Canadian Critical Minerals Inc. (RIINF)

[ThSeeker]

Braveheart Resources Commences PEA on Thierry Mine Project

Calgary, Alberta--(Newsfile Corp. - December 24, 2020) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") is pleased to report the commencement of a National Instrument 43-101 ("NI 43-101") Preliminary Economic Assessment ("PEA") on the recently acquired Thierry Mine Project located near Pickle Lake in northwest Ontario, Canada.

The Company has engaged Eugene Puritch, P.Eng., FEC, CET to direct and manage a team of independent consultants with P&E Mining Consultants Inc. to complete the PEA. The most recent independent NI 43-101 Technical Report and Resource Estimate was completed by P&E Mining Consultants Inc. in February 2012 (the "2012 Thierry Technical Report") and is available on Cadillac Ventures Inc.'s. SEDAR profile at www.sedar.com. The reader is cautioned that a Qualified Person has not done sufficient work to classify the Mineral Resources stated in the 2012 Thierry Technical Report as current Mineral Resources. Braveheart is not treating this historical Mineral Resource Estimate as current Mineral Resources. While this Mineral Resource Estimate was prepared in accordance with NI 43-101 and CIM 2005 in effect at the time, there is no guarantee that it would be consistent with current standards and it should not be regarded as such. Braveheart has not undertaken any independent verification of the data upon which the historical Mineral Resource Estimate is based. The historical Mineral Resource Estimate is considered relevant to assess the mineralization potential of the Property.

The PEA will focus on mining of the Mineral Resources at the Thierry underground mine only and will include a review and update on capital, operating and G&A costs for the underground mine and surface processing facilities. It will also include an update on cash flow models and financial analysis as well as an up-date on the NI 43-101 Technical Report. The report is expected to be complete in the first quarter of 2021.