Critical Elements Lithium Corporation announced that, since the restart of exploration work on the Rose Lithium-Tantalum Project (Rose or Project), located in the Eeyou Istchee-James Bay region of Quebec, field crews have successfully discovered several new spodumene-bearing pegmatite outcrops. As outlined in the news release dated September 5, 2023, Critical Elements has recommenced ground exploration focused on defining drill targets for a significant fall and winter drill program. Multiple rigs will be deployed to drill-test new targets.

The Rose project is situated within the Rose and Rose South claim blocks, which constitute 395 km2, or only 38 % of the 1,050 km2 in the Corporation's highly prospective exploration portfolio in Québec. It is important to note that the Rose project mineral resource estimate is based largely on drilling that concluded in 2016 as management focused on delivering technical studies and advancing permitting at that time. Several new discovery areas have been identified in the Rose pegmatite swarm.

To date, four spodumene-bearing pegmatite outcrops have been identified in the New Discovery Area. At this early stage, the strike length, width and orientations of these dykes is unknown but the apparent strike length along the outcrops exceeds 330 metres. The exploration team is planning to follow up with more work on the area over the next few days.

The reader is cautioned that pictures and grab samples are selective by nature and may not represent average grades of the mineralization in the pegmatites. The surface exploration program with five crews continues to ground-truth several LCT-pegmatite targets. Results will be released in context as the program progresses.

Management is currently engaged in designing a significant fall and winter drill program with multiple rigs to drill-test new targets including the Duval discovery, advance the Lemare deposit, and expand the Rose project resource inventory including potential proximal satellite mineralization. Details of this extensive program will be forthcoming near-term.