Teuton Resources Corp V.TUO

RE:Never received press release

[bigboy999]

Tudor Gold Option Agreements Tudor Gold Corp. ("Tudor") and the Company have agreed to further amend the terms of four option purchase agreements on the Orion, Fairweather, Delta and High North properties, situated south of the KSM property of Seabridge Gold and west of the Brucejack-Snowfield property of Pretium Resources. The Company and Teuton have entered into amending agreements (collectively, the "Amending Agreements") to revise terms covering cash and share payments that were due as well as, in two of the property option agreements, future payments. Share and cash payment schedules are amended as follows, subject to the approval of the TSX Venture Exchange ("TSX-V"). Orion Property: 175,000 shares to be issued within five business days of Tudor receiving TSX-V approval of the Amending Agreement; all other provisions of the Orion Agreement shall remain unchanged Fairweather Property: 200,000 shares to be issued within five business days of Tudor receiving TSX-V approval of the Amending Agreement; all other provisions of the Fairweather Agreement shall remain unchanged. Delta Property: 200,000 shares to be issued within five business days of Tudor receiving TSX-V approval of the Amending Agreement; $100,000 to be paid on or before March 1, 2020; $200,000 to be paid on or before March 1, 2021; and $300,000 to be paid on or before March 1, 2022. High North Property: 200,000 shares to be issued within five business days of Tudor receiving TSX-V approval of the Amending Agreement; $100,000 to be paid on or before March 1, 2020; $200,000 to be paid on or before March 1, 2021; and $300,000 to be paid on or before March 1, 2022. Under the terms of the Amending Agreements, Tudor, in order to exercise the four property option agreements, must pay an additional aggregate sum of $1,890,000 (the final payment is in 2022) and issue an additional aggregate of 1,375,000 common shares. Dino Cremonese, P.Eng, President of Teuton commented: The 775,000 shares we will receive upon regulatory approval brings our present holdings of Tudor Gold to 2,975,000 shares. If the four option agreements go to the full term, this will increase to 4,350,000 shares. As Tudor Gold owns 60% of the Treaty Creek property, our Tudor shareholdings represent a welcome indirect interest in this exciting gold property which complements our present 20% carried interest (fully carried until a production decision is made) and 0.98% Net Smelter Royalty in the core portion of Treaty Creek. Pretium Resources Option Agreements In July of 2019, Pretium made the final payment of $400,000 of the $1,800,000 total purchase price earning a 100% interest in the King Tut, Tuck and Silver Crown west properties, situated south of Pretiums Valley of the Kings gold mine. Teuton retains a 2% NSR in the properties, no part of which can be bought back by Pretium.\ About Teuton Teuton owns interests in more than thirty 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. Eight of these properties are currently under option to third parties. Optioned properties and properties where optionees have already earned their interest, have generated cash proceeds of a little under $2.4 million since 2015, not including the value of shares received from the optioning companies Teuton was the original staker of the Treaty Creek property assembling the core land position in 1985. It presently holds a 20% carried interest in Treaty Creek (carried until such time as a production decision is made) as well as a 0.98% NSR in the claims covering the Goldstorm zone. A 0.49% NSR is owned in the peripheral claims. Shareholders and other interested parties can access information about Teuton at the Companys website, www.teuton.com. "Dino Cremonese, P.Eng." Dino Cremonese, P.Eng., President and Chief Executive Officer For further information, please visit the Company's website at www.teuton.com or contact: Barry Holmes Director Corporate Development and Communications Tel. [phone] Email: [e-mail]