Teuton Resources Corp. (“TUO”) (“Teuton”) and Minvita Enterprises Ltd. (“MVE”)(“Minvita”) wish to announce that Falcon Drilling Ltd. of Prince George, BC, has been contracted to complete a minimum 600 meter drill program on Teuton and Minvita’s jointly owned Clone gold property, situated in the Stewart Mining Camp of northwestern British Columbia. Mobilization is set for August 28, 2003.
The Clone gold property is presently under option to Lateegra Resources Corp. (“LEG”) (“Lateegra). Under the terms of the agreement Lateegra can earn a 50% interest in the Clone property by carrying out $1,500,000 in exploration over the four year term of the option. To maintain the option through the first year Lateegra is obligated to spend $200,000 on the property prior to Dec. 31, 2003.
ON BEHALF OF THE BOARD
Dino Cremonese, P.Eng.
Teuton Resources Corp
Minvita Enterprises Ltd.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.