Teuton Resources Corp. Change of Auditor to Charlton & Company; Appointment of New Director
Teuton Resources Corp. ("Teuton" or "the Company") (TSXV:TUO) (FSE:TFE) reports as follows: effective January 25, 2024, Charlton & Company, chartered professional accountants, have been appointed as Teuton's auditor until the next annual general meeting of the company. The board of directors thanks the firm of Manning Elliott LLP, chartered professional accountants, for its past services. Jeremy Zall has been appointed as a director of Teuton Resources and as a member of its Audit Committee. Mr. Zall has in excess of 12,000 hours of experience as a helicopter pilot, much of it gained in the Stewart region of northwestern British Columbia (the "Golden Triangle"). In 2005 he began flying for Prism Helicopters, a company which had a large fleet of rotary aircraft serving the Stewart region. Currently he is an owner of Bajo Reef Helicopters and also its Operations Manager and Director of Maintenance. During five out of the last six years, Teuton has contracted with Bajo Reef to provide a helicopter to assist in exploration of its many Stewart area properties.
D. Cremonese, P. Eng., President of Teuton, commented as follows: "Jeremy knows all of Teuton's properties intimately and has also taken a keen interest in their geology. In 2023 he discovered a prospective new occurrence which is now called the Zall massive sulfide zone on Teuton's Big Gold property. He is very enthusiastic and well-liked by all of Teuton's geological personnel. He will be a great addition to Teuton's Board of Directors."
About Teuton
Teuton owns interests in more than thirty properties in the prolific "Golden Triangle" area of northwest British Columbia and was one of the first companies to adopt what has since become known as the "prospect generator" model. This model minimizes share equity dilution while at the same time maximizing opportunity. Earnings provided from option payments received, both in cash and in shares of the optionee companies over the past 6 years, has provided Teuton with substantial income.
On Behalf of the Board of Directors of Teuton Resources:
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Barry Holmes
Director Corporate Development and Communications
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.