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Small Footprint. Big Impression.

An Explanation of First Tellurium’s Small Mine and Phased Approach Strategy

With a positive Preliminary Economic Assessment completed at the Deer Horn Property, First Tellurium’s strategy is to start with a small mine and expand it over time. A key driver of this strategy is Indigenous support, including potential investment and employment. This phased approach offers significant advantages over larger mines, including:

Management

Tyrone Docherty

President & CEO

Former President & CEO of Quinto Mining Inc., where with limited resources in a difficult market he raised more than $30 million and advanced a Quebec iron ore property to a viable project. Sold Quinto to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175M (starting from $4M). Consolidated Thompson eventually sold to Cliffs Resources for $4.9B. From 2012 to 2018, Tyrone was Director and Chairman of Mason Graphite Inc. Mr. Docherty has worked in the financial and minerals markets for over 30 years.

Pam Saulnier

CFO and Secretary

Directors

Tony Fogarassy, M.Sc. LL.M.

Chairman

Lawyer and geologist. Graduated as gold medalist in geological sciences from the University of British Columbia and in law from the London School of Economics. Extensive legal and technical expertise in minerals, oil & gas, coal and renewable energy projects and environmental and aboriginal/indigenous law in North America, Africa and Asia.

Tyrone Docherty

Director

Former President & CEO of Quinto Mining Inc., where with limited resources in a difficult market he raised more than $30 million and advanced a Quebec iron ore property to a viable project. Sold Quinto to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175M (starting from $4M). Consolidated Thompson eventually sold to Cliffs Resources for $4.9B. From 2012 to 2018, Tyrone was Director and Chairman of Mason Graphite Inc. Mr. Docherty has worked in the financial and minerals markets for over 30 years.

Matt Wayrynen

Director

CEO of Solar Flow Through Funds, one of Ontario’s leading solar developers. Also president of Berkley Renewables Inc., a solar energy development company. Former CEO of Bralorne Gold Mines Ltd. Extensive venture capital experience and has successfully raised hundreds of millions of dollars for public and private ventures in Canada, the USA and Mexico.

Allen Schwabe

Director

Mr. Schwabe has been a successful entrepreneur in the Lower Mainland region for nearly 40 years. He has also held President and Director positions for various mining companies for the last 25 years, playing key roles in fundraising and property acquisitions.

ADVISORY BOARD

Dr. Lee Groat, B.Sc., Ph.D, P.Geo

Consultant/Advisor

Professor at Dept. of Earth and Ocean Sciences with University of British Columbia and former NATO Postdoctoral Fellow at Cambridge University. Areas of research include mineralogy, geochemistry and ore deposits.

Paul Spry, M.Sc., Ph.D

Consultant/Advisor & Qualified Person

One of the world’s leading authorities on tellurium and tellurium deposits, Dr. Spry is a Professor of Economic Geology at Iowa State University’s Department of Geological and Atmospheric Sciences. He is a widely recognized expert on the genesis of ore deposits and metamorphosed ore deposits around the world and has coauthored more than 110 refereed papers in international journals. He has also written three books.

Don Freschi, founder of Fenix Advanced Materials

Consultant/Advisor & Qualified Person

Mr. Freschi is an expert in ultra-high purity metals and semiconductor development. He is the founder of Fenix Advanced Materials Inc., a world leader in ultra-high purity metals including tellurium. In this role, he has focused on tellurium battery technology and formed a collaboration with the University of British Columbia, Okanagan campus to develop and bring the battery to market. After years of research, and having pledged a million dollars of capital, the next generation tellurium lithium-ion battery project has had great success.

Funsho Ojebuoboh, MBA, PhD

Consultant/Advisor

Through his distinguished career, Dr. Funsho Ojebuoboh worked with companies such as First Solar, where he assisted in the sourcing and delivery of critical raw materials, including tellurium, that were key to their manufacturing of solar panels. Over his seven-year relationship with First Solar, he provided guidance to stakeholders, including executive management, legal and finance for the review and approval of supply agreements. Dr. Ojebuoboh is a globally recognized author and lecturer on the refinement and practical application of rare metals for solar panels and semi-conductors, including tellurium. He is also a standing member of the Minor Metals Trade Association (MMTA), The International Society for Optical Engineering (SPIE), The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and The Minerals, Metal and Materials Society (TMS).

James Guilinger, MBA

Advisor/Consultant

Mr. Guilinger’s tellurium exploration and development experience spans more than 20 years, involving various investigation consulting projects for tellurium throughout the USA and the world. He holds a Bachelor of Arts Degree in Geology from the University of Colorado and an MBA and International Business & Economics from Regis University, Denver. He is a member of good standing with the Society of Mining Engineers of the A.I.M.E., a member of the Society of Economic Geologists and a member of the QP Geology and the Mining and Metallurgical Society.

John Keller, P.Geo

Consultant/Advisor

Formerly the Exploration Manager in North America for First Solar, Mr. Keller is a field-oriented mineral exploration geologist with wide-ranging experience with several mineral commodities and in many geological environments, both in the U.S. and internationally. In 2012, Mr. Keller and a group of investors formed Colorado Klondike Llc to purchase the Klondike property from First Solar, which had recently discontinued its tellurium exploration and development program. Mr. Keller’s recent major exploration projects include tellurium, tungsten, lithium and gold/silver deposits in the western U.S. He has authored or co-authored ten published and peer-reviewed geologic maps for the Colorado Geological Survey, including the Boreas Pass quadrangle published in 2018. He is Certified Professional Geologist (CPG #11088) and a member of the American Institute of Professional Geologists. Mr. Keller is also a Qualified Person (QP) under National Instrument NI-43-101 (Canada).

George Klemmick, P.Geo

Consultant/Advisor & Qualified Person

Mr. Klemmick has thirty-three (33) years of experience in mineral exploration, development and production. Most of Mr. Klemmick’s experience has been in the precious metals, base metals, and industrial minerals/strategic metals sectors, including tellurium. Mr. Klemmick and a group of investors formed Colorado Klondike LLC to purchase the Klondike property from First Solar, which had recently discontinued its tellurium exploration and development program. Mr. Klemmick has been an integral part of technical teams that have placed three precious metals mines into production. He has also evaluated mineral properties and managed exploration and development projects in North America, South America, Asia and Europe. Mr. Klemmick is a Certified Professional Geologist within the American Institute of Professional Geologists (CPG # 10937), a Registered Geologist in the State of Alaska (license # 583), and a Qualified Person (QP) under Canadian National Instrument 43-101.

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