FTEL:CC - First Tellurium Reports on Exploration Progress at Deer Horn

(TheNewswire)

Bornite Discoveries Raise Potentialfor Copper-Gold Enrichment as Mineralized Zone Expands to 17.5 squarekilometers.

Vancouver, BC, Canada – TheNewswire - October 4, 2023 –First Tellurium Corp. (CSE:FTEL ) ( OTC: FSTTF), reports on explorationprogress at the Company’s Deer Horn Property in west-central BritishColumbia, including bornite discoveries, completion of the IP surveyand extension of the mineralized zone to at least 17.5 squarekilometers. Work will continue on the property into October.

Bornite Discoveries

“I’m excited to report that rock sampling at DeerHorn in September encountered significant amounts of bornite onsurface,” said First Tellurium President and CEO Tyrone Docherty(see photos below). “This is a very positive development as we workto unlock the property’s copper-gold porphyry potential.”

“In porphyry zones such as these, bornite can be anindicator of strong copper and gold enrichment,” said FirstTellurium consultant and QP Dr. Lee Groat. “We are anxious to seewhat the assays from our recent mapping andsampling programs, along with the upcoming drilling, tell us aboutcopper-gold grades at Deer Horn and the extent of the bornite atdepth.”

Click here to view additional photos of bornite andother copper-bearing minerals at Deer Horn.

First Tellurium is awaiting results from the assay labfor the August sampling program at Deer Horn. “Combined with the IP results and theupcoming drill program, we expect to have an abundance of informationfor analysis of both the copper-porphyry and gold-silver-telluriumenrichment at Deer Horn,” said Docherty.

IP Survey Completed

The property-wide Induced Polarization (IP) survey atDeer Horn was completed in September. This program followed up onsuccessful rock sampling, channel sampling and prospecting conductedin 2022, and mapping and rock sampling conducted in August2023.

Expansion of Mineralized Zone

Exploration to date in 2023, combined with previouswork at Deer Horn, has now extended the mineralized zone, whichincludes copper-gold porphyry and a gold-silver-tellurium vein system,to at least 17.5 square kilometers.

“The extent of mineralization continues to expandrapidly,” added Docherty. “More importantly, we know now that the two mineralized systems areconnected , supporting the premise that theproperty could support a large copper-gold porphyry across ground thathas never been explored.”

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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