Mr. Michael Ferreira reports

X-TERRA RESOURCES CHANGES ITS NAME TO COMET LITHIUM CORPORATION

X-Terra Resources Inc. has filed articles of amendment to change its name from X-Terra Resources Inc./Ressources X-Terra Inc. to Comet Lithium Corp./Corporation Comete Lithium.

Accordingly, the common shares of the corporation will commence trading on the TSX Venture Exchange under it new name Comet Lithium at the opening of the market on or about June 8, 2023, under the new trading symbol CLIC. The new Cusip/ISIN numbers for the common shares of Comet Lithium following the effective date of the name change will be 20036Y101/CA20036Y1016, respectively.

The name and symbol changes do not affect the corporation's share structure or the rights of the corporation's shareholders, and no further action is required by existing shareholders. Each current share certificate evidencing common shares of X-Terra will continue to evidence the common shares of Comet Lithium without further action by shareholders. No consolidation of capital occurred in connection with the name change.

About X-Terra Resources Inc.

X-Terra is a well-structured publicly listed resource company with projects in the James Bay lithium district in Quebec, as well as in New Brunswick (precious metals). Advancing its projects with thoughtful and technical rigour, X-Terra strives to discover and delineate new compliant resources, creating value for its shareholders.