Critical Elements Lithium Intercepts 1.04% Li(2)O Over 33.85 Meters in Drilling at Lemare

MONTREAL, QC / ACCESSWIRE / June 20, 2023 / Critical Elements Lithium Corporation (TSXV:CRE)(OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to report results from the winter drill program completed on the Lemare Project in the James Bay region, Eeyou Istchee, Québec. During winter 2023, the Corporation completed a 5,554-meter drill program, encompassing thirty-one drillholes to test the known lithium bearing zone on the East-West extension, as well at depth. The best intercepts are presented in Table 1 and Figure 2.

Selected drill intersection highlights include:

• LE-23-32: 1.04% Li₂O and 67.91 ppm Ta₂O₅ over 33.85 m, including
  • 1.42% Li₂O and 74.24 ppm Ta₂O₅ over 18.8 m
• LE-23-33: 0.88% Li₂O and 113.92 ppm Ta₂O₅ over 12.90 m
• LE-23-35: 1.63% Li₂O and 104.30 ppm Ta₂O₅ over 5.25 m
• LE-23-44: 1.51% Li₂O and 54.15 ppm Ta₂O₅ over 4.95 m
• LE-23-48: 0.89% Li₂O and 48.89 ppm Ta₂O₅ over 7.10 m
• LE-23-49: 0.97% Li₂O and 64.43 ppm Ta₂O₅ over 8.85 m, including
  • 1.59% Li₂O and 61.34 ppm Ta₂O₅ over 2.40 m.

Critical Elements controls one of the largest hard rock lithium exploration land positions in North America, totalling 1,050 square kilometres specifically assembled for their geological setting and proximity to roads and Québec's 100% renewable energy grid. For example, its land position includes the Corporation's advanced Rose lithium-tantalum project ("Rose") and covers the extrapolated northeast and southwest structural extensions of the Nemaska Belt, which hosts the Whabouchi mine being developed by Nemaska Lithium.

Critical Elements has outlined its exploration plans in several news releases, most recently on February 1, May 16, and May 31. In addition to demonstrating the value inherent in the Corporation's exploration land package, there are three goals:

1. Extend the life of the primary Rose project;
2. Advance the Lemare project toward an initial resource estimate and technical studies if warranted; and
3. Demonstrate the potential of new targets highlighted via machine learning, or artificial intelligence.

Table 1: Lemare project - Summary of the significant lithium results from the winter drilling program