Critical Elements Corporation INTERSECTS 1.64% LI20 AND 226 PPM TA2O5 OVER 9.20 METRES NEAR SURFACE by 24hgold

LAVAL, QUEBEC--(Marketwire - May 24, 2011) - Critical Elements Corporation (News - Market indicators)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to announce the latest results of drilling on the Rose Tantalum-Lithium deposit. The table below shows the results for holes LR-11-156 to LR-11-171 (except for Hole LR-11-167), drilled to test the eastern extension of the zones. All the holes intercepted the mineralized zones with similar grades to earlier results. Furthermore, some intersections returned particularly high tantalum grades, such as holes LR-11-160, LR-11-164, LR-11-166 and LR-11-169, which yielded 405, 483, 483 and 466 PPM TA₂O₅respectively. Furthermore, the results of six other holes drilled on the JR showing confirm the potential for resource delineation at that showing. With the exception of Hole JR-11-16, for which results are still pending, all these holes returned significant lithium and tantalum values.

A map showing the location of the holes drilled on the Rose Tantalum-Lithium project can be found in the Projects section of Critical Elements' website, at http://www.cecorp.ca/en/projects/rose-tantalum-lithium.html.

THE RECENTLY OBTAINED RESULTS ARE AS FOLLOW:

			LENGTH
HOLE	FROM	TO	ALONG THE	Li20	Ta2O5	BeO	Rb	Ga
			CORE		ppm	ppm	ppm	ppm
No.	(m)	(m)	(m)	(%)	(g/t)	(g/t)	(g/t)	(g/t)
LR-11-156	28.75	31.55	2.8	0.33	348	734	2629	61
	122.75	135.3	12.55	1.14	64	291	2186	67
	188.15	188.95	0.8	0.02	342	484	810	76
LR-11-157	150.45	155.70	5.25	1.22	101	543	1946	74
	166.05	174.75	8.70	0.42	75	241	2955	55
LR-11-158	20.25	24.5	4.25	0.97	286	403	2337	81
LR-11-159	131.35	145.35	14.00	1.29	66	464	2497	71
LR-11-160	32.00	35.20	3.20	0.91	405	434	2608	73
	53.35	56.80	3.45	0.93	387	375	2104	96
	122.50	133.15	10.65	1.22	105	443	2712	72
LR-11-161	83.55	90.95	7.40	1.41	85	365	2470	73
LR-11-162	44.95	55.2	10.25	1.55	161	301	1738	77
	119.65	122.3	2.65	0.01	204	376	2767	62
LR-11-163	14.60	18.25	3.65	0.97	319	303	2120	67
	45.90	55.10	9.20	1.64	226	306	2675	79
	134.85	139.75	4.90	0.93	114	388	2216	77

LR-11-164	16.65	20.15	3.5	1.02	300	238	2517	73
	24.3	25.65	1.35	0.09	293	415	800	65
	51.05	54.7	3.65	1.26	197	372	1345	67
	79.75	81.15	1.4	0.12	466	184	3123	79
	88.25	90.15	1.9	0.02	483	310	3903	59
	150.05	161.9	11.85	0.71	82	392	2704	67
LR-11-165	26.10	28.50	2.40	0.19	246	270	2608	51
	43.00	47.20	4.20	0.15	285	165	2985	57
	143.95	146.55	2.60	0.01	132	286	132	56
	161.70	173.70	12.00	1.77	67	500	1507	73
LR-11-166	31.25	32.65	1.40	0.54	232	241	2930	76
	42.65	48.10	5.45	0.77	167	468	2538	76
	114.35	116.45	2.10	0.03	483	285	2690	80
	179.85	185.20	5.35	0.69	62	406	2379	78
LR-11-168	21.15	29.80	8.65	1.02	254	365	3109	66
	83.30	91.05	7.75	1.25	154	450	3419	72
LR-11-169	15.90	20.25	4.35	0.57	250	359	3516	68
	23.45	25.50	2.05	0.01	466	250	2051	78
	57.00	59.90	2.90	0.77	78	430	2060	70
	66.55	73.75	7.20	1.11	249	366	2755	73
LR-11-170	55.45	58.75	3.30	0.98	164	362	1174	74
	62.50	66.15	3.65	0.43	379	476	1745	70
LR-11-171	64.75	67.05	2.30	0.02	357	364	2416	55
	69.95	74.60	4.65	0.4	223	424	1689	75
	112.55	119.35	6.80	0.89	172	563	2280	72
JR-11-13	31.70	36.90	5.20	0.5	103	106	1454	32
	48.80	52.90	4.10	0.66	88	314	2150	47
	56.20	58.85	2.65	0.57	119	432	1552	49
JR-11-14	31.75	36.95	5.20	1.41	120	358	1850	58
	44.20	47.75	3.55	0.27	78	391	2867	48
	50.90	52.10	1.20	0.7	107	347	1560	70
	74.10	75.65	1.55	0.04	120	261	1270	48
JR-11-15	40.15	42.75	2.60	0.67	149	450	2621	69
	57.55	59.85	2.30	0.15	117	656	3116	60
JR-11-17	55.55	58.05	2.50	0.37	105	254	1662	63
	63.65	66.80	3.15	0.93	145	492	2336	57
JR-11-18	42.80	48.95	6.15	0.83	98	549	2325	69
	61.00	64.90	3.90	0.95	74	347	1894	67

* 1 ppm = 1 g/t

All samples were sent for analysis in sealed containers to the ALS Chemex laboratory in Val-d'Or by employees of the Company. ALS Chemex is the laboratory used for analysis of all samples from programs on the Lac Pivert/Rose property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 µm. All samples are analyzed using ICP-MS, with full analysis for 47 elements.

ABOUT CRITICAL ELEMENTS CORPORATION

Critical Elements is actively developing its 100%-owned Rose lithium-tantalum flagship project located in Quebec. The project hosts a current Indicated resource of 11.4 million tonnes of 1.34% Li₂O and 165 ppm Ta₂O₅and Inferred resource of 2.1 million tonnes of 1.27% Li₂O and 138 ppm Ta₂O₅.

Critical Elements has commissioned a prefeasibility study for the project from Genivar, one of the largest independent engineering firms in Canada. Genivar is also doing an environmental study, and Acme Metallurgical Ltd. of Vancouver is carrying out project metallurgy.

Critical Elements' portfolio also includes rare-earth and tantalum-niobium projects in the Rocky Mountains of British Columbia and in Quebec, as well as a 50% interest in the Croinor project, which is located in Quebec and contains a measured and indicated resource of 814,228 tonnes at 9.11 g/t Au, for 238,414 ounces of gold at a 5 g/t cut-off.

Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and President and Chief Executive Officer of the Corporation and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Critical Elements Corporation
Jean-Sebastien Lavallee, P.Geo.
President and Chief Executive Officer
819-354-5146
president@cecorp.ca
or
Paradox Public Relations
514-341-0408

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