Teuton Reports Final Hole Drilled in 2025 at Treaty Creek

The November 4, 2025, news release reports the final drill results from the 2025 exploration program at the Treaty Creek property, operated by joint venture partner Tudor Gold. The release consolidates previously reported results and includes final assays from the last holes, GS-25-191 and its wedge hole GS-25-191-W1.

Key intercepts highlighted include: - GS-25-188: 54.0 meters (m) of 2.31 g/t gold (Au) - GS-25-189: 204.0 m of 0.65 g/t Au and a higher-grade 10.2 m of 3.72 g/t Au - GS-25-190: 73.5 m of 1.70 g/t Au - GS-25-191: 46.0 m of 1.70 g/t Au

The company confirmed that an updated Mineral Resource estimate for Treaty Creek is underway, incorporating the ~15,000 meters drilled in 2024 and 2025, with completion targeted for the fourth quarter of 2025. Tudor Gold also plans to commence underground excavation in the third quarter of 2026, subject to permit receipt.

The news is a routine and positive conclusion to the 2025 drill season. It confirms the continuity of gold mineralization within the Goldstorm deposit and successfully completes the planned program. The grades and intercepts are solid and in line with expectations for this style of deposit, continuing to build tonnage. However, they are not exceptional "discovery" style holes that would materially change the investment thesis on their own.

Looking at the progression of news: - June 20, 2025: The 2025 drill program's start was announced, focusing on expanding the high-grade SC-1 system. - October 10 & 17, 2025: Initial results from the program were released, showing good continuity and grade, such as 54.0m of 2.31 g/t Au in hole GS-25-188. - November 4, 2025: This final release consolidates the program's results. The primary value is the confirmation that the program is complete and the re-iteration of the timeline for the key upcoming catalyst: the updated Mineral Resource Estimate (MRE) in Q4 2025.

The impact of this news is neutral to slightly positive. It meets the market's expectations for continued progress at Treaty Creek. The stock price had a significant run-up from ~$0.80 in June to a high of $1.79 in October, anticipating these results. The subsequent pullback to $1.27 suggests the results were largely priced in. The market is now in a "wait and see" mode for the MRE, which will be the next material event. The confirmation that the MRE is on track for Q4 is the most important part of this release.

Teuton Resources is a Canadian mineral exploration company operating as a prospect generator. It holds interests in over thirty properties in the prolific Golden Triangle region of northwestern British Columbia.

Its flagship asset is its interest in the Treaty Creek Project, a joint venture with Tudor Gold (60% and operator) and American Creek Resources (20%). Teuton holds a 20% interest, which is fully carried until a production decision is made. This means Tudor Gold funds all of Teuton's share of exploration and development costs.

Crucially, Teuton also owns a 0.98% Net Smelter Royalty (NSR) on the core claims of the massive Goldstorm deposit at Treaty Creek, which has no buy-back provision. Treaty Creek is a large-scale gold-copper porphyry system with a significant existing resource. The focus of recent exploration has been on defining higher-grade, structurally controlled zones within the overall deposit, such as the Supercell-One (SC-1) complex, which could potentially support a high-grade starter mine.