  We report on optical identifications of X-ray sources in the vicinity of the
R~CrA association. We identify 11 low-mass pre-main-sequence stars as
counterparts of 9 X-ray sources. We also find X-ray emission from coordinates
consistent with the position of 3 bright late-B stars, although the emission
may come from lower mass companions. The X-ray-selected stars lie along a
narrow locus in the luminosity-temperature diagram at an age of about 7~Myr,
which is considerably older than the estimated ages of the higher mass stars or
of the IR-excess stars. We determine the physical characteristics of these
stars, including masses, ages, and Lithium abundances. We estimate that the
complete membership of the R~CrA association amounts to about 90 stars, mostly
older naked T~Tauri stars, and that the population is consistent with the
standard IMF.
