Mr. Sylvain Champagne reports

COMET LITHIUM COMMENCES EXPLORATION AT LIBERTY

Comet Lithium Corp. has started exploration work at its 100-per-cent-owned Liberty property, LG4 sector, Eeyou-Istchee Baie James region in Northern Quebec. The Liberty property is adjacent to Winsome Resources' Adina project, where systematic drilling proved 1.9 kilometres of continuous spodumene-bearing pegmatite (see Winsome Resources' investor presentation, July, 2023, on the company's website). Comet Lithium's Liberty property is on strike with the exploration corridor.

Comet Lithium's exploration team has now been deployed to the field to initiate the first reconnaissance and sampling program. The objective of this first phase of the exploration campaign will be concentrated on the prospecting and sampling of frost heave rocks, glacial boulders and rock surfaces to see if there is an extension of the Adina lithium (Li) pegmatite trend. In this environment, lithium-bearing pegmatite are mainly hosted in amphibolite rocks of the Trieste formation. The Liberty property broadly covers the Trieste formation, about 2.7 kilometres along strike and 1.5 kilometres in the north-south axis.

Different structural trends and geophysical contrasts were highlighted during the evaluation and preparation of this program, and these signals will be used to guide the prospecting crew on the field. The exploration program will take approximately 30 days, depending on the accessibility of the sampling material.

Sylvain Champagne, Comet Lithium's interim chief executive officer and president, stated: "We are very pleased to secure a helicopter so quickly following the forest fires situation of June and July. This sampling program will firstly assess the presence of pegmatites intrusions swarms inside the targeted environment and secondly to identify those more likely to host spodumene."

Comet Lithium is also pleased to announce that it has contracted XEOS Imagerie Inc. to perform a Lidar (light detection and ranging) survey on the Liberty property. This Lidar survey will generate a high-precision database and image of the topography, allowing to read discreet structural features through a thin layer of overburden associated with pegmatite intrusions.

Qualified person

Martin Demers, PGeo (ogq No. 770, APEGNB L5980, PGO No. 3785), registered in the provinces of Quebec, New Brunswick and Ontario, a consultant to Comet Lithium, is a qualified person under National Instrument 43-101, Standards of Disclosure for Mineral Projects. He has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Comet Lithium Corp.

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

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