Mr. Jean-Sebastien Lavallee reports

CRITICAL ELEMENTS MOURNS THE LOSS OF DIRECTOR MARC SIMPSON

Critical Elements Lithium Corp.'s friend and colleague, director Marc Simpson, has died after a brief illness. Mr. Simpson had been a director of Critical Elements since March, 2013, always a calm and reliable voice in the company's boardroom. He graduated with a BSc in geology from the University of Manitoba in 1991 and commenced a career as a highly respected geologist and exploration company executive spanning 35 years. He was a member of both Engineers and Geoscientists British Columbia and Engineers and Geoscientists Manitoba.

On behalf of the board of directors, management and all employees, the company extends its most sincere condolences to Mr. Simpson's family and colleagues during this period. The company also offers them its full support.

"We will remember a deeply respected colleague whose presence, wisdom and human generosity touched all those who had the privilege of working with him. His passing leaves a profound void within our corporation and brings great sorrow to us all," stated Jean-Sebastien Lavallee, chief executive officer.

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-tantalum project in Quebec, the corporation's first lithium project to be advanced within a land portfolio of over 1,016 square kilometres. On Aug. 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 per cent, with an estimated after-tax net present value of $2.2-billion (U.S.) at an 8-per-cent discount rate. In the corporation's view, Quebec is strategically well positioned for United States and European Union markets, and boasts good infrastructure including a low-cost, low-carbon power grid featuring 94-per-cent hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the joint assessment committee, comprising 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 Quebec Minister of the Environment, the Fight against Climate Change, Wildlife and Parks, and the project mining lease from the Quebec Minister of Natural Resources and Forests under the Quebec Mining Act.