60 km² of Fundsjø Formation greenstones 15 km from Tynset, hosting the Sivilvangen VMS deposit (historical estimate ~267 kt at 0.72% Cu and 5.27% Zn).

Sivilvangen Project

The Sivilvangen Project (see Figure 1) comprises six claims covering a total area of 60 km² in eastern Trøndelag. The Project is located approximately 15 km from the town of Tynset and benefits from well-developed infrastructure. The railway line to the deep-sea ports in the Trondheim area runs along the southeastern Project boundary. In addition, Sivilvangen covers prospective greenstones of the Fundsjø Formation, which extend southwest toward the Folldal Mining District, historically a major driver of industry in the region.

The Project hosts the Sivilvangen VMS deposit (historical mineral estimate of ~267 kt @ 0.72% Cu and 5.27% Zn) (Killi, Juhava and Bjerkgård, 1991)². Like many deposits within the Caledonides, it displays a ruler-shaped morphology, with clearly zoned mineralization characterized by copper enrichment relative to zinc closer to surface.

Aeromagnetic data delineate the Fundsjø Formation both within and beyond the Project area, defining tens of kilometres of prospective strike length. The unit is approximately 1-2 km wide, forming a relatively compact belt suitable for systematic exploration. These factors, combined with the district’s rich mining heritage, make the Sivilvangen Project highly favourable for further exploration and potential expansion.

¹Teako 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

²References made to nearby mines and analogous deposits provide context for the regional targets but are not necessarily indicative that these targets host similar tonnages or grades of mineralization.

Figure 3: Sivilvangen Project overview map with NGU magnetics and NGU rock chip samples with grade data overlain and historic resources estimates for, Sivilvangen project — Figure 3: Sivilvangen Project overview map with NGU magnetics and NGU rock chip samples with grade data overlain and historic resources estimates for

Exploration-stage project. Any historical production, grades or estimates quoted in project descriptions are historical in nature, have not been verified by the Company as current mineral resources or reserves, and should not be relied upon. See the cautionary statements and the Qualified Person statement.

Agreement terms

Definitive Acquisition Agreement (5 January 2026): Nordic Minerals AS, a wholly owned Norwegian subsidiary of United Minerals Australia Pty Ltd, holds a 90% interest in the five-project package; Teako retains a non-dilutive 10% free carried interest until a final investment decision.
Initial payment to Teako of NOK 1,450,000 (approximately C$200,000) on signing.
Work commitments of at least C$700,000 in the first 24 months, targeting C$5,000,000 over five years on commercially reasonable efforts.
Contingent milestone payment of NOK 2,700,000 (approximately C$370,000) upon the projects collectively achieving an aggregate JORC-compliant resource of 10 million tonnes, with no minimum grade requirement.
On a final investment decision the parties form a joint venture; Nordic funds the projects to production, with anti-dilution protection on Teako’s free carry.

Work commitments and milestone payments are aggregated across the five-project package, not per individual project.

The rocks are all still here.

Teako Commences Field Program at Tynset Copper-Zinc-Silver Project and Secures Contractor for Induced Polarization Survey

Teako Announces Closing of Oversubscribed Private Placement

Sivilvangen copper-zinc project