Mr. Vincent Metcalfe reports

COMET LITHIUM ANNOUNCES MANAGEMENT CHANGES

Comet Lithium Corp. has appointed Vincent Metcalfe as president and chief executive officer of the company, in replacement of Mansoor Jan Niazi, who had been acting as interim chief executive officer and president since September, 2023, effective Jan. 1, 2024.

Mr. Metcalfe is a director of the company and the current executive chairman of the board of directors. He has extensive domestic and international experience in the metals and mining sector and co-founded and led Nomad Royalty Company Ltd. as the chief executive officer and chair until it was acquired by Sandstorm Gold Ltd. in 2022. He also held a number of officer and senior executive roles at Toronto Stock Exchange and New York Stock Exchange listed resource companies within the Osisko group of companies prior to his involvement with Nomad Royalty.

The board of directors commented: "We are thrilled Mr. Metcalfe has agreed to take on the role of president and chief executive officer and to have an executive of this calibre and experience lead Comet Lithium. We are confident Mr. Metcalfe is the ideal candidate to successfully execute on our business plan and bring the company to a new level as we ramp up exploration activities at our 100-per-cent-owned Liberty and Troilus East properties and continue to develop our program for our other portfolio properties."

The board of directors also extended its gratitude to Mr. Jan: "We would like to thank Mr. Jan for his valuable work during his tenure as interim CEO and president. Mr. Jan played a key role in ensuring a smooth transition for the company and his leadership and dedication was greatly appreciated. We wish him all the best in his future endeavours."

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 lithium discovery. Comet Lithium is advancing Liberty to first-ever drilling.

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