Nov. 3, 2011, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that optionees of the Bonsai, Four J’s and Lord Nelson properties have all made cash and/or share payments due under their respective agreements, taking the options into the next year.
On the Bonsai property, optionee Copper Creek Gold has made a $25,000 payment and issued 100,000 shares in its capital to Teuton. Rotation Minerals has made a $25,000 payment to Teuton, in regard to the Four J’s property. Frontline Gold, optionee of the Lord Nelson property, will be making a $25,000 payment to the Company in the form of 384,616 shares of Frontline Gold, valued at $0.065 per share.
Teuton currently owns six properties in the Stewart region of northwestern British Columbia where optionees are making cash and/or share payments, or advance royalty payments. The Company owns several other properties in the region which are available for option.
“Dino Cremonese, P.Eng.”
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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