Critical Elements Corporation Discovers a New Zone in Drilling on the Rose Deposit

MONTREAL, QUEBEC--(Marketwire - March 16, 2011) - Critical Elements Corporation (TSX VENTURE:CRE) (OTCQX:CRECF) (FRANKFURT:F12) is pleased to announce that a new zone has been discovered in drilling on the Rose deposit. The new zone is located stratigraphically above the southeast Rose zone, in its east-southeast extension. To date, 25 holes have been drilled on a 100-metre drill grid instead of the 50-metre grid used for earlier holes (LR-10-140 to LR-11-165, not included in the last resource estimate). All these holes intersected mineralized zone. This 100-metre drill grid will allow for a rapid increase in resources. The results obtained to date for these holes are shown in the table below.

The recently-obtained results are as follows:

HOLE	FROM			TO		TRUE WIDTH		Li20		Ta2O5		BeO		Rb		Ga		Cs
#	(m	)		(m	)	(m	)	(%	)	ppm (g/t	)	ppm (g/t	)	ppm (g/t	)	ppm (g/t	)	ppm (g/t	)
LR-11-144	110.05			119.65		9.60		0.91		136		348		2447		64		101
	131.40			137.45		6.05		1.17		82		385		1730		64		69
LR-11-145	137.15			151.15		14.00		0.98		78		298		1882		70		73
	159.70			163.00		3.30		0.6		99		311		2423		70		89
LR-11-146	140.10			147.55		7.45		0.28		136		281		3058		67		96
	162.85			175.90		13.05		1.47		100		494		2306		61		62

Drilling will resume next Monday, where the drill will be mobilized on Hole JR-11-13 to follow up on the 12 holes drilled on this zone in December 2010. The Company hopes to be able to outline a resource for this zone fairly quickly. 

A map showing the location of the holes drilled at the Pivert/Rose Lithium project can be found in the Rose Project section of the Company's website, at www.cecorp.ca.

In addition, nine 50-metre holes were also drilled on the Pivert-East (2), Pivert-South (2) and Helico (5) showings for a total of 450 metres. These holes confirmed the presence of multiple tantalum-beryllium-rich zones. The Company plans to carry out more detailed surface work around these showings to better determine the strike and dip of these new tantalum-beryllium zones.

The recently-obtained results are as follows:

HOLE	FROM		TO		TRUE WIDTH		Li20		Ta2O5		BeO		Rb		Ga
#	(m	)	(m	)	(m	)	(%	)	ppm (g/t	)	ppm (g/t	)	ppm (g/t	)	ppm (g/t	)
HE-10-01	9.00		11.35		2.35		0.94		> 100		683		1893		113
HE-10-02	7.80		9.90		2.10		0.35		282		506		1513		112
	50.90		52.40		1.50				150		288		1329		79
HE-10-03	9.40		11.45		2.05				204		422		980		114
	39.80		40.80		1.00				195		445		750		85
	42.70		43.90		1.20		0.77		133		279		2490		91
HE-10-04	8.90		10.30		1.40		1.00		169		888		2189		106
	17.65		18.25		0.60				232		218		660		92
	44.60		46.70		2.10				107		388		4054		89
HE-10-05	12.10		13.60		1.50				328		331		3421		131
	40.70		43.00		2.30		0.58		121		394		2431		96
PE-10-01	1.50		3.80		2.30				66		601		1429		54
	12.30		12.90		0.60				122		293		610		58
	43.10		44.15		1.05				> 100		431		1285		66
PE-10-02	3.70		5.30		1.60		0.77		> 100		680		2196		75
	41.70		43.00		1.30				97		414		2799		51
PS-10-01	8.90		11.10		2.20		0.37		59		239		3240		84
	29.65		30.20		0.55				101		327		1990		75
	46.95		47.60		0.65				> 100		247		1470		64
PS-10-02	9.70		10.75		1.05		0.91		> 100		362		1174		92
	11.30		11.70		0.40				110		383		1470		84
	30.55		31.05		0.50				104		304		1950		72
	46.00		46.45		0.45				> 100		246		160		41

* 1 ppm = 1 g/t

All samples were sent for analysis in sealed containers to the ALS Chemex laboratory in Val-d'Or by employees of the Company. ALS Chemex is the laboratory used for analysis of all samples from programs on the Lac Pivert/Rose property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 μm. All samples are analyzed using ICP-MS, with full analysis for 47 elements.

Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.