American Critical Elements Announces Re-Pricing of $0.15 Warrants

AMERICAN CRITICAL ELEMENTS INC.

SUITE 1845, 1066 WEST HASTINGS STREET

VANCOUVER, BC

V6E 3X1

PRESS RELEASE

FOR IMMEDIATE RELEASE

AMERICAN CRITICAL ELEMENTS ANNOUNCES RE-PRICING OF $0.15

WARRANTS

Toronto, Ontario, November 22, 2022 - American Critical Elements Inc. (“ ACE” or the

“Company”) (CSE - “ACRE”) wishes to announce that it will make an application to reduce the

exercise price of 5,000,000 warrants exercisable until December 8, 2022 at $0.15 per share,

issued pursuant to the private placement financing which closed on December 8, 2017, to $0.08

per share. The expiry date of the warrants has not changed.

The re-pricing is subject to the filing of an application with the Canadian Securities Exchange.

For further information, please contact:

Bill Johnstone, Corporate Secretary

Telephone: (416) 865-6605

About American Critical Elements Inc.

American Critical Elements Inc., is a mineral exploration company focused on the acquisition,

exploration and development of mineral resources.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains

forward-looking statements that involve risks and uncertainties, which may cause actual results

to differ materially from the statements made. When used in this Press Release, the words

“may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”,

“expect” and similar expressions are intended to identify forward-looking statements. Such

statements reflect our current views with respect to future events and are subject to risks and

uncertainties. Many factors could cause our actual results to differ materially from the

statements made, including those factors discussed in filings made by us with the Canadian

securities regulatory authorities. Should one or more of these risks and uncertainties, such as

actual results of current exploration programs, the general risks associated with the mining

industry, the price of gold and other metals, currency and interest rate fluctuations, increased

competition and general economic and market factors, occur or should assumptions underlying

the forward looking statements prove incorrect, actual results may vary materially from those

described herein as intended, planned, anticipated, or expected. We do not intend and do not

assume any obligation to update these forward-looking statements, except as required by law.

The reader is cautioned not to put undue reliance on such forward-looking statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in

the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.