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

Critical Elements Corporation

April 28, 2011 11:28 ET

Critical Elements Corporation Intersects up to 1.60% Li2O, 427 ppm Ta2O5, 749 ppm BeO, 5,175 ppm Rb and 85 g/t Ga

LAVAL, QUEBEC--(Marketwire - April 28, 2011) -Critical Elements Corporation (TSX VENTURE:CRE) (OTCQX:FGEXF) (FRANKFURT:F12) is pleased to announce the recent drill results for the Rose Tantalum-Lithium project. The table below shows the results for holes LR-10-147 to LR-10-155, which were drilled to test zone extensions to the north and east. The holes all intersected the mineralized zones. However, for Hole LR-10-149 intersected the mineralized zone within a fault, and core recovery within the zone was therefore only about 30%, which does not allow for representative grade estimation for this hole. Zones enriched in tantalum were also intersected in the immediate vicinity of the main Rose zone. These various zones returned up to one pound per tonne in some areas. All these results will be included in the new resource estimate.

Critical has drilled 26 new holes on the Rose showing, including three exploration holes, as well as six other holes on the JR showing. The results for these holes are expected in the coming weeks. Holes LR-10-156 to LR-10-178 will also be included in the new resource estimate.

A map showing the location of the holes drilled on the Rose Tantalum-Lithium project can be found in the Projects section of Critical's website.

The best results obtained to date are as follows:

CORETa2O5BeORbGa
HOLEFROMTOLENGTHLi20ppmppmppmppm
#(m)(m)(m)(%)(g/t)(g/t)(g/t)(g/t)
LR-11-147159.70167.958.250.331843862,25163
192.30200.858.550.56943301,95165
205.05207.502.45NSV2823891,46785
LR-11-148174.00184.9010.90NSV1841032,80062
217.65230.6513.000.84713481,80559
LR-11-149170.70173.102.40NSV1733455,17567
228.40242.4014.00NSV10813194348
LR-11-150214.10225.6011.501.42714112,27571
247.20249.752.550.421911801,01268
LR-11-151179.60187.057.451.421342261,63563
188.50189.601.101.6014716269081
191.85194.452.600.821112722,26665
218.85219.851.00NSV4273518363
225.40227.602.20NSV2916434769
LR-11-152167.05168.851.801.011382951,17873
172.55174.101.550.261673951,93670
204.80209.304.501.591283761,50476
LR-11-153183.45186.653.200.81584491,17369
231.05235.654.600.86774792,29175
263.00263.900.90NSV1953161,57084
LR-11-15481.9085.103.201.232493231,48773
141.00142.151.15NSV23220791060
LR-11-15593.85106.5512.700.921107492,15560

* 1 ppm = 1 g/t

All the samples were sent for analysis in sealed containers to the Chemex laboratory in Val-d'Or by Critical employees. Chemex is the laboratory used for analysis of all samples from exploration program on the Rose Tantalum-Lithium 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.

The Corporation regrets to announce the departure of Daniel Kivari. The Board of Directors thanks Mr. Kivari for his contribution.

Critical Elements Corporation is working toward a future transition from tantalum and lithium exploration company to a development company with project in Quebec and British Columbia, Canada. Critical is engaged in executing its strategic plan, which involves fast-tracking its Rose deposit to the commercial production stage. The wholly-owned Rose deposit is located near Nemiscau, Quebec.

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