Costs Award Against Teuton Resources - Seite 2

American Creek and Teuton had agreed prior to the costs hearing that the number of tariff units to be used if ordinary costs were awarded would be 1100, which, at Scale C, amounts to $187,000 plus taxes. The amount of partial special costs will be determined at a later date either by agreement of the parties or be assessed by the registrar. Given the steps in the partial special costs award, about $14,280 plus taxes for those items will be deducted from ordinary costs, leaving about $172,720, plus taxes of $20,726.40. Adding the additional costs of $30,600 plus taxes and disbursements plus taxes of $378,000, leaves a total of about $605,718. Teuton has already paid American Creek an advance on costs of $300,000, leaving a balance of about $305,718 plus the partial special costs award yet to be assessed.

Teuton's appeal of the trial judgment is scheduled for hearing commencing January 19, 2015. Teuton is seeking an order in the appeal setting aside the trial judgment, including any costs orders relating to it, and awarding Teuton 100% of the Treaty Creek property, plus its costs throughout. Alternatively, Teuton seeks an order setting aside the trial judgment and ordering a new trial, and setting aside any costs orders relating to the trial judgment.

Respectfully:

"Dino Cremonese, P.Eng."

President,

Teuton Resources Corp.

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TEUTON RESOURCES CORP.
202-2187 Oak Bay Avenue
Victoria, BC V8R 1G1
Phone: [phone]
682-3992 (FAX)
Toll Free: 1-800-879-2333
Website: www.teuton.com