Critical Elements Lithium Corporation — AGM Information 2020

Aug 19, 2020

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NOTICE OF THE ANNUAL MEETING OF SHAREHOLDERS

The Annual Meeting of Shareholders of Critical Elements Lithium Corporation (the “ Corporation will be held online only through a live audio webcast at https://www.issuerdirect.com/virtualevent/cre on September 10, 2020 at 10h00 (Eastern Time) , for the following purposes:

1. to present to shareholders the financial statements of the Corporation for the financial year ended August 31, 2019, as well as the auditors' report thereon;

2. to elect the directors of the Corporation;

3. to appoint the auditors of the Corporation and to authorize the Board of Directors to fix the auditors’ remuneration;

4. to transact such other business that may properly come before the meeting.

Additional information on the above matter can be found in the Circular as “Matters for consideration at the meeting”, “Appointment of Auditors and Authorization given to the Board to fix the Remuneration of Auditors”.

The Corporation will hold the Meeting in an entirely virtual format, via live audio webcast at the following address https://www.issuerdirect.com/virtual-event/cre.

Shareholders will not be able to attend the Meeting in person . All persons registered as shareholders in the records of the Corporation on August 6, 2020 (the “Record Date”) are entitled to receive notice of the Meeting and to attend, participate and vote at the Meeting online.

Anyone who is a shareholder of the Corporation but who is not registered on the records of the Corporation (i.e., shareholders who hold their common shares through a broker, investment dealer, bank, trust company or custodian, of a nominee or other intermediary) and who has not appointed him or herself as proxyholders will be able to attend the Meeting as a “guest” but will not be able to vote or ask questions at the Meeting or any adjournment thereof.

Anyone who becomes a shareholder of the Corporation after the Record Date will not be entitled to vote or act at the Meeting or any adjournment thereof

A shareholder who wishes to appoint someone other than those identified on the form of proxy or voting instruction form to represent him or her at the Meeting or any adjournment thereof may do so by inserting such other person’s name in the blank space provided for that purpose on the form of proxy or voting instruction form and delivering such form as directed. The shareholder must have completed and delivered his or her proxy form or voting instruction form, as the case may be, before proceeding to the next step, which is the registration of his or her proxyholder. A shareholder who wishes to appoint a person other than those identified on the form of proxy or voting instruction, including a non-registered shareholder who wishes to appoint himself or herself as proxyholder to attend, participate in or vote at the Meeting, must register such proxyholder. Failure to register the proxyholder will result in the proxyholder not receiving a control number that is required to vote at the Meeting. To register a proxyholder, shareholders must visit https://www.computershare.com/CriticalElements and provide Computershare with the required proxyholder contact information, so that Computershare may provide the proxyholder with a control number via email.

All forms of proxy must be returned to the Corporate Secretary of the Corporation, c/o Computershare Trust Company of Canada, 1500 boul. Robert-Bourassa, 7th Floor, Montréal, Québec, Canada H3A 3S8, before 5:00 p.m. (Eastern standard time) on September 6, 2020.

Montreal, August 6, 2020

By order of the Board of Directors

(s) Jean-Sébastien Lavallée

Jean-Sébastien Lavallée, Chief Executive Officer