Teuton Resources Corporation

Current Presentations

Wednesday May 3, 2006

Geophysical Target Identified On 4J's Property

Teuton Resources Corp. (“TUO:TSX-V”) (“Teuton”) is pleased to announce that a major target has been identified on its wholly-owned 4J's property by integrating results from a recently completed, Aeroquest EM and Magnetometer survey with all prior exploration. The property is located 40 km northwest of Stewart, British Columbia.

Highlights from the interpretation are as follows:

• A complex 300+ metre long EM anomaly lying astride a magnetic low on the flank of an intrusive body (see figure attached) is situated under thin ice cover near the height of land on the west side of the Bowser River valley.
• Abundant sulphide-mineralized float boulders have been discovered emanating from a source under the ice at two sites, both of them local embayments into the icefield that encroach upon the area of the EM anomaly. Six samples of galena-bournonite boulders averaged 24.54 oz/ton silver, 0.047 oz/ton Au and 28.05% lead.
• Very fine-grained, Pb-Zn-Sb-Ag-Au mineralization hosted in argillites near the edge of the ice has been characterized as sedex or VMS in nature based on petrographic studies. VMS expert Dr. Ross Sherlock stated that the 4J's has “potential for a deposit of significant size and value making it a worthwhile exploration target.”

BC government geological publications have previously cited the 4J's as sharing some affinities with the very rich Eskay Creek gold-silver deposits located 38 km to the northwest. The EM anomaly further underscores the comparison. Jonathan Rudd, Ph.D., chief geophysicist for Aeroquest Limited stated:

“The Eskay-style sulphide target can range from a non-conductive, chargeable (will respond to an IP survey, but not to an EM survey) feature to a semi-massive sulphide target which would be chargeable and conductive, responding to both EM and IP surveys. Of note, the Eskay Creek deposit itself is known to be a conductive massive sulphide body. So it follows that where conductive sulphide targets exist, the priority for follow-up must be very high given the bonanza grades that these sulphides can host.

The 4J anomaly has a known occurrence of fine-grained stratiform sulphides in argillite in close proximity to the EM anomaly. The mineralogy of the sulphide is encouraging with the strong presence of bournonite, a mineral common at Eskay Creek. Graphite is also identified as a constituent mineral in this occurrence Assays of this occurrence indicate the presence of excellent grades.”

Teuton will send a geological team to investigate the area of the anomaly as soon as field conditions permit, probably in early July. Because of the very rapid meltback of icefields in the Stewart region in recent years, it may well be that parts of the EM anomaly area are already exposed. The last time the 4J's was accessed by Teuton personnel was in 1998.

Dino Cremonese, P.Eng., president and CEO of Teuton, commented: “Our decision to use Aeroquest Limited's state-of-the-art geophysical surveys on many of our prime Stewart area properties has been rewarded by the discovery of yet another exciting target. If possible we will drill test the 4J's later on in the field season, or, alternatively, find an option partner to undertake the work. With our Del Norte, Leduc Silver, Clone, Tonga and Campbell Ridge properties already contracted for drilling, early indications are that this will be the busiest field season ever for Teuton.”

D. Cremonese, P.Eng., is the Qualified Person for Teuton Resources Corp. in regard to data presented in this News Release.

ON BEHALF OF THE BOARD

“Dino Cremonese”
D. Cremonese, P.Eng.
President

The foregoing securities have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation or sale would be unlawful.

This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Silver Grail Resource Ltd. And Teuton Resources Corp. do have an ongoing obligation to disclose material information, as it becomes available.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Current News