Mr. Sylvain Champagne reports

COMET LITHIUM ANNOUNCES EXTENSION OF TERM OF WARRANTS

Comet Lithium Corp. has applied to the TSX Venture Exchange for a one-year extension of the term of 11,406,670 common share purchase warrants that were issued by Comet Lithium as part of a private placement that closed on Aug. 27, 2021, which warrants had an initial expiry date of Aug. 27, 2023. As a result of the consolidation of the common shares of the company on the basis of one postconsolidation common share for every seven preconsolidation shares issued and outstanding as of the close of business on Feb. 2, 2023, seven warrants must be exercised to purchase one additional common share of Comet Lithium at an exercise price of 77 cents (on a postconsolidation basis).

Subject to the approval of the TSX Venture Exchange, the term of the warrants will be extended to Aug. 27, 2024, for a total term of three years. An aggregate of 310,000 of the warrants were exercised. None of the warrants are held by any director or officer of the company.

The extension of the term of the warrants is subject to regulatory approval, including that of the TSX Venture Exchange.

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.

We seek Safe Harbor.