Mr. Tyrone Docherty reports

FIRST TELLURIUM ANNOUNCES EXTENSION OF WARRANT EXERCISE TERM

First Tellurium Corp. intends to extend the exercise term of certain outstanding warrants to purchase an aggregate of 22,231,500 common shares of the company, 4.6 million of which are beneficially held by directors and officers of the company. Of those warrants, 5,825,000 were originally issued on Oct. 19, 2021, and are exercisable at a price of 12 cents per share until Oct. 19, 2023. Of those warrants, 6,056,500 were originally issued on Oct. 29, 2021, and are exercisable at a price of 12 cents per share until Oct. 29, 2023. Of those warrants, three million were originally issued on Nov. 12, 2021, and are exercisable at a price of 12 cents per share until Nov. 12, 2023. Of those warrants, 7.35 million were originally issued on Nov. 26, 2021, and are exercisable at a price of 12 cents per share until Nov. 26, 2023. The company proposes to extend the term of the warrants such that they all will expire on March 31, 2024, at an exercise price of 12 cents per share. All other terms of the warrants will remain unchanged.

About First Tellurium Corp.

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

Its polymetallic (tellurium, gold, silver, copper and tungsten) Deer Horn project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with indigenous peoples, non-governmental organizations, governments and leading metal buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and, in particular, the fundamental proposition of free, prior and informed consent.

We seek Safe Harbor.