First Tellurium Announces Debt Settlement

First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) announces it has negotiated a debt settlement with an arm's length creditor pursuant to which it will settle aggregate debt of $218,236.97 in consideration for which it will issue 1,091,184 common shares at a deemed price of $0.20 per share. All shares issued in connection with this debt settlement will have a hold period expiring 4 months and 1 day after their date of issuance, in accordance with the policies of the CSE and applicable securities laws.