Mr. Sven Gollan reports

TEAKO ANNOUNCES FIRST TRANCHE CLOSING OF PRIVATE PLACEMENT AND SHARES FOR DEBT TRANSACTION

Teako Minerals Corp. has closed the first tranche of its previously announced non-brokered private placement offering of common shares of the company and has settled $113,000 of indebtedness through the issuance of common shares. Pursuant to the offering, the company issued 7,729,499 common shares at a price of six cents per common share for total gross proceeds of approximately $463,770. Pursuant to the debt settlement, the company issued 1,883,333 settlement shares at a deemed price of six cents per settlement share for total debt settlement in the amount of $113,000.

Element29 AS, controlled by Sven Gollan, received 650,000 settlement shares in satisfaction of $39,000 in debt. Following completion of the debt settlement, Mr. Gollan beneficially owns, or exercises control or direction over, an aggregate of 4.54 million common shares, representing approximately 4.06 per cent of the issued and outstanding common shares. Fruchtexpress Grabher GmbH & Co. KG and Ava Systems AS, a company controlled by Sverre Holte, participated in the offering. Fruchtexpress and Ava each acquired an aggregate of 2,705,000 common shares. Following completion of the offering, Fruchtexpress and Mr. Holte beneficially owns, or exercises control or direction over, an aggregate of 16,023,447 and 18,581,923 common shares, respectively, representing approximately 14.34 per cent and 16.62 per cent of the issued and outstanding common shares, respectively.

The insiders' participation in the offering and debt settlement constitutes a related-party transaction as such term is defined in Multilateral Instrument 61-101 (Protection of Minority Securityholders in Special Transactions). In completing the offering and debt settlement, the company has relied 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 as 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 of the fair market value of the transaction with insiders will not be more than 25 per cent of the market capitalization of the company.

The company did not pay any finders' fees in cash or securities under the offering. The common shares and settlement shares are 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.

About Teako Minerals Corp.

Teako 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, 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-cent economic interest in the four rare earth element projects owned by Fritzoe Skoger AS and a 10-per-cent non-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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