Mr. Patrick Laperriere reports

CRITICAL ELEMENTS LITHIUM OBTAIN ITS MINING LEASE FOR THE ROSE LITHIUM-TANTALUM PROJECT

Critical Elements Lithium Corp. has entered into a mining lease with the Quebec Minister of Natural Resources and Forests for the Rose lithium-tantalum project. The mining lease is granted under the Quebec Mining Act and gives the holder the right to mine mineral substances for the Rose lithium-tantalum project. The mining lease is granted for a period of 20 years.

Jean-Sebastien Lavallee, corporation's chief executive officer, commented: "Today's news represents one of the final steps towards the development of the Rose lithium-tantalum project. As of today, we can say that the regulatory process is for the most part behind us."

The mining lease represented one of the very last steps in bringing the Rose lithium-tantalum project to reality. Critical Elements' Rose lithium-tantalum project is one of the most advanced hard-rock lithium projects in North America, having achieved key milestones:

• The Pikhuutaau agreement, an impact and benefits agreement for the development and operation of the Rose lithium-tantalum project, signed with the Cree Nation of Eastmain, the Grand Council of the Crees (Eeyou Istchee) and the Cree Nation government in July, 2019;
• A favourable decision statement from the federal Minister of the Environment and Climate Change, issued in August, 2021, following the thorough environmental assessment conducted by the joint assessment committee, comprising representatives from the Impact Assessment Agency of Canada and the Cree Nation government;
• The approval by the Quebec Minister of Natural Resources and Forests of the rehabilitation and restoration plan concerning the Rose lithium-tantalum project, in May, 2022;
• The receipt of the certificate of authorization under Section 164 of Quebec's Environment Quality Act, in November, 2022, following the environmental and social impact assessment and review procedure under the responsibility of the environmental and social impact review committee (COMEX).

About Critical Elements Lithium Corp.

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 project in Quebec, the corporation's first lithium project to be advanced within a land portfolio of over 1,050 square kilometres.

We seek Safe Harbor.