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Critical Elements Corporation

                                                                                                                                                                                                                                                                 Critical Elements signs with Strategic Partner for: take or pay off-take, collaboration for feasibility completion and project financing option                                                                                                                                                                                                                                                                                                                                


Critical Elements is a junior mining company in advance exploration stage. Its Rose Lithium-Tantalum flagship project well located in Quebec with on-site access to infrastructures like: powerline, road, airport, railway access and camp.

A recent financial analysis (Technical Report and Preliminary Economic Assessment (PEA) on the Rose Lithium-Tantalum Project, Genivar, December 2011) of the Rose project based on price forecasts of US$260/kg ($118/lb) for Ta2O5 contained in a tantalite concentrate and US$6,000/t for lithium carbonate (Li2CO3) showed an estimated after-tax Internal Rate of Return (IRR) of 25% for the Rose project, with an estimated Net Present Value (NPV) of CA$279 million at an 8% discount rate. The payback period is estimated at 4.1 years. The pre-tax IRR is estimated at 33% and the NPV at $488 million at a discount rate of 8%. (Mineral resources are not mineral reserves and do not have demonstrated economic viability). (The preliminary economic assessment is preliminary in nature). (See press release dated November 21, 2011.)

The conclusions of the PEA indicate the operation would support a production rate of 26,606 tons of high purity (99.9% battery grade) Li2CO3 and 206,670 pounds of Ta2O5 per year over a 17-year mine life.

The project hosts a current Indicated resource of 26.5 million tonnes of 1.30% LI2O Eq. or 0.98% LI2O and 163 ppm Ta2O5 and an Inferred resource of 10.7 million tonnes of 1.14% LI2O Eq. or 0.86% LI2O and 145 ppm Ta2O5.

Presentation, reports and media coverage

Critical Elements (TSXV:CRE) announced an agreement with an unnamed leading chemical company. The deal included a take-or-pay off-take agreement for all products produced from the company's Rose Lithium-Tantalum project.

Advanced Exploration Project

Rose Tantalum-Lithium
The pre-tax IRR is estimated at 33% and the NPV at $488 million at a discount rate of 8%.

Exploration projects

Ni-Cu-Co-Fe sulphide mineralization knowns for its magmatic nickel-copper sulphide deposits
Rocky Mountains,
British Columbia...