Vancouver, BC – Teuton Resources Corp. has completed and received acceptance by the TSX Venture Exchange for the Company’s private placement announced Feb. 3, 2003. Under the terms of the placement, investors purchased 1,200,000 units of the Company at $0.20 per unit; each unit consists of one share and one non-transferable share purchase warrant entitling the investor to purchase an additional share of the Company at $0.20 per share, exercisable up until Feb. 3, 2005. There is a four month hold period on the shares. Funds will be used for general corporate purposes.

ON BEHALF OF THE BOARD

“D. Cremonese”

Dino Cremonese, P.Eng.

President

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