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Critical Elements Discovers Extension of JR Zone at 500 Meters West With High Grade Tantalite and Lithium Content
Published : February 12, 2013
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MONTREAL, QUEBEC--(Marketwire - Feb. 12, 2013) - Critical Elements Corporation (News - Market indicators)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to announce the discovery of a new zone that seems to be the extension of JR showing. The new outcrop has been found 500 meters west of the original JR zone. This extension is substantial and the channel samples taken from the new discovery had report high grade results with the following results in table below.

               
    Location     Length Li20 Ta2O5
Year  Channel Name Easting Northing   Azimuth  (m) (%) ppm (g/t)
2012 JR ext1 421287 5764652   270 5.00 0.9447 226
2012 JR ext2 421274 5764650   270 10.00 1.0763 215
                 

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 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.

A map showing the location of the new discovery on the Rose project can be found in the Projects section of the Company's website, at www.cecorp.ca.

Also, in the past few months, the Critical Elements team pursued his discussions with a number of potential lithium carbonate and tantalite end-users. The Company is currently negotiating the terms of long-term sales and risk distribution between potential buyers.

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

About Critical Elements Corporation

Critical Elements is actively developing its 100%-owned Rose lithium-tantalum flagship project located in Quebec.

A recent financial analysis of the Rose Project based on price forecasts of US$260/kg ($118/lb) for Ta2O5 contained in a tantalite concentrate and US$6,000/t for lithium carbonate (Li2CO3) show an after-tax Internal Rate of Return (IRR) of an estimated 25% for the Rose Project, with an estimated Net Present Value (NPV) of CA$279 million at an 8% discount rate. The payback period is estimated at 4.1 years. The pre-tax IRR is estimated at 33% and the NPV at $488 million at a discount rate of 8%. (Mineral resources that are not mineral reserves do not have demonstrated economic viability). See press release dated November 21, 2011).

The project hosts a current NI 43-101-compliant Indicated resource of 26.5 million tonnes of 1.30% Li2O Eq. or 0.98% Li2O and 163 ppm Ta2O5 and an Inferred resource of 10.7 million tonnes of 1.14% Li2O Eq. or 0.86% Li2O and 145 ppm Ta2O5.

The Company is presently at the feasibility study stage on the Rose project. Genivar is carrying out an environmental study and a feasibility study for the surface installations, Ambuck Associates is leading the feasibility study and doing mine design for the study, AMEC is leading the tailings facility study, Bumigeme is handling the concentration and carbonatization plant study, and Acme Metallurgical Ltd. of Vancouver is responsible for the metallurgical component of the project.

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 hosts a current NI 43-101-compliant measured and indicated resource of 506,700 tonnes at 10.66 g/t Au, for 173,700 ounces of gold at a 5 g/t cut-off.

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

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

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Annual reports of Critical Elements Corporation
Annual Report 2007
Financings of Critical Elements Corporation
2/21/2013Arranges Non-Brokered Private Placement
4/1/2011ANNOUNCES FINAL CLOSING OF ITS FINANCING
3/4/2011Reports a Partial Closing of its Financing
12/31/2010Closes a $2,900,000 Private Placement With the MineralFields...
6/12/2008arranging non-brokered private placements for up of $1,750,0...
Nominations of Critical Elements Corporation
12/13/2010Appointment of Ms. Jenna Hardy as director of the Company.
12/1/2010Appointment of Michel Robert and Jean Rainville as directors...
2/15/2008announce the appointment of Mr. Patrick Bradley
Project news of Critical Elements Corporation
6/9/2011INTERSECTS 1.29% LI20 AND 275 PPM TA2O5 OVER 5.90 METRES NEA...
6/1/2011(Croinor)and Blue Note Extend Completion of Croinor Acquisition
5/26/2011(Rose (lac Pivert))INTERSECTS 1.64% LI20 AND 226 PPM TA2O5 OVER 9.20 METRES NEA...
4/28/2011(Rose (lac Pivert))INTERSECTS UP TO 1.60% LI2O, 427 PPM TA2O5, 749 PPM BEO, 5,1...
3/20/2011(Rose (lac Pivert))Discovers a New Zone in Drilling on the Rose Deposit
2/22/2011(J6l1)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/22/2011(Gatineau)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/22/2011(Lac Savigny Ne)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/22/2011(Melasse)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/22/2011(Sophie Quebec)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/22/2011(Weres)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/22/2011(Reine)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/22/2011(Seigneurie)Acquires Eight Rare Earth and Tantalum-Niobium Projects
2/9/2011(Rose (lac Pivert))Drilling Leads to New Tantalum Discovery on Pivert/Rose
2/2/2011(Rose (lac Pivert))Pre-Feasibility Study Underway for the Rose Deposit
1/18/2011(Rose (lac Pivert))Reports 0.44% Li2O, 196 ppm Ta2O5, 505 ppm BeO, 3,565 ppm Rb...
1/11/2011(Rose (lac Pivert))Continue to Expend Rose Deposit
12/24/2010(Croinor)and Blue Note Extend Completion of Croinor Acquisition
11/29/2010(Rose (lac Pivert))Acquires a 100% Interest in the Pivert/Rose Property
11/9/2010(Rose (lac Pivert))Intersects by Drilling Mineralized Zone on New Showings and ...
10/22/2010(Rose (lac Pivert))Intersects 2.15% Li2O, 1,594 g/t Rubidium, 150 ppm Ta2O5, 14...
10/21/2010(Rose (lac Pivert))Acquires a 100% Interest in the Pivert/Rose Property
10/15/2010(Rose (lac Pivert))Files Its Positive 43-101NI Report on Pivert/Rose Property
6/3/2010(Rose (lac Pivert))Intersects 1.24% Li2O, 3,532 g/t Rubidium, 208 ppm Ta2O5, 16...
3/27/2008(Croinor)Start a Follow-Up Diamond Drill Program at Croinor
1/24/2008(Croinor)RESOURCE ESTIMATE ON CROINOR
Corporate news of Critical Elements Corporation
9/23/2013Reports Robust Tantalum Recoveries in Optimization Batch Tes...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
9/5/2013Reports Positive Optimization Metallurgical Test Results Wit...
8/6/2013Retains SGS Mineral Services in Lakefield to Complete Optimi...
4/11/2013Hires Paradox for IR
3/19/2013Announces Closing of Second Tranche of $604,000
2/27/2013Announces Closing of First Tranche of $976,600
2/12/2013Discovers Extension of JR Zone at 500 Meters West With High ...
11/12/2012Announces Pre-Development Agreement With the Grand Council o...
9/11/2012is Proud to Name Ron MacDonald as Executive Chairman and to ...
7/12/2011Initiates the Environmental Impact Assessment for the Rose T...
5/18/2011Environmental Study
3/9/2011New OTCQX Stock Symbol
2/17/2011First Gold Changes its Name to Critical Elements
12/29/2010First Gold Exploration update on exploration projects
4/4/2008Breaking news
3/24/2008Announce that is has started the application process for a F...
3/17/2008Increased by 50,000 the number of common shares
2/8/2008Increased by 479,550 the number of common shares
1/31/2008Announce that Mr. Eric Leboeuf has been appointed President ...
12/20/2007Breaking news
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