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First Phosphate Engages P&E Mining Consultants to Complete Preliminary Economic Assessment (PEA) on Its 100% Owned, NSR Royalty-Free Lac à l’Orignal Phosphate Project in The Saguenay-Lac-Saint-Jean Region of Quebec

Saguenay, Quebec – Newsfile Corp. – March 6, 2023 – First Phosphate Corp. (CSE: PHOS) (“First Phosphate” or the “Company”) is pleased to announce that it has commenced a Preliminary Economic Assessment (the “PEA”) on the Lac à l’Orignal Phosphate Project located in the Saguenay-Lac-Saint-Jean region of Quebec. The Company has engaged P&E Mining Consultants Inc. (“P&E”) to lead the PEA which will utilize the latest Mineral Resource Estimate completed by P&E in November 2022.

  1. The Lac à l’Orignal phosphate project contains a high-quality phosphate resource potentially suitable for LFP batteries necessary for the energy transition. Management has board approval to advance the project towards its first economic study, a PEA.
  2. The PEA will include details on project economics encompassing the separation of three marketable concentrates – a phosphate (apatite) concentrate, a titanium oxide (ilmenite) concentrate and an iron oxide (magnetite) concentrate.
  3. The objective of the PEA is to create a mine plan, mine production schedule, capital cost estimate and an operating cost estimate incorporated into a financial model to provide total cash flow, after-tax net present value (NPV), and after-tax internal rate of return (IRR).
  4. The project concept is to outline a development opportunity around a stand-alone open pit mine and concentrator facility for all three concentrates located in the Saguenay-Lac-Saint-Jean region of Quebec. The region already hosts significant existing and ongoing industrial activity including 4 aluminum smelters, an alumina refinery, forest products operations and hydroelectric power generating stations.
  5. The project design will tie into existing infrastructure including the low-to-no-carbon-emissions Quebec Hydro grid, and to existing municipal and heavy-haul road networks which provide access from the Lac à l’Orignal Project directly to the deep sea port of Saguenay. The Company has in place a memorandum of understanding with Port Saguenay to ship its phosphate concentrate internationally as well as access to greenfield land on which to build eventual advanced processing facilities.
  6. The completion of the PEA is scheduled for the third quarter of 2023.

The Lac à l’Orignal Mineral Resource Estimate is based on 63 drill holes and 17 surface channel samples totalling 7,984 m and 149.5 m respectively. A total of 49 drill holes (6,393 m) and 5 channel samples (27 m) intersected the mineralized wireframes used for the Mineral Resource Estimate. The database for the study contained 2,880 assays with varying percentages of P2O5. The Mineral Resource Estimate is presented below in Table 1.

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“Undertaking this PEA is an important step in our development of the Lac à l’Orignal property as we move forward along our path to develop cathode active material for LFP batteries for Electric Vehicles,” said First Phosphate President Peter Kent.

Metallurgical test work has also been successfully conducted by SGS Canada Inc. at their Quebec City facility with additional support by SGS Lakefield, Ontario. Recent test results have confirmed that an apatite concentrate can be obtained assaying over 38% P2O5 and at over 90% process recovery. Additional metallurgical test results indicate that the Lac à l’Orignal Deposit may have the potential to produce two additional, potentially marketable concentrates – an iron oxide (magnetite) concentrate and a titanium oxide (ilmenite) concentrate.

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 short driving driving-distance from the deep sea Port of Saguenay.

Purchase of Additional Mineral Claims for Shares

Furthermore, First Phosphate has entered into a purchase agreement with an arm’s length party to acquire 13 additional mineral claims within the Bégin-Lamarche claim block representing approximately 612 ha. in the area of the Saguenay-Lac-Saint-Jean, Quebec for consideration of $25,000, to be satisfied through the issuance of 27,173 common shares of the Company (the “Shares”) at a deemed price of $0.92 per Share. These Shares will be subject to a statutory four month and one day hold period from closing of the acquisition. The newly acquired claims are free from any royalty and the Company now holds 2,778 royalty free claims covering an area 1,531 sq. km.

Neither the Canadian Securities Exchange (the “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.

For additional information, please contact:
Peter Kent
President
peter@firstphosphate.com
Tel: +1 (647) 707-1943

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/

Qualified Person

The scientific and technical disclosure for First Phosphate included in this News Release have been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Geologist and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).

About First Phosphate Corp.
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active 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 vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. 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. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

About P&E Mining Consultants Inc.
P&E was established in 2004 and provides geological and mine engineering consulting reports, Mineral Resource Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. P&E is affiliated with major Toronto based consulting firms for the purposes of joint venturing on Feasibility Studies. P&E’s experience covers over 400 technical reports including First Phosphate’s Lac à l’Orignal NI 43-101 Mineral Resource Estimate which was completed in November 2022.

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 Company’s expectations for the completion of the PEA by Q3 2023; statements about the potential development and operation of an open-pit mine and concentrator facility based on the PEA; statements that the proposed project design will tie into existing infrastructure which will provide access from the Lac à l’Orignal Project directly to the deep sea port of Saguenay; and the Company plans transport its phosphate concentrate internationally as well as the Company obtaining access to greenfield land on which to eventually build advanced processing facilities thereon.

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; P&E’s ability to complete PEA on the Lac à l’Orignal Phosphate Project by Q3 2023; the PEA will result in the Company’s development and operation of an open-pit mine and concentrator facility based on the PEA; the project design will include a tie into existing infrastructure which will provide access from the Lac à l’Orignal Project directly to the deep sea port of Saguenay; and the Company’s ability to transport its phosphate concentrate internationally as well as its ability to obtaining access to greenfield land and to build advanced processing facilities thereon.

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; P&E’s inability to complete PEA on the Lac à l’Orignal Phosphate Project by Q3 2023; the PEA will not result in the Company’s development and operation of an open-pit mine and concentrator facility based on the PEA; the project design will not include a tie into existing infrastructure which will provide access from the Lac à l’Orignal Project directly to the deep sea port of Saguenay; and the Company’s inability to transport its phosphate concentrate internationally as well as its inability to obtaining access to greenfield land and to build advanced processing facilities thereon.

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.

About First Phosphate Corp.

JOINT OP-ED: United in Our Efforts to Move Towards Gender Equality

It is essential to consider how digitalization and innovation can be a source of gender equality and equity, writes Mariam Khan, Ina Marciulionyte, and Sonomi Tanaka.

Philips’ Gaming Brand, Evnia, Launches New Immersive Monitor.

SINGAPORE – Media OutReach – 7 March 2023 – Diversifying the gaming world with its presence and technical features, Philips’ newest brand, Evnia, today released its latest monitor. This monitor, named Philips Evnia 34M2C8600, focuses on giving its customers an immersive gameplay experience, thanks to its QD OLED curved display, true black, self-illuminating pixels, and rapid 175 Hz refresh rates with DisplayHDR ™ True Black 400 for ultra-smooth, brilliant images with incredible shadow details.

Philips Evnia 34M2C8600
Philips Evnia 34M2C8600

Introducing Philips Evnia
Philips Evnia was launched in October 2022 with the intention of reinventing the rules in the gaming industry. The brand’s motto, Reinvent the Rules, is a representative message about spreading inclusiveness in the gaming industry, and Philips Evnia bases its manifesto on creating an environment for everyone through its products. With their newest monitor, Philips Evnia 34M2C8600, they aim to do just that.

“Evnia’s new gaming monitor is designed for everyone. One of the features that makes this monitor stand out is the Ambiglow feature; it showcases what Evnia is all about: innovation, friendliness, openness, and a touch of playfulness,” Xeni Bairaktari, Global Marketing Lead of Philips Monitors and IT Accessories, said. “The Ambiglow feature allows each gamer to set the mood, or the ambiance, of the room. This allows each gamer to feel comfortable and personalize their gaming experience.”

Philips Evnia 34M2C8600
Along with Ambiglow, the Philips Evnia 34M2C8600 features Display HDR True Black 400 for shadowing, UltraWide QHD 3440 X 1440 pixels for crystal clear imagery, and 175 Hz refresh rates and 0.1 ms response time for smooth gameplay. In addition, the new curved monitor is equipped with a USB-C port, 90 W power delivery, MultiView PIP/PBP mode, USB KVM switch, and a 150mm height adjustment stand for an experience spoiled for choice.

QD-OLED, the most notable feature of 34M2C8600, features top-notch coloring and vibrant visuals through a merge of two technologies: OLED panel and quantum dot (QD) technology. By combining these two technologies into one feature, the new Philips Evnia 34M2C8600 monitor presents visuals that appear vivid and life-like, with accurate color and contrast reproduction for unlimited gaming experiences.

Philips Evnia 34M2C8600 Availability
The Philips Evnia 34M2C8600 will be available starting March and product availability may vary by country.

For additional information on Philips Evnia models:
https://www.evnia.philips

Hashtag: #PhilipsMonitors

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

About Evnia

Philips’ new gaming brand, Evnia, plans to “Reinvent the rules”. Designed for the modern gamer, Philips Evnia monitors slash stereotypes by providing more than just technical advantages, but also a sleek design that molds into any modern home environment.

At Philips Evnia, the goal is to make a monitor designed for everyone and anyone that aspires to be a gamer. With immersive features including the exclusive Ambiglow, gamers can personalize their surroundings and feel at ease when it’s time to game.

As new Philips Evnia models begin to launch throughout 2023, the only thing left for us to say is “Game on”.

“Hong Kong International a cappella Festival” returns. A feast for the ears from renowned local and overseas groups

HONG KONG SAR – Media OutReach – 7 March 2023 – The Hong Kong Federation of Youth Groups’ annual signature a cappella event “Hong Kong International a cappella Festival” makes a much anticipated return this year. Renowned local and overseas vocal groups will gather in the city to showcase the best of Eastern and Western culture through this amazing musical genre. Event highlights include the “International a cappella Extravaganza”, the “a cappella Gala” and the “a cappella Community Day”. The public is welcome to join in this exhilarating experience of funky beats and heavenly harmonies.

The Festival lineup includes:

Acapellago (PH) Making a very welcome return since their last visit in 2017, this popular group has participated in competitions in Europe, Asia and Mainland China since they were last here.

Freedom’s Boombox (US) a male trio who were originally part of the iconic group “The Exchange”, who have joined in previous Festivals and events. They are tour veterans and have visited more than 50 countries to share their music with youth and under-served artists.

Narin (KR) One of Korea’s most popular a cappella, one of their YouTube videos received more than 12 million. They are winners of multiple international a cappella contests.

Pipeline Vocal Project (US) The Alaskan girl trio’s outstanding harmony saw them take centre stage at the world’s stage at Expo 2020 Dubai.

Kaichiro Kitaura (JP) Master of the Jazz Vocal Percussion, he is also well known for his vocal drumming and sound effects of many instruments.

Boonfaysau (HK) The pride of Hong Kong, they have won multiple titles at international contests around Asia, as well as in Macau and Hong Kong and were the recipient of the VoiceJam Award by the Walton Arts Center of Arkansas.

VSing (HK) A major player in Hong Kong’s a cappella scene, their 2022 song “Hear Me Out” has been nominated for “Best Original Song by a Non-Scholastic Group” in the prestigious “2023 Contemporary a Cappella Recording Awards”

Sponsored by The Hong Kong Arts Development Council, the “Hong Kong a cappella Competition” will bring together more than 30 groups from secondary schools and open categories to vie for highly coveted top honours. The above-mentioned competition and the “International a cappella Festival” will be held on 23 March and 25 March respectively at the Queen Elizabeth Stadium. Tickets are on sale for the public from now on via the URBTIX website urbtix.hk, or visit the box office.

The public will be able to meet the a cappella groups in person during the “a cappella Community Day“, to be held at the Open Piazza, L4, of Metroplaza in Kwai Fong, the Atrium at Lee Tung Street in Wan Chai as well as in school. An “a cappella Gala” event will also be held at Piazza Area C, Hong Kong Cultural Centre. Admission is free.

The Cultural Services Unit of the Hong Kong Federation of Youth Groups is committed to promoting the development of local a cappella talent and creating more opportunities and space for young people to participate in culture and the arts. They have had more than 500 a cappella training sessions and activities, with more than 300 secondary schools and more than 370,000 participants having taken part.

In 2016, The Hong Kong Federation of Youth Groups won the “Art Education Award (Non-School Category)” issued by The Hong Kong Arts Development Council. The Federation is proud that such as the “Hong Kong International a cappella Festival”, “a cappella Education Programme” and “Hong Kong Melody Makers” have made key contributions to the development of local culture through promoting the appreciation and learning of a cappella music among youth, and also nurturing many a cappella groups. For more details about the Festival, please visit csu.hkfyg.org.hk.

Hashtag: #HKFYG

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

Thailand Begins Work on Longest Railway Tunnel Connecting to Laos

Thailand Begins Excavation on its Longest Tunnel Connected to Laos
The tunnel to be excavated for constructing a railway line (photo: Thaitrainguide.com)

The excavation work for Thailand’s longest tunnel, which will connect the country to Laos, has begun and it is expected to open for service by 2028 if construction finishes on time.

Laos-Cambodia to Enhance Tourism Between Two Nations

Laos-Cambodia to Enhance Tourism Between the Two Nations
SSCA chief Mao Havannall (left) signs an MOU with the DCAL aimed at increasing flights between Cambodia and Laos (Photo : FRESH NEWS )

Officials from Laos and Cambodia met last week to sign a Memorandum of Understanding, aimed to increase tourism between the two countries.

Boy Tied Up After Caught Stealing Cookies in Xaysomboun Province

Boy Tied Up After Caught Stealing Cookies in Xaysomboun Province
This image is used only for representational purpose (photo:.staffordshire-live)

Footage of a boy who was tied up to a motorbike after he was caught stealing a small bag of cookies in Xaysomboun province went viral on Monday, causing a stir among social media users.

NaRaYa Partners with PChome to Expand into the Taiwanese Online Market

BANGKOK, THAILAND – News Direct – 07 March 2023 – ‘NaRaYa,’ a leading lifestyle brand that manufactures and retails handbags and accessories to customers worldwide, has partnered with PChome, one of Taiwan’s most prominent eCommerce platforms to bring its products to Taiwanese consumers. This collaboration with PChome will provide Taiwanese customers with easy access to NaRaYa’s products with convenient logistics, as well as special promotions available exclusively on the platform.

NaRaYa is a leading Thai brand with over 15 branches worldwide. Headquartered in Bangkok, Thailand, NaRaYa’s products are handmade and produced by skilled local artisans from Thailand, where it is meticulously crafted using high-quality materials to offer exemplary products at reasonable prices. The company is constantly developing products to meet the ever-changing needs of consumers, and it also supports growth and economic development in local communities through job creation opportunities.

“As our customer base in Taiwan continues to grow, we see huge potential in this market. This business partnership with PChome will allow us to expand our reach to the Taiwanese market, giving customers more choices and convenience for their shopping experiences. In addition, this partnership will also provide us with a platform to market and sell our products, enhancing brand awareness among Taiwanese consumers,” said Pasin Lathouras, Chief Corporate Strategy Officer of NaRaYa. Lathouras added, “With PChome as our trusted partner, NaRaYa is determined to expand our presence in this market and offer customers the best product and experience we can.”

“We are very excited about this partnership; Thai products are attractive by their great design, quality, and price, our goal is to bring Thai products to Taiwanese consumers, and we are glad that NaRaYa trusts us to offer their products through our platforms. With our well-known presence and strong technological foundation in Taiwan market, we believe NaRaYa is a perfect fit for us. This, in turn, will also assist NaRaYa in reaching more customers in Taiwan; it’s a win-win situation,” said Sam Tsai, Managing Director of PChomeThai.

Highlights of the partnership:

• NaRaYa products are now available on PChome in Taiwan
• Expansion of NaRaYa’s business in the Taiwanese market
• Smooth logistics and seamless payment services & buyer protection policy
• Special promotions available exclusively on the PChome platform

For international partnership inquiries with NaRaYa, please get in touch with our export team at export@naraya.com

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

About NaRaYa

NaRaYa is a leading Thai brand with an extensive portfolio of products that appeal to a wide range of customers, including handbags, clothes, and accessories. Founded in 1989, NaRaYa has grown into one of the most well-known Thai brands, with over 15 branches worldwide. NaRaYa and its sub-brands are committed to producing high-quality products at affordable prices while supporting various social causes and local communities and pursuing a sustainable business to reduce its environmental impact. For more information about NaRaYa, please visit

About PChome Online & PChomeThai

The largest eCommerce group in Taiwan which was established in 1996 and publicly listed on Taiwan stock market in 2005 (stock symbol 8044.TWO) offers comprehensive eCommerce, logistics and FinTech services in Taiwan market. Operates 254,000 square meter warehouses and provides delivery service within 24 hours after an order is placed in the whole island-wide and delivery within 6 hours in the great Taipei area. In 2015, PChome Thai was established as a joint venture with Cal-Comp Electronics, a listed company in Thailand. PChomeThai ThaiShopping Service, is an overseas shopping service which dedicating in providing Thai products to Taiwanese consumers, with a full Chinese interface, direct fright free shipping from Thailand to Taiwan when an order reaches 490 THB. For more information about PChome, please visit