December 7, 2022

First CEO of Phosphate to address the Federation of Chambers of Commerce of the Saguenay-Lac-Saint-Jean region in Quebec

Saguenay, Quebec–(Newsfile Corp. – November 21, 2022) – First Phosphate Corp. (“First Phosphate” or the “Company”) is pleased to announce that its Chief Executive Officer, John Passalacqua, will speak to the Federation of Chambers of Commerce of the Saguenay-Lac-Saint-Jean region of Quebec City on 1st Decemberst, 2022, in Jonquière, Quebec. Vice-President, Corporate Affairs, David Dufour, will co-host and answer questions.

Date: 1st Decemberst2022

Time: 8:00 a.m. to 9:30 a.m.

Location: Hotel Delta Saguenay, 2675 Boulevard Du Royaume, Jonquière, Quebec G7S 5B8


Media briefing: 9:30 a.m.

“The North American lithium iron phosphate (LFP) battery industry needs clean, traceable, ethical, consistent, safe, high-quality, ESG-scale, low-carbon domestic phosphate production and conforms to US standards. Inflation Reduction Act (IRA) guidelines. This is precisely what First Phosphate is developing in its Saguenay-Lac-Saint-Jean phosphate properties,” said John Passalacqua, CEO of First Phosphate. “We look forward to working with local communities to support the local economy, stimulate investment and create employment opportunities so that the Saguenay-Lac-Saint-Jean region of Quebec can earn its well-deserved place within the global phosphate industry and the North American electric vehicle industry. »

First Phosphate’s flagship property, Lac à l’Orignal, is located approximately 110 km by car north of the city of Saguenay, the sixth largest city in Quebec, which hosts daily flights to Montreal, has a main – of skilled industrial work, a solid local infrastructure and which is 30 km by car from the deep sea port of Saguenay.

First Phosphate’s Bégin-Lamarche property is located approximately 90 km by car from the Port of Saguenay. The Corporation recently signed a Memorandum of Understanding (MOU) with the Port of Saguenay to secure deep sea access to global markets and a valuable industrial port development footprint.

First Phosphate has obtained drilling permits for its Lac à l’Orignal and Bégin-Lamarche properties, and announced the results of the mineral resource estimate and mineral processing tests for its two-stage Lac à l’Orignal project important in First Phosphate’s six phased development plan for the North American Lithium Iron Phosphate battery industry.


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About First Phosphate Corp.

First Phosphate is a mining exploration and development company wholly dedicated to the mining and refining of advanced phosphate materials for the lithium iron phosphate (“LFP”) battery industry. First Phosphate is committed to producing at a high level of purity, to full ESG standards and with an anticipated low carbon footprint. First Phosphate plans to integrate directly into the research and development and supply chain functions of major North American LFP battery producers who require battery-grade phosphate from a consistent and secure source of supply. First Phosphate holds over 1,500 km2 of total land claims in the Saguenay region of Quebec, Canada, which it is actively developing. The properties of First Phosphate consist of a rare anorthosite igneous rock formation which typically produces a high purity phosphate concentrate devoid of high concentrations of harmful heavy metals.

About the Federation of Chambers of Commerce of the Saguenay-Lac-Saint-Jean region of Quebec

The Federation of Chambers of Commerce of the Saguenay-Lac-Saint-Jean region of Quebec is a business advisory group created to optimize the resources of the various chambers of commerce and industry in the region in order to work collaboratively on issues affecting the region as a whole. The group is made up of the leaders of the region’s five chambers of commerce, representing more than 2,000 businesses in the Saguenay-Lac-Saint-Jean region working in all types of businesses in all types of industries.

Forward-Looking Information and Cautions

Certain information contained in this press release constitutes forward-looking statements under applicable securities laws. All statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by words such as “may”, “should”, “might”, “should”, “anticipate”, “expect”, “potential”, “believe”, “have the intention”, “plan”, “forecast”, “project”, “estimate”, “outlook” or the negative form of these terms and/or similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements regarding: the Company’s drilling permits for its Lac à l’Orignal and Bégin-Lamarche properties; the Company’s six-phase development plan; and, the Company’s access to the Port of Saguenay. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic, legislative and competitive risks, as well as uncertainties and contingencies. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including, but not limited to: the inaccuracy of the results of the mineral resource estimate and mineral processing tests; any foreseen or unforeseen risks associated with the Company’s drilling permits for its properties, including the limitation or potential revocation of permits; the Company will not pursue its six-phase development plan or that it considers any element contained in this press release as an important step in its future plans; and, the Company will no longer have access to the Port of Saguenay.

There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.

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