CRE Critical Elements Lithium Corporation

Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF) (FRANKFURT:F12) is
pleased to report the latest results of the optimization metallurgical program
underway at SGS Canada Inc. (Lakefield) for its Rose lithium-tantalum deposit in
James Bay, Quebec.


The program has resulted in significant tantalite optimization recoveries,
achieving tantalum recoveries of up to 84% with a concentration grade of 11,713
g/t Ta (14,303 g/t Ta2O5) in laboratory batch tests using wet high intensity
magnetic separation (WHIMS). The average Ta recovery rate for the program stands
at 77.6% with a concentration grade of 10,700 g/t Ta (13,066 g/t Ta2O5) in batch
magnetic separation tests (see table below). 


The Corporation expects these results to dramatically increase the projected
amount of tantalite (Ta2O5) produced from the Rose project, although additional
testing is needed to confirm this with greater certainty. The initial economic
numbers from the December 2011 PEA analysis were based on a tantalum recovery of
50%. The latest results indicate a 27.6% increase in average recovery compared
to the PEA figures, which could potentially mean more than 100,000 additional
pounds of tantalite (Ta2O5) produced per year. The estimated final recovery rate
and quantity of tantalite to be produced will be better defined by pilot plant
testing, as well as in the upcoming feasibility study.


''To the best of our knowledge, the Rose lithium-tantalum deposit is the only
new economic conflict-free tantalum industrial-scale source in the world. The
recent robust recoveries and high purity results from the optimization testing
program prove the stand-alone class of the deposit, which has the potential to
become a key source of strategic metal supply,'' said Jean-Sebastien Lavallee,
President and Chief Executive Officer of Critical Elements Corporation.


Results of Batch Magnetic Separation Tests to Recover Ta Concentrate



-------------------------------------------------------------------------
Test No.                           Assay          Assay    Distribution %
                         ------------------------------------------------
                                                                         
                                  Ta g/t       Ta2O5g/t                Ta
-------------------------------------------------------------------------
F10                                                                      
                                  11,713         14,303              80.3
-------------------------------------------------------------------------
F11                                                                      
                                  10,388         12,685              84.0
-------------------------------------------------------------------------
F12                                                                      
                                  11,200         13,676              73.9
-------------------------------------------------------------------------
F13                                                                      
                                  10,200         12,455              77.6
-------------------------------------------------------------------------
F14                                                                      
                                  10,000         12,211              72.2
-------------------------------------------------------------------------
AVERAGE                                                                  
                                  10,700         13,066              77.6
-------------------------------------------------------------------------



Mr. Lavallee said: "This new forecast level of tantalite concentrate production
could make Critical Elements one of the largest tantalum producers in the world.
Recent tantalum mine closures in Canada, Mozambique and Australia are creating a
major shortage of supply from which we expect to benefit". 


The results of the optimization metallurgical testing program for the processing
of the ore from the Rose deposit were generated by SGS Canada Inc. in Lakefield,
Ontario. The tests were carried out on a composite sample from surface outcrop
of the Rose mineralized zone. 


The recent results from the optimization program are very positive and will be
used to finalize the flow sheet for the pilot plant program. The pilot plant
program will produce enough material to proceed with a flotation or other
suitable beneficiation methods aimed at increasing the grade of the tantalite
concentrate.


As announced in press release dated September 5th, 2013, the program has also
resulted in the successful optimization of lithium recovery rates and grades.
Batch flotation tests yielded an average recovery of 90.88% at 6.20% Li2O, but
most importantly, the flow sheet is substantially simplified. Moreover, the
reagents used in the optimization program are significantly cheaper. This could
dramatically reduce the mill construction costs (CAPEX) and the operating costs
(OPEX) to produce the Li2O concentrate. These assumptions should be confirmed by
the upcoming feasibility study. 


In addition to recovery and grade testing, the iron content of spodumene grains
and the flotation concentrate as a whole have been determined. Analytical
results indicate that the average spodumene grain contains 0.13% Fe2O3 as solid
solution in its crystal structure. To the best of the Company's knowledge, this
is the lowest spodumene iron substitution seen in Quebec and Ontario lithium
deposits. As a result, the flotation concentrate as a whole may contain less
than 0.3% Fe2O3. Due to the low iron content, the lithium concentrate could also
be appropriate for use in the ceramics industry. The roasted concentrate is
white as opposed to the light reddish colour normally seen in spodumene
concentrates with high iron content. Pictures are available on the Company's
website at: www.cecorp.ca. 


A small batch of flotation concentrate has been collected and roasted and sent
to SGS Canada Inc.'s hydrometallurgical testing department to start the
carbonation optimization program.


The laboratory is planning to produce more spodumene concentrate to be
distributed to various glass and ceramic producers for specification evaluation.



Pictures of the laboratory testing are available on the Company's website at:
www.cecorp.ca.


The objective of the program was to optimize the flow sheet for producing a
spodumene concentrate with a minimum grade of 6% Li2O at a recovery of about 90%
for hydrometallurgical lithium extraction. The next step is the Phase 2 program
aimed at optimizing the purity of the lithium carbonate produced by
bi-carbonation to create a final flow sheet. Another objective was to improve
the recovery of tantalum as a by-product, currently at about 60%. The final flow
sheet will be used to advance the pilot plant for the feasibility study.


The Critical Elements team is also pursuing its discussions regarding potential
long-term sales contracts with a number of potential lithium carbonate and
tantalite end-users. 


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


About Critical Elements Corporation

Critical Elements is actively developing its 100%-owned Rose lithium-tantalum
flagship project located in Quebec. 


A recent financial analysis of the Rose project based on price forecasts of
US$260/kg ($118/lb) for Ta2O5 contained in a tantalite concentrate and
US$6,000/t for lithium carbonate (Li2CO3) showed an estimated after-tax Internal
Rate of Return (IRR) of 25% for the Rose project, with an estimated Net Present
Value (NPV) of CA$279 million at an 8% discount rate. The payback period is
estimated at 4.1 years. The pre-tax IRR is estimated at 33% and the NPV at $488
million at a discount rate of 8%. (Mineral resources that are not mineral
reserves and do not have demonstrated economic viability). (See press release
dated November 21, 2011.)


The operation is scheduled to produce 26,606 tons of high purity (99.9% battery
grade) Li2CO3 and 206,670 pounds of Ta2O5 per year over a 17-year mine life.


The project hosts a current NI 43-101-compliant Indicated resource of 26.5
million tonnes of 1.30% Li2O Eq. or 0.98% Li2O and 163 ppm Ta2O5 and an Inferred
resource of 10.7 million tonnes of 1.14% Li2O Eq. or 0.86% Li2O and 145 ppm
Ta2O5.


The Company is presently at the feasibility study stage on the Rose project. 

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 hosts a
current NI 43-101-compliant Measured and Indicated resource of 506,700 tonnes at
10.66 g/t Au, for 173,700 ounces of gold at a 5 g/t cut-off.


Cautionary Statement Concerning Forward-Looking Statements

This news release contains "forward-looking information" including without
limitation statements relating to realization of resource estimates, reduction
of capital and operating costs, success of mining operations and the ranking of
the project in terms of production. Readers should not place undue reliance on
forward-looking statements.


Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Until a
positive feasibility study has been completed, and even with the completion of a
positive feasibility study, there are no assurances that the Rose project will
be placed into production. Factors that could affect the outcome include, among
others: the actual results of development activities; project delays; inability
to raise the funds necessary to complete development; general business,
economic, competitive, political and social uncertainties; future prices of
metals; availability of alternative lithium or tantalum sources; actual rates of
recovery; conclusions of economic evaluations; changes in project parameters as
plans continue to be refined; accidents, labour disputes and other risks of the
mining industry; political instability, terrorism, insurrection or war; delays
in obtaining governmental approvals, necessary permitting or in the completion
of development or construction activities. For a more detailed discussion of
such risks and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements,
refer to the Company's filings with Canadian securities regulators available on
SEDAR at www.sedar.com.


Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated, estimated or
intended. Forward-looking statements contained herein are made as of the date of
this news release and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future
events or results or otherwise, except as required by applicable securities
laws.


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.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Jean-Sebastien Lavallee, P.Geo.
President and Chief Executive Officer
819-354-5146
president@cecorp.ca
www.cecorp.ca


Investor Relations:
Paradox Public Relations
514-341-0408

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