CRITICAL ELEMENTS LITHIUM - CRECF STOCK NEWS

Critical Elements Lithium Corporation reports positive results from the winter drill program on the Lemare Project. The Corporation completed a 5,554-meter drill program and identified significant lithium intersections. The confirmed spodumene-prospective pegmatite strike length at Lemare exceeds 2.2 kilometers. Further work will be pursued over the summer.

Critical Elements Lithium Corporation reports results from recent drill program on Rose Lithium-Tantalum Project. Best intercepts include 1.33% Li2O and 66.41ppm Ta2O5 over 13.20 m. FEED and value engineering studies for process plant and infrastructure completed. Multiple parties express interest in financing and development of Rose Project. Government of Canada introduces 30% investment tax credit in 2023 Budget.

Critical Elements Lithium Corporation has received approval from the Québec Minister of the Environment for Hydro-Québec's connection and powerline relocation project, advancing the Rose Lithium-Tantalum Project. This decision, following prior approvals, enables Hydro-Québec to relocate a segment of the Eastmain-1-Nemiscau line to connect the mine to the powerline. The project aims to harness Québec's clean electricity resources, with 94% derived from hydropower. With a projected after-tax net present value of US$1.9 billion and an internal rate of return of 82.4%, Critical Elements is closer to making a final investment decision.

Critical Elements Lithium Corporation has received a recommendation from the Environmental and Social Impact Review Committee (COMEX) for the approval of Hydro-Québec's connection and powerline relocation for the Rose Lithium-Tantalum Project. This recommendation, resulting from the COMEX's 408th meeting on November 2, 2022, is crucial for the project's advancement, as it requires Hydro-Québec to relocate a powerline and construct infrastructure to connect the mine site.

The company continues to progress towards obtaining necessary authorizations, previously receiving favorable decisions from federal and provincial authorities, indicating strong support for the project.

Critical Elements Lithium Corporation (CRECF) provided an update on its Rose Lithium-Tantalum project. The corporation is fully funded for ongoing exploration, engineering, permitting, and project financing. A drilling program has commenced on the Lemare Lithium project aimed at confirming existing lithium zones. The front-end engineering design (FEED) study for the process plant is advancing with 98% completion. Critical Elements is also actively pursuing financing opportunities and has secured necessary environmental authorizations from provincial and federal levels. A final investment decision is anticipated if permits are granted and financing secured.