Oct. 24, 2011, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”) and Silver Grail Resources Ltd. (“SVG”) are pleased to announce that line-cutting and an Induced Polarization survey have begun on their Roman and Andy properties, situated in the Talc Creek area on the east side of Harrison Lake, approximately 65 miles north of Vancouver, British Columbia. Preliminary indications are that the IP crew is seeing a very strong resistivity contrast and some strong chargeability.
These two properties cover the western third of a large ultramafic body which is known to host low-grade nickel mineralization. Soil geochemical surveys previously conducted over the Roman-Andy properties have uncovered multiple anomalies registering high values in nickel as well as cobalt.
The two adjoining Roman and Andy properties were formerly owned separately by Teuton Resources and Silver Grail, respectively, but because the zones of interest straddle both properties it has been decided that they are now to be jointly owned by both companies.
Update on Teuton’s Tennyson and High Properties
Diamond sawing of the remaining drill holes from the 2011 diamond drilling programs on Teuton Resources’ wholly-owned Tennyson and High claims, situated in the Stewart area of northwestern British Columbia, has just now begun (previously the operators were busy with other projects). Sawing should be complete within two weeks and assays should take about three to four weeks thereafter.
Dino Cremonese, P.Eng., is the Qualified Person for the purposes of this news release.
“Dino Cremonese, P.Eng.”
D. Cremonese, P.Eng.
Silver Grail Resources Ltd.
Teuton Resources Corp.
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This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teuton Resources Corp. has an ongoing obligation to disclose material information, as it becomes available.
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