Mr. Tyrone Docherty reports

FIRST TELLURIUM PROVIDES CLARIFICATION ON DRILLING AT DEER HORN

Further to First Tellurium Corp.'s March 7 news release regarding drilling and sampling results from the Deer Horn property in west-central British Columbia, the company has provided context in relation to previous drilling at Deer Horn.

"Since issuing yesterday's news, we've had inquiries from shareholders and investors who thought this was the first time we had drilled at Deer Horn," said First Tellurium president and chief executive officer Tyrone Docherty. "I want to clarify that a previous 55-hole, 3,772-metre diamond drill program was conducted at Deer Horn, which encountered high gold-silver-tellurium grades in the main vein area and contributed to a positive preliminary economic assessment (PEA) in 2018."

The previous drilling was shallow due to near-surface mineralization, with holes ranging in depths from 25.5 metres to 150.6 metres. The zone remained open at depth and to the east and west. Drilling did not test any of the newly discovered copper porphyry or other areas of a mineralized zone that now covers approximately 17.5 square kilometres. Exploration in 2022 and 2023 indicated that the Au-Ag-Te vein system and copper porphyry are part of a larger, connected mineralized system, as reported in the company's Aug. 31, 2023, and March 7, 2024, news releases. For details on the previous drill program, please refer to the PEA on First Tellurium's website.

"We plan to drill other areas of the property in 2024, following up on the copper porphyry and the main vein area," said Mr. Docherty. "As noted in the March 7 news release, our drilling in 2023 was cut short due to regional wildfires. We put down one hole that we thought would provide the most information to inform upcoming drilling this year."

Added Mr. Docherty, "Adding the copper porphyry to our exploration targets, and discovering that the porphyry and vein systems are part of one large system, has turned Deer Horn into a valuable exploration asset."

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 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-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 Stock Exchange under the symbol FTEL and on the OTC under the symbol FSTTF.

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