Teako Minerals Corp. announced that it has been granted a total of 854 square km ("sq. km") of new exploration claims at the Lomunda and Venna copper-projects (the "Projects") in Trondelag Province, Central Norway.

The Lomunda concessions, covering 406 sq. km, lie immediately to the SW of the past-producing Lokken copper-zinc mine, whereas the Venna concessions, covering 448 sq. km, cover a significant strike extension of similarly prospective stratigraphy to the NE of Lokken.

The primary target types at Lomunda and Venna are high-grade copper-cobalt-zinc massive sulfide ("VMS") deposits, with copper and cobalt being critical components in batteries and the transition to green energy. The newly granted exploration claims are 100% owned by Teako and will have no minimum work commitments or landholding costs in 2024. The two new Projects, in conjunction with the copper-cobalt Vaddas project in Northern Norway, have been established as the Company's three main projects in Norway.

Highlights. Teako has been granted a total of854 sq. km of exploration claims covering the Lomunda (406 sq.

km) and Venna (448 sq. km) copper-cobalt projects, Trondelag Province. Both Lomunda and Venna is located adjacent to Norway's foremost historical copper mining district at Lokken, Trondelag Province; The Company is targeting the discovery of new high-grade, copper-cobalt-rich Lokken-type VMS deposits.

Similarly, the Venna project is located within the same mineral belt northeast of Lokken and presents a promising opportunity for discovering new deposits.