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Metamorphosis By De Beers: Prelude

Introducing the first chapter of De Beers’ magnificent new High Jewellery collection, inspired by Mother Nature’s transformation through the seasons

PARIS, FRANCE – Media OutReach – 3 February 2023 – In nature, change is the only constant. Seasons shift as flower buds blossom, bloom and fade. A caterpillar forms a chrysalis, preparing for its magical transformation into a butterfly. Beneath the earth’s crust, billions of years ago, a slow tectonic alchemy created ancient deposits of rough diamonds, the fruits of which are still being revealed. And it is through gradual adaptations that we achieve our innermost potential. De Beers pays homage to Mother Nature’s constant evolution with Metamorphosis by De Beers, a High Jewellery collection dedicated to the transformative power of natural diamonds.

Launching in January 2023 during Paris Couture Week, Prelude is the first chapter of the new collection, with a further chapter to be revealed in July 2023. Prelude explores the cyclical rhythm of time, harmoniously capturing the four seasons within nine one-of-a-kind designs.

With a focus on exceptional craftsmanship, Metamorphosis by De Beers encapsulates the transformation at the heart of De Beers, the only global luxury brand that begins at the source. De Beers realises the potential of rough diamonds, transforming these treasures of nature into one-of-a-kind High Jewellery that radiates magnetic beauty. The collection continues the evolution of the House itself, with artistic and technically ambitious designs that celebrate artisanal skills as well as the rare beauty of the raw materials.

The Prelude set showcases an array of expert goldsmithing and diamond-setting techniques, including serti neige (snow setting), fil couteau (knife-edge) and perlage (gold beading). Spring, summer, autumn and winter collide, with each season represented through different design signatures, coloured metals, diamonds and settings. The collection combines white, yellow and rose gold with white, brown and fancy-coloured diamonds, selected to evoke the hues of each season.

Nature’s metamorphic power is mirrored by an element of transformability in four of the nine pieces. A majestic transformable necklace features four diamond strands – one for each season – strung between two removeable clasps. Bead-set white diamonds and star-set yellow diamonds are joined by fil couteau to mimic the fledgling buds of spring; a twisted rope of diamond-set yellow gold evokes ripples on summer sand; brown diamonds set in rose-gold triangles conjure autumn’s russet leaves; and white gold serti neige represents the glacial beauty of winter.

In a contemporary ear cuff, each diamond strand is finished with a coloured-titanium chrysalis, hinting at the beginnings of nature’s most magnificent metamorphosis. The chrysalises can be removed and worn on a charm bracelet. Elsewhere, the four strands form a ring jacket for a 3.06 carat D-Flawless diamond solitaire from the De Beers Natural Works of Art collection, which can be interchanged with a pavé-set diamond ring. Another necklace features a detachable pear-shaped clip which can be worn as a brooch.

“In Metamorphosis by De Beers we have transformed the spontaneous beauty of nature into our most complex and innovative designs yet,” says Céline Assimon, CEO of De Beers Jewellers. “Each design in our Prelude set showcases a masterclass of artisanal savoir-faire – we have honed in on the details, combining antique-inspired settings with contemporary techniques such as coloured titanium. We have pushed the boundaries with the ear cuff, which has a mesmerising sense of movement and volume. It’s a very modern approach to classical High Jewellery, reflecting De Beers’ DNA of excellence through experimentation and constant innovation.”

Hashtag: #DeBeers #DeBeersHK #naturaldiamonds

The issuer is solely responsible for the content of this announcement.

About De Beers Jewellers

Founded in London, with a flagship store on Old Bond Street and a presence in the most exclusive locations around the world, De Beers Jewellers is the pinnacle of luxury diamond jewellery. Building on De Beers’ 130 years of expertise, the House glorifies the world’s most beautiful diamonds through creativity and craftsmanship in bold, distinctive designs.

De Beers is invested in ensuring all the diamonds it discovers create a lasting positive impact for people and the places where they are found. This comes with a pledge to build a better future – one that is fairer, safer, cleaner and healthier, in which communities thrive, ethical practices are maintained, and the natural environment is protected. We call this long-term commitment Building Forever.

De Beers Jewellers has 37 stores globally and ships to 15 markets via .

FB: @DeBeers
IG: @debeersofficial

RGE closes inaugural US$550 million Sustainability-Linked Derivative with MUFG

  • Sustainability-Linked Derivative (SLD) supports RGE’s strategy of pivoting its financing towards SLLs, a total of US$1.6 billion secured in 2022
  • Besides hedging the interest rate risk of its latest SLLs, the SLD shows RGE’s confidence in delivering on its SLL’s sustainability KPIs

SINGAPORE – Media OutReach – 3 February 2023 – Royal Golden Eagle (“RGE”), a global group of resource-based manufacturing companies, has announced that its member company Apical Group (“Apical“), a global leading processor of vegetable oil, has closed a two-year US$550 million Sustainability-Linked Derivative (“SLD“), its first SLD, with MUFG Bank, Ltd (“MUFG“).

In November 2022, Apical successfully secured a total of US$787 million in SLLs from a consortium of banks, with MUFG, First Abu Dhabi Bank, National Bank of Kuwait and Chang Hwa Bank among the Mandate Lead Arrangers and Bookrunners. The SLD will be used to partially hedge (US$550 million of the US$787 million) the interest rate risk of Apical’s latest round of sustainability-linked loans (“SLLs“).

The SLD allows Apical to fix its interest rate for US$550 million of its latest round of SLLs for a period of two years. This agreement is tied to the same set of key performance indicators (“KPIs“) under the SLLs and penalties will be incurred under the SLD in the event the KPIs are not attained. These KPIs include raising the level of verified traceability to its plantations, increasing engagement of suppliers to promote sustainable practices and traceability, increasing the number of Roundtable on Sustainable Palm Oil (RSPO) certifications among smallholder farmers, and reducing greenhouse gas emissions through methane capture facilities.

Tey Wei Lin, President, RGE, said:

“Sustainability is at the core of our business model and sustainable financing is the way forward for RGE. We have the support and interest from our banking partners and secured a total of US$1.6 billion in SLLs in 2022. We are now going one step further with the sustainability-linked derivative which imposes a second penalty on us if we do not meet the same set of KPIs for the SLLs. Acting on a belief that ‘well done is better than well said’, we have opted for this tool that facilitates an even greater level of accountability from us and we are confident that we will continue to deliver on our commitments.”

In 2021, RGE was among the first non-property players in Singapore to secure an SLL and the second largest borrower of SLLs in Singapore. In 2022, it raised approximately US$1.6 billion in SLLs including US$700 million under its pulp and paper business in China, Asia Symbol; US$120 million under Apical, and another US$787 million under Apical’s latest SLL to which the SLD is tied.

Nick Yee, Managing Director and Head of Global Client Solutions Sales for ASEAN, India and Oceania, MUFG, commented:

“MUFG is proud to have partnered RGE in structuring our inaugural Sustainability-Linked Derivative that linked the Interest Rate Swap to RGE’s sustainability commitments. With our market-leading Solutions and ESG Financing expertise, we have created a bespoke structure for RGE to achieve its sustainability targets and hedge its interest rate exposure concurrently. This collaboration demonstrates our collective sustainability commitments towards decarbonisation and tackling climate change, while managing financial risks.”

Hashtag: #RGE

The issuer is solely responsible for the content of this announcement.

About RGE

Headquartered in Singapore, RGE is a group of resource-based manufacturing companies with global operations. We produce sustainable natural fibres, edible oils, green packaging and clean natural gas used to create products that feed, clothe and energise the world. We help improve billions of peoples’ lives through sustainable products they use every day. With more than US$30 billion in assets and 60,000 employees, we are creating a more recyclable, biodegradable and lower carbon future.

Committed to sustainable development, conservation and community development, we strive towards what is good for the community, good for the country, good for the climate, good for the customer, and good for the company. With current operations spanning across Indonesia, China, Brazil, Spain and Canada, we continue to expand and engage new markets.

About Apical Group

Apical Group is a leading vegetable oils processor with an expanding global footprint. Apical’s vertically integrated mid-stream refining, downstream processing capabilities and capacity makes Apical an integral supplier that supports the food, feed and fuel needs across industries. Its business includes downstream processing into functional and specialty fats, oleochemicals and biodiesel among others, for domestic use and international export. Its operations are located in Indonesia, China and Spain, and include eight refineries, four biodiesel plants, four oleochemical plants and three kernel crushing plants. Through its joint ventures, Apical also has processing and distribution operations in India, Pakistan, Philippines, Vietnam, Myanmar, Brazil, Dubai and USA.

Laos Hesitant to Raise Minimum Wage

Garment factory in Laos (Photo: ILO)
Garment factory in Laos (Photo: ILO)

The Lao government remains unable to raise the minimum wage, despite rampant inflation the country faced in 2022.

The current minimum wage in Laos is LAK 1,200,000, which was raised from LAK 1,000,000 in August of 2022. At that time the government claimed it would raise the minimum wage again to Lak 1,300,000 in May of 2023.

However, the minimum wage may not be raised, according to the Ministry of Labour and Social Welfare recent annual meeting. According to the Vientiane Times, the government may be unable to raise the minimum wage because of a lack of supporting data.

The minimum wage was raised by 20 percent in 2022, however, according to the Bank of Laos, the average inflation for 2022 was 22.96 percent. According to the World Bank, consumer price inflation had risen to 37 percent by October 2022, with food inflation reaching a higher 39 percent.

This inflation has made the previous substantial minimum wage hike moot, and for the poorest, who spend the majority of their income on food, it results in a net loss.

The World Bank also reports that “two-thirds of households report spending less on health and education, which could undermine long-term human development. Although employment had risen by mid-2022, earnings did not keep pace with inflation.”

Another obstacle holding back a minimum wage increase, as reported by the Vientiane Times, is that many Lao people have increased their skills, but employers still pay them the minimum wage – not giving raises to those who have higher skill levels.

Therefore, because employers are not paying workers a rate equal to their skills, the government can’t increase the amount workers have to be paid.

Despite admission from the Ministry of Labour and Socia Welfare that a pay increase would be vital to the improvement of working conditions, employers have been resistant to an increase.

In light of these facts, the Ministry of Labour and Social Welfare told the Lao Federation of Trade Unions that Lao workers are not skilled. However, as pointed out by the Vientiane Times, “Unfortunately, many of those who win the [National Skills Competition] in Laos are unable to find work.”

As the labour authorities continue to work with the private sector on labour issues, they shine light on an important problem that Laos faces moving forward. The fastest way up the income ladder is attaining skills required for a modern economy.

Education is essential to new generations of Lao workers who will enter the labour force, but a recent education study found that Laos has the lowest scores in math, reading and writing of the six ASEAN countries tested.

Laos Reaches New Landmark in Electricity Generation

Laos Develops New Landmark in Electricity Generation
Laos' Hongsa power plant (photo: hongsapower.com)

During a National Energy and Mining Sector Meeting in Vientiane Capital in 2022, the Ministry of Energy and Mines revealed that Laos is currently capable of generating more than 1 MW around the country.

The British Ambassador welcomes the launch of Malvern College Tokyo at British Embassy.

TOKYO, JAPAN – Media OutReach – 3 February 2023 – Malvern College celebrated the launch of its seventh overseas school, Malvern College Tokyo, at the British Ambassador’s Residence yesterday. A cocktail reception was co-hosted by Her Excellency Julia Longbottom CMG, British Ambassador to Japan, and Ms Jacqueline So, Co-founder and Chief Executive of Malvern College International, Asia Pacific. Mr Robin Black, Chairman of Malvern College, Mr Keith Metcalfe, Headmaster of Malvern College, Mr Allan Walker, Director of International Schools, Malvern College, Dr Robin Lister, Regional Executive Advisor, Malvern College International, Asia Pacific and Mr. Mike Spencer, Founding Headmaster of Malvern College Tokyo were also present at the event. Senior leaders from the government, universities, international schools, corporates, and the wider community witnessed the ceremony and shared their excitement at the opening of what will be the first British-branded all-through IB school in Tokyo.

Officiating guests raising a toast and extending their blessings to Malvern College Tokyo Front row from the left - Mr Mike Spencer, Founding Headmaster of Malvern College Tokyo, Ms Jacqueline So, Co-founder and Chief Executive of Malvern College International, Asia Pacific, Ms Julia Longbottom, the British Ambassador to Japan, Mr Keith Metcalfe, Headmaster of Malvern College Back row from the left - Mr Allan Walker, Director of International Schools, Malvern College, Mr Samuel Wu, Co-founding Executive Director of Malvern College Hong Kong, board member of Malvern College Chengdu, Mr Robin Black, Board of Directors, Malvern College Council, Mr Michael Chan, Director of Malvern College Hong Kong, Dr Robin Lister, Founding Headmaster of Malvern College Hong Kong and Regional Executive Advisor of Malvern College International, Asia Pacific
Officiating guests raising a toast and extending their blessings to Malvern College Tokyo

Front row from the left – Mr Mike Spencer, Founding Headmaster of Malvern College Tokyo, Ms Jacqueline So, Co-founder and Chief Executive of Malvern College International, Asia Pacific, Ms Julia Longbottom, the British Ambassador to Japan, Mr Keith Metcalfe, Headmaster of Malvern College

Back row from the left – Mr Allan Walker, Director of International Schools, Malvern College, Mr Samuel Wu, Co-founding Executive Director of Malvern College Hong Kong, board member of Malvern College Chengdu, Mr Robin Black, Board of Directors, Malvern College Council, Mr Michael Chan, Director of Malvern College Hong Kong, Dr Robin Lister, Founding Headmaster of Malvern College Hong Kong and Regional Executive Advisor of Malvern College International, Asia Pacific

The school, located in the Tama district, a 40-minute commute from central Tokyo, is scheduled to open in September 2023. A significant part of the campus was originally designed by the renowned architect, Kisho Kurokawa and the new school is extensively equipped with a gymnastic stadium, a sports hall, library, dining hall, and multi-purpose sport facilities.

In his welcome speech, Mr. Mike Spencer, the Founding Headmaster of the school, shared his gratitude at being supported by such a talented team of people who are all working tirelessly to ensure that the new campus will be ready to welcome its first pupils this September.

Mr. Mike Spencer Founding Headmaster of Malvern College Tokyo delivering his welcome speech in the launch ceremony
Mr. Mike Spencer Founding Headmaster of Malvern College Tokyo delivering his welcome speech in the launch ceremony

Ms Julia Longbottom gave a congratulatory speech in which she acknowledged that “the friendship generation with the experience and understanding to fully realise the potential of the bilateral relationship. She spoke about the reforms in the education system to nurture creativity and innovation and acknowledged the way in which schools like Malvern College Tokyo will be able to draw on the strengths of two education systems and two cultures as they invest in young people.

Ms Julia Longbottom, British Ambassador to Japan giving a congratulatory speech
Ms Julia Longbottom, British Ambassador to Japan giving a congratulatory speech

In his speech, Mr. Keith Metcalfe, Headmaster of Malvern College, explained that “the establishment of this exciting new school in Japan is a natural extension of Malvern’s long-established commitment to developing an international mindset amongst our students and to educating pupils from diverse backgrounds across the globe. Whilst every Malvern school has its own unique characteristics, all our schools share the same fundamental values. Our common purpose centers around three core areas; exceptional academics, through a varied and challenging curriculum; an intentional focus on an holistic education; and people-focused pastoral care, providing a home from home. These pillars shape all that we do, and they ensure that we maintain the highest standards in all areas of our curriculum.

Mr Keith Metcalfe, Headmaster of Malvern College shared the history of Malvern College and explained the ethos that lies at the heart of a Malvern Education
Mr Keith Metcalfe, Headmaster of Malvern College shared the history of Malvern College and explained the ethos that lies at the heart of a Malvern Education

Ms. Jacqueline So, Co-Founder and Chief Executive of Malvern College International, Asia Pacific concluded, “Malvern College Tokyo will further extend the education offering in the region and will place a particular focus on entrepreneurship, financial literacy, sustainability, and the promotion of social and emotional wellbeing, aspects we believe are vital to equip our pupils for future success. I am proud of the dynamic network and strong links that exist within the Malvern Family of Schools. As our parent school, Malvern College UK is closely involved in setting standards and providing governance and oversight across the group. The Malvern College Family is recognised throughout the world for delivering a high-quality education, which is a testament to the calibre of the teachers we employ. That reputation has seen us receive over 1000 applications for our teaching vacancies here in Japan and therefore, I have no doubt that we will build an outstanding team of teachers at MCT who will continue our tradition of excellence.”

Ms Jacqueline So, Co-founder and Chief Executive of Malvern College International, Asia Pacific made a concluded speech
Ms Jacqueline So, Co-founder and Chief Executive of Malvern College International, Asia Pacific made a concluded speech

The ceremony concluded with all guests raising a toast and extending their blessings to Malvern College Tokyo wishing them success in making the very best contribution to the nurturing of a uniquely global mindset for its pupils.

Upcoming events available for coverage.

  • 4 Feb Malvern Creative Workshop

Session 1: 09:00 -10:30 (Ages 5-7)
Session 2: 11:00 -12:30 (Ages 8-10)
Session 3: 14:00 -15:30 (Ages 11-13)

Venue: Shinjuku Nomura Building, 2F

URL: https://www.malverncollegetokyo.jp/ja/malvern-experience

  • Mid-March (date TBC): “Experience Malvern” Workshop – Financial Literacy
  • Early April: Preview of the school building for the media and other interested parties

Hashtag: #MalvernCollegeTokyo



The issuer is solely responsible for the content of this announcement.

About Malvern College Tokyo

Malvern College Tokyo (MCT), scheduled to open in September 2023, is Malvern’s seventh overseas school. Located in the Tama district, a 40-minute commute from central Tokyo, MCT aims to be the leading international school and the first British-branded all-through IB school in Tokyo. The school will share the ethos of its parent institution, Malvern College UK, and will initially accommodate pupils from Years 1 to 9, growing to provide 950 places for both primary and secondary pupils up to Year 13 by 2027.

Official website:

About Malvern College

Malvern College UK is a day and boarding school founded in 1865. Together with its preparatory school, The Downs Malvern, Malvern College provides high quality education for boys and girls aged from 3 to 18 years. The School is renowned for its innovative approach to education; it pioneered the adoption of the Nuffield Science teaching approach (learning by experimenting) and was one of the first UK schools to adopt the IB Diploma programme and the Duke of Edinburgh award scheme. Malvern College UK now has an enviable reputation for being one of the most established IB schools in the UK and it comfortably beats the world average scores in all subject areas.

Thanks to its academic rigour, scientific heritage and its desire to offer a holistic education, the College, together with The Downs Malvern, has produced four Nobel Prize Winners: Francis William Aston, a Chemist; James Meade, an Economist; Alan Hodgkin, a physiologist; and Frederick Sanger, a Biochemist and double Nobel Laureate. Other famous alumni or, as they are referred to, ‘Old Malvernians’, include R. E. Foster, the only man to have captained both England football and cricket teams; C. S. Lewis, author of The Chronicles of Narnia; Lord MacLaurin, the former Chairman of Tesco and Vodafone and until recently, Chairman of Malvern College; and Baron Weatherill, the former Speaker of the British House of Commons, as well as psychologist Edward Titchener, and England’s current Chief Medical Officer, Sir Chris Whitty.

40% of the 2022 International Baccalaureate (IB) cohort achieved 40 points or over (out of a maximum 45 points). Worldwide, only 1% of candidates score more than 44 points but, in 2022, four candidates managed to achieve this accolade. The average points scored, over the past five years, by Malvern’s graduates has maintained the schools consistently excellent level of 37 points, which compares favourably to the 2022 world average of 32 points.

Official website:

Jerry Coworking Space Shakes up the Coworking Industry with “Best Price Guarantee” to Offer 25% Lower Prices than its Competitors’ Lowest Offer

KUALA LUMPUR, MALAYSIA – Media OutReach – 3 February 2023 – Colony Coworking Space, a leading provider of flexible office solutions, has just announced the introduction of their new “Best Price Guarantee” for private offices at its wholly-owned Jerry Coworking Space.

With this guarantee, businesses and entrepreneurs can show Jerry Coworking Space their best competing price of any coworking space in Klang Valley, and Jerry Coworking Space will not only match that price but go 25% lower. This approach of providing value for money offices at prime locations is a major factor of our impressive growth with 619% revenue growth in 2022 and a 67% year-over-year increase in average price per workstation. Jerry Coworking Space is committed to providing the most cost-efficient pricing for private offices without compromising on quality, making it a popular choice among businesses looking for affordable office space.

In addition to its cost-efficient pricing, Jerry Coworking Space also offers the flexibility of no contracts and the ability to cancel at any time. This has made it an attractive option for businesses that require the flexibility to scale up or down their office space.

Jerry Coworking Space is also announced the opening of two new locations in Kuchai Lama and Wangsa Maju, bringing the total number of Jerry locations in the Klang Valley to eight. This includes outlets in TTDI, Subang, SS2, Hartamas, Uptown, and Damansara Heights.

“At Colony, we have always been committed to providing flexible office solutions that solve problems of businesses. For Colony was to help companies with staff retention and for Jerry it’s to allow companies cost-savings and flexibility on their office needs,” said Timothy Tiah, CEO of Colony Coworking Space. “Our Jerry Coworking Space subsidiary is no exception. While it is still in the growth phase and not yet profitable, we see promise in the solution it offers. We are excited to continue expanding our reach and providing cost-efficient office solutions to the community.”

For more information about Jerry Coworking Space and the “Best Price Guarantee,” please visit https://www.imjerry.la/best-price-guarantee/

Hashtag: #Colony #CoworkingSpace

The issuer is solely responsible for the content of this announcement.

OctaFX joined forces with a local partner to provide emergency aid for flood victims in Kelantan, Malaysia

OctaFX joined its local partner in providing emergency aid for the victims of intense flooding in the state of Kelantan, Malaysia.

KUALA LUMPUR, MALAYSIA – Media OutReach – 3 February 2023 – The international broker OctaFX provided emergency aid in the state of Kelantan, Malaysia, where over 17,000 people had to be evacuated because of the intense flooding in the area at the end of December 2022.

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After severe flooding caused by the highest rainfall intensity since 1967, more than 72,000 people in several Malaysian states had to be evacuated. At least two people died, while many lost their livelihoods under the water. In the state of Kelantan alone, the authorities set up 106 relief shelters for the displaced people.

OctaFX joined forces with its local partner Azeehan, who helped provide emergency aid packages to over 150 families affected by the flood. Over a week, Azeehan distributed food packages that included rice, canned food, bottled drinks, biscuits, and other essential items.

‘I would like to thank OctaFX for providing emergency aid to the victims of the flooding in Kelantan. This really meant a lot to all those affected,’ Azeehan said about the effort.

‘The day we saw the news about those devastating floods, it became a major concern for us. Our partner in Malaysia, Azeehan, was willing to help from the start. Thanks to him, we were able to provide emergency aid to all those suffering the consequences of the flooding,’ the OctaFX press office commented.

Hashtag: #OctaFX

The issuer is solely responsible for the content of this announcement.

About OctaFX

is a global broker providing online trading services worldwide since 2011. The company is involved in a comprehensive network of charity and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities and small to medium enterprises.

First Phosphate CEO to Address the LFP Battery Session at CRU Phosphates 2023 Global Conference in Istanbul, Turkey

Saguenay, Quebec – Newsfile Corp. – 2 February 2023 – First Phosphate Corp. (“First Phosphate” or the “Company”) is pleased to announce that its Chief Executive Officer, John Passalacqua, will address the LFP Battery Session at the Phosphates 2023 Global Conference & Exhibition hosted by CRU Group and held on March 1, 2023 in Istanbul, Turkey. Mr. Passalacqua will be accompanied by First Phosphate Advisory board members Yves Caprara and Bernard Lapointe along with the Chairman of the board, Laurence Zeifman.

Date: March 1, 2023
Time: 9:30 am
Location: Hilton Istanbul Bomonti Hotel
Registration: https://events.crugroup.com/phosphates/register

Session Title: LFP Battery Session – The Coming Shortage in LFP Grade Phosphoric Acid

Session Topics:

  • Overview of the current situation on pure phosphoric acid and the global supply situation: Present and Future.
  • How do we define “LFP grade” phosphoric acid and What are the Criteria?
  • Clean, traceable, ethical, consistent, secure, high quality, to ESG scale, with a low carbon footprint.
  • Compliancy with U.S. Inflation Reduction Act (IRA) guidelines. Local secure sourcing.
  • Directly integrated into the supply chains of the major electric vehicle manufacturers.
  • The technology client and its necessities. This cannot be an after-thought of the food or fertilizer business.
  • The need to work together and to understand and to be a fundamental part of the EV battery supply chain.

“The North American Lithium Iron Phosphate (LFP) battery industry needs domestic production of phosphate that is clean, traceable, ethical, consistent, safe, high quality and ESG-driven, with a low carbon footprint, and compliant with the U.S. Inflation Reduction Act (IRA). This is precisely what First Phosphate aims to develop in its Saguenay-Lac-Saint-Jean phosphate properties,” said John Passalacqua, CEO of First Phosphate. “We look forward to presenting our thoughts of how we believe the LFP battery industry will develop and we thank the CRU Group for this prestigious invitation.”

First Phosphate holds 1,500 sq. km of total land claims in the Saguenay Region of Quebec, Canada that it is actively developing to produce battery grade phosphate. The Company’s flagship property is located approximately 125 km north of Saguenay, Quebec the province’s sixth largest city, providing easy access to a deep sea port, daily flights to Montreal, a skilled industrial workforce, and provincial infrastructure. First Phosphate is fully focused on integrating its phosphate material directly into the supply chain of major battery and electric vehicle producers in North America.

Neither the Canadian Securities Exchange (“CSE”) nor its Market Regulator (as such term is defined in the CSE policies) has reviewed or accept responsibility for the adequacy or accuracy of this news release.

-30-

For additional information, please contact:
Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/

About Phosphates 2023 Conference & Exhibition and the CRU Group
CRU’s Phosphates Conference regularly attracts more than 400 delegates from around the globe. The conference offers the ideal forum for senior decision-makers from commercial and operational elements of the phosphates value chain to understand which market and technology factors will influence the industry. Business leaders from producers, traders, consumers and engineering, technology and equipment providers meet at this annual event to engage in high-level networking, negotiate business and share industry knowledge. Since its foundation in 1969, CRU Group has invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China. CRU employs over 290 experts and has more than 11 offices around the world, in Europe, the Americas, China, Asia and Australia.

About First Phosphate Corp.
First Phosphate is a mineral exploration and development company fully dedicated to extracting and refining advanced phosphate material for the Lithium Iron Phosphate (“LFP”) Battery industry. First Phosphate is committed to producing at high purity level, at full ESG standard and with low anticipated carbon footprint. First Phosphate plans to integrate directly into the research & development and supply chain functions of major North American LFP Battery producers that require battery grade phosphate material that emanates from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of total land claims in the Saguenay Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous rock formation that generally yields high purity phosphate concentrate devoid of high concentrations of deleterious elements.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company’s commitment to producing high purity phosphate materials at full ESG standard under a low carbon footprint; the Company’s plans to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s proposed development of its land claims in the Saguenay Region; the select representatives of the Company attending the CRU Phosphates 2023 Global Conference & Exhibition; the topics, scope, and timing relating to the Company’s presentation; and the potential production of and the quality and nature of the phosphates located at the Company’s Saguenay-Lac-Saint-Jean properties, and how the Company produces it as anticipated by the Company.

Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company’s ability to producing high purity phosphate materials at full ESG standard under a low carbon footprint; the Company’s ability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s ability to develop its land claims in the Saguenay Region; the abilities of the select representatives of the Company to attend the CRU Phosphates 2023 Global Conference & Exhibition; the Company’s ability to cover the proposed topics in and within the time allotted for its session; the CRU Phosphates 2023 Global Conference & Exhibition being held at the time, location, and manner as announced by the CRU Group; and the Company’s ability to produce phosphates originating from the Company’s Saguenay-Lac-Saint-Jean properties and in the quality, nature, and manner as described by the Company.

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 Company’s inability to produce high purity phosphate materials at full ESG standard under a low carbon footprint; the Company’s inability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s inability to develop its land claims in the Saguenay Region; the inabilities of the select representatives of the Company to attend the CRU Phosphates 2023 Global Conference & Exhibition; the Company’s inability to cover the proposed topics in and within the time allotted for its session; the CRU Phosphates 2023 Global Conference & Exhibition not being held at the time, location, and manner as announced by the CRU Group; and the Company’s inability to produce phosphates originating from the Company’s Saguenay-Lac-Saint-Jean properties and in the quality, nature, and manner as described by the Company.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

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 difference between subsequent actual events and such forward-looking information, except as required by applicable law.

The issuer is solely responsible for the content of this announcement.