Mr. Sven Gollan reports

TEAKO ADVANCES TYNSET PROJECT WITH COUNTY AND MUNICIPALITY-FUNDED GRANT FOR EXPLORATION PROGRAM

Teako Minerals Corp. has received formal approval to receive a grant of 1.1 million Norwegian krone (approximately $160,000) to undertake an induced polarization (IP) survey and other exploration activities, including structural mapping and outcrop sampling, on priority targets at its 100-per-cent-owned high-grade Tynset copper-zinc-silver (Cu-Zn-Ag) volcanogenic massive sulphide (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 per cent of the Tynset exploration program, Tynset Municipality funding 12.5 per cent, and Teako contributing the remaining 12.5 per cent, 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 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 sulphides. 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 per cent and holds a 10-per-cent economic interest in the four rare-earth elements (REE) projects owned by Fritzoe Skoger AS and a 10-per-cent non-dilutive free carried ownership interest in five 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 Lokken, 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 Lokken, Venna and Tynset projects remain integral to the company's self-financed 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 continuing cash flow, retain upside exposure and reduce overall risk, thereby strengthening Teako's foundation.

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