Critical Elements Corporation Signs an Agreement for the Sale of the Croinor Property in Exchange 520 km2 of Ground Near the ...

Critical Elements Corporation (TSX VENTURE:CRE)(OTCQX:CRECF) (FRANKFURT:F12) is
pleased to announce that it has signed an offer from Monarques Resources Inc.
("Monarques") in relation to the sale of a 50% undivided interest in the Croinor
property near Val-d'Or. Monarques is offering to purchase the Croinor property
from Critical Elements Corporation in exchange for the Amiral, Arques, Bourier,
Caumont, Dumulon, Duval, Lemare, Nisk, Rosebay and Valiquette properties in
James Bay and 500,000 common shares of Monarques Resources Inc. at a deemed
price of $0.15 per common share. The common shares will be subject to voluntary
hold periods as follows:




--  250,000 common shares for a six-month period following closing; and 
--  250,000 common shares for a 12-month period following closing.



This offer is subject to regulatory approval of the transaction and rendering of
a final judgment under the Act allowing Monarques Resources Inc. to acquire
control of X-Ore Resources Inc.


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) showed an estimated after-tax Internal
Rate of Return (IRR) of 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 and do not have demonstrated economic viability). (See press release
dated November 21, 2011.)


The operation is scheduled to produce 26,606 tons of high purity (99.9% battery
grade) Li2CO3 and 206,670 pounds of Ta2O5 per year over a 17-year mine life.


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.


Cautionary Statement Concerning Forward-Looking Statements

This news release contains "forward-looking information" including without
limitation statements relating to realization of resource estimates, reduction
of capital and operating costs, success of mining operations and the ranking of
the project in terms of production. Readers should not place undue reliance on
forward-looking statements. 


Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Until a
positive feasibility study has been completed, and even with the completion of a
positive feasibility study, there are no assurances that the Rose project will
be placed into production. Factors that could affect the outcome include, among
others: the actual results of development activities; project delays; inability
to raise the funds necessary to complete development; general business,
economic, competitive, political and social uncertainties; future prices of
metals; availability of alternative lithium or tantalum sources; actual rates of
recovery; conclusions of economic evaluations; changes in project parameters as
plans continue to be refined; accidents, labour disputes and other risks of the
mining industry; political instability, terrorism, insurrection or war; delays
in obtaining governmental approvals, necessary permitting or in the completion
of development or construction activities. For a more detailed discussion of
such risks and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements,
refer to the Company's filings with Canadian securities regulators available on
SEDAR at www.sedar.com. 


Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated, estimated or
intended. Forward-looking statements contained herein are made as of the date of
this news release and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future
events or results or otherwise, except as required by applicable securities
laws.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jean-Sebastien Lavallee, P.Geo
President and Chief Executive Officer
819-354-5146
[e-mail]
www.cecorp.ca


Investor Relations:
Paradox Public Relations
514-341-0408