FTEL:CC - First Tellurium Engages Firm to Conduct IP Survey at Deer Horn

(TheNewswire)

Geophysical work will help developtargets for planned drill campaign

Vancouver, BC, Canada – TheNewswire - June 8, 2023 –First Tellurium Corp. (CSE: FTEL ) , ( OTC: FSTTF ) (the“Company” or “First Tellurium”), reports that it has engagedDias Geophysical of Saskatoon, Saskatchewan to conduct inducedpolarization (IP) geophysics on the Deer Horn Project this summer. Theprogram is designed to help develop drill targets for a drillingprogram that will follow the IP survey this season. Deer Horn islocated in West-central BC, 36 km south of the Huckleberry Cu-Mo mineand 135 km southwest of the community of Burns Lake.

The IP survey will follow up on successful rocksampling, channel sampling and prospecting conducted in 2022. Thiswork identified a possible 1.1-kilometer (.7 miles) extension of theexisting 2.4-kilometer (1.5 miles) gold-silver-tellurium vein system.This system may now extend a total of 3.5 kilometers (2.2miles).

“There is obvious porphyry and abundant associatedsulfide mineralization on surface at Deer Horn,” said FirstTellurium consultant and Qualified Person Dr. Groat. “Thegeophysical data from IP is needed to obtain subsurface information,such as the location of bodies of sulfide mineralization. This willhelp us direct the summer drill campaign and determine locations,directions, angles and depths of drill holes.”

Groat added that the IP survey will be complemented byproperty-wide soil sampling program he is conducting with a team ofUniversity of British Columbia grad students. Due to recedingglaciers, a significant amount of ground is now open that has neverbeen explored.

Drill targets from the IP survey will augmentadditional drill targets, identified in the Deer Horn PreliminaryEconomic Assessment (PEA) as “…infill and tightly-spaced step-outdiamond drilling focused both on upgrading and expanding the existingresource.”

Ahead of the IP survey, First Tellurium is sending ateam to meet with local First Nations on the property to discuss thework program. The team will include Dr. Groat, First TelluriumChairman Tony Fogarassy and Phil McLean, owner of Canadian RemoteDrilling which will conduct the planned drill campaign.

Qualified Person

The Company’s disclosure of technical or scientificinformation related to the Deer Horn Project in this news release wasreviewed and approved by Dr. Lee Groat, Ph.D, P.Geo, Technical Advisorto First Tellurium, who is a qualified person within the context of NI43-101.

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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