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FTEL.CN ·

First Tellurium Completes Debt Settlements

First Tellurium Completes Debt Settlements

Vancouver, BC, Canada, July 31, 2026 – Vancouver, BC – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF)

("First Tellurium" or the "Company") announces that further to its press releases of July 22, 2026, and

July 23, 2026, it has now issued an aggregate of 2,591,184 common shares at a deemed price of $0.20 per

share to settle aggregate debt of $518,236.97. All shares issued in relation to these debt settlements are

subject to a hold period expiring December 1, 2026, in accordance with applicable securities laws and CSE

Policies.

About First Tellurium Corp.

First Tellurium’s unique business model is to generate revenue and value through the development of

tellurium-based technologies as well as mineral discovery, project development, and project generation.

First Tellurium is listed on the Canadian Securities Exchange under the symbol “FTEL” and on the OTC

under the symbol “FSTTF”. Further information about FTEL and its projects can be found at

www.firsttellurium.com.

On behalf of the board of directors of

First Tellurium Corp.

“Tyrone Docherty”

Tyrone Docherty

President and CEO

For further information please contact:

Tyrone Docherty

604.789.5653

[email protected]

X/Twitter:

https://twitter.com/TelluriumCorp

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, belie ves or anticipates will or may occur in the

future are forward -looking statements. These forward -looking statements involve numero us 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 c ircumstances. 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.