Mr. Vincent Metcalfe reports

COMET LITHIUM ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING

Comet Lithium Corp. has elected to rely on Coordinated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers) and move to semi-annual reporting. The blanket order is a pilot program from the Canadian Securities Administrators, which allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting.

The corporation's fiscal year ends on Dec. 31. Under the SAR pilot program, the corporation will be exempt from filing interim financial reports and related management's discussions and analyses for its first and third quarters. Accordingly, the corporation will not file interim financial statements or related MD&A for the three-month period ended March 31, 2026, and the nine-month period ending Sept. 30, 2026, and all subsequent periods ending March 31 and Sept. 30.

The corporation will continue to file audited annual financial statements (due within 120 days of Dec. 31) and six-month interim financial reports and related MD&A (due within 60 days of June 30). The corporation remains committed to timely disclosure, and will continue to report all material changes and significant developments in accordance with National Instrument 51-102 (Continuous Disclosure Obligations).

The corporation confirms that it meets the eligibility criteria under the blanket order. The corporation has determined that participation in the SAR pilot program will ease the administrative and financial burden associated with quarterly reporting and is consistent with the objectives of the blanket order.

This news release is being filed pursuant to Coordinated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers).

About Comet Lithium Corp.

Comet Lithium is a Quebec-based mineral exploration company focused on advancing high-potential cesium and lithium assets, led by its flagship Pollux project in the James Bay district. The corporation's strategy is to create shareholder value through systematic exploration, targeted technical advancement and disciplined capital allocation while maintaining strategic exposure to additional high-quality assets, including the Liberty property and the Troilus East property. Comet Lithium also continues to build complementary royalty exposure through selected non-core asset transactions. Comet Lithium has 29,710,953 common shares outstanding.

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