First Tellurium Clarifies Details of Latest News Release

Vancouver, BC, Canada, May 31, 2024 – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF), wishes to clarify details of its May 30 news release regarding the Memorandum of Understanding (“MOU”) with Washington, DC-based RESOLVE, Inc. First Tellurium incorrectly reported owning a 75% interest in PyroDelta Inc., developer of the new tellurium-based thermoelectric device. As noted in First its May 4 news release, First Tellurium has advanced $300,000 to bring the Company’s ownership to approximately 61%, with the remaining $405,000 to be advanced by March 21, 2025 to complete the 75% acquisition of PyroDelta.

About First Tellurium Corp.

First Tellurium’s unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.

Our 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, NGOs, 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 Stock Exchange under the symbol “FTEL” and on the OTC under the symbol “FSTTF”. Further information about FTEL and its projects can be found on www.firsttellurium.com.

On behalf of the board of directors ofFirst Tellurium Corp.
“Tyrone Docherty” Tyrone DochertyPresident and CEO

For further information please contact:Tyrone Docherty604.789.5653tyrone@firsttellurium.com

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release. 

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.  These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control.  Readers should not place undue reliance on forward-looking statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.

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