Mr. Sven Gollan reports

TEAKO ANNOUNCES PRIVATE PLACEMENT AND SHARES FOR DEBT TRANSACTION

Teako Minerals Corp. has arranged a non-brokered private placement for the issuance of up to 16,666,666 common shares of the company at a price of six cents per common share for aggregate gross proceeds of up to $1-million and approved the settlement of $113,000 of indebtedness through the issuance of an aggregate of 1,883,333 common shares. The indebtedness relates to fees for services performed by certain advisers, independent contractors and an insider of the company through to Jan. 6, 2026. The company anticipates closing the offering and debt settlement promptly.

The settlement shares will be issued at a deemed price of six cents per settlement share in alignment with the price per common share of the company's offering. The company will enter into shares-for-debt agreements with each creditor in connection with the debt settlement.

In connection with the offering, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the Canadian Securities Exchange and applicable securities laws. Closing of the offering and debt settlement is subject to certain customary conditions, including, without limitation, approval of the CSE and the common shares and settlement 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 purposes to allow the company to pursue its corporate objective of additional project deals and potential revenue-generating third party work.

Insider participation

An insider of the company is expected to receive settlement shares in connection the with debt settlement, and, as a result, the debt settlement may constitute a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Shareholders in Special Transactions. The company expects to rely on the exemptions from the formal valuation requirements of MI 61-101 contained in sections 5.5(a) and (b) of MI 61-101 on the basis that the fair market value of the transaction with insiders will not be more than 25 per cent of the market capitalization of the company and no securities of the company are listed on a specified market set out in such section, and the company further relies on the exemption from the minority shareholder approval requirements of MI 61-101 contained in Section 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the transaction with insiders will not be more than 25 per cent of the market capitalization of the company.

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, cobalt, zinc and molybdenum. 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's project hub, including the Lokken and Venna main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, platinum group elements (PGEs), uranium, antimony, molybdenum 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 district 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. Teako holds a 10-per-centneconomic interest in the four rare earth element (REE) projects owned by Fritzoe Skoger AS and a 10-per-centnnon-dilutive free carried ownership interest in a package of copper, gold and silver projects consisting of five projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty. Ltd., as further described on the company's website.

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