APRIL 26, 2011 – MONTREAL, QUEBEC – Critical Elements Corporation (TSX.V: CRE) (US OTCQX: CRECF) (FSE: F12) (“Critical”) and Blue Note Mining Inc. (TSX.V: BNT) (“Blue Note”) are pleased to announce results from the first eleven holes of the first phase, twenty-three hole diamond drill program undertaken to test the extensions of the underground resources/reserves at the Croinor Gold Project located in Val-d´Or, Quebec.
The 2011 drill program which commenced in February, 2011 set out to increase Mineral resources and Mineral reserves laterally east and west along strike, within the current resource block and at depth (see press release of December 6, 2010). To date, this first phase of the Croinor drill program has been completed with 23 holes and 7,185 meters drilled.
Assay results from holes drilled on the eastern extension of the resource block included in the July 2010 43-101 compliant prefeasibility study clearly establish the continuity of the mineralized zones and demonstrate excellent potential to add resources and reserves to the east of the current resource. Core sample analyses of significant mineralized zones are shown in Table 1.
Seven of the eleven holes intersected significant gold grades ranging from 1.81 g/t Au over 1.0 m in hole CR-11-387 to 11.75 g/t Au over 0.6 m in hole CR-11-382. Additional resources added in this area will be within 250 m from surface and in proximity to the planned Croinor infrastructure thereby minimizing development and capital requirements and improving the economics of the project.
|Hole No||Section||Dip||From (m)||To (m)||Lenght* (m)||Au g/t|
Table 1. Significant core sample intervals. *True width is estimated to be close to the core length since drilling was executed perpendicular to the veins.
“The results from the recent drill program are very encouraging” stated Leon Methot, Blue Note´s Chairman and CEO. “Additional resources in this area would enhance the economics of an already robust project. We will continue to track the deposit east along strike as we await the assays from the western extension and current resource block.”
Drilling is scheduled to resume in early May once all assay information is available.
The drill program was carried out by Forages La Virole and was supervised by InnovExplo personnel under Carl Pelletier P.Geo., a qualified and independent person according to NI 43-101. Gold values were determined by fire assay and AAS, or fire assay and gravimetric analyses if over 3 g/t, at the ALS Laboratory Group, Minerals Division laboratory in Val-d´Or.
John Martin, P. Eng., President and Chief Operating Officer of Blue Note Mining Inc., is a Qualified Person as defined under NI 43-101 guidelines and has reviewed the technical information contained in this release.
About Critical Elements Corporation
Critical Elements Corporation is a Canadian mining exploration company whose objective is to create value for its shareholders by acquiring promising projects that can be brought into production in the short terM. The Company is focused on the rare metals and Rare Earths, particularly tantaluM. It has achieved its objective with the Rose Tantalum-lithium project, which is currently at the advanced exploration stage.. Rose is one of several promising projects in this sector, most notably the Rare Earths projects in the Rocky Mountains of British Columbia and the Rare Earths and Tantalum-Niobium projects in Quebec. The Company look for projects that could increases its Tantalum resources and enable it to become the largest Tantalum producer in North America.
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with properties located in known gold regions of Canada, including the prolific Val-d´Or region of Quebec and northern New Brunswick.
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company´s products, technical uncertainties associated with operating an underground mine and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
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