Critical Elements Resumes Its 10,000-METER Summer Drill Program at Rose WEST
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PRESS RELEASE
CRITICAL ELEMENTS RESUMES ITS 10,000-METER SUMMER DRILL PROGRAM AT
ROSE WEST
August 4th, 202 6 - MONTRÉAL, QUÉBEC – Critical Elements Lithium Corporation (TSX -V: CRE) (US
OTCQX: CRECF) (FSE: F12) ( “Critical Elements ” or the “Corporation”) is pleased to announce the
resumption of its Phase 2 Summer 2026 exploration program, including 10,000 meters of systematic drilling
around the 100% owned Rose West Discovery (“Rose West”), located in Eeyou Istchee, Québec.
Critical Elements announces that drilling and related exploration activities have resumed at the Rose West
Project, following a precautionary suspension due to the proximity of a forest fire to the project camp and
drills (see Press Release dated July 6, 2026). All personnel have safely returned to site, and the Corporation
has resumed field activities following a confirmation that conditions are suitable for a safe return to
operations. The Corporation will continue to actively monitor the situation and maintains direct
communication with local authorities.
"The health and safety of our contractors is our highest priority" , said Jean-Sébastien Lavallée, CEO of
Critical Elements. “The Corporation is thankful to the local authorities and firefighters for their dedication
and hard work in supporting the safety of local communities and camp safety".
Information pertaining to the status of the forest fires in Quebec can be found HERE:
https://www.sopfeu.qc.ca/en/current-situation/.
The Winter 2026 drilling program was very successful in expanding the lateral footprint of the known
mineralized pegmatites and in identifying new lithium-tantalum bearing pegmatites in both the hanging wall
and footwall of the main Pegmatite 3 zone.
Located approximately 10 km to the west of the Rose Lithium-Tantalum Project ("Rose"), Rose West is a
near surface lithium -rich pegmatite bearing zone, initially intercepted by drilling over a 450 m x 370 m
footprint area in the winter of 2024, now covering an overall footprint of 1,250 m x 800 m (see Press Release
dated June 9, 2026), a six-fold increase in surface expression. The lithium-rich pegmatites typically range
from 10 to 40 m in thickness and together display a sub-horizontal stacked geometry. Recent drilling has
identified three (3) new spodumene-bearing pegmatitic bodies within the target area. The Phase 2 Summer
2026 drill program is designed to further expand this mineralized footprint, and to better define the geometry
and extent of the three new mineralized pegmatites intersected during the Winter 2026 Campaign.
The Summer 2026 drill program is designed to reach three (3) specific goals:
1. Expand laterally all around the existing mineralized footprint;
2. Infill drilling along Line C (Figure 1), to confirm grade and thickness continuity of the intersected
pegmatites;
3. Follow up on both newly discovered mineralized pegmatites (6 and 7) below the current extent of
mineralization.
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Figure 1: Location map of drillholes from the winter 2024 and winter 2026 campaigns and proposed
Summer 2026 drillholes.
To date, eleven (11) holes were drilled in the NE corner of the Main Target Area for a total of 2,073 meters.
Figure 1 below shows the location of these holes, which are designed to intersect all three principal
pegmatites, i.e., Pegmatite 5 (new), 3 (Main), and Pegmatite 2. Table 1 below presents the collar
coordinates, the planned length and the orientation of each of the holes drilled to date.
The Corporation has deployed two drill rigs to optimize the duration of the program. The drilling strategy is
straightforward: based on our current geological model and interpretation, apply a 100 m grid approach to
grow the known mineralized volume from its current boundary outward. The program targets the expansion
of the mineralized footprint to a potential of approximately 1 ,250 x 2,000 m and could confirm the addition
of at least two (2) more mineralized pegmatite bodies within the system.
Drillhole Grid UTM NAD 83 ZN18 Length Azimuth Dip
Position Easting Northing (m) (°) (°)
RW-26-35A G-14 411,629 5,764,025 171 245 -72
RW-26-36 G-15 411,711 5,764,082 207 245 -72
RW-26-37 G-16 411,793 5,764,140 204 245 -72
RW-26-51 G-17 411,874 5,764,197 192 245 -72
RW-26-52 G-18 411,956 5,764,254 189 245 -72
RW-26-53 H-18 411,899 5,764,336 195 245 -72
RW-26-54 H-17 411,817 5,764,278 201 245 -72
RW-26-55 H-16 411,735 5,764,222 201 245 -72
RW-26-56A H-15 411,653 5,764,164 195 245 -72
RW-26-57 I-15 411,596 5,764,246 90 245 -72
RW-26-58 I-16 411,678 5,764,303 201 245 -72
Table 1 – 2026 Summer drillhole locations and summary descriptions.
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Drillhole From To Length Li2O Ta2O5 Zone
(m) (m) (m) (%) (ppm)
RW-26-35A 86.95 90.50 3.55 P.R. P.R. 5
104.55 131.90 27.35 P.R. P.R. 3
152.40 161.50 9.10 P.R. P.R. 2
RW-26-36 87.45 95.15 7.70 P.R. P.R. 5
123.80 147.15 23.35 P.R. P.R. 3
RW-26-37 99.90 113.15 13.25 P.R. P.R. 5
139.30 161.70 22.40 P.R. P.R. 3
189.35 195.30 5.95 P.R. P.R. 2
RW-26-51 97.30 103.75 6.45 P.R. P.R. 5
130.80 148.85 18.05 P.R. P.R. 3
RW-26-52 112.40 121.20 8.8 P.R. P.R. 5
129.10 148.50 19.40 P.R. P.R. 3
RW-26-53 115.00 126.00 11.00 N.S N.S 3
RW-26-54 108.60 128.10 19.50 P.R. P.R. 3
RW-26-55 140.10 148.20 8.10 P.R. P.R. 3
RW-26-56A 95.80 110.60 14.80 P.R. P.R. 3
122.10 137.60 15.50 P.R. P.R. 3 (?)
RW-26-57 45.00 63.70 18.70 P.R. P.R. 5 (?)
RW-26-58 57.05 71.10 14.05 P.R. P.R. 5 (?)
* Core length; the true thickness is between 80 to 95% of the core length.
** P.R.: Pending Results, N.S.: No Spodumene.
Table 2 – Spodumene-rich pegmatite intervals and assay results from the Summer 2026 drill campaign.
As previously discussed, the stacked nature of the mineralized system allows for the intersection of multiple
pegmatite bodies within a given drillhole (Table 2 ). While keeping the same “grid -based” systematic
approach, not all drillholes are anticipated to intersect each pegmatite. Figures 2 to 4 present plan views
of the individual pegmatite zones as defined in the Winter 2026 program, as well as the nature of each
intersection through the given zone.
Figure 2 is a horizontal plan view on which the projection of Pegmatite 5 is presented. All holes that were
drilled on Line G successfully intersected Pegmatite 5. Holes RW -26-56A and -55 on Line H , also
intersected Pegmatite 5, although the zone is less strongly expressed. Holes RW-26-58 and -57 appear to
have intersected either a new stacked zone , or they could have intersected an offset equivalent of
Pegmatite 5 or 3; interpretation of this sector is underway.
Figure 3 presents the Pegmatite 3 plan view projection. Most of the holes intersected the Main pegmatite,
confirming its continuity across Lines G and H. However, a major fault has also been intersected in holes
RW-26-53 and -55, likely explaining the absence of Pegmatite 3 on Line I in holes RW-26-57 and -58.
Figure 4 presents the Pegmatite 2 longitudinal view. Pegmatite 2 is confirmed to be present towards the
central core of the mineralized area, and as predicted by our 3D model, it appears to get cut -off or merge
into Pegmatite 3 towards the north. As a result, Pegmatite 2 was only intersected in holes RW-26-35A to -
37.
“So far, the Summer 2026 drilling program is well engaged , providing the data needed to optimize the
growth potential of the various mineralized zones and increase the level of confidence in our 3D geological
model. Given the success of the current drilling program, we will therefore continue to further test the extent
of the zones in all directions. We are hopeful that the program will demonstrate the continuity of not just
one, but several lithium - and tantalum-rich pegmatites that are confirmed to date. Lastly, from a wildfire
perspective, we are grateful to assess that the situation at the Project Area has evolved in the right way;
field activities can resume, and most importantly, everyone is safe, we will be making sure that it remains
this way”, commented Kenneth Williamson, Director of Exploration of the Corporation.
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Figure 2: Pegmatite 5 projection Plan Map – Zone outline and targeted extensions.
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Figure 3: Pegmatite 3 projection Plan Map – Zone outline and targeted extensions.
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Figure 4: Pegmatite 2 projection Plan Map – Zone outline and targeted extensions.
Quality assurance/quality control
Quality assurance and quality control procedures have been implemented to ensure best practices in
sampling and analysis of the drill core samples. Standards, duplicate and blanks were regularly inserted
into the sample stream. The drill core samples were delivered, in secure tagged bags to the ALS Minerals
laboratory facility in Val-d’Or, Québec. 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 sodium peroxide fusion ME -MS-89L, with full analysis for 52 elements. Value
over 25,000 ppm Li were re -assays using Li -ICP-82b and value over 2,500 ppm Ta 2O5 were re-assays
using Ta-XRF10.
Qualified Person
Kenneth Williamson, Géo, M.Sc. Director of Exploration at Critical Elements , is the Qualified Person that
has reviewed and approved the technical contents of this news 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 1,0 16 km2. 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 val ue 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
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project has received approval from the Federal Minister of Environment and Climate Change on the
recommendation of the Joint Assessment Committee, comprised of representatives from the Impact
Assessment Agency of Canada and the Cree Nation Government, received the Certificate of Authorization
under the 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”. Forwa rd-looking
information contained herein include, without limitation, statements relating to the anticipated receipt of the
final assay results from the 2026 drilling program on the Corporation’s Rose West property, the results and
completion of the 2026 exploration drilling program and its related objectives. 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 materially 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:
delays in obtaining final assay results from the laboratory facility, the final and c omplete results of the
Corporation’s 2026 exploration drilling program on the Corporation’s Rose West property not delivering the
anticipated results and the effects on the Corporation’s stated objectives, as well as those risk factors set
out in the Corpo ration’s Management Discussion and Analysis for its most recent quarter ended May 31,
2026 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 Corporation undertakes
no obligation to update or reissue forward -looking information as a result of new information or events
except as required by applicable securities law