VANCOUVER, B.C. | August 18, 2026 | Teako Minerals Corp. (CSE: TMIN) (the “Company” or “Teako”) is pleased to announce the commencement of its 2026 field program at the Tynset copper-zinc-silver (“Cu-Zn-Ag”) volcanogenic massive sulphide (“VMS”) project in central Norway. The current field program will include additional geological mapping and sampling, together with an Induced Polarization (“IP”) geophysical survey, designed to build upon the Company’s existing datasets and produce refined and high-priority drill targets within the Storbekken Priority 1 target area. The Company currently expects first diamond drill testing of priority targets at Tynset in Q4 2026-Q1 2027.
The Company also announces that it has expanded the Tynset Project through the staking and granting of four additional exploration licences covering the high-priority Nonsvola and Vingelen target areas (see Figure 1) thus expanding the strike length of the prospective volcanic belt.
Highlights
- Teako commences field program at the high-grade Tynset copper-zinc-silver (“Cu-Zn-Ag”) volcanogenic massive sulphide (“VMS”) project in central Norway. The current work program is designed to refine drill targets for testing on a priority basis in Q4 2026-Q1 2027.
- Tynset Project has been expanded through the staking and granting of four additional exploration licences covering the high-priority Nonsvola and Vingelen target areas (see Figure 1) thus expanding the strike length of the prospective volcanic belt.
- Geovisor Oy has been engaged to complete approximately 10 line kilometres of IP surveying across the Storbekken Priority 1 target area (see Figure 1) commencing mid October 2026.
About Field Program and Induced Polarization Survey
The 2026 field program at the Tynset Project will consist of i) detailed geological and structural mapping, together with systematic outcrop sampling for geochemical and spectral laboratory analysis (the “Field Program”), and ii) an IP geophysical survey covering the most prospective stratigraphy for high-grade VMS-style mineralization. The Field Program is designed to refine the positions of key lithological contacts and better characterize known mineralized and altered outcrops through geochemistry and spectral data. The collection of structural data along the planned IP survey lines will also improve the interpretation of the geophysical results. The Company will prioritize the resistivity and chargeability features which can be tied to the most promising surface geology, to improve the probability of successfully drilling a copper-rich VMS system.
Geological and structural mapping will be completed along the IP survey lines (see Figure 1), around known mineral occurrences and across areas of historical soil anomalism. Structural measurements will be collected using a consistent methodology to support the development of an improved three-dimensional geological interpretation and assist with the interpretation of geophysical data, historical drilling and future drill results.
Sampling will include mineralized material, representative whole-rock characterization samples and samples selected for spectral analysis. The resulting geological, structural, geochemical and spectral datasets are intended to improve the Company’s understanding of alteration patterns, mineralized trends and subsurface geometry.
A critical outcome for the IP survey can be directly linked to the known geology at Storbekken, where thick packages of felsic volcanic rocks, interpreted to have been altered to quartz-sericite schists, contain variable quantities of disseminated pyrite. The IP survey is expected to help delineate the subsurface geometry and electrical response of these zones, with elevated resistivity potentially associated with the high quartz content and chargeability responses potentially reflecting disseminated sulphides. Comparing surface geological, geochemical and alteration data on these zones with the IP profiles will assist with identifying areas where favourable geophysical responses coincide with the most intense and prospective alteration, helping to vector towards a potential prospective core of the hydrothermal system and guide drill targeting. Contact zones between felsic volcanic rocks and graphitic schists could be highly prospective target horizons, marking a sea-floor interface on which exhalative VMS mineralization may have originally formed. An example is seen at the Stekenjokk deposit in Sweden, a key analogue for the Tynset project. Priority drill targets will be defined where promising IP responses correlate with prospective surface geology, combining geophysical, geological and geochemical datasets to ensure that drilling tests the most promising areas of the Storbekken target.
Details of the IP Survey
The Company has engaged Geovisor Oy to complete approximately 10 line kilometers of IP surveying across the Storbekken Priority 1 target area (see Figure 1) scheduled for mid October 2026. The resulting IP dataset is expected to provide the principal three-dimensional geophysical framework for refined drill targeting to an anticipated depth of 200-350 metres, with priority anomalies identified and interpreted from each surveyed profile.
Surface geological observations and laboratory results from the Field Program will be incorporated into the IP sections, allowing the inverted geophysical responses to be compared directly with mapped lithological contacts, alteration, mineralization and structural features. This integrated interpretation is intended to improve the geological context of identified IP anomalies and support the refinement of high-priority drill targets.
About the Tynset Project
The Tynset Project is 100%-owned by the Company and is located in central Norway within the Tynset municipality, Innlandet County (see Figure 1). The Tynset Project consists of 14 granted exploration claims (covering a total area of 121 km2) that includes approximately 29 km of prospective strike length of the bimodal Hersjø Volcanic belt, which is considered to be fertile for the discovery of Cu-Zn-Ag VMS systems (Grenne, Vokes and Ihlen, 1999). The Project benefits from established infrastructure, including a railway line running along the Project’s eastern boundary that connects to the deep-sea ports in the Trondheim area. The Norwegian National Road 3 also crosses the Project area. The Tynset Project is contiguous to the Sivilvangen project in which the Company holds a 10% free-carried ownership interest up until final investment decision through its partnership with Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd (see Company press release dated January 5, 2026). The Tynset Project is supported by a significant historical database that indicates a favourable geological setting for Cu-Zn-Ag VMS mineralization. The Tynset Project was operated by Norwegian mining company Folldal Verk A/S in the 1980s and is understood by the Company to have ceased its exploration efforts in the late 1980’s due to declining commodity prices and changes in strategic objectives.
From a geological perspective, the Tynset belt consists of a bimodal volcanic sequence (both mafic and felsic volcanic rocks), together with intercalated metasedimentary rocks (including graphitic phyllites), and local sulfide occurrences. The Company has digitized a significant amount of historical exploration data1,2 collected across the belt including i) over 1,400 soil samples (with results returning up to 470 ppm Cu and 765 ppm Zn) (Folldal Verk A/S, 1981, 1982) ii) 335 stream sediment samples (returning up to 335 ppm Cu, 1,323 ppm Zn and 47 ppm Pb) (Krog, 1968), iii) over 1,800 ground magnetometer measurements (Cuttle, 1982) and iv) 23 rock chip samples reaching up to 2.44% Cu, 30.93% Zn and 14.94% Pb (Folldal Verk A/S, 1982), with NGU samples also showing grades of up to 197.1 g/t Ag (NGU, 2015). These data are supported by recently published airborne geophysical data from the Norwegian Geological Survey (“NGU”), from which the highly prospective priority 1 target, Storbekken, has been identified. The Storbekken target shows significant Cu-Zn soil anomalism over ~5 km of strike length, coincident with hydrothermally altered and mineralized felsic volcanics. Logging data from limited historical drilling (5 holes totalling 585 m) indicate that intense hydrothermal alteration was intersected (which has been interpreted by the Company to be indicative of proximity to a hydrothermal system associated with VMS mineralization). Limited assays from historical drilling (only 30.25m for Cu and Zn) returned low grade intervals of Cu and Zn, although no assays are available for Ag. The best visual interval recorded from 45.60 to 47.40 m in diamond drill hole S-83-4 was estimated to contain 10-15% sphalerite, however no assay results are available for the interval (Bjerkgård, 1990).
With prospective geology, extensive soil anomalism, and surficial indications of both hydrothermal alteration and mineralization, Teako believes that this target has significant potential to host a new Cu-Zn-Ag VMS discovery. Outside this Storbekken priority 1 target, the Company has identified further prospective target areas within the Tynset Project. The Nonsvola target, found toward the north-east end of the project area, shows clear similarities to the Storbekken target. Base metal mineralization is recorded both in outcrop (NGU rock chip grades up to 2.60 % Cu, 4.26 % Zn and 0.49 g/t Au (NGU, 2015))2 and in historic drill core, in a sequence of altered felsic volcanics and mixed volcaniclastics that been altered to quartz-sericite and quartz-chlorite schists. Targeting is supported by strong soil anomalies (up to 1,700 ppm Zn, 200 ppm Cu and 26 ppm Pb)(Bakke and Wilberg, 1984)2, contributing to a highly prospective target ready for follow-up investigations.
Adding to the potential of the north-east end of the project area is the historic Vingelen Mine, which sits ~4.5 km north-east and along strike of the Nonsvola target. The NGU report that the mine produced an estimated 30 Kt of sulphide ore at a grade of 1.30 % Cu, with historical drilling indicating mineralization down to a depth below surface of ~210 m (NGU, 2024)3. Two subparallel ‘plates’ of sulphide mineralization were historically found at the deposit, separated by 10 m of host rock. The north plate was the thicker of the two (up to 4 m) and was the focus of historic production. In 1983 Folldal Verk AS attempted to drill through both plates at depth with a single hole, intersecting the upper plate (1.70 m at 0.81 % Cu & 2.35 % Zn from 208.80 m) but was stopped short of the lower plate as the hole was abandoned due to unusually challenging winter drilling conditions (i.e. -30 °C) (Bakke and Wilberg, 1984). The deposit is interpreted as a fold repetition of the same sulphide horizon across a tight isoclinal fold (Bjerkgård, 1989), making the potential hinge zone a priority target for the discovery of a thickened and potentially economic sulphide body. The project also covers multiple untested greenfields areas where strong aeromagnetic anomalies are interpreted by the Company to represent potential volcanic centres that may host VMS mineralization.
1,2 Teako has not performed sufficient work to verify the published data reported above, but the Company believes this information to be considered reliable and relevant. Results reported are maximum values and may not be representative of all samples collected within the area being evaluated
3 Verweise auf nahegelegene Minen und analoge Lagerstätten liefern Kontext für die regionalen Ziele, sind aber nicht notwendigerweise ein Hinweis darauf, dass diese Ziele ähnliche Tonnagen oder Gehalte an Kupfermineralisierung führen.
Qualified Persons and Disclosure Statement
The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 (“NI 43-101”) and approved by Eric Roth, a Director of the Company and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation.
References:
Bjerkgård, T. (1990) BV5641 – The Nord-Østerdalen Project 1990. Folldal Verk A/S, p. 27.
Cuttle, J. (1982) BV3093 – Folldal Project 1982 Maps. Map Appendices N-81-1. FolldalVerk A/S, Amoco Norway Oil Company.
Folldal Verk A/S (1981) BV3091 – Folldal Project 1981 Maps. Map Appendices N-81-1. Folldal Verk A/S, Amoco Norway Oil Company.
Folldal Verk A/S (1982) ‘BV4176 – Geokjemi 1982, Folldal prosjekt.’ Folldal Verk A/S.
Krog, R. (1968) BV2925 – Geokjemiske undersokelser: Grimsdalen III, Savalen IV. NGU Report 760. Trondheim: NGU, Folldal Verk AS.
Bakke, O. and Wilberg, R. (1984) FOLLDAL PROJECT (N-81-1): 1983 Summary. Annual Report BV3096. Folldal Verk A/S, Amoco Norway Oil Company, p. 66.
Bjerkgård, T. (1989) Regionalgeologiske Undersøkelser i Vingelenfeltet, Nord-Østerdalen, i det sørlige Trondheimsfeltet, med henblikk på sulfidmineraliseringene. Cand. scient. oppgave. Universitetet i Oslo.
Grenne, T., Vokes, F.M. and Ihlen, P.M. (1999) ‘Scandinavian Caledonide Metallogeny in a plate tectonic perspective’, Mineralium Deposita, 34, pp. 422–471.
References to the NGU Resource Database are consolidated under this citation for simplicity. For all data sourced from this resource, please refer to: https://geo.ngu.no/kart/mineralressurser_mobil/?lang=eng
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns over 60 projects 100% and holds a 10% economic interest in the four (4) rare earth elements ("REE") projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Tynset, Venna and Løkken main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or "PGE"), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage in-country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s self-funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO
T: +1 (604)-871-4301
Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to timing of the expected drill program and IP survey at the Tynset project and the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s Discussion and Analysis, for the period ended January 31, 2026.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
Not for dissemination in the United States or distribution through U.S. newswires
Teako Announces Closing of Oversubscribed Private Placement
VANCOUVER, B.C. | July 24, 2026 | Teako Minerals Corp. (CSE: TMIN) (the “Company” or “Teako”) is pleased to announce the closing of its previously announced non-brokered private placement offering (the “Offering”) of common shares of the Company (“Common Shares”). Pursuant to the Offering, the Company issued 8,478,166 Common Shares at a price of $0.06 per Common Share for total gross proceeds of $508,690. The Offering was fully subscribed by the Company’s strategic investor group of K.A. Rasmussen AS. The Company intends to use the net proceeds of the Offering for anticipated exploration activities as well as general working capital. The Common Shares are subject to a four-month and one-day hold period. The Common Shares offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S. persons,” as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns over 60 projects 100% and holds a 10% economic interest in the four (4) rare earth elements (“REE”) projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or “PGE”), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage incountry, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s selffunded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the intended use of the net proceeds of the Offering and the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s Discussion and Analysis, for the period ended January 31, 2026.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com
VANCOUVER, B.C. | July 9, 2026 | Teako Minerals Corp. (CSE: TMIN) (FSE: O8U) (OTCPK: TMINF) (the “Company” or “Teako”) is pleased to announce that it has received formal approval to receive a grant of NOK 1,100,000 (approximately C$160,000) to undertake an Induced Polarization ("IP") survey and other exploration activities, including structural mapping and outcrop sampling (the "Exploration Program"), on priority targets at its 100%-owned high-grade Tynset copper-zinc-silver ("Cu-Zn-Ag") volcanogenic massive sulfide ("VMS") project (see Company press release dated April 21, 2026) located in Tynset Municipality, Innlandet County, Norway.
The grant has been awarded to Teako by Hedmark Fylkeskraft AS, a public entity of Innlandet County, and Tynset Municipality, with Hedmark Fylkeskraft AS funding 75% of the Tynset Exploration Program, Tynset Municipality funding 12.5%, and Teako contributing the remaining 12.5%, which may be satisfied through in-kind contributions. With a preliminary core logging exercise of the historical drill core on the Tynset project recently completed, the Tynset Exploration Program will commence as soon as practicable, with the IP survey commencing upon the appointment of a contractor. The Company will provide further updates as activities commence and progress. The Tynset Exploration Program is expected to advance existing priority targets to drill-ready status ahead of an expected drilling campaign during H2 2026.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns over 60 projects 100% and holds a 10% economic interest in the four (4) rare earth elements (“REE”) projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or “PGE”), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage in- country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s self- funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the timing and completion of the Exploration Program, the engagement of contractors, the provision of future updates, the advancement of exploration targets to drill-ready status, and the anticipated drilling campaign in H2 2026 and the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s Management’s Discussion and Analysis, for the period ended January 31, 2026.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com
VANCOUVER, B.C. | July 9, 2026 | Teako Minerals Corp. (CSE: TMIN) (the “Company” or “Teako”) announces a non- brokered private placement for the issuance of up to 8,333,333 common shares of the Company (the “Common Shares”) at a price of $0.06 per Common Share for aggregate gross proceeds of up to $500,000 (the “Offering”). The Company has received commitments for the full amount of the Offering from its strategic investor group of K.A. Rasmussen AS and anticipates closing the Offering promptly.
Closing of the Offering is subject to certain customary conditions, including, without limitation, approval of the Canadian Securities Exchange (the “CSE”) and the Common Shares being subject to a four-month and one-day hold period.
The Company intends to use the net proceeds of the Offering for anticipated exploration activities as well as general working capital.
The Common Shares offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S. persons,” as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns over 60 projects 100% and holds a 10% economic interest in the four (4) rare earth elements ("REE") projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company's website.
Teako's Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or "PGE"), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company's first-mover advantage in- country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company's self- funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako's foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the size of the Offering, expected participation of the Offering, the intended use of the net proceeds of the Offering, timing for closing the Offering, and the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward- looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s Discussion and Analysis, for the period ended January 31, 2026.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com
VANCOUVER, B.C. | July 8, 2026 | Teako Minerals Corp. (CSE: TMIN) (FSE: O8U) (OTCPK: TMINF) (the “Company” or “Teako”) is pleased to announce that it has entered into a non-binding Letter of Intent (“LOI”) with MERIDIANA Capital Group GmbH (“MERIDIANA”) dated July 8, 2026, outlining the framework for a recapitalization transaction resulting in the creation of a German-listed silver-focussed exploration company through the combination of certain of Teako’s Norwegian silver projects and a portfolio of German-sponsored exploration projects.
Pursuant to the proposed transaction structure, Teako shall contribute a 90% interest in seven (7) strategic Norwegian silver projects to a newly formed Norwegian subsidiary to be established by Teako (“NewCo”). All of the issued and outstanding shares of NewCo will subsequently be contributed for consideration equal to EUR 3,600,000 to a German listed company identified by MERIDIANA, which is ultimately expected to be renamed, and referred to herein as the “Resulting Issuer”. The consideration payable to Teako shall consist of EUR 100,000 in cash and EUR 3,500,000 in common equity of the Resulting Issuer. Concurrently with Teako’s contribution of the NewCo shares to the Resulting Issuer, MERIDIANA or an affiliate will contribute all of the issued and outstanding shares of a separate Norwegian exploration company holding a portfolio of twelve silver-exploration projects to the Resulting Issuer in exchange for common equity of the Resulting Issuer.
The proposed transaction is intended to establish a dedicated silver exploration platform combining Teako’s Norwegian silver portfolio with MERIDIANA’s additional twelve projects under a German public company structure. The parties believe that the transaction has the potential to enhance access to capital markets to accelerate exploration on the contributed projects, while creating a focussed silver exploration vehicle with a substantial Norwegian asset base. Teako will retain exposure to future project development through its retained 10% interest in the Projects and ownership interest in the Resulting Issuer. Teako is also expected to become the preferred provider of Norwegian exploration services (on standard commercial terms) to the Resulting Issuer going forward.
Highlights
• Creation of a German Listed Pure-Play Silver Explorer: Teako has agreed to contribute a 90% interest in seven (7) strategic Norwegian silver projects: Kvittinden, Husvika, Sund, Leland, Greipfjellet, Hyllvatnet and Vinterskard (the "Projects"), and MERIDIANA has agreed to contribute a further 12 silver projects, to an existing publicly listed entity which, upon completion of the proposed transactions, will be the Resulting Issuer. The Resulting Issuer will be a Germany-listed silver-focused Norwegian exploration company.
• Retained Strategic Upside: The transaction will allow Teako to further crystallize value from its Norwegian portfolio while maintaining significant exposure to future discoveries through both an equity ownership in the Resulting Issuer and retained direct interests in the 7 silver projects.
• Equity Position: Teako will be issued such number of fully paid common shares in the capital of the Resulting Issuer having an aggregate value of €3,500,000 (approximately C$5,660,000) upon closing of the transaction, which is expected to represent approximately 38.4% of the outstanding shares of the Resulting Issuer at closing.
• Cash Payment: Teako shall also receive a cash payment of €100,000 (approx. C$160,000) payable upon closing.
• 10% Free Carried Interest: Teako will retain a 10% beneficial ownership interest in each of the Projects, carried until the point of a Final Investment Decision (“FID”) on the Projects.
• Work Commitments: To ensure advancement of the Projects, the Parties have agreed to cause the Resulting Issuer to use its best efforts to conduct minimum aggregate expenditures of €2,250,000 (approximately C$3,650,000) within 3 years of the closing. These commitments are to be incurred in aggregate across the Projects as outlined in further detail below.
Terms of the LOI
Pursuant to the LOI, Teako and MERIDIANA have agreed to use their commercially reasonable efforts to enter into a definitive contribution agreement (the “Agreement”) within 90 days. Completion of the proposed transaction and the successful listing of the Resulting Issuer shares issuable to Teako remain subject to a number of conditions, including formation of NewCo, preparation of valuation and business plan materials, and certain regulatory and exchange approvals in Germany.
Teako will retain a 10% free carried ownership interest (the “Free Carry”) until FID in each of the Projects. If at any time the Resulting Issuer makes a FID to commence commercial production on the Projects or a Project, Teako and the Resulting Issuer shall form a joint venture (the ”JV”) pursuant to a definitive joint venture agreement (the “Joint Venture Agreement”). Upon FID, the Resulting Issuer will be responsible for sourcing funding to bring the Projects or the Project into production, and Teako shall not be responsible for any costs of establishing the JV or financing the Projects until commercial production has commenced.
The LOI also provides Teako with certain anti-dilution protections so that any financing of the JV will not impact Teako’s Free Carry prior to the point of commercial production. After the commencement of commercial production, all Joint Venture interest holders will participate in the costs and distributions of the Joint Venture pro rata. Dividends or distributions will start to be distributed to the parties after any financing loans made to the JV are paid off from the revenues from the production. Teako shall have no parent obligations for repayment in the event the mine is closed prior to final repayment of any such loan(s).
The Agreement shall contain a commitment by the Resulting Issuer to use its best efforts to incur work commitments of not less than €2,250,000 (approximately C$3,650,000) on the Projects following closing on the following schedule:
| Timeline (post closing) | Minimum exploration expenditure |
|---|---|
| By 1st anniversary | €500,000 |
| By 2nd anniversary | €750,000 |
| By 3rd anniversary | €1,000,000 |
| Total commitment | €2,250,000 |
The Resulting Issuer will establish its own dedicated team of personnel. In addition, Teako may be engaged on an as- needed basis to provide exploration services in Norway and other services to the Resulting Issuer on customary commercial, arm’s-length terms at market rates.
About the Projects The seven Projects (see Figure 1) that will be contributed by Teako under the LOI are all 100% owned by Teako and are all located within highly prospective belts for the discovery of high-grade polymetallic and silver deposits in Central and Northern Norway.
Husvika Project
Located in the Nordland region of Northern Norway, the Husvika Project consists of seven (7) licence claims (covering a total area of 48,5 km2), and benefits from exceptional infrastructure, including the Husvika port. Historic mining and modern exploration data, including rock chip sampling undertaken by the Norwegian Geological Survey (”NGU”), indicate the potential for high-grade polymetallic skarn-type mineralization with strong silver enrichment and district-scale exploration potential (see Figure 2).
At the centre of the project lies the historic Husvika zinc-lead-silver (”Zn-Pb-Ag”) deposit, where previous mining campaigns between 1897 and 1951 reported extraction of an estimated 8,000 tonnes of ore from several high-grade lenses distributed along a 1.5 km mineralized trend (Torgersen, 1928). Mineralization occurs within broadly N-S-trending skarn- hosted sulphide systems containing sphalerite, galena and silver and with a cumulative strike length exceeding 5 km (Birkeland & Bjørlykke, 1993). The broader Husvika district hosts numerous historic workings, including the Hilda Mine, Nordre Sivertsen, Søndre Sivertsen, Lille Hatten, and several satellite occurrences distributed along the mineralized corridor.
This widespread mineralization demonstrates possible continuity and scale of the system throughout the project area. Importantly, historical geophysical surveys identified conductive anomalies at depth beneath the southern part of the project area, suggesting the potential for mineralization extensions below historically mined levels (NGU Report BV4058, 1974). Historical exploration also identified multiple gold anomalies in stream sediment surveys proximal to the main Pb- Zn-Ag mineralization, highlighting the potential for additional precious metal enrichment within the district (BP Minerals, 1984).
Kvittinden & Greipfjellet Projects
Kvittinden Project
The Kvittinden Project is a polymetallic target opportunity located in Nordland County, Norway. The Project consists of 27 license claims (covering 220 km2) and benefits from excellent regional infrastructure, including established forestry and access roads, proximity to a local airport, and connectivity to a deep-water port and regional airport in Mosjøen. Kvittinden sits within highly prospective metasedimentary and metavolcanic rocks, which host multiple styles of mineralization, including volcanogenic massive sulphide (”VMS”), Mississippi Valley-Type (”MVT”), and skarn mineralization.
Historical exploration by major Scandinavian mining groups including Boliden and LKAB identified high-grade mineralized boulders across the property (see Figure 3) with maximum silver-lead grades of 423 g/t Ag and 30% Pb (Lilljequist, 2014). The NGU also sampled outcrops in the area which have presented grades to 132 g/t Ag and up to 10 % Zn, highlighting the polymetallic nature of this area. The mineralized boulder locations are consistent with ice flow directions and extend over approximately 10 km, suggesting the presence of a significant undiscovered bedrock source (Acosta-Gongora et al., 2024) with mineralized horizons at Tverrelva (up to 9.3 % Zn) being strong source candidates.
More recent work by Scandinavian Resources advanced the understanding of the region through airborne electromagnetic (“VTEM”) and magnetic surveys alongside diamond drilling campaigns (Forslund, 2011, Hannans, 2012). Teako has since acquired and reprocessed the VTEM dataset using modern Maxwell plate modelling, significantly refining the project’s drill targeting capability with identification and assessment of 49 conductive Maxwell plates. Of these, 15 occur within prospective greenstones along the Tverrelva trend and are considered high-priority VMS targets. With strong infrastructure, compelling historical exploration results, modern geophysical targeting, and district-scale polymetallic potential, the Kvittinden Project represents a highly prospective exploration asset within Norway’s emerging critical minerals sector.
Greipfjellet Project
The Greipfjellet Project is also located in Nordland County, Norway. The Project consists of 10 license claims (covering 92 km2) and also benefits from excellent regional infrastructure, including local roads, airport access, and proximity to a deep- water port in Mosjøen (see Figure 3). Previous work includes a VTEM airborne geophysical survey completed by Scandinavian Resources AB in 2010 and regional till sampling conducted by the NGU. Teako has acquired and reprocessed the historical VTEM dataset to improve target definition and refine exploration priorities. Maxwell plate modelling by Geotech Airborne Ltd identified 49 conductive plates across the area many of which reside in the Greipfjellet licence area, several of which are located within prospective greenstone and felsic volcanic units considered favourable for VMS mineralization. These targets represent priority areas for future exploration and possible drill testing.
Geologically, the project area is composed primarily of rocks known to host base metal mineralization and similarities have been drawn with deposits such as Stekenjokk in Sweden and Bathurst in Canada. Geological and FDEM geophysical trends highlight indications that prospective geology may extend from the Swedish border hosting the Stekenjokk deposit into the Greipfjellet licences. Work undertaken by the NGU (Acosta 2024) has highlighted prospectivity across this region, with prospectivity for both precious and base metals noted across the licence area.
Hyllvatnet Project
The Hyllvatnet Project comprises a single licence claim (covering 10km2) and is situated north of Trondheimsfjorden, about 40 km north of the city of Trondheim. The project hosts three historical mineral occurrences along the contact between Paleoproterozoic migmatitic gneiss and younger metasedimentary rocks and greenstones of the Seve Nappe, partly characterised by elevated precious- and base-metal grades. The area benefits from excellent infrastructure, including direct road access via public and local forestry roads/hiking trails, as well as proximity to shipping facilities in Trondheim and the international airport at Stjørdal. Assay results from the NGU database exist for 14 samples collected across the mineral occurrence sites with grades averaging 133 g/t Ag and 1.94 % Cu and values reaching 248.6 g/t Ag, 6.2 % Cu and 0.67% Mo (Geo.ngu.no, 2026) (see Figure 4). The NGU have also reported geophysical (Induced Polarization) anomalies along the lithological contact (Figure 4). This, coupled with the notable surface grade data, highlights the prospectivity of the Project.
Sund and Leland Projects
Sund Project
The Sund Project consists of two license claims (covering 15 km2) and is located in Nordland, Norway, about 15 km east of Sandnessjøen and hosts the historic Ladingen trench (1930s), known for its silver and base-metal grades (see Figure 5). The area’s geology comprises marble interlayered with mica schist and gneiss, with proximal Caledonian granite intrusions. A 5 m long adit exposes a ~10 cm quartz vein with galena, arsenopyrite, and minor pyrite. The vein reportedly extends several metres along strike before disappearing beneath overburden on the shoreline. NGU sample assays (Geo.ngu.no, 2026) show elevated lead and silver in samples from the vein, with up to 2.13 % lead and 489 g/t silver.
Leland Project
Teako’s Leland Project is located in Nordland County and consists of 2 license claims covering 8.7 km2. The Project lies 17 km northeast of Sandnessjøen covering the historic Leirfjord lead–zinc–silver occurrences. Mineralization occurs as massive galena–sphalerite (± pyrrhotite) bodies hosted within calcitic marble of a Cambro–Silurian metasedimentary sequence situated adjacent to the Caledonian Lifjell granodiorite. The mineralization is structurally controlled, remobilized into fold hinges and marble–schist contacts. At the historical main Smøråsen pit, mineralization occurs in three lenses and a 1 m thick zone has been identified at Småhaugene.
Historical work includes mining in the 1880s – 1930s and an NGU exploration program in 1974 involving mapping, soil sampling, and VLF geophysics (Cramer, 1974). Rock chip samples over the areas from the NGU have returned assay grades up to 264 g/t silver, 10% zinc and 16% lead (NGU, 2015) (see Figure 5). Lead isotope data collected for a series of deposits throughout the region by the University of Oslo have linked the Leirfjord mineralization with other deposits in the region and studies have confirmed skarn-style mineralization (Birkeland 1993). Leirfjord has been classified as a “Husvika Type” and sits within a cluster of deposits including Husvika, Leirfjord, Langkilen and Svenningdale. Lead isotopes for these deposits overlap with the regionally significant Bindal batholith and the Caledonian of the Scandinavian massive sulphide deposits.
Vinterskard Project
The Vinterskard Project is a polymetallic exploration project measuring 10 km2 in size, with notable precious metal grades located in the Grane municipality of Nordland, representing an exciting opportunity to fully investigate this precious metal potential. Situated approximately 18 km from Trofors, the site benefits from excellent infrastructure, lying in close proximity to the E6 highway and local railway line, and is a mere 1.2 km from the nearest road. The regional geology is characterized by quartz-diorite units within the Helgeland Nappe Complex and the project is highlighted by the Skjerphaugen occurrence, a hydrothermal vein system reported to be approximately 0.7 m in thickness. Waste rock material contains disseminated galena and bands of nearly massive arsenopyrite locally reaching 3 to 4 centimeters in thickness. Historical NGU sampling has yielded significant high-grade results, with assays returning up to 29.08 g/t Au, 193.2 g/t Ag, and 2.97% Pb (29,733 ppm) (Geo.ngu.no, 2026) (see Figure 6). Furthermore, the quartz vein material returned up to 0.12% Co, presenting an additional target, yet to be fully assessed. Vinterskard currently remains largely untested by modern exploration, although with compelling historical high-grade gold, silver, and polymetallic results.
About MERIDIANA
MERIDIANA Capital Group GmbH is building a capital markets platform focused on strategic metals, with an emphasis on silver exploration projects in Norway and across Scandinavia. The Company combines capital markets expertise with the acquisition, development and strategic advancement of high-potential mineral assets, creating a bridge between resource projects and public market investors. Through its international network and experience in corporate finance, MERIDIANA aims to unlock value by identifying, financing and advancing strategically important silver exploration opportunities while providing efficient access to the capital markets.
Qualified Persons and Disclosure Statement
– 10 – The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 (“NI 43-101”) Standards of Disclosure for Mineral Projects, and reviewed and approved by Eric Roth, a Non-Executive Director of Teako and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists. Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns over 60 projects 100% and holds a 10% economic interest in the four (4) rare earth elements (“REE”) projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or “PGE”), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage in- country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s self- funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the contribution of the Projects to NewCo and contribution of NewCo to the Resulting Issuer, the terms of the definitive contribution agreements, the proposed timing for closing, regulatory and stock exchange approvals, Teako’s expected pro forma ownership of the Resulting Issuer, the expected work commitments and exploration activities of the Resulting Issuer, expected mineralization and commercial viability of mineral resources, the anticipated benefits of the proposed transaction and the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward- looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g.,
– 11 – operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s Management’s Discussion and Analysis, for the period ended January 31, 2026.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
Project References:
Sund: i) Geo.ngu.no. (2026). Metaller. [online] Available at: https://geo.ngu.no/api/faktaark/mineralressurser/visMetaller.php?objid=2340&lang=nor. Vinterskard: i) Geo.ngu.no. (2026). Metaller. [online] Available at: https://geo.ngu.no/api/faktaark/mineralressurser/visMetaller.php?objid=2138&lang=nor Leland: i) BV3722: Cramer (1974). Malmundersøkelser i Leirfjord, Nordland fylke. ii) Geo.ngu.no. (2015). Metaller. [online] Available at: https://geo.ngu.no/api/faktaark/mineralressurser/visMetaller.php?objid=2823&lang=nor. Husvika: i) Birkeland, A. & Bjørlykke, A. (1993). Pb isotopic constraints on the origin of the Husvika Zn-Pb deposit in Nordland, north-central Norway. Norsk Geologisk Tidsskrift, Vol. 73, pp. 43–54. ii) NGU Report BV4058 (1974). Malmundersøkelser i Husvik. Norges geologiske undersøkelse. iii) Torgersen, J.C. (1928). Sink- og blyforekomster på Helgeland. Norges geologiske undersøkelse, NGU 131, pp. 1–79. iv) Wilberg, R. (2011). Husvika Zn-Pb Occurrence. Prepared for Scandinavian Resources AB. v) BP Minerals (1984). Stream Sediment Sampling Programme, Husvika Area. Internal exploration reporting referenced in project compilation data. Hyllvatnet: i) NGU Report no.: 97.133. Solli et al. (1997). Proterozoic Basement and Scandian Geology of the outer Trondheimsfjord Region. ii) Geo.ngu.no. (2026). Metaller. [online] Available at: https://geo.ngu.no/api/faktaark/mineralressurser/visMetaller.php?objid=164&lang=nor. iii) Geo.ngu.no. (2026). Metaller. [online] Available at: https://geo.ngu.no/api/faktaark/mineralressurser/visMetaller.php?objid=162&lang=nor. iv) Geo.ngu.no. (2026). Metaller. [online] Available at: https://geo.ngu.no/api/faktaark/mineralressurser/visMetaller.php?objid=163&lang=nor. Kvittinden: i) Acosta- Gongora, P. et al. (2024). A multi-domain approach for soil geochemical anomaly mapping: a case study from the Hattfjelldal area, Norway. Ore Geology Reviews. Manuscript Draft. ii) Forslund (2011). Scandinavian Resources undersökningar i Hattfjelldal. Presentation at NGU Day, Trondheim. iii) Hannans (2012). Scandinavian Copper-Gold Portfolio. iv) Lilljequist (2014). Evaluation of the occurrence of massive sulphide boulders at Famnvatnet and Rössvatnet in Norway. Greipfjellet: i) Acosta-Gongora, P. et al. (2024). A multi-domain approach for soil geochemical anomaly mapping: a case study from the Hattfjelldal area, Norway. Ore Geology Reviews, manuscript draft. ii) Bjerkgård, T. (2021). Geology and Ore Deposits in Hattfjelldal, Nordland. NGU Report 2021.012. iii) Dahl, R. (1987). Kilvassaksla Cu + Au-førende forekomst. Prøvetaking og diamantboring. BV3401. iv) Forslund, T. (2011). Scandinavian Resources undersökningar i Hattfjelldal. Presentation at NGU Day, Trondheim. v) Geo.ngu.no (2026). Metaller. Available at: NGU Mineral Resources Database 400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com
VANCOUVER, B.C. | May 5, 2026 | Teako Minerals Corp. (CSE: TMIN) (the “Company” or “Teako”) is pleased to announce that its partner, United Minerals Australia Pty Ltd (“United Minerals”), through its wholly owned subsidiary Nordic Minerals AS has commenced preliminary work at the National Drill Core Archive in Løkken, central Norway. The work includes historical drill core photography and logging, and is, among other objectives, intended to also support the planning of the initial work on the five (5) copper-zinc-silver-gold projects; Sivilvangen, Mykkelvika, Hellemyr, Klasberget, and Heimdalhaugen (the “Projects”). Teako holds a 10% free-carried ownership interest in the Projects through to final investment decision (“FID”) (see Company press release dated January 5, 2026).
A part of the Company’s in-house geological team was engaged to undertake the core photography and logging activities. The work is being performed on a fee for service basis, as part of the Company’s broader portfolio strategy, which includes offering services on partner-funded projects without compromising the advancement of its main projects.
Sven Gollan, Chief Executive Officer of the Company, commented: “With United Minerals, an active and professional team has entered the Norwegian exploration and mining sector. Teako highly values this partnership and looks forward to supporting their ongoing activities and long-term development.”
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns 62 projects 100% and holds a 10% economic interest in the four (4) rare earth elements (“REE”) projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or “PGE”), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage in- country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s self- funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the expectations in relation to the work of its partners at United Minerals, and the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s Discussion and Analysis, for the period ended October 31, 2025.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com
VANCOUVER, B.C. | May 5, 2026 | Teako Minerals Corp. (CSE: TMIN) (the “Company” or “Teako”) is pleased to announce that it has elected to rely on Coordinated Blanket Order 51-933 (“Blanket Order”) and move to semi-annual financial reporting (“SAR”). The Blanket Order is a Canadian securities regulators’ pilot program launched in March 2026, that allows eligible issuers listed on the Canadian Securities Exchange (“CSE”) to voluntarily move from a quarterly to a semi-annual financial reporting framework.
The Company’s fiscal year ends on January 31. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management’s Discussion & Analysis (“MD&A”) for its first and third quarters.
- Interim Period: The Company will not file an interim report for the first quarter (Q1) ending April 30 and the third quarter (Q3) ending October 31; and
- Ongoing Reporting: The Company will continue to file audited financial statements (due within 120 of January 31) and unaudited six-month interim financial reports (due within 60 of July 31).
The Company confirms it meets the pilot program’s eligibility criteria, which include being an issuer on the CSE with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. The Company believes that adopting SAR will reduce the administrative and financial burden associated with quarterly reporting and is consistent with the objectives of the Blanket Order.
This press release is being filed pursuant to the Blanket Order. The Company remains committed to timely and transparent disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 – Continuous Disclosure Obligations.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns 62 projects 100% and holds a 10% economic interest in the four (4) rare earth elements (“REE”) projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or “PGE”), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage in- country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s self- funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s Discussion and Analysis, for the period ended October 31, 2025.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com
VANCOUVER, B.C. | April 24, 2026 | Teako Minerals Corp. (CSE: TMIN) (the “Company” or “Teako”) is pleased to announce that it has engaged Trion Communications GmbH (“Trion”) to facilitate an institutional roadshow in Germany as well as related administrative and communication support following the roadshow (the ”Services”) for a total consideration of €7,900 paid as a one time fee. The Services include distributing Company news and other material produced during the roadshow, translating shareholder communications, and coordinating editorial placements in German financial publications.
The roadshow follows the recent secondary listing of the Company’s common shares for trading on the Frankfurt Stock Exchange (see Company press release dated April 23, 2026). During the roadshow, which is expected to commence mid- June, Trion will facilitate meetings in Frankfurt, Munich, and Hamburg targeting sophisticated German investors. The program will include luncheons with up to 20 investors, small-group presentations and individual meetings in each city.
About Trion Communications GmbH
Trion Communications GmbH is a Germany-based roadshow and public relations firm specializing in corporate communications for resource and exploration companies. Trion focuses on enhancing corporate visibility and facilitating transparent communication between listed companies and the investment community across the DACH region (Germany, Austria, and Switzerland). Trion provides services including the organization of roadshows, preparation of communication materials, and coordination of meetings and venues with market participants. Trion does not provide investment advice, investment brokerage, or any regulated financial services. All activities are strictly limited to communication support and do not include any form of recommendation, solicitation, or placement of financial instruments.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns 62 projects 100% and holds a 10% economic interest in the four (4) rare earth elements (“REE”) projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or “PGE”), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage in- country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s self- funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the expectations in relation to the engagement of Trion and the services provided thereunder, and the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s Discussion and Analysis, for the period ended October 31, 2025.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com
VANCOUVER, B.C. | April 23, 2026 | Teako Minerals Corp. (CSE: TMIN) (the “Company” or “Teako”) is pleased to announce that its common shares have commenced trading on the Frankfurt Stock Exchange (“FSE”) under the symbol “O8U”, representing an important milestone in the Company’s strategy to expand its international investor base and increase global market visibility and liquidity, while complementing its primary listing on the Canadian Securities Exchange (CSE), under which the Company’s shares will continue to trade under the symbol “TMIN”.
In response to increasing market interest from Germany and a growing German and broader European shareholder base within the Company, the Frankfurt Stock Exchange provides the access to one of Europe’s largest and most active capital markets, increasing exposure to institutional and retail investors and is expected to enhance liquidity, increase trading volumes, broaden investor access and support the Company’s next phase of growth.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns 62 projects 100% and holds a 10% economic interest in the four (4) rare earth elements (“REE”) projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or “PGE”), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage in- country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s self- funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s Discussion and Analysis, for the period ended October 31, 2025.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com
VANCOUVER, B.C. | April 21, 2026 | Teako Minerals Corp. (CSE: TMIN) (the “Company” or “Teako”) is pleased to announce the addition of the 100%-owned Tynset copper-zinc-silver (”Cu-Zn-Ag”) volcanogenic massive sulfide (”VMS”) Project to the Company’s core project portfolio in central Norway, which also includes the Løkken-Venna VMS district. The Tynset Project was acquired by the Company through staking and represents a high-priority and advanced-stage exploration target supported by a substantial amount of historical and recently published geological data that collectively indicate a favourable geological setting for Cu-Zn-Ag VMS deposits.
The Company currently expects drill target definition work at the Tynset Project to be completed in mid-2026, with the initial diamond drill testing of priority targets to be undertaken during H2 2026.
Highlights
- The 100%-owned Tynset Project was acquired by the Company through staking and represents a high-priority and advanced-stage exploration target covering approximately 19 km of prospective stratigraphy in the bimodal Hersjø Volcanic belt for the discovery of Cu-Zn-Ag VMS deposits.
- A significant database of both historical and recently published geological data exists and supports the concept of the Tynset Project being a favourable geological setting for VMS-style Cu-Zn-Ag mineralization.
- The Company has already digitized a significant amount of the available historical exploration data collected across the belt, including 1,400 soil and 23 rock chip samples, 335 stream sediment samples, and 1,800 ground magnetometer readings. These results have allowed for the definition of priority areas for immediate follow-up field review.
- Recently published airborne geophysical data from the Norwegian Geological Survey indicates areas of magnetic highs which are interpreted by the Company to represent potential volcanic centres, with a priority 1 target “Storbekken” having already been identified.
- The Storbekken target also shows significant Cu-Zn soil anomalism over ~5 km of strike length, coincident with hydrothermally altered and mineralized felsic volcanics.
- The next steps for the Tynset Project will be drill target definition activities, including structural mapping, outcrop sampling, an Induced Polarization (“IP”) geophysical survey followed by initial diamond drilling on priority targets.
About the Tynset Project:
The Tynset Project is 100%-owned by the Company and is located in central Norway within the Tynset municipality, Innlandet County. The Tynset Project consists of 10 granted exploration claims (covering a total area of 88 km2) that covers approximately 19 km of prospective strike length of the bimodal Hersjø Volcanic belt, which is considered to be fertile for the development of Cu-Zn-Ag VMS systems (see Figure 1). The Project benefits from established infrastructure, including a railway line running along the Project's eastern boundary that connects to the deep-sea ports in the Trondheim area. The Norwegian National Road 3 also crosses the Project area. The Tynset Project is contiguous to the Sivilvangen project in which the Company holds a 10% free-carried ownership interest up until final investment decision through its partnership with Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd (see Company press release dated January 5, 2026).
The Tynset Project is supported by a significant historical database that indicates a favourable geological setting for Cu-Zn- Ag VMS mineralization. The Tynset Project was operated by Norwegian mining company Folldal Verk A/S in the 1980s and is understood by the Company to have ceased its exploration efforts in the late 1980’s due to declining commodity prices and changes in strategic objectives.
From a geological perspective, the Tynset belt consists of a bimodal volcanic sequence (both mafic and felsic volcanic rocks), together with intercalated metasedimentary rocks (including graphitic phyllites), and local sulfide occurrences. The Company has digitized a significant amount of historical exploration data1 collected across the belt including i) over 1,400 soil samples (with results returning up to 470 ppm Cu and 765 ppm Zn) (Folldal Verk A/S, 1981, 1982) ii) 335 stream sediment samples (returning up to 335 ppm Cu, 1,323 ppm Zn and 47 ppm Pb) (Krog, 1968), iii) over 1,800 ground magnetometer measurements (Cuttle, 1982) and iv) 23 rock chip samples reaching up to 2.44% Cu, 30.93% Zn and 14.94% Pb (Folldal Verk A/S, 1982), with NGU samples also showing grades of up to 197.1 g/t Ag (NGU, 2015).
These data are supported by recently published airborne geophysical data from the Norwegian Geological Survey (“NGU”), from which a highly prospective priority 1 target, Storbekken, has been identified (Figure 1). The Storbekken target shows significant Cu-Zn soil anomalism over ~5 km of strike length, coincident with hydrothermally altered and mineralized felsic volcanics. Logging data from limited historical drilling (5 holes totalling 585 m) indicate that intense hydrothermal alteration was intersected (which has been interpreted by the Company to be indicative of proximity to a hydrothermal system associated with VMS mineralization). Limited assays from historical drilling (only 30.25m of core were analyzed, and solely for Cu and Zn) returned low grade intervals of Cu and Zn, although no assays are available for Ag. The best visual interval recorded from 45.60 to 47.40 m in diamond drill hole S-83-4 was estimated to contain 10-15% sphalerite, however it was not assayed (Bjerkgård, 1990).
With prospective geology, extensive soil anomalism, and surficial indications of both hydrothermal alteration and mineralization, Teako believes that this target has significant potential to host a new Cu-Zn-Ag VMS discovery. Outside this Storbekken priority 1 target, the Company has identified further prospective target areas within the Tynset Project where strong aeromagnetic anomalies are interpreted by the Company to represent potential volcanic centres that may host VMS mineralization.
Historical geochemical data reported are sourced from: i) Bjerkgård, T. (1990) BV5641 – The Nord-Østerdalen Project 1990. Folldal Verk A/S, p. 27. ii) Cuttle, J. (1982) BV3093 – Folldal Project 1982 Maps. Map Appendices N-81-1. Folldal Verk A/S, Amoco Norway Oil Company. iii) Folldal Verk A/S (1981) BV3091 – Folldal Project 1981 Maps. Map Appendices N-81-1. Folldal Verk A/S, Amoco Norway Oil Company. iv) Folldal Verk A/S (1982) ‘BV4176 – Geokjemi 1982, Folldal prosjekt.’ Folldal Verk A/S. v) Krog, R. (1968) BV2925 – Geokjemiske undersokelser: Grimsdalen III, Savalen IV. NGU Report 760. Trondheim: NGU, Folldal Verk AS. vi) NGU (2015) Bjørkåsen. Mineral Resources Database Factsheet 5629. NGU. Available at: https://geo.ngu.no/api/faktaark/mineralressurser/visImiNasOreOmr.php?objid=5629 (Accessed: 17 April 2026). Whilst the Company has not performed sufficient work to verify the geochemical data reported above, the Company believes this information to be reliable and relevant.
Next Steps
The next steps for the Tynset Project include field-based exploration activities – including structural mapping, outcrop sampling, and an Induced Polarization (“IP”) geophysical survey – with follow-up diamond drilling on priority targets currently expected to be undertaken during H2 2026.
Update on Other Core Projects
The next steps for the Venna Project include further geological mapping and systematic sampling, currently anticipated to be carried out during H2 2026. These activities will build on the positive results of the 2025 field program (see Company press release dated December 8, 2025) and are designed to refine and prioritize target areas for subsequent advanced geophysical surveys.
The Company is currently conducting a comprehensive review and evaluation of all available data, together with available options, in respect of its Løkken Project.
Qualified Persons and Disclosure Statement
The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 (“NI 43-101”) Standards of Disclosure for Mineral Projects, and reviewed and approved by Eric Roth, a Non-Executive Director of Teako and a Qualified Person under NI 43- 101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists. Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns 62 projects 100% and holds a 10% economic interest in the four (4) rare earth elements (“REE”) projects owned by Fritzøe Skoger AS and a 10% non-dilutive free carried ownership interest in a five (5) copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the Company’s website.
Teako’s Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or “PGE”), uranium, antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially developed from the Company’s first-mover advantage in- country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company’s self- funded exploration programs, whereas the Company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako’s foundation.
Contact Information:
Sven Gollan – CEO T: +1 (604)-871-4301 Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the expectations in relation to the expected exploration work and drilling, the timing of such exploration work and drilling, and the Company’s business plans and operations and other matters. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s Discussion and Analysis, for the period ended October 31, 2025.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press release.
400-601 West Broadway, Vancouver, BC, V5Z 4C2 TEL +1 (604)-871-4301 www.teakominerals.com