GODYD - First Tellurium Clarifies Details of Latest News Release

(TheNewswire)

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

About First Tellurium Corp.

First Tellurium’s unique business model is togenerate revenue and value through mineral discovery, projectdevelopment, project generation and cooperative access to untappedmineral regions in Indigenous territory with sustainableexploration.

Our Klondike tellurium-gold property in Colorado andpolymetallic Deer Horn Project in British Columbia anchor adiversified search for metals, working in alliance with Indigenouspeoples, NGOs, governments and leading metals buyers. This is thefuture of mineral exploration—generating revenue by exploringresponsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to, and supports, theprinciples and rights set out in the United Nations Declaration on theRights of Indigenous Peoples and in particular the fundamentalproposition of free, prior and informed consent. First Tellurium islisted on the Canadian Stock Exchange under the symbol “FTEL” andon the OTC under the symbol “FSTTF”. Further information aboutFTEL and its projects can be found on www.firsttellurium.com .

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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