Mr. Mansoor Jan reports

COMET LITHIUM SUBMITS PERMIT TO DRILL AT LIBERTY

Comet Lithium Corp. has initiated the planning and permitting process of its first drill program on its 100-per-cent-owned Liberty property located in James Bay, Quebec, adjacent to Winsome Resources' Adina project.

On August 28, 2023, the Company announced the identification of numerous pegmatite outcrops and glacial boulders on the Liberty property. Following phase one of the ground exploration program, the extension of the Adina trend was also covered with a soil survey (C-horizon). A total of 272 samples were taken with an average spacing of ~100 metres between samples, to mitigate the challenges posed by the scarcity of outcrops and the presence of lakes.

The Company has been evaluating the inaugural drill program based not only on the structural lineament pattern connecting the Adina trend with the Liberty property, but also using its most recent field data. The recently acquired data has allowed the Company to observe favorable pegmatite and structural features grouped around east-west, north to north-east and north-east orientation.

At this stage, multiple drill holes collars have been planned inside a carefully established corridor about one kilometre wide inside the Trieste volcanic formation. This environment, which is composed mainly of amphibolite injected by different granitic and pegmatitic phases, hosts spodumene bearing pegmatite forming the Adina trend.

It is expected that each hole, will be drilled following a north-west orientation with a 45-degree dip and has been strategically positioned to intersect a magnetic contrast which could correspond to pegmatite swarms. As the Company gains more in-depth knowledge with sampling results, incoming LiDAR data and a geophysics program, holes will be prioritized and drilled accordingly. It is also important to note that there is no historical drilling that has taken place on the Company's Liberty property.

Mr. Mansoor Jan, Comet Lithium's new Interim CEO and President, stated: "We strongly believe it is necessary to initiate this early-stage drill program on the Liberty property considering that Winsome Resources, our neighbor, has successfully extended the spodumene bearing pegmatite intrusion less than one kilometre west of the property boundary. We are confident that the interpretation work completed so far will allow us to identify the continuity of pegmatites of the same type inside the Liberty property."

Comet Lithium's technical team will optimize and potentially expand the drill program by incorporating output from LiDAR survey and insight generated from additional geophysical work.

Q u alified Person

Martin Demers, P. Geo (ogq #770, APEGNB L5980, PGO #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 Corporation

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%-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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