TEAKO MINERALS CORP. announced the establishment of a substantial Norwegian Project Hub divided into four districts and spanning 31 projects over an area of 3,818 square kilometers ("sq.km") (or 381,800 hectares) realized through staking of prospective copper, cobalt, nickel, zinc, gold, molybdenum and rare-earth-elements projects for further assessment. This strategic move positions Teako as the country's largest exploration company in terms of total project size.

When including its recently announced Norwegian main projects, Vaddas and Lomunda and Venna, the total landholding in Norway now measures 5,458 sq.km (or 545,800 hectares), all of which is 100% owned by the Company, except the part of the Vaddas property that is under an option agreement with Capella Minerals Ltd. Teako Minerals Corp. establishes itself as Norway's most significant mineral exploration company in terms of project size, with thirty-one hub projects and three main projects in four districts. Total application fees paid for the project hub; approximately $54.000.

The Project Hub land package equals 3,818 sq.km (or 381,800 hectares). Teako's total landholding in Norway, including the Vaddas and Lomunda-Venna projects, now measures 5,458 sq.km (or 545,800 hectares). The Project Hub secures prospective projects to meet the Company's ambitions of contributing to the European supply of critical metals and maximizing the first-mover advantage in Norway.

The staking of The Hub licenses incurred a total cost of approximately $54.000 in application fees and bears zero landholding costs in the initial year and under the licensing agreement, Teako will have zero work commitments. The Hub was staked based on several months of research of vast geological data. The data is stored publicly in an open-source database at The Geological Survey of Norway and the Norwegian Directorate of Mining (or "DMF").

The Company has also carried out site visits and drill core reviews on select projects at the NGU core storage facility in Løkken. The Company has divided the projects into four districts: District Far North for copper, cobalt, and Rare Earth Elements. District North for copper, molybdenum, and gold.

District Central for copper, cobalt, and zinc. District South for REE, molybdenum, and copper. The Project Hub secures the Company prospective projects on a national scale, that meet its ambitions of contributing to the development of the European supply of critical metals and maximizing the first- mover advantage in Norway. It also serves as a potential catalyst to pursue non-dilutive financing options, as company aim to bolster exploration efforts without compromising the integrity of core projects or the shareholder structure through either project deals, sales, or soft funding.

Furthermore, the Project Hub functions as a de-risking mechanism by providing flexibility in project development within the Company. The Company is committed to establishing strong relationships throughout Norway with municipalities, local communities, and other stakeholders. The Company anticipates that exploration activities will be carried out by the NGU on a regional basis, which will include: Regional and local-scale geophysical survey.

Soil and stream sediment sampling programs. Geological mapping and reporting. These activities, whether conducted on the Company's license areas or other, are expected to provide valuable insights that will assist the Company in further evaluating its projects. The Project Hub is dedicated to a systematic identification and assessment strategy to further evaluate the projects through specifically designed fieldwork programs and desktop studies during the year 2024 and onwards.

Once the projects have been evaluated, the Company will decide whether to advance the projects. The projects will be advanced either directly by the Company's in-house geological teams or together with strategic partners, through exploration and development joint ventures or option agreements. In this regard, a project could be designated a main project.