Mr. Tyrone Docherty reports

FIRST TELLURIUM ANNOUNCES PRIVATE PLACEMENT FINANCING

First Tellurium Corp. has arranged a non-brokered private placement to raise up to $1.7-million through the sale of up to 10 million units. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of 24 cents for a period of two years following the close of the offering. The units are being offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The proceeds received from the sale of the units will be used for general working capital.

The company may pay a finder's fee consisting of cash, shares and/or warrants to eligible finders as permitted under applicable securities laws and Canadian Securities Exchange policies.

All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the CSE and applicable securities laws.

It is anticipated that some insiders of the company will participate in the offering. The participation of any insiders may be considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Such insider participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101 as the company is not listed on any of the exchanges or markets outlined in Subsection 5.5(b) of MI 61-101, and the fair market value of the securities to be distributed to the insiders is not expected to exceed 25 per cent of the company's market capitalization.

About First Tellurium Corp.

First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and development of tellurium-based technologies.

First Tellurium is listed on the Canadian Securities Exchange under the symbol FTEL and on the OTC under the symbol FSTTF.

We seek Safe Harbor.