Forward-looking Statements

The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented. This presentation contains “forward looking statements” within the meaning of Canadian securities legislation. Such forward looking statements concern the Company’s anticipated results and developments in the Company’s operations and financial condition in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions, and include reference to events or conditions that will, would, may, could or should occur. These statements relate to analyses and other information that are based on expectations of future performance, including silver, gold, tellurium, tungsten, lead, zinc and copper production and planned work programs, cash flow forecasts, projected capital and operating costs, and metal price assumptions. Statements concerning mineral resource estimates may also constitute forward looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Forward looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Canadian and United States dollars); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company’s ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws a nd regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risk related to the global economy; risks related to environmental laws; risks related to political, economic, social and regulatory instability. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward looking statements. The Company’s forward looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, actual results may vary from those implied or projected by forward looking statements and therefore investors should not place undue reliance on such statements. Technical Reports for the Deer Horn Property were prepared by Plateau Minerals Corp and Gary Giroux, Giroux Consultants Ltd. and Moose Mountain Technical Services, consultants to Deer Horn Metals Inc. The Qualified Persons who prepared and supervised these reports under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects, are Bob Lane, P.Geo, Gary Giroux, P.Eng. and Tracey Meintjes, P.Eng.

We are unique

First Tellurium is committed to exploring for, and providing, essential and critical metals (Te, Au, Ag, Cu, W).

  • Fenix Advanced Materials partnership – potential future tellurium extraction and purification; developing new Li-Te batteries

  • Klondike Property, Colorado – High grade Te project will undergo next phase of exploration in 2022

  • Deer Horn Property, BC – high grades for Te, Au, Ag, with mineralization open in three directions. Also contains significant tungsten mineralization and copper porphyry indications

LEVERAGING DIVERSE PARTNERSHIPS

WHY TELLURIUM? VITAL FOR ENERGY & TECHNOLOGY

  • *Other, incl. cleantech – Includes Phase Change memory and technologies under research.

  • **Thermoelectric Products – Te is the most important metal for using heat to generate electrical power.

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KEY APPLICATIONS FOR TELLURIUM - PRESENT & FUTURE

  • High-efficiency cadmium telluride (Cd-Te) solar panels
  • Next-generation lithium-ion batteries
  • Semiconductors
  • Thermoelectric devices
  • Phase-change memory chips
  • Low-energy desalination

TELLURIUM'S ROLE IN THE SOLAR ENERGY REVOLUTION

  • High-efficiency cadmium telluride (Cd-Te) solar panels
  • Next-generation lithium-ion batteries
  • Semiconductors
  • Thermoelectric devices
  • Phase-change memory chips
  • Low-energy desalination

TELLURIUM'S ROLE IN THE SOLAR ENERGY REVOLUTION

  • Working with UBC Okanagan to develop next-generation lithium-tellurium (Li-Te) battery

  • Partners with FTEL for potential future tellurium extraction and purification plus other synergies to achieve a vertically integrated enterprise for cleantech metals

  • Fenix is a cleantech company specializing in the manufacture of ultra-high purity (UHP) metals

MALAMI CONSULTING PARTNERSHIP

Global Resourcing Partner Uniquely Positioned to Supply Tellurium and Other Critical Metals for First Tellurium.

First Tellurium has entered into a joint supply and sales agreement with Malami Consulting, LLC. Through their global network and established strategic relationships, Malami has secured a supply of tellurium and critical metals and made these supplies available to First Tellurium.

Malami is an American and Swiss-based boutique consulting and professional services company headquartered in Delaware, USA. Malami maintains Strategic Operations offices in Germany, Switzerland, and Dubai. It manages select client assignments around the globe. Current core business operations are centered in emerging and frontier markets, especially in the Middle East, North Africa, East Africa, and Central and Eastern Asia.

CHEONA METALS INDIGENIOUS PARTNERSHIP

First Tellurium has partnered with Cheona Metals and Indigenous mineral exploration entrepreneur Mr. Allen Edzerza to explore highly prospective areas of northern British Columbia.

Cheona has also partnered with Washington, DC-based RESOLVE, one of the world’s leading social and environmental organizations, to support the first Yukon placer mine restoration under the Salmon GoldTM label. Cheona’s agreement with RESOLVE is to search for and identify sites eligible to participate in mining and restoration under the Salmon Gold program. Gold produced under the agreement will be purchased by Apple and Tiffany as part of a responsible gold initiative.

INITIATIVE FOR RESPONSIBLE MINING (IRMA) PARTNERSHIP

Working to Bring About More Socially Responsible Mineral Exploration.

First Tellurium Corp. is one of the first junior mining company invited to join IRMA, the initiative for Responsible Mining Assurance.

IRMA was formed to answer to global demand for more socially and environmentally responsible mining. IRMA offers true independent third-party verification and certification against a comprehensive standard for all mined materials that provides ‘one-stop coverage’ of the full range of issues related to the impacts of industrial-scale mines.

First Tellurium is working with IRMA to establish the world’s first independent, third-party verification and certification for mineral exploration. 

FENIX LI-TE BATTERY DEVELOPMENT

  • Collaborative R&D with UBC Okanagan
  • May last up to four times longer than conventional lithium-ion batteries, with more power
  • Recently reported on Global News
  • Developed out of years of research and over $1M of development capital
  • Could be in commercial production within the year

KLONDIKE PROPERTY OVERVIEW
COLORADO

klondike-map

KEY APPLICATIONS FOR TELLURIUM - PRESENT & FUTURE

  • Exceptional tellurium prospect held previously by First Solar Inc., one of the world’s largest solar panel producers

  • Klondike was considered one of First Solar’s top tellurium prospects worldwide

  • First Solar planned to use Klondike as a potential primary source of tellurium for the company’s cadmium-telluride (Cd-Te) solar panels

  • When First Solar canceled their tellurium mining initiative, the property was purchased in 2013 by the geological team leading the company’s property acquisitions

KLONDIKE PROPERTY - FIRST SOLAR'S EXPLORATION

  • First Solar performed geophysics, sampling, drill targeting, and permitting from 2009 to 2011, encountering exceptionally high grades for Te

  • First Solar’s world Te acquisition program was abandoned before drilling identified Klondike targets

  • FTEL acquired an option to purchase the property from First Solar’s former team, who are now managing the upcoming exploration program at Klondike

  • FTEL expects to follow up on First Solar’s recommended drill program in 202

deer horn PROPERTY OVERVIEW
British Columbia

deerhorn-map

DEER HORN PROPERTY HIGHLIGHTS

  • 5,133 ha (51.33 sq km) located 36km south of the prolific Huckleberry Cu-Mo mine

  • One of few significant tellurium discoveries outside of Asia

  • 2.4 km-long vein system comprised of high-grade Au-Ag-Te and broader zones of bulk-tonnage Au-Ag-Te mineralization

  • Porphyry-style showings for both copper and tungsten

  • Owned 50% with option to acquire up to a 75% interest in the property
“The Deer Horn Property merits infill and tightly-spaced step-out diamond drilling focused both on upgrading and expanding the existing resource.”

– NI-43-101 Technical Report on the Preliminary Economic Assessment for the Deer Horn Gold-Silver-Tellurium Property May 31, 2018

RESOURCE ESTIMATE: AU, AG, TE

One of the few known resources of gold-silver-tellurium that has been NI 43 101 certified.
Calculated on only 20% of the known mineralized zone.

The above resource estimate was completed by G.H. Giroux, P.Eng., of Giroux Consultants Ltd., using industry standard methods that conform with Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards on Mineral Resources and Mineral Reserves referred to in National Instrument 43 101 Standards of Disclosure for Mineral Projects.

DEER HORN PEA HIGHLIGHTS

  • Pre-tax NPV (5%) of $56.6 million and internal rate of return of 56%

  • After-tax NPV (5%) of $36.5 million and IRR of 42%

  • Initial Capital of $28.3 million

  • After-tax payback of initial capital in 1.6 years

* Values in $CDN unless indicated otherwise. PEA figures calculated using metal prices of: US$1,300 oz/Au, US$17 oz/Ag, US$3.00 lb/Cu, US$1 lb/Zn, US$100 kg/Te ($100,000/Mt). The Preliminary Economic Assessment is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the Preliminary Economic Assessment will be realized.

BENEFITS OF OUR "SMALL MINE" APPROACH

First Tellurium is committed to exploring for, and providing, essential and critical metals (Te, Au, Ag, Cu, W).

This strategy offers significant advantages, including:

  • CURRENT PEA RESOURCE COVERS ONLY 20% OF KNOWN SHOWING
  • Greatly streamlines permitting, funding, development
  • Working closely with Indigenous partners who support smaller footprint
  • Use cash flow to expand resource without incurring high dilution
  • Aligns with First Tellurium’s sustainability values

KEY APPLICATIONS FOR TELLURIUM - PRESENT & FUTURE

  • High-efficiency cadmium telluride (Cd-Te) solar panels
  • Next-generation lithium-ion batteries
  • Semiconductors
  • Thermoelectric devices
  • Phase-change memory chips
  • Low-energy desalination

TELLURIUM'S ROLE IN THE SOLAR ENERGY REVOLUTION

  • High-efficiency cadmium telluride (Cd-Te) solar panels
  • Next-generation lithium-ion batteries
  • Semiconductors
  • Thermoelectric devices
  • Phase-change memory chips
  • Low-energy desalination
Silhouette of a man in an abandoned mine

WHAT'S NEXT FOR FIRST TELLURIUM?

  1. Klondike Project – follow up on First Solar’s recommended drill program in 2022
  2. Fenix Advanced Materials partnership: continue advancement of lithium-tellurium batteries
  3. Investigate and acquire other Tellurium projects in North America
  4. Deer Horn Project – further in-fill and step-out drilling to expand resources
  5. Further investigation of Deer Horn’s copper porphyry and tungsten targets

MANAGEMENT & DIRECTORS

Tyrone Docherty President & CEO

Pam Saulnier Secretary & CFO

Tony Fogarassy M.Sc. LL.M. Chairman

Matt Wayrynen Director

Allen Schwabe Director

Tyrone Docherty
President & CEO
Tel. +1 (604) 916-7259
tyrone@firsttellurium.com

Tony Fogarassy
Chairman
Tel. +1 (604) 808-8210
tony@firsttellurium.com

Head Office
Suite 381 - 1440 Garden Place
Delta, BC V4M 3Z2
Tel. +1 (604) 916-7259

www.firsttellurium.com