Saguenay, Quebec . - July 5, 2023 - First Phosphate Corp. (CSE: PHOS) (FSE: KD0) ("First Phosphate" or the "Company") is pleased to announce the appointment of Armand MacKenzie to the advisory board of the Company. 

A discussion between First Phosphate CEO, John Passalacqua and Armand Mackenzie is available at: https://youtu.be/uJRXjloQQjk.

Armand MacKenzie was raised in traditional Innu territory. He has practiced law for 15 years and was chief legal advisor on land rights for the Innu Nation. He was a special advisor/negotiator on the drafting and adoption of the UN General Assembly Declaration on the Rights of Indigenous Peoples. He has negotiated numerous impact benefit agreements. He has been a mining executive for the last 15 years.

"Mr. MacKenzie is skilled in the business of mining and he knows the territory of Quebec and the indigenous heartland in which we operate," said John Passalacqua, CEO of First Phosphate. "Armand comes from very humble roots which he has never forgotten yet he is very well skilled on the international scale. He is an enigma and a model of indigenous success in Canada."

First Phosphate holds over 1,500 sq. km of total land claims in the Saguenay-Lac-St-Jean region of Quebec, Canada that it is actively developing. Its properties consist of rare anorthosite igneous rock formation that generally yields high purity phosphate concentrate devoid of high concentrations of deleterious heavy metals.

"My mining industry experience, coupled with my extensive relationships with Indigenous communities, provides for a good backdrop for meeting the needs of First Phosphate," said Mr. MacKenzie. "I am excited to work with the entire team at First Phosphate towards realizing this generational, clean mining and energy transition opportunity."

First Phosphate's flagship Lac à l'Orignal property is located approximately 110 km driving-distance north of the City of Saguenay, Quebec's sixth largest city, which hosts daily flights to Montreal, a skilled industrial workforce, strong local infrastructure, and which is 30 km driving-distance from the deep sea Port of Saguenay with unimpeded access to the world.

First Phosphate's Bégin-Lamarche property is located approximately 75 km driving distance from the 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.

Shares for Debt Settlement: In other news, the Company settled $60,000.00 of amounts owing to an arm's length ex-contractor through the issuance of 179,104 common shares of the Company at the deemed price of $0.335 per common share, with such shares subject to a statutory four month and one day hold period.