June 8, 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 concerning the Treaty Creek property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the “Golden Triangle”).
Teuton Resources has filed a court application seeking leave to amend its Response to Civil Claim (Defence) in Supreme Court of British Columbia, Vancouver Registry, Action No. S-107895 brought by American Creek Resources Ltd. against Teuton Resources Corp. In the application, which is currently scheduled to be heard by the Court on July 9, 2012, Teuton Resources Corp. seeks to amend its Response to Civil Claim to raise new defences to the claims of American Creek Resources Ltd. to a 51% interest in the Treaty Creek Property.
The new defences sought to be raised by Teuton Resources Corp. include allegations that the geoscientific data obtained by American Resources Corp. Ltd. respecting the Treaty Creek Property is unreliable. It should be noted that these are proposed allegations only and have not been adjudicated upon by the Court on their merits.
A copy of Teuton Resources Corp.’s Notice of Application with attached proposed Amended Response to Civil Claim can be found at http://teuton.com/images/noa.pdf.
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. has an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
