MARCH 18, 2011 – MONTREAL, QUEBEC – Critical Elements Corporation (TSX.V: CRE) (US OTCQX: CRECF) (FSE: F12) is pleased to announce that it has closed part of a non-brokered private placement for an additional $396,300, bringing the total financing to $1,474,200 (see press release dated March 4, 2011).

The Company issued 1,321,000 common share units at a subscription price of $0.30 per unit for total gross proceeds of $396,300. Each unit consists of one common share priced at $0.30 and half a warrant. Each warrant entitles its holder to purchase one common share of the Company at $0.45 for a 12-month period following the closing of the private placement.

The common shares are subject to a four-month hold period from closing.

The Company is pursuing its efforts to complete this private placement for a maximum of $2,000,000.

The proceeds of this private placement will be used for worKing capital and/or property development purposes.

The Company has sufficient funds to complete the prefeasibility study and continue its efforts to increase the resource on the Rose project. An exploration program is also planned for its projects in British Columbia.

Investor relations
The Company is also pleased to announce that it has retained the services of National Media Associates, an independent investor relations firM. National Media Associates will handle the dissemination of the Company’s profile and future press releases in the United States. The agreement covers a 12-month period, at a monthly fee of US $9,000. The firm will receive 350,000 stock options to acquire common shares of the Company at a price of $0.30 per share for 1 year.

Critical Elements Corporation has also retained the services of Paradox Public Relations to handle public relations. Paradox will focus on developing and expanding the Company’s communications with the financial community through a full investor relations prograM. The services being provided by Paradox Public Relations to Critical Elements Corporation includes marketing to the financial community, an inbound email service, use of an exclusive Paradox database, organization of meetings and presentation and service calls on behalf of the Company. The agreement covers a 24-month period at a monthly fee of $7,000. Paradox will also receive 450,000 stock options to purchase the same number of common shares of the Company at a price of $0.30 per share for 2 year.

Stock options
In accordance with its stock option plan, Critical Elements Corporation has granted 2,250,000 stock options to Directors, Officers and consultants of the Company. Each option entitles its holder to purchase one share of the Company for $0.30 for a five-year period.

The above-mentioned transactions are subject to the approval of the TSX Venture Exchange.

For more information, contact
Jean-Sébastien Lavallée, P.Geo
President and CEO


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.