Critical Resources Limited announced assay results confirming high-grade lithium mineralisation along a significant strike length at the Company's 100%-owned Mavis Lake Lithium Project in Ontario, Canada. Drilling extends mineralisation along strike and at depth: The latest assay results have been delivered from drilling completed over the period October to November 2022. At the time the Company was focused on extending the known mineralisation area of the Main Zone, the results reinforce earlier announcements of high-grade mineralisation throughout the Main Zone.

Comprehensive drilling program to underpin the Mineral Resource Estimate: Throughout 2022, the Company implemented a systematic and robust approach to drilling the Mavis Lake project. Over 19,500m of core drilling was completed during the course of the year. Assay results are pending from the December drilling program (as well as drilling completed so far in 2023).

Future Work: The Company continues drilling at Mavis Lake, metallurgical test work is ongoing and the Company has also commenced baseline technical and environmental studies and assessments to support the preparation of a Scoping Study for the Mavis Lake Project. The Company is awaiting assays from samples collected from over 39 individual drill holes and will update the market as details are made available.