Mr. Andre Gagne reports

KOMET RESOURCES INC.: APPOINTMENT OF MR. PIERRE COLAS AS DIRECTOR

Komet Resources Inc. has appointed retired Quebec-based investment banker Pierre Colas to the corporation's board, subject to regulatory approval. Mr. Colas was most recently vice-president and managing director of investment banking at Industrielle Alliance Securities Inc. (IAS). Prior to his appointment at IAS, he was first vice-president of investment banking at Desjardins Securities Inc. He has successfully transacted over $5-billion in equity financing, and participated in the initial public offering of more than 100 new companies. He is also a member of the board for Beaufield Ressources Inc. Mr. Colas holds a bachelor's degree in commerce from the University of Concordia, Montreal, and was a member of the TSX Venture Exchange advisory committees until recently.

Hiring of Sylvain Boily

Mr. Boily was hired by the company's wholly owned subsidiary, Komet Resources Africa SA, on Jan. 5, 2015. He will act as surface mechanical superintendant at the Guiro mine. He has vast experience in diesel and plant mechanics, as well as in welding (Canadian Welding Bureau class and high pressure) and construction. Over the course of his more-than-30-year career, he worked in the mining sector for over 12 years, including six years in Burkina Faso. He then completes the team with Mario Othot and Pierre Tremblay who are already on site.

Appointment of Claude Pelletier as procurement manager

Employed by the company since Aug. 1, 2014, Mr. Pelletier was lately appointed procurement manager in order to implement this department and the associated procedures. He will be based in Ouagadougou at least for the next six months. He acquired more than 30 years of experience in management, including four years in a Quebec leading engineering firm and three years in a Canadian mining company operating in Mali, a neighbouring country of Burkina Faso. He holds a bachelor's degree in business administration from Laval University in Quebec City.

Update on the Guiro project, Burkina Faso

President and chief executive officer Andre Gagne is currently in Burkina Faso in order to complete the licence transfer in Guiro. "I am really proud of the team in place and the progress of the works," he said. After his stay in Africa, he will continue his tour through Luxembourg and France to meet shareholders and prospective investors.

Options

The Komet board of directors approved the grant of options to buy 850,000 common shares of the company.

We seek Safe Harbor.