Mr. Tyrone Docherty reports

FIRST TELLURIUM REPORTS ON EXPLORATION PROGRESS AT DEER HORN

First Tellurium Corp. has provided an update on exploration progress at the company's Deer Horn property in west-central British Columbia, including bornite discoveries, completion of the induced polarization survey and extension of the mineralized zone to at least 17.5 square kilometres. Work will continue on the property into October.

Bornite discoveries

"I'm excited to report that rock sampling at Deer Horn in September encountered significant amounts of bornite on surface," said First Tellurium president and chief executive officer Tyrone Docherty. "This is a very positive development as we work to unlock the property's copper-gold porphyry potential."

"In porphyry zones such as these, bornite can be an indicator of strong copper and gold enrichment," said First Tellurium consultant and qualified person Dr. Lee Groat. "We are anxious to see what the assays from our recent mapping and sampling programs, along with the upcoming drilling, tell us about copper-gold grades at Deer Horn and the extent of the bornite at depth."

First Tellurium is awaiting results from the assay lab for the August sampling program at Deer Horn. "Combined with the IP results and the upcoming drill program, we expect to have an abundance of information for analysis of both the copper-porphyry and gold-silver-tellurium enrichment at Deer Horn," said Mr. Docherty.

IP survey completed

The property-wide induced polarization (IP) survey at Deer Horn was completed in September. This program followed up on successful rock sampling, channel sampling and prospecting conducted in 2022, and mapping and rock sampling conducted in August, 2023.

Expansion of mineralized zone

Exploration to date in 2023, combined with previous work at Deer Horn, has now extended the mineralized zone, which includes copper-gold porphyry and a gold-silver-tellurium vein system, to at least 17.5 square kilometres.

"The extent of mineralization continues to expand rapidly," added Mr. Docherty. "More importantly, we know now that the two mineralized systems are connected, supporting the premise that the property could support a large copper-gold porphyry across ground that has never been explored."

Qualified person

The company's disclosure of technical or scientific information related to the Deer Horn project in this news release was reviewed and approved by Dr. Groat, PhD, PGeo, technical Adviser to First Tellurium, who is a qualified person within the context of National Instrument 43-101.

About First Tellurium Corp.

First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in indigenous territory with sustainable exploration.

First Tellurium's Klondike tellurium-gold property in Colorado and polymetallic Deer Horn project in British Columbia anchor a diversified search for metals, working in alliance with indigenous peoples, non-government organizations, governments and leading metals buyers. This is the future of mineral exploration -- generating revenue by exploring responsibly and leveraging diverse partnerships.

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