First Tellurium Announces Private Placement Financing

(TheNewswire)

Vancouver, BC, Canada, February 23,2026 – TheNewswire– First Tellurium Corp. (CSE: FTEL, OTC:FSTTF)(the “Company”) announces a non-brokered private placement (the“Offering”) to raise up to $1,700,000 through the sale of up to10,000,000 units (the “Units”).  Each Unit will consist of onecommon share and one-half of one common share purchase warrant.  Each whole warrant will entitle theholder to purchase one common share at a price of $0.24 for a periodof two years following the close of the Offering.  The Units are being offered to qualified purchasers inreliance upon exemptions from prospectus and registration requirementsof applicable securities legislation.  The proceeds received from thesale of the Units will be used for general working capital.

The Company may pay a finder’s fee consisting ofcash, shares and/or warrants to eligible finders as permitted underapplicable securities laws and CSE policies.

All securities issued and sold under the Offering willbe subject to a hold period expiring four months and one day fromtheir date of issuance in accordance with the policies of the CSE andapplicable securities laws.  

It is anticipated that some insiders of the Companywill participate in the Offering.  The participation of any insidersmay be considered a related party transaction within the meaning ofMultilateral Instrument 61-101 – Protection of Minority Security Holders inSpecial Transactions (“MI 61-101”).  Suchinsider participation is expected to be exempt from the formalvaluation and minority shareholder approval requirements of MI 61-101pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Companyis not listed on any of the exchanges or markets outlined insubsection 5.5(b) of MI 61-101, and the fair market value of thesecurities to be distributed to the insiders is not expected to exceed25% of the Company's market capitalization.

This news release does notconstitute an offer to sell or a solicitation of an offer to buy anyof the securities in the United States of America. The securities havenot been and will not be registered under the United States SecuritiesAct of 1933 (the “1933 Act”) or any state securities laws and maynot be offered or sold within the United States or to U.S. Persons (asdefined in the 1933 Act) unless registered under the 1933 Act andapplicable state securities laws, or an exemption from suchregistration is available.

About First Tellurium Corp.

First Tellurium’s unique business model is togenerate revenue and value through mineral discovery, projectdevelopment, project generation and development of tellurium-basedtechnologies.

First Tellurium is listed on the Canadian SecuritiesExchange under the symbol “FTEL” and on the OTC under the symbol“FSTTF”. Further information about FTEL and its projects can befound at 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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