Critical Elements Corporation
FRANKFURT : F12
TSX VENTURE : CRE
OTCQX : CRECF

Critical Elements Corporation

May 24, 2011 13:15 ET

Critical Elements Corporation Intersects 1.64% Li20 and 226 ppm Ta2O5 Over 9.20 Metres Near Surface

LAVAL, QUEBEC--(Marketwire - May 24, 2011) -Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to announce the latest results of drilling on the Rose Tantalum-Lithium deposit. The table below shows the results for holes LR-11-156 to LR-11-171 (except for Hole LR-11-167), drilled to test the eastern extension of the zones. All the holes intercepted the mineralized zones with similar grades to earlier results. Furthermore, some intersections returned particularly high tantalum grades, such as holes LR-11-160, LR-11-164, LR-11-166 and LR-11-169, which yielded 405, 483, 483 and 466 PPM TA2O5 respectively. Furthermore, the results of six other holes drilled on the JR showing confirm the potential for resource delineation at that showing. With the exception of Hole JR-11-16, for which results are still pending, all these holes returned significant lithium and tantalum values.

A map showing the location of the holes drilled on the Rose Tantalum-Lithium project can be found in the Projects section of Critical Elements' website, at http://www.cecorp.ca/en/projects/rose-tantalum-lithium.html.

THE RECENTLY OBTAINED RESULTS ARE AS FOLLOW:

LENGTH
HOLEFROMTOALONG THELi20Ta2O5BeORbGa
COREppmppmppmppm
No.(m)(m)(m)(%)(g/t)(g/t)(g/t)(g/t)
LR-11-15628.7531.552.80.33348734262961
122.75135.312.551.1464291218667
188.15188.950.80.0234248481076
LR-11-157150.45155.705.251.22101543194674
166.05174.758.700.4275241295555
LR-11-15820.2524.54.250.97286403233781
LR-11-159131.35145.3514.001.2966464249771
LR-11-16032.0035.203.200.91405434260873
53.3556.803.450.93387375210496
122.50133.1510.651.22105443271272
LR-11-16183.5590.957.401.4185365247073
LR-11-16244.9555.210.251.55161301173877
119.65122.32.650.01204376276762
LR-11-16314.6018.253.650.97319303212067
45.9055.109.201.64226306267579
134.85139.754.900.93114388221677
LR-11-16416.6520.153.51.02300238251773
24.325.651.350.0929341580065
51.0554.73.651.26197372134567
79.7581.151.40.12466184312379
88.2590.151.90.02483310390359
150.05161.911.850.7182392270467
LR-11-16526.1028.502.400.19246270260851
43.0047.204.200.15285165298557
143.95146.552.600.0113228613256
161.70173.7012.001.7767500150773
LR-11-16631.2532.651.400.54232241293076
42.6548.105.450.77167468253876
114.35116.452.100.03483285269080
179.85185.205.350.6962406237978
LR-11-16821.1529.808.651.02254365310966
83.3091.057.751.25154450341972
LR-11-16915.9020.254.350.57250359351668
23.4525.502.050.01466250205178
57.0059.902.900.7778430206070
66.5573.757.201.11249366275573
LR-11-17055.4558.753.300.98164362117474
62.5066.153.650.43379476174570
LR-11-17164.7567.052.300.02357364241655
69.9574.604.650.4223424168975
112.55119.356.800.89172563228072
JR-11-1331.7036.905.200.5103106145432
48.8052.904.100.6688314215047
56.2058.852.650.57119432155249
JR-11-1431.7536.955.201.41120358185058
44.2047.753.550.2778391286748
50.9052.101.200.7107347156070
74.1075.651.550.04120261127048
JR-11-1540.1542.752.600.67149450262169
57.5559.852.300.15117656311660
JR-11-1755.5558.052.500.37105254166263
63.6566.803.150.93145492233657
JR-11-1842.8048.956.150.8398549232569
61.0064.903.900.9574347189467
* 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.

ABOUT CRITICAL ELEMENTS CORPORATION

Critical Elements is actively developing its 100%-owned Rose lithium-tantalum flagship project located in Quebec. The project hosts a current Indicated resource of 11.4 million tonnes of 1.34% Li2O and 165 ppm Ta2O5 and Inferred resource of 2.1 million tonnes of 1.27% Li2O and 138 ppm Ta2O5.

Critical Elements has commissioned a prefeasibility study for the project from Genivar, one of the largest independent engineering firms in Canada. Genivar is also doing an environmental study, and Acme Metallurgical Ltd. of Vancouver is carrying out project metallurgy.

Critical Elements' portfolio also includes rare-earth and tantalum-niobium projects in the Rocky Mountains of British Columbia and in Quebec, as well as a 50% interest in the Croinor project, which is located in Quebec and contains a measured and indicated resource of 814,228 tonnes at 9.11 g/t Au, for 238,414 ounces of gold at a 5 g/t cut-off.

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

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.

Contact Information

  • Critical Elements Corporation
    Jean-Sebastien Lavallee, P.Geo.
    President and Chief Executive Officer
    819-354-5146
    president@cecorp.ca

    Paradox Public Relations
    514-341-0408