Mr. Michael O'Reilly reports

IRON MASK INDUSTRIAL PARK ACHIEVES NEXT KEY MILESTONE

Comet Industries Ltd. has secured its preliminary layout approval -- the conditional approval for a proposed subdivision plan -- for the Iron Mask industrial park. This important milestone marks the next step of an exciting new chapter for the light industry industrial park, which is designed to create opportunities for business growth, attract investment to the city of Kamloops and deliver long-term economic benefits for the region.

Mike O'Reilly, president of Comet Industries, shared: "Securing this preliminary layout approval is another positive step forward, not just for Comet Industries but for our community. We believe that Iron Mask industrial park will bring more jobs to Kamloops, attract new businesses, allow other businesses to expand and grow, all strengthening our local economy. Our team is committed to working closely with our partners, neighbours and those who will call Iron Mask industrial park home for their business to ensure this project creates lasting value for years to come."

Comet Industries looks forward to advancing to the next stages of the Iron Mask industrial park and invites those interested in learning more to visit the Iron Mask website and register to receive updates on the project.

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 B.C. 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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