Critical Elements Corporation Closes the Sale of the Croinor Property in Exchange for 520 km2 of Land Holdings Near the Rose Project in James Bay, Quebec - Seite 3

Channel	Grade % Li2O	Length (metres)
LEM(Li)-12-R1	1.61%	9.5 m
Including	2.00%	6.0 m
LEM(Li)-12-R2	1.96%	12.0 m
Including	2.68%	6.0 m
LEM(Li)-12-R3	1.74%	10.5 m
LEM(Li)-12-R4	2.12%	4.8 m
LEM(Li)-12-R5	1.18%	14.2 m
Including	1.58%	10.1 m
LEM(Li)-12-R6	0.42%	10.5 m
Including	1.12%	3.0 m

At the time, Monarques sent all its samples to ALS Chemex laboratory in Val-d'Or for preparation and analysis. The laboratory is certified ISO/CEI 17025: 2005 by the Canadian Standards Association. For more information, see Monarques' press release dated December 11, 2012.

A 43-101 technical report was prepared in November 2012 by InnovExplo Inc. and can be found under Monarques' profile on SEDAR (www.sedar.com).

Valiquette Property

The Valiquette Property is composed of one block totaling 116 claims covering an area of 6,204 ha. It is measuring about 13 kilometers in a SW-NE direction and is contiguous South West to the Duval main block. The property can be accessed by a Hydro-Quebec gravel road up to the Lac des Montagnes, and then by boat. An old winter road along the SE shore of Lac des Montagnes can be used for works.

The property is located in the middle part of the Lac des Montagnes volcano-sedimentary formation. In the vicinity of the Duval block the formation width is about 8 km and its orientation NE. It is locally composed of amphibolite quartz-rich paragneiss, biotite and sillimanite-bearing schist, pegmatite, basalt and ultramafic intrusives. Geophysical surveys show the signature and extent of ultramafic intrusions and iron formations, with some of them confirmed by historical drilling.