Mr. Mansoor Jan reports

COMET ANNOUNCES CLOSING OF PONTAX SOUTH AND PONTAX EAST PROPERTIES ACQUISITION

Comet Lithium Corp. has closed the previously announced acquisition of a 100-per-cent interest in two exploration-stage lithium mineral properties from Nomad Resource Partners Inc., pursuant to an asset purchase and sale agreement dated Oct. 25, 2023.

The newly acquired properties consist of 76 mining claims within an active hard rock lithium district. The properties are made up of 32 claims comprising the Pontax South property and 44 claims comprising the Pontax East property. The consideration for the acquisition of the properties was paid by the issuance of 1.85 million common shares of Comet Lithium to Nomad Resource Partners. The consideration shares are subject to a resale restriction period of four months and one day. Please refer to Comet Lithium's press release dated Oct. 26, 2023, for more details on the properties.

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, with the aim to deliver long-term value for its stakeholders.