FTEL:CC - First Tellurium Confirms Structural Connection Between Copper Porphyry and Gold-Silver-Tellurium Systems at Deer Horn

(TheNewswire)

Mineralized veins on either side ofthe property are likely a part of a larger ore forming process thatgenerated both mineralized systems.

Vancouver, BC, Canada – TheNewswire - August 16, 2023 –Dr. Lee Groat, Consulting Geologist and Qualified Person (“QP”)for First Tellurium Corp. (CSE:FTEL ) ( OTC:FSTTF), reports that anextensive mapping and sampling program at the Company’s Deer Hornproperty in west-central British Columbia has confirmed a crucialstructural connection between the property’s Pond copper porphyryand gold-silver-tellurium systems. The mapping and sampling program isbeing conducted by a team of graduate students from the University ofBritish Columbia and the University of St. Andrews, under thedirection of Dr. Groat.

Preliminary results from the 2023 work confirm that theprimary structure within the Deer Horn property is a large, east-westtrending thrust fault. Historically, mineral exploration has focusedon the southeastern part of the property, where high gradegold-silver-tellurium (Au-Ag-Te) mineralization is predominantlylocated in quartz veins associated with this thrusting event. Morerecently, due to glacial recession, new sites in the northwestern partof the property have been uncovered, where significant coppermineralization has been observed at the Pond showing and adjacentareas. This is thought to be part of a new porphyry copper system,potentially similar to the nearby Huckleberry Mine.

New lithological and structural mapping in 2023observed this thrust fault in previously unmapped localities; amoderate dip of 40° S was recorded (Fig. 1). Throughout the mappingprogram to date, approximately 200 additional structural measurementswere taken of primarily sulfide bearing-veins across the property.Distinct groupings were observed over several generations of veinformation. The main groupings of sulfide-bearing veins intersect eachother at 60° along the thrust plane (Fig. 1). These veins appear tobe part of a conjugate extensional regime that relieved thecompressional stress of the thrust fault.

Importantly, these orientations appear to be consistentthroughout the property across several lithological units. Thissuggests that these spatially separate mineralized veins on eitherside of the property formed as a result of the same structural regimeand are likely a part of a larger ore forming process that generatedboth the Deer Horn Au-Ag-Te and Pond copper porphyrymineralization.

Qualified Person

The Company’s disclosure of technical or scientificinformation related to the Deer Horn Project in this news release wasreviewed and approved by Prof. Lee Groat, Ph.D, P.Geo, TechnicalAdvisor to First Tellurium, who is a qualified person within thecontext of NI 43-101.

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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