CRITICAL ELEMENTS LITHIUM - CRECF STOCK NEWS

Critical Elements Lithium Corporation announced the appointment of Mr. Michel Clément, P. Eng., PMP, as Senior Project Control Director. With over 25 years of experience in engineering and project management, Clément previously worked with industry leaders such as Stornoway Diamonds and Rio Tinto Alcan. CEO Jean-Sébastien Lavallée expressed confidence in Clément's ability to contribute to the success of the Rose Lithium-Tantalum project. The project boasts an estimated after-tax net present value of US$1.9 billion and strong environmental approvals, positioning it favorably in the market.

Critical Elements Lithium Corporation has appointed Andy Fortin as Senior Process and Commissioning Manager. Mr. Fortin, a Metallurgical Engineer with over 25 years of experience, will enhance the team's capabilities for the Rose Lithium-Tantalum project. The company aims to solidify its operational excellence and prepare for a Final Investment Decision. Critical Elements' Rose project boasts an impressive after-tax internal rate of return of 82.4% and a net present value of US $1.9 billion. The project has received key environmental authorizations, positioning it favorably for the North American lithium market.

Critical Elements Lithium Corporation has announced the grant of stock options, RSUs, and DSUs to management and independent directors as part of its Omnibus Equity Incentive Plan. A total of 279,475 RSUs, 78,603 DSUs, and 504,332 stock options were approved. The stock options have a 5-year term with an exercise price of $2.29. The company plans to advance its Rose lithium project in Québec, which has an after-tax internal rate of return of 82.4% and a net present value of US$1.9 billion. The project received environmental approvals necessary for further development.

Critical Elements Lithium Corporation has received a Certificate of Authorization from Quebec's Minister of Environment for the Rose Lithium-Tantalum Project, marking a significant milestone in its development. This authorization allows the company to engage in project financing discussions and advance towards mine construction. Previously, a positive federal decision was granted in August 2021, and the approval of the rehabilitation plan was achieved in May 2022. The project aims to provide economic opportunities for the Cree Nation and bolster sustainable development in the region.

Critical Elements Lithium Corporation (CRECF) announced the discovery of new Lithium-Tantalum pegmatite trends on its properties, including Duval, Lemare, and Rose. The summer 2022 prospecting program yielded multiple high-grade lithium results, with grab samples showing up to 2.08% Li2O. Notably, the Lemare property now shows a potential strike length of over 5 kilometers. Furthermore, drill results from the Lac Pivert showing revealed promising intersections of lithium-tantalum bearing pegmatite. The company has also approved an Omnibus Plan to attract and retain qualified personnel.

Critical Elements Lithium Corporation announced the appointment of Hughes Périgny as Senior Project Manager, bringing over 29 years of experience in engineering and construction, particularly in the mining sector. His past projects include significant roles with IAMGOLD and the construction of the Renard mine. The company aims to position itself as a major supplier of lithium for electric vehicles and energy systems, with its Rose lithium project showing promising feasibility study results, including an after-tax IRR of 82.4% and an NPV of US$1.9 billion.

Critical Elements Lithium Corporation (TSX.V:CRE) announced that at its Annual shareholders meeting on September 13, 2022, all resolutions were approved. Key outcomes included the election of directors: Jean-Sébastien Lavallée, Steffen Haber, and others; the appointment of KPMG LLP as auditors; and the adoption of the Omnibus Plan for equity incentive compensation. The company is focused on its Rose lithium project in Québec, which boasts an impressive after-tax internal rate of return of 82.4% and a net present value of US$1.9 billion.

Critical Elements Lithium Corporation has appointed Yves Perron as Vice-President of Engineering, Construction, and Reliability. Perron brings over 25 years of experience, having held senior roles in companies like Stornoway Diamond and Mason Graphite. His expertise includes managing significant projects; notably, he was integral to the successful construction of a $1 billion diamond project. To align his interests with shareholders, he has been awarded 300,000 stock options at an exercise price of $1.53. This leadership change is expected to enhance Critical Elements' operational capabilities as it advances its lithium project in Quebec.

Critical Elements Lithium Corporation has filed a National Instrument 43-101 compliant technical report for the Rose Lithium-Tantalum Project in Quebec, following a recent feasibility study. Key highlights include:

• Average production of 173,317 tonnes of chemical grade spodumene concentrate from Year 2 to Year 16.
• Estimated capital cost of US$357 million and an after-tax NPV of US$1.915 billion.
• Expected average gross margin of 68.3% and operating costs of US$74.48 per tonne milled.
• Project life estimated at 17 years with a construction time of 21 months to production.