Mr. Tyrone Docherty reports

FIRST TELLURIUM CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

First Tellurium Corp. has closed the second and final tranche of a non-brokered private placement previously announced on Oct. 3, 2023. The company has issued 1.25 million units for gross proceeds of $125,000. Together with the first tranche closing announced Oct. 30, 2023, for $391,800 (comprising 1.69 million flow-through shares at a price of 12 cents for proceeds of $202,800 and 1.89 million units at 10 cents per unit for proceeds of $189,000), and the second tranche closing announced Dec. 22, 2023, for $33,500 (comprising 335,000 units at 10 cents per unit for proceeds of $33,500), the company has raised a total of $222,500 from the sale of 2,225,000 units and $202,800 from the sale of 1.69 million flow-through shares.

No commissions or finders' fees were paid in connection with the second tranche closing.

All securities issued in connection with the third tranche closing are subject to a hold period expiring April 23, 2024, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

All proceeds received in connection with the offering will be utilized for exploration and other costs associated with the company's Deer Horn and Colorado Klondike properties, as well as for general working capital purposes.

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.

First Tellurium's polymetallic (tellurium, gold, silver copper, 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-government organizations, governments and leading metals 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.