First Tellurium Announces Debt Settlement

First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) ("First Tellurium" or the "Company") announces it has negotiated a debt settlement with an arm's length creditor pursuant to which it will settle aggregate debt of $300,000 in consideration for which it will issue 1,500,000 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.

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”.