Mr. Ian Berzins reports

CCMI ANNOUNCES FIRST TRANCHE CLOSING OF LIFE OFFERING

Canadian Critical Minerals Corp. has closed the first tranche of its previously announced private placement for gross proceeds of $588,850 through the issuance of 16,824,286 units of the company at a price of 3.5 cents per unit.

Each unit comprises one common share of the company and one common share purchase warrant of the company, with each warrant exercisable into one common share at a price of five cents for a period of five years.

The company expects to complete a second tranche of the offering next week. The offering remains subject to the final approval of the TSX Venture Exchange.

In accordance with National Instrument 45-106, Prospectus Exemptions, the units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The common shares and warrants issued to purchasers resident in Canada are immediately freely tradeable in accordance with applicable Canadian securities laws.

There is an offering document related to the offering and the use by the company of the listed issuer financing exemption that can be accessed under the company's profile on SEDAR+ and on the company's website.

In connection with the offering, the company paid finders' fees of $2,401 and 68,600 finders' warrants, with each finder's warrant entitling the holder thereof to purchase one common share at a price of five cents for a period of two years. The finders' warrants and the underlying common shares are subject to a four-month-and-one-day hold period from the closing date of the offering in accordance with applicable Canadian securities laws.

The company intends to use the proceeds of the offering to complete its application to restart the Bull River mine project near Cranbrook, B.C., and for working capital.

About Canadian Critical Minerals Corp.

Canadian Critical Minerals is a mining company primarily focused on copper production assets in Canada. The company's main asset is the 100-per-cent-owned Bull River mine project (150 million pounds of copper) near Cranbrook, B.C., which has a mineral resource containing copper, gold and silver. Canadian Critical Minerals also owns a 5.3-per-cent interest in XXIX Metal Corp., which holds a 100-per-cent interest in the Thierry copper project near Pickle Lake, Ont., and a 100-per-cent interest in the Opemiska copper project near Chapais-Chibougamau, Que.

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