Mr. Ian Berzins reports

CANADIAN CRITICAL MINERALS INC. COMPLETES SALE OF CONTROLLING INTEREST IN THIERRY COPPER MINE

Canadian Critical Minerals Inc. has completed the sale of a controlling interest in its private subsidiary company Cuprum Corp. (formerly Pickle Lake Minerals Inc.) which holds a 100-per-cent interest in the Thierry copper mine, located in Pickle Lake, Ont., to Orecap Invest Corp. Canadian Critical retains a 39-per-cent interest in Cuprum.

Terms of the acquisition

Orecap has acquired a 45-per-cent interest in Cuprum for $1.35-million in an upfront all-cash deal. Canadian Critical will receive three million share purchase warrants of Cuprum with the following terms: one million warrants with an exercise price of 10 cents per common share of Cuprum and exercisable for a period of one year from closing of the transaction; one million warrants with an exercise price of 15 cents per common share of Cuprum and exercisable for a period of two years from closing date; and one million warrants with an exercise price of 20 cents per common share of Cuprum and exercisable for a period of three years from closing date. Additionally, Canadian Critical is entitled to receive milestone payments from Cuprum of $500,000 should the current near-surface National Instrument 43-101 resource at Thierry be increased to 100 million tonnes and/or one billion pound of copper and an additional $250,000 should the current near-surface NI-43-101 resource at Thierry be increased to 150 million tonnes and/or 1.5 billion lb of copper.

QC Copper has acquired a 10-per-cent interest in Cuprum for $300,000 in an upfront all-cash deal.

Ocean Partners U.K. has acquired a 6-per-cent interest in Cuprum. Cash proceeds from Orecap have been used to discharge a $1-million (U.S.) loan with Ocean that was secured against the assets of Canadian Critical's Bull River mine in British Columbia.

Rationale for the sale of a controlling interest in Thierry:

1. Proceeds from the sale of a 61-per-cent interest in Cuprum provided the company with sufficient cash to discharge the secured loan at Bull River and eliminate future interest payments to Ocean.
2. The sale is non-dilutive to Canadian Critical shareholders and will allow the company to focus on advancing its flagship Bull River mine project through the permitting phase and on to production.
3. Canadian Critical retains a significant interest in Cuprum and will not be required to continue to finance the property.
4. The Thierry copper mine is one of the largest known copper deposits in Ontario. There is significant opportunity to increase the size of the current NI 43-101 near-surface deposit. With the new investment from Orecap and QC Copper the exploration activities at Cuprum can be increased beyond Canadian Critical's current capability.

About Canadian Critical Minerals Inc.

Canadian Critical is a mining company primarily focused on two near-term, past-producing copper assets in Canada. Canadian Critical's main asset is the 100-per-cent-owned Bull River mine project (greater than 135 million lb of copper) near Cranbrook, B.C., which has a mineral resource containing copper, gold and silver. Canadian Critical also has a 39-per-cent interest in the Thierry mine project (greater than 1.3 billion lb of copper) near Pickle Lake, Ont., which has a mineral resource containing copper, nickel, silver, palladium, platinum and gold.

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