, commented: "We are very pleased to release the results from the last two drill holes of the 2024 drill program. We completed 33 holes this year of which eight were completed at the Perfectstorm system and 25 drill holes at the Goldstorm deposit. The objective of the Goldstorm drilling was to convert as much of the inferred mineral resources to the indicated mineral resource category as well as expand the deposit into the north where we have encountered the strongest gold-copper-silver mineralization to date. I congratulate our field crews and service contractors for completing yet another safe and successful season. Clearly the highlight of these last two holes is the impressive continuation of encountering higher Au-Cu-Ag grades than contained within our latest NI 43-101 mineral resource estimate for the Goldstorm deposit which hosts an indicated mineral resource of 23.37 million ounces of gold equivalent grading 1.13 g/t [grams per tonne] AuEq and an inferred mineral resource of 7.35 million ounces of AuEq grading 0.98 g/t AuEq.

"An enriched core of mineralization occurs within the 300H and CS-600 domains. Drill hole GS-23-178-W1 demonstrates this well; the gold-dominant 300H domain cut an impressive intercept of 138 m grading 1.67 g/t AuEq which contains a centre core of mineralization that averages much higher: 3.08 g/t AuEq over 57 m. Down hole within the CS-600 domain, we intersected a much more impressive 258 m averaging two g/t AuEq with an enriched centre portion averaging 3.19 g/t AuEq over 66 m. It's important to note that we are still encountering incredibly long drill hole intercepts such as 570 m that averaged 1.21 g/t AuEq within the CS-600 domain in hole GS-23-178-W1. However, we are focused on developing areas with the highest gold and copper grades of the deposit and expanding the Au-Cu CS-600 domain as a priority. We are confident that the copper content will be an important factor as we advance this project. Within the DS5 domain, our last hole, GS-23-180, was unfortunately lost due to ground conditions and was abandoned in strong mineralization at depth. The final 4.75 m averaged 2.31 g/t AuEq. A significant intercept was encountered higher in the upper part of the domain averaging 1.01 g/t AuEq over 201 m and similarly had an enriched central portion that averaged much higher: 1.82 g/t AuEq over 81.5 m. Hole GS-23-178-W1 increases the drilling density in a significant area of the CS-600 domain that is characterized as inferred mineral resources and will support potentially converting that to indicated mineral resources whereas GS-23-180 was a stepout exploration drill hole, outside the current resource model to the northeast, and will add overall ounces to the next mineral resource estimate.

"Our technical team and consultants are currently updating the geological and resource model. Once our final interpretation is complete, we will plan the 2024 drill hole program. The goal is to close off and completely constrain the entire Goldstorm deposit so we can determine the location, shape, size and grade of all mineralized domains. When the deposit is completely drilled off and we have competed the final resource estimate, we plan to proceed with a preliminary economic study (PEA). The Goldstorm deposit remains open in all directions and at depth."

Section A:

• GS-23-178-W1: This hole was drilled to target the CS-600 domain where the current mineral resource estimate is categorized as inferred mineral resources. The hole first intersected the 300H domain with 138 m grading 1.67 g/t AuEq (1.60 g/t Au, 5.81 g/t Ag, 0.01 per cent Cu) and then successfully intersected the CS-600 domain with an overall interval of 570 m grading 1.21 g/t AuEq (0.75 g/t Au, 8.09 g/t Ag, 0.31 per cent Cu), including 258 m grading two g/t AuEq (1.30 g/t Au, 14.28 g/t Ag, 0.47 per cent Cu) and 66 m grading 3.19 g/t AuEq (1.99 g/t Au, 24.46 g/t Ag, 0.80 per cent Cu).

Section B:

• GS-23-180: This hole was drilled as a 175 m northern stepout on the DS5 domain. The hole successfully intercepted characteristic Au-Ag mineralization with a 201 m intercept of DS5 grading 1.01 g/t AuEq (0.92 g/t Au, 4.93 g/t Ag, 0.04 per cent Cu), including an 81.5 m intercept grading 1.82 g/t AuEq (1.64 g/t Au, 9.36 g/t Ag, 0.07 per cent Cu). This hole was lost within well-mineralized fractured ground over the final 4.75 m that averaged 2.31 g/t AuEq (2.17 g/t Au, 11.85 g/t Ag, 0.02 per cent Cu).

Qualified person

Mr. Konkin, PGeo, is the QP for Tudor Gold and has approved the technical information disclosed in a Jan. 16, 2024, news release by Tudor Gold, which includes the same technical information contained within this release. Dino Cremonese, PEng, is the qualified person for Teuton Resources (as president of the company he is not independent of the company). Mr. Cremonese has not personally verified the technical data taken verbatim from the Tudor Gold news release but has no reason to doubt their accuracy.

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 personnel. MSA Labs' quality system complies with the requirements for the international standards ISO 17025 and ISO 9001. MSA Labs is independent of Tudor Gold and the company.

About Treaty Creek

Teuton was the original staker of the Treaty Creek property, host to the large Goldstorm deposit, assembling the core land position in 1985. It presently holds a 20-per-cent carried interest in the Treaty Creek project (Tudor Gold is responsible for paying all exploration costs up until such time as a production decision is made and owns a 60-per-cent interest; American Creek Resources owns the remaining 20-per-cent interest, also carried). Additionally, Teuton owns a 0.98-per-cent net smelter royalty in the Goldstorm deposit area as well as in the northern portion of the Perfectstorm zone; within the southern portion of the Perfectstorm zone, Teuton owns a 0.49-per-cent NSR with an option to increase that to 1.49 per cent by paying $1-million to the current owner. It also owns numerous additional royalty interests within the Sulphurets Hydrothermal system on formerly 100-per-cent-owned properties such as the King Tut, Tuck, High North, Orion, Delta and Fairweather properties (King Tut and Tuck now owned by Newmont Mining; High North, Orion, Delta and Fairweather properties now owned by Goldstorm Metals).

The Treaty Creek project contains the Goldstorm deposit (a large gold-copper porphyry system) as well as several other mineralized zones. As disclosed in the March, 2023, news release, the Goldstorm deposit has an indicated mineral resource (as defined in National Instrument 43-101) of 23.37 Moz of AuEq grading 1.13 g/t AuEq (18.75 Moz gold grading 0.91 g/t, 2.18 billion pounds copper grading 0.15 per cent, 112.4 Moz silver grading 5.45 g/t) and an inferred mineral resource (as defined in NI 43-101) of 7.35 Moz of AuEq grading 0.98 g/t AuEq (5.54 Moz gold grading 0.74 g/t, 850 million lb copper grading 0.16 per cent, 45.08 Moz silver grading 5.99 g/t), with a pit-constrained cut-off of 0.5 g/t AuEq and an underground cut-off of 0.7 g/t AuEq. The Goldstorm deposit has been categorized into three dominant mineral domains and several smaller mineral domains. The CS-600 domain largely consists of an intermediate intrusive stock and hosts the majority of the copper mineralization within the Goldstorm deposit. CS-600 has an indicated mineral resource of 9.86 Moz AuEq grading 1.10 g/t AuEq (6.22 Moz gold grading 0.70 g/t, 1.98 Blb copper grading 0.32 per cent, 51.1 Moz silver grading 5.71 g/t) and an inferred mineral resource of 3.71 Moz AuEq grading 1.19 g/t AuEq (2.32 Moz gold grading 0.75 g/t, 760 Mlb copper grading 0.36 per cent, 18.71 Moz silver grading 6.01 g/t). The Goldstorm deposit remains open in all directions and requires further exploration drilling to determine the size and extent of the deposit.

About Teuton Resources Corp.

Teuton owns interests in more than 30 properties in the prolific Golden Triangle area of northwest British Columbia and was one of the first companies to adopt what has since become known as the prospect generator model. This model minimizes share equity dilution while at the same time maximizing opportunity. Earnings provided from option payments received, both in cash and in shares of the optionee companies over the past six years, have provided Teuton with substantial income.

We seek Safe Harbor.