Mr. Michael O'Reilly reports

COMET INDUSTRIES COMPLETES ARCHAEOLOGICAL IMPACT ASSESSMENT FOR IRON MASK INDUSTRIAL PARK

Comet Industries Ltd. has completed an archeological impact assessment for the Iron Mask Industrial Park, marking another significant step forward in the development of the 200-acre tight industry industrial park in Kamloops.

White not legally required, Comet pro-actively undertook a comprehensive archeological impact assessment across the entire property to ensure that no culturally sensitive sites would be disturbed during future development. The assessment was conducted in consultation with 13 indigenous communities, whose traditional territories overlap the project area.

"Comet chose to do a full archeological impact assessment across our entire 200 acres to ensure we would not be disturbing any culturally sensitive sites," said Mike O'Reilly, president and chief executive officer of Comet. "The completed archeological impact assessment will also give future developers and lot purchasers confidence and peace of mind that there is a low likelihood of encountering archeological concerns on the site."

The archeological impact assessment revealed no archeological findings on the property, a result that significantly streamlines the development process.

"Completing this work up front removes a major barrier for businesses," added Mr. O'Reilly. "It's part of our commitment to thoughtful, responsible development and providing shovel-ready land for industrial users."

With the archeological assessment now complete, Comet is currently awaiting final rezoning approvals. The last outstanding item is the Ministry of Transportation and Transit review and approval of the project's traffic impact assessment, which has been fully submitted.

This milestone brings Iron Mask Industrial Park one step closer to being able to sell lots to welcome new businesses and creating positive, long-term economic opportunities for the Kamloops region.

About Comet Industries Ltd.

Comet Industries was established in 1972, incorporated in the Province of British Columbia, and is listed on the TSX Venture Exchange. The company is in the business of holding and developing real estate properties, all in British Columbia. The company owns unimproved land in Kamloops and Nelson Island on a freehold basis. A major initiative by the company is the Iron Mask Industrial Park project.

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