Mr. Tyrone Docherty reports

FIRST TELLURIUM ANNOUNCES 3RD AND FINAL TRANCHE CLOSE OF PRIVATE PLACEMENT

First Tellurium Corp. has closed the third and final tranche of a non-brokered private placement previously announced on Oct. 28, 2024. Under the third tranche, the company has issued 4,328,572 flow-through shares (the FT shares) for gross proceeds of $606,000.

Together with the first tranche closing announced Oct. 23, 2024, for $1,831,637 (comprising 5,707,143 flow-through shares at a price of 14 cents for proceeds of $799,000 and 9,223,970 units at 11 cents per unit for proceeds of $1,014,637), the second tranche closing of announced Dec. 9, 2024, for $452,500 (comprising 2.5 million flow-through shares at a price of 14 cents for proceeds of $350,000 and 931,818 units at 11 cents per unit for proceeds of $102,500) and the third tranche closing, the company has raised a total of $1,117,137 from the sale of 10,155,788 units and $1,755,000 from the sale 12,535,715 flow-through shares.

The company paid finders' fees of $30,300 in connection with the third tranche closing to arm's-length parties.

All securities issued under this third tranche closing are subject to a hold period expiring April 24, 2024, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

Proceeds received in connection with the offering will be utilized for exploration and other costs associated with First Tellurium's Deer Horn property and the Colorado Klondike property, 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.

The company'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.