Mr. Sylvain Champagne reports

COMET LITHIUM CORPORATION ANNOUNCES RESIGNATION OF MICHAEL FERREIRA

Comet Lithium Corp.'s Michael Ferreira has resigned, effective July 28, 2023. Mr. Ferreira had been serving as the president and chief executive officer of the corporation since Oct. 20, 2016, until he agreed to temporarily step down from his role on June 12, 2023.

Since Mr. Ferreira's step down, the board of directors has worked closely with Sylvain Champagne, the interim president and chief executive officer, to actively manage and continue the corporation's activities in the normal course.

The board of directors has commenced a comprehensive search to identify a permanent CEO or a replacement interim CEO to manage and develop the corporation, including guiding it through its future exploration efforts.

About Comet Lithium Corp.

Comet Lithium is a dynamic lithium-focused exploration company active in the prolific James Bay lithium district of Quebec. Comet Lithium's flagship asset is its 100-per-cent-owned Liberty property contiguous to Winsome Resources' Adina deposit. Comet Lithium is advancing Liberty to first-ever drilling in 2023.