RE:RE:E-Letter, 1st August 2020 is outVery interesting article :
Area 1—Treaty Creek Property: Core Discovery Claims covered by a 0.98% NSR. No provision for a buyback of this royalty. Teuton also has a
20% carried interest in the whole Treaty Creek property, carried until such time as a production decision is made.
Area 2—Treaty Creek Property: Peripheral Claims: This area constitutes all of the surrounding claims to the core of the Treaty Creek property
in Area 1. Royalty rate for this area is 0.49%. No provision for a buyback.
Area 3–King Tut and Tuck Properties: Teuton royalty of 2.0% in this region. No provision for a buyback.
Area 4—IC2 Claim: This small property was originally acquired by Teuton from a third party and subsequently sold to Pretium. A 1.5% NSR is payable
to the original owner, and a 0.5% NSR is payable to Teuton. After $500,000 is paid to the original owner, the NSR payable to Teuton increases to
2.0%. No provision for a buyback.
Area 5—High North Property: This is a high altitude, rugged property which nevertheless has significant potential for hosting deposits. The
property has been optioned to Tudor Gold and Teuton owns a 2.5% NSR in the High North property. No provision for a buyback of this royalty.
Area 6—Orion Property: The property is currently under option to Tudor Gold with a 2.5% NSR. There is no buyback on this royalty of this royalty.
Area 7—Delta East Property: The Delta East property is currently under option to Tudor Gold. Teuton owns a 1.5% NSR with no provision for a
buyback of this royalty. .
Area 8—Delta West Property: Currently under option to Tudor Gold, Teuton retains a 2.5% NSR (no buyback).
Area 9—Fairweather East Property: Teuton’s royalty in this property is 1%. No provision for a buyback.
Area 10—Fairweather West Property: Currently under option to Tudor Gold, Teuton retains a 2% NSR with no provision for a buyback.