GODYD - First Tellurium Announces Extension of Warrant Exercise Term

(TheNewswire)

Vancouver, BC, Canada - TheNewswire - October 16, 2023 -First Tellurium Corp. (CSE:FTEL ) ( OTC:FSTTF) (the “ Company ” or“ First Tellurium ”), announces that it intends to extend the exerciseterm of certain outstanding warrants to purchase an aggregate of22,231,500 common shares of the Company, 4,600,000 of which arebeneficially held by directors and officers of the Company. 5,825,000 of these warrants were originally issued on October 19,2021, and are exercisable at a price of $0.12/share until October 19,2023.  6,056,500 of these warrants were originally issued on October29, 2021, and are exercisable at a price of $0.12/share until October29, 2023.  3,000,000 of these warrants were originally issued onNovember 12, 2021, and are exercisable at a price of $0.12/share untilNovember 12, 2023.  7,350,000 of these warrants were originallyissued on November 26, 2021, and are exercisable at a price of$0.12/share until November 26, 2023.  The Company proposes to extendthe term of the warrants such that they all will now expire on March31, 2024 at an exercise price of $0.12/share.  All other terms of thewarrants will remain unchanged.

About First Tellurium Corp.

First Tellurium’s unique business model is togenerate revenue and value through mineral discovery, project development, projectgeneration and cooperative access to untapped mineral regions inIndigenous territory with sustainable exploration.

Our polymetallic (tellurium, gold, silver copper,tungsten) Deer Horn Project in British Columbia and Klondiketellurium-gold property in Colorado anchor a diversified search formetals, working in alliance with Indigenous peoples, NGOs, governmentsand leading metals buyers. This is the future of mineral exploration:generating revenue by exploring responsibly and leveraging diversepartnerships.

First Tellurium proudly adheres to and supports theprinciples and rights set out in the UnitedNations Declaration on the Rights of Indigenous Peoples and inparticular the fundamental proposition of free, prior and informedconsent.

Neither theCanadian Securities Exchange nor its regulations services acceptresponsibility for the adequacy or accuracy of this release.

Forward-lookinginformation

All statements included in thispress release that address activities, events or developments that theCompany expects, believes or anticipates will or may occur in thefuture are forward-looking statements.  These forward-lookingstatements involve numerous assumptions made by the Company based onits experience, perception of historical trends, current conditions,expected future developments and other factors it believes areappropriate in the circumstances. In addition, these statementsinvolve substantial known and unknown risks and uncertainties thatcontribute to the possibility that the predictions, forecasts,projections and other forward-looking statements will proveinaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-lookingstatements.  Except as required by law, the Company does not intendto revise or update these forward-looking statements after the datehereof or revise them to reflect the occurrence of futureunanticipated event.

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