Mr. Michael Ferreira reports

X-TERRA RESOURCES ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

At X-Terra Resources Inc.'s annual and special meeting of shareholders held earlier today, X-Terra's shareholders elected Michael F. Ferreira, Sylvain Champagne, Jean-Francois Madore, Sebastien Bellefleur and Jordan William Potts as directors of X-Terra. Following the meeting, X-Terra's board of directors reappointed Mr. Ferreira as president and chief executive officer of X-Terra and appointed Mr. Champagne as chief financial officer and secretary of X-Terra.

At the meeting, X-Terra's shareholders also approved resolutions: (i) appointing Raymond Chabot Grant Thornton LLP, chartered professional accountants, as the auditor of X-Terra; (ii) authorizing, ratifying, approving and confirming the current omnibus equity compensation plan of X-Terra, the whole as more fully described in X-Terra's management information circular dated April 20, 2023, prepared in connection with the meeting; (iii) authorizing an amendment to the articles of X-Terra so as to change its corporate name from X-Terra Resources Inc. to Comet Lithium Corp./Corp. Comete Lithium or such other name as may be selected by the board of directors of X-Terra in its discretion. X-Terra will announce the effective date of the change of name in a subsequent press release.

About X-Terra Resources Inc.

X-Terra is an exploration-stage company in the business of acquiring, exploring and developing lithium and precious metal properties in Canada. It has interests in mining properties located in the provinces of New Brunswick and Quebec in Canada.