File: Attachment 2623_001.pdf

CARL R, JONSSON* TUPPER JONSSON & YEADON ITIO - II77 WEST HASTINGS STREET GLENN R. \'EADON* BARRISTERS & SOLICITORS VANCOUVER, B.C., CANADA AN ASSOCIATION OF LAWERS AND LAI'Y CORPORATIONS v6E2lj LEE S. TUPPER+ TEL: (604) 640-6358 JEFFREY T K FRASER* FAX: (604) 681-0139

*denotes a Personal Law Corporation LEE S. TUPPER Email : tupper@securitieslaw.bc.ca I 0078 REPLY ATTENTION OF OUR FILE:

June 10,2025 BY EMAIL

Canada Stockwatch Vancouver, B.C.

By Email: news@stockwatch.com

Market News Publishing Inc. Vancouver, B.C. By Email: news@baystreet.com

Dear Sirs:

Re: COMET INDUSTRIES LTD.

We are the solicitors for the above-mentioned company, and are enclosing a copy of its News Release of even date, which we would ask that you disseminate following the close of market on June 10, 2025 pursuant to the TSX Venture Exchange's requirements, as well as for distribution in the normal fashion. (Please note that we will be handling the SEDAR filing of

this News Release.)

Yours truly,

TUPPER JONSSON & YEADON

"Lee S. Tupper"

LEE S. TUPPER

LST:wb

Enc.

C: Comet Industries Ltd. - via email

Attention: Mike O'Reillv. CEO

TSX Venture Exchange - via SEDAR British Columbia Securities Commission - via SEDAR Alberta Securities Commission - via SEDAR

\\garnet.lan\_folders\tupper\documents\data\c\comet\corp\newsreleasecoverletterjune l0 2025.doc COMET INDUSTRIES

For lmmediate Retease June 1 O,2025

Gomet lndustries Gompletes Archaeological, lmpact Assessment for lron Mask lndustrial Park

Kamloops, B.G.: Comet lndustries Ltd. (Comet) is pteased to announce the comptetion of an Archaeotogicat lmpact Assessment for the lron Mask lndustriat Park, marking another significant step forward in the devetopment of the 200-acre tight industry industriaI park in Kamtoops.

White not tegatty required, Comet proactivety undertook a comprehensive Archaeotogicat lmpact Assessment across the entire property to ensure that no cutturatty sensitive sites would be disturbed during future devetopment. The assessment was conducted in consuttation with 13 lndigenous communities whose traditionat territories overtap the project area.

"Comet chose to do a fut[ archaeotogicat impact assessment across our entire 200 acres to ensure we woutd not be disturbing any cutturatty sensitive sites," said Mike O'Reitly, President and CEO of Comet. "The completed Archaeotogicat lmpact Assessment witt atso give future devetopers and tot purchasers confidence and peace of mind that there is a low tiketihood of encountering archaeologicaI concerns on the site."

The Archaeotogicat lmpact Assessment reveated no archaeologicat findings on the property, a resutt that significantty streamtines the devetopment process.

"Comptetingthiswork up front removes a major barrier for businesses," added O'Reitty. "lt's part of our commitment to thoughtfut, responsibte devetopment and providing shove[-ready tand for industriat users."

With the archaeotogicaI assessment now comptete, Comet is currently awaiting finaI rezoning approvats. The last outstanding item is the Ministry of Transportation and Transit review and approvaI of the project's Traffic lmpact Assessment, which has been futl.y submitted.

This mitestone brings lron Mask lndustriat Park one step ctoser to being abte to sett tots to welcome new businesses and creating positive, [ong-term economic opportunities for the Kamtoops region. About Comet lndustries Ltd Comet lndustries Ltd. was estabtished in 1972, incorporated in the Province of British Cotumbia, and is tisted on the TSX Venture Exchange. The Company is in the business of hoLding and devetoping reatestate properties, att in British Cotumbia ("BC').The Company owns unimproved tand in Kamtoops and Nelson lstand on a f reehotd basis. A major initiative by the company is the I ron M as k I nd ustria t Pa rk project. Visit: ltlpq/]rylryw.qq qeti nd u stri es. c a/

Foltow Comet lndustries on: Linkedln: httos://www. ti n d in.co m/com pa ny/cometind ustries/a bout/?viewAsM em ber=true Yo uTu be : htt p s : //wwr4Ly9_q!qbg.qqx&[a n n e Lill e Q4 s u 5 60 LxO i M x_N ta G4z g

Fotlow lron Mask lndustriat Park on: Linkedl n: httos://www. Li n l

pa rkla bout/?viewAsM em be r=true

"Michael O'Reilly"

COMET INDUSTRIES LTD. Michael O'Reilly President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSTBTLTTY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THtS NEWS RELEASE

This retease inctudes certain statements that may be deemed to be "forward-tooking statements". Att statements in this retease, other than statements of historicaI facts, that address events or devetopments that management of the Company expects, are forward-tooking statements, inctuding the reference to the proposed devetopment of the lron Mask lndustriat Park. Atthough management betieves the expectations expressed in such forward-tooking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actuaI resutts or devetopments may differ materiatty from those in the forward-tooking statements. The Company undertakes no obtigation to update these forward-tooking statements if management's betiefs, estimates or opinions, or other factors, shoutd change. Factors that could cause actuaI resutts to differ materiatty from those in forward-tooking statements inctude market prices, regutatory approvals, continued avaitabitity of capitat and financing, and generat economic, market or business conditions. Ptease see the pubtic fitings of the Company at www.sedar.com for further information.

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