July 16, 2012, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTC BB) is pleased to provide the following update on its litigation with American Creek Resources (“AMK”) concerning the Treaty Creek property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the “Golden Triangle”).
Teuton’s application seeking leave to amend Teuton’s Response to Civil Claim (Defence) referred to in Teuton’s June 8, 2012 News Release was heard by the Court on Monday, July 9, 2012. Written Reasons for Judgment were given Friday, July 13, 2012. A copy of the electronic version of the Reasons for Judgment can be found at Teuton’s website at http://teuton.com/images/master.pdf.
The Court allowed most of the amendments applied for by Teuton subject to liberty granted to AMK to apply for conditions of the permitted amendments. Included in the permitted amendments are allegations that the geoscientific data obtained by AMK respecting the Treaty Creek Property is unreliable. It should be noted that the permitted amendments are allegations only and have not been adjudicated upon by the Court on their merits.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
If you would like to be added to Teuton’s news distribution list, please send your email address to gary.teuton@shawlink.ca.
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. does have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
