Costs Award Against Teuton Resources

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 27, 2014) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO)(FRANKFURT:TFE)(OTCBB:TEUTF) reports that on Nov. 26, 2007 Mr. Justice Grauer of the BC Supreme Court delivered Reasons for Judgment on costs issues arising from the action between American Creek Resources Ltd. ["American Creek"] as plaintiff and Teuton Resources Corp. as defendant. The Reasons for Judgment will be posted on the court website indexed as 2014 BCSC 2214 (http://www.courts.gov.bc.ca/supreme_court/index.aspx#).

American Creek was seeking costs orders of about $2,000,000 for legal fees, plus taxes, plus $378,000 in disbursements, for the entire proceeding, which included 44 trial days and 26 discovery days, as "special costs." Alternatively, it sought orders for double costs, an "uplift" by way of increased costs or other costs orders beyond the ordinary tariff of costs.

Teuton opposed the application.

Justice Grauer concluded that an award of special costs for the entire proceeding would not be proportionate. He awarded American Creek ordinary (party-and-party) costs of the proceeding, agreed at 1100 units, assessed at Scale C ($170 per unit), subject to:

(a)	American Creek receiving a "partial special costs" award for 4 days of court time, 2 days of discovery time, and 4 days for the special costs hearing, plus applicable preparation time for those; and
(b)	The Scale C value of any units included in the 1100 units that are attributable to these partial special costs steps shall be deducted from the partial special costs.

He directed that the partial special costs award be assessed by the registrar of the court, who he expects to award special costs of that assessment. American Creek was also awarded additional costs of $30,600 relating to admissions at trial that Teuton did not make. American Creek's claims for a costs "uplift" and for double costs were dismissed. American Creek is also entitled to disbursements and tax on same in the agreed amount of $378,000.