Teuton Resources Corp. announces that it has received from its Joint Venture Partner Tudor Gold Corp. results of an updated Mineral Resource Estimate prepared by Garth Kirkham P. Geo., of Kirkham Geosystems Ltd., and JDS Energy and Mining Inc. for its flagship Treaty Creek project located in the Golden Triangle Region of British Columbia.

Tudor Gold's initial Mineral Resource Estimate for the Project was included in a technical report entitled "Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia, Canada", dated April 23, 2021, with an effective date of March 1, 2021. The MRE was prepared by Garth Kirkham, P.Geo, based on 201 diamond drill holes (148,474 meters) completed between 2007 and 2022. The MRE included 62,916 meters of diamond drill holes that were completed since the 2021 MRE.

The Goldstorm Deposit consists of six mineral domains with unique geological characteristics. Five of the domains are gold-dominant with lesser proportions of silver and copper. Domain CS-600 is dominantly gold and copper rich, with lesser silver.

The CS-600 hosts the majority of the copper at the Goldstorm Deposit and consists of a well-defined intrusive porphyry system. In 2023, the Company expects to continue to target the Goldstorm Deposit in particular the limits of the CS-600 and the DS-5 Domains. Definition and step-out drilling within the current resource will continue to target higher gold, silver and copper grades throughout the northern step-out expansion area at Goldstorm.

The overarching goal of future exploration programs is to increase the size of the current Treaty Creek Property Mineral Resource, continue to make new significant discoveries, and advance the Goldstorm Deposit and the Project towards an initial economic assessment. The Goldstorm MRE was prepared under the supervision of Garth Kirkham, P.Geo, FGC, of Kirkham Geosystems Ltd., and JDS who is an Independent Qualified Person, as defined by National Instrument 43- 101. Mr. Kirkham has reviewed and approved the technical contents of this news release.

Ken Konkin, P.Geo, President and CEO, Tudor Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Project. Mr. Konkin has reviewed, verified, and approved the scientific and technical information in this news release. Dino Cremonese, P. Eng., is the Qualified Person for Teuton Resources and although he was not involved in the preparation of the technical information, he has no reason to believe it is inaccurate.

Mr. Cremonese, as President & CEO of Teuton, is not independent of the Company.