Critical Elements Lithium completes drill program at Rose West Discovery

Critical Elements Lithium announced completion of a 31-hole, 3,670-meter drill program on its 100% owned Rose West Discovery with multiple spodumene-rich pegmatites intersected. The Rose West Discovery is situated within the Rose and Rose South property blocks, which constitute 395 km2, or only 38% of the total 1,050 km2 in the Corporation’s highly prospective exploration portfolio in Quebec. The 2024 winter drill campaign successfully completed 3,670 meters of drilling in 31 holes on the spodumene-bearing pegmatite showings discovered during the 2023 summer prospection campaign, herein referred to as Rose West. Drilling results demonstrated the continuity of a mineralized pegmatite body thus far over 450m strike, 370m down dip and to a vertical depth of 140m. In the west, the body is comprised of multiple near surface mineralized pegmatites that range up to an apparent thickness of 12.4m individually. These bodies appear to coalesce into a more substantial spodumene-bearing pegmatite in the east with an apparent width of up to 40.4m. The near surface pegmatites appear to strike northwesterly with a gentle dip of 15 degrees , while the thicker pegmatite appears to strike easterly with a near-horizontal dip of 13 degrees . The body is still open in all directions, while the greatest exploration potential appears to be to the east. Initial assay results from the drill program have been received for the first two holes, RD-24-01 and RD-24-02. Both drill holes returned high grade results with 1.61% Li2O and 135ppm Ta2O5 over 6.9m, including 2.17% Li2O over 4.3m in hole RD-24-01, and 1.00% Li2O and 285 ppm Ta2O5 over 8.65m, including 1.34% Li2O and 376 ppm Ta2O5 over 4.4m in hole RD-24-02. In addition to these early intersections of lithium-rich pegmatites, the program also discovered a different style of mineralization associated with an aplite dyke with high grade tantalum values, including 571 ppm Ta2O5 over 1.1m.