Mr. Tyrone Docherty reports

FIRST TELLURIUM ANNOUNCES FINAL TRANCHE CLOSING OF PRIVATE PLACEMENT, RAISING $2,121,229.06

First Tellurium Corp. has now completed a third and final tranche closing of its non-brokered private placement previously announced on Feb. 23, 2026, and increased on March 17, 2026. Under the third tranche, the company has issued 1,182,354 units at 17 cents per unit for gross proceeds of $201,000.18. No finders' fees were paid in connection with the third tranche. All securities issued under the third tranche are subject to a hold period expiring Aug. 18, 2026, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

A director of the company participated in the third tranche, purchasing 100,000 units for $17,000. This insider participation is 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 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 distributed to the insider does not exceed 25 per cent of the company's market capitalization.

Together with the first tranche closing announced March 17, 2026, and the second tranche closing announced March 25, 2026, the company has now raised a total of $2,121,229.06 from the sale of 12,477,818 units. These proceeds will be used for general working capital.

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.