Mr. Tyrone Docherty reports

FIRST TELLURIUM PRESENTS VIDEO UPDATE ON DEVELOPMENT OF LITHIUM-TELLURIUM BATTERY

Don Freschi of Fenix Advanced Materials, First Tellurium Corp.'s strategic partner for potential future tellurium extraction and purification, recently presented an update on development of Fenix's solid-state, lithium-tellurium battery. Investors can view a video of Mr. Freschi's video on-line.

Fenix is a producer of ultrahigh-purity metals, achieving purities of up to 99.99999 per cent at its lab and plant in Trail, B.C. Metals produced by Fenix include tellurium, antimony, indium and cadmium.

Fenix continues to advance its lithium-tellurium (LiTe) solid-state battery (SSB) developed in partnership with UBC Okanagan (as reported March, 2022, and September, 2022). The Fenix SSB is expected to have a far higher charging capacity, much smaller size and a battery life up to 400 per cent that of lithium-ion batteries with no chance of catching fire.

"We had to make these batteries safe," said Mr. Freschi in his presentation. "So we started playing around with tellurium, which started working well with a lithium anode. Then we focused on a tellurium-sulphur cathode because tellurium and lithium have the highest theoretical capacity for (electrical) storage. We're making that system very safe."

The number of lithium-ion battery-based fires is growing with enormous frequency worldwide. In Toronto, the number of lithium-ion battery fires nearly doubled in 2023, according to Toronto Fire Services. The Wall Street Journal reported on March 17, 2024, that In New York and other cities nationwide, fire departments are increasingly grappling with rapidly burning, toxic blazes ignited or exacerbated by lithium ion-batteries in everything from electric cars, bikes and scooters to cell phones, laptops, power tools and vape pens.

A recent apartment building fire in Harlem, N.Y., that killed a young journalist was caused by a lithium-ion e-bike battery. The New York Times reported that it was the first death in New York this year to be linked to the batteries, which were blamed for over 250 fires and 18 deaths in 2023.

"This is another key and developing part of the First Tellurium story," said First Tellurium president and chief executive officer Tyrone Docherty. "We are uniquely positioned amongst junior mining companies, not only because we are focused on tellurium, but also because we are becoming a tellurium-based technology company. In addition to the lithium-battery with Fenix, we are also bringing our tellurium-based thermoelectric generator to market and planning to supply tellurium to the solar industry."

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, 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 under the symbol FSTTF.

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