Mr. Bennett Kurtz reports

FIRST PHOSPHATE ANNOUNCES UPLISTING OF AMERICAN DEPOSITARY RECEIPT (ADR) TO NASDAQ GLOBAL MARKET UNDER TICKER SYMBOL PHOS

First Phosphate Corp.'s American depositary receipts (ADRs) will be uplisted to Nasdaq Global Market as a Level 2 ADR under ticker symbol PHOS (Cusip: 33611D301; ISIN: US33611D3017) effective at the opening of trading on Aug. 10, 2026.

The First Phosphate ADR ratio remains set to 10 First Phosphate common shares for each First Phosphate ADR.

Effective Aug. 10, 2026, First Phosphate Level 1 ADRs will be delisted from the OTCQX market and will be automatically converted to First Phosphate Level 2 ADRs readily tradeable on the Nasdaq Stock Exchange under ticker symbol PHOS.

The First Phosphate Level 2 ADR under Nasdaq ticker symbol PHOS remains complimentary to all other company listings on all other stock exchanges and does not affect the company's currently listed common shares on the OTCQX under symbol FRSPF, on the Canadian Securities Exchange under symbol PHOS and on the Frankfurt Stock Exchange under symbol KD0.

Participants may continue to convert First Phosphate common shares into ADRs at no cost until Dec. 31, 2026, through the Bank of New York Mellon (BNY), which is currently the depositary bank for the First Phosphate ADR program.

BNY facilitates the issuance and cancellation of First Phosphate ADRs in accordance with instructions received from market participants. The First Phosphate ADR program operates in accordance with a deposit agreement, filed with the United States Securities and Exchange Commission (SEC) and available through the SEC website. The First Phosphate common shares underlying the First Phosphate ADRs are held in custody by BNY. Investors can convert First Phosphate common shares into First Phosphate ADRs by instructing their broker or custodian to deliver the common shares through CDS to BNY's safekeeping account at CIBC Mellon. For questions about issuances and cancellations of ADRs, please contact canadadrconversions@bny.com.

The First Phosphate Level 2 ADR program does not constitute a new offering of securities and, therefore, no additional shares are being issued nor is any capital being raised in connection with the uplist of the First Phosphate ADR to the Nasdaq Stock Exchange. Moreover, nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

ADRs are negotiable U.S. securities that represent a non-U.S. company's equity. ADRs trade freely in global markets and facilitate cross-border trading.

About First Phosphate Corp.

First Phosphate is a mineral exploration and development and clean technology company dedicated to building and reshoring a vertically integrated mine-to-market supply chain for the production of LFP batteries in North America. Target markets include energy storage, data centres, robotics, mobility and national security. First Phosphate's flagship Begin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Que., Canada, represents a rare North American igneous phosphate resource producing high-purity phosphate characterized by very low levels of impurities.

We seek Safe Harbor.