First Tellurium Announces Final Tranche Closing of Private Placement, Raising $2,121,229.06

Vancouver, BC, Canada – TheNewswire - April 17, 2026 – First Tellurium Corp. (CSE: FTEL , OTC: FSTTF ) (the “ Company ”) announces that it has now completed a third and final tranche (the “ Third Tranche ”) closing of its non-brokered private placement previously announced on February 23, 2026 and increased on March 17, 2026 .  Under the Third Tranche, the Company has issued 1,182,354 Units at $0.17/Unit for gross proceeds of $201,000.18.  No finder's fees were paid in connection with the Third Tranche.  All securities issued under the Third Tranche are subject to a hold period expiring August 18, 2026, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.   A director of the Company participated in the Third Tranche, purchasing 100,000 Units for $17,000.  This insider participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”).  Such insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the securities distributed to the insider does not exceed 25% of the Company's market capitalization.