First Phosphate Corp. announced that Garry Siskos, CPA, CA has been appointed Chief Financial Officer of the Company. First Phosphate outgoing CFO, Bennett Kurtz, will be moving to the position of Chief Administrative Officer.

Gilles Laverdière has been appointed as Chief Geologist for the Company. Garry Siskos has over 25 years of international experience as CFO and COO inside entrepreneurial and multinational public and private business environments. He specializes in strategy, capital raising, structured finance, mergers and acquisitions.

He is experienced in the technology, mining, and automotive sectors. He was involved in two of Canada's Top 100 growth organizations. First Phosphate's Lac à l'Orignal property is located approximately 140 km driving-distance from the deep sea Port of Saguenay.

First Phosphate's Bégin-Lamarche property is located approximately 75 km from the deep sea Port of Saguenay. The Company has 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 recently concluded a 4,274 m drill program at its Bégin-Lamarche property, the most important of its blue-sky development properties.

The Company is expected to announce drilling results for the Bégin-Lamarche property in the coming weeks. The Company is currently undergoing a Preliminary Economic Assessment at its Lac à l'Orignal property and is expected to provide results by the fourth quarter of this year. The Company entered into agreement to engage MMP Munich MiningPartners GmbH for investor relations services with the effective date of May 22, 2023.

MMP's engagement is for an initial term of 3 months, during which the Company will pay MMP the aggregate fee of CAD 25,000 in cash.