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FTEL.CN ·

Deer Horn Capital Announces Name Change to "First Tellurium Corp."

Corporate Actions

DEER HORN CAPITAL ANNOUNCES NAME CHANGE TO “FIRST

TELLURIUM CORP.”

Vancouver, BC, Canada, May 26, 2021 – Deer Horn Capital Inc. (CSE: DHC) (the “Company” or “Deer Horn

Capital”), reports that it has changed its name to “First Tellurium Corp.” in order to better reflect the focus

of its property interests.

The Company’s common shares are expected to commence trading on the Canadian Securities Exchange

under the new name “First Tellurium Corp.” on or about May 27, 2021, under the Company new symbol

“FTEL”. A new CUSIP (33716L109) and ISIN (CA33716L1094) has been obtained to replace the previous

CUSIP number.

No action will be required by existing shareholders with respect to the name change. Certificates

representing common shares of Deer Horn Capital will not be affected by the name change and will not

need to be exchanged. The Company encourages any shareholders with any questions or concerns to

contact the Company or to discuss any of the foregoing with their broker or agent.

About Deer Horn Capital

Deer Horn Capital’s unique business model is based on leveraging diverse partnerships to generate

revenue and value. Working with Indigenous peoples, NGOs, governments and industry, Deer Horn Capital

explores for metals in British Columbia and helps indigenous communities grow and thrive through various

industrial, social and environmental ventures.

Deer Horn Capital proudly adheres to and supports the principles and rights set out in the United Nations

Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free,

prior and informed consent. Deer Horn Capital has been a vocal advocate of the BC Declaration on the

Rights of Indigenous Peoples Act since its introduction and passage in the British Columbia legislature in

November 2019. Deer Horn Capital also supports federal Bill C-15, the United Nations Declaration on the

Rights of Indigenous Peoples Act.

On behalf of the board of directors of

Deer Horn Capital Inc.

“Tyrone Docherty”

Tyrone Docherty

President and CEO

For further information please contact:

Tyrone Docherty

604.789.5653

[email protected]

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this

release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the

future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of

historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements

involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking

statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except

as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of

future unanticipated event.