Teako Signs Letter of Intent for Strategic Contribution of 90% Interest in Norwegian High-Grade Silver Projects

About this update from Teako Minerals Corp

Vancouver, British Columbia--(Newsfile Corp. - July 8, 2026) - Teako Minerals Corp. (CSE: TMIN) (FSE: O8U) (OTC Pink: TMINF) (the " Company " or " Teako ") is pleased to announce that it has entered into a non-binding Letter of Intent (" LOI ") with MERIDIANA Capital Group GmbH (" MERIDIANA ") dated July 8, 2026, outlining the framework for a recapitalization transaction resulting in the creation of a German-listed silver-focussed exploration company through the combination of certain of Teako's Norwegian silver projects and a portfolio of German-sponsored exploration projects. Pursuant to the proposed transaction structure, Teako shall contribute a 90% interest in seven (7) strategic Norwegian silver projects to a newly formed Norwegian subsidiary to be established by Teako (" NewCo "). All of the issued and outstanding shares of NewCo will subsequently be contributed for consideration equal to EUR 3,600,000 to a German listed company identified by MERIDIANA, which is ultimately expected to be renamed, and referred to herein as the " Resulting Issuer ". The consideration payable to Teako shall consist of EUR 100,000 in cash and EUR 3,500,000 in common equity of the Resulting Issuer. Concurrently with Teako's contribution of the NewCo shares to the Resulting Issuer, MERIDIANA or an affiliate will contribute all of the issued and outstanding shares of a separate Norwegian exploration company holding a portfolio of twelve silver-exploration projects to the Resulting Issuer in exchange for common equity of the Resulting Issuer. The proposed transaction is intended to establish a dedicated silver exploration platform combining Teako's Norwegian silver portfolio with MERIDIANA's additional twelve projects under a German public company structure. The parties believe that the transaction has the potential to enhance access to capital markets to accelerate exploration on the contributed projects, while creating a focussed silver exploration vehicle with a substantial Norwegian asset base. Teako will retain exposure to future project development through its retained 10% interest in the Projects and ownership interest in the Resulting Issuer. Teako is also expected to become the preferred provider of Norwegian exploration services (on standard commercial terms) to the Resulting Issuer going forward. Highlights

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