Mr. Tyrone Docherty reports

FIRST TELLURIUM RECEIVES ASSAYS FROM 2023 EXPLORATION CAMPAIGN

First Tellurium Corp. has received all assay results and data from the company's 2023 exploration programs at the Deer Horn polymetallic property in west-central British Columbia. Exploration concluded Oct. 31, as per the 2023 permit. Technical adviser and qualified person Dr. Lee Groat is currently compiling and interpreting the data, and the company expects to publish results sometime in February, 2024.

The results will include assays and interpretation from the property-wide mapping and sampling program conducted during the summer, a program that encountered significant amounts of the porphyry indicator bornite and identified further copper-gold porphyry alteration. Dr. Groat's report will also include analysis of the induced polarization (IP) geophysical survey conducted in September and the limited drilling that was delayed until October. This program followed up on rock sampling, channel sampling and prospecting conducted in 2022, as well as the August mapping/sampling.

"I appreciate our shareholders' patience as we have all awaited the results," said First Tellurium president and chief executive officer Tyron Docherty. "We were hindered primarily by long delays at the assay lab, which was an issue beyond our control. I look forward to announcing results and other details next month."

First Tellurium also announces that it has entered into a marketing and consulting agreement with Lakefront Enterprises Inc. Under the agreement, Lakefront will provide search engine optimization/pay per click (SEO/PPC), e-mail and SMS (short messaging service) awareness, Web development, media buying, and distribution. Located in Vancouver, B.C., Lakefront has been retained on a one-month term at a monthly fee of $65,000 for its services. After the initial one-month period, either party may terminate the agreement at any time by providing the other party with 30 days of prior written notice. Lakefront is not a related party and is arm's length to the company. Lakefront currently does not own any shares in the company and as such does not have an interest in the price of the securities of the company.

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.

The company'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, NGOs (non-governmental 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. First Tellurium is listed on the Canadian Securities Exchange under the symbol FTEL and on the OTC (over-the-counter) market under the symbol FSTTF.

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