Critical Elements Lithium Summer Exploration Plans
1
PRESS RELEASE
CRITICAL ELEMENTS LITHIUM SUMMER EXPLORATION PLANS
May 12th, 202 5 - MONTRÉAL, QUÉBEC – Critical Elements Lithium Corporation (TSX -V: CRE) (US
OTCQX: CRECF) (FSE: F12) ( "Critical Elements" or the "Corporation”) is pleased to announce the
recommencement of active exploration on its highly prospective, 1,050 square kilometre land portfolio ,
including the 100% owned Nemaska Belt properties.
An important helicopter-borne electromagnetic VTEM plus time-domain system (“VTEM”) survey covering
the Nemaska Belt group of properties in the Eeyou Istchee region of Québec has been completed (Figure
1). The 2,701-line kilometre VTEM survey executed by Geotech Airborne Geophysical Survey covers the
entirety of Critical Elements’ 100%-owned Nemaska Belt properties with flight lines at a 200-metre spacing.
The objective of the survey was to identify conductors that could correlate with high-grade Nickel-Copper-
PGE mineralization and define high-priority drill targets.
Figure 1: VTEM survey map Nemaska Belt properties
2
The Corporation plans to begin a surface exploration program on the Nemaska Belt portion of the portfolio
and the Rose blocks at the end of May and intends to pursue a prospecting, mapping, and sampling
program until late August. Dahrouge Geological Consulting L td. (“Dahrouge”) has been mandated to
perform the summer exploration program targeting potentially economic mineralization including high-grade
Nickel-Copper-PGE as well as lithium-bearing spodumene.
Management continues to be engaged in assembling the funding required to make a final investment
decision on the Corporation’s flagship Rose Lithium-Tantalum project. These efforts build on the $20 million
conditional funding from Natural Resources Canada’s Critical Minerals Infrastructure Fund (see press
release dated February 6, 2025) and the support letter from a leading Canadian financial institution stating
its interest in providing long term debt financing of up to US$115 million (approximately C$150 million) of
project debt (see press release dated February 10, 2025).
Qualified Person
François Gagnon, P. Geo, Operations Director – Québec for Dahrouge Geological Consulting Ltd., is the
Qualified Person who has reviewed and approved the technical content of this press release on behalf of
the Corporation.
About Critical Elements Lithium Corporation
Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle
and energy storage system industries. To this end, Critical Elements is advancing the wholly -owned, high-
purity Rose Lithium-Tantalum project in Québec, the Corporation’s first lithium project to be advanced within
a land portfolio of over 1,050 km 2. On August 29, 2023, the Corporation announced results of a new
Feasibility Study on Rose for the production of spodumene concentrate. The after-tax internal rate of return
for the Project is estimated at 65.7%, with an estimated after -tax net present value of US$2.2B at an 8%
discount rate. In the Corporation’s view, Québec is strategically well-positioned for US and EU markets and
boasts good infrastructure including a low-cost, low-carbon power grid featuring 94% hydroelectricity. The
project has received approval from the Federal Minister of Environment and Climate Change on the
recommendation of the Joint Assessment Committee, comprised of representatives f rom the Impact
Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization
pursuant to section 164 of Québec’s Environment Quality Act from the Québec Minister of the Environment,
the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Québec
Minister of Natural Resources and Forests under the Québec Mining Act.
For further information, please contact:
Jean-Sébastien Lavallée, P. Géo.
Chief Executive Officer
819-354-5146
www.cecorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement concerning forward-looking statements
This news release contains “forward-looking information” within the meaning of Canadian Securities
legislation. Generally, forward -looking information can be identified by the use of forward -looking
terminology such as “scheduled”, “anticipates”, “expects” or “does not expect”, “is expected”, “scheduled”,
“targeted”, or “believes”, or variations of such words and phrases or statements that certain actions, events
or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward -looking
information contained herein include, without limitation, statements relating to the results and completion
of the 2025 exploration program and its related objectives , securing a strategic partnership and project
financing leading to a Final Investment Decision . Forward -looking information is based on assumptions
management believes to be reasonable at the time such statements are made. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could differ mate rially
3
from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking information.
Although Critical Elements has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimat ed or intended. Factors that may cause actual results to differ
materially from expected results described in forward -looking information include, but are not limited to:
final and complete results of the Corporation’s 2025 exploration program and effects on the Corporation’s
stated objectives, as well as those risk factors set out in the Corporation’s Management Discussion and
Analysis for its most recent quarter ended February 28, 2025 and other disclosure documents available
under the Corporation’s SEDAR profile. Forward -looking information contained herein is made as of the
date of this news release and Critical Elements disclaims any obligation to update any forward -looking
information, whether as a result of new information, future events or results or otherwise, except as required
by applicable securities laws.
Forward-looking information contained herein is made as of the date of this news release. Although the
Corporation has attempted to identify important factors that could cause actual results to differ materially
from those contained in the forward -looking information or implied by forward -looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers
should not place undue reliance on forward -looking statements or information. The Company undertakes
no obligation to update or reissue forward -looking information as a result of new information or events
except as required by applicable securities laws.