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Comet Lithium Expands Discovery Work at Elmer East, Confirming a Continuous Caesium Pegmatite Over More Than 200 Metres A well-developed caesium-rich LCT-type pegmatite system, with all five channels returning elevated to high concentrations of caesium, tantalum, and lithium.

Exploration Programs

Comet Lithium Expands Discovery Work at

Elmer East, Confirming a Continuous Caesium

Pegmatite Over More Than 200 Metres

A well-developed caesium-rich LCT-type pegmatite system, with all five channels returning

elevated to high concentrations of caesium, tantalum, and lithium.

ROUYN-NORANDA, QC

,

Dec. 4, 2025

/CNW/ - Comet Lithium Corporation (TSXV: CLIC) (FSE:

8QY) ("Comet Lithium" or the "Corporation") is pleased to announce results from its

October 2025

channel sampling program at the Elmer East Project in the Eeyou Istchee James Bay region of

Québec. The program identified several out crops of high-grade caesium-dominant LCT pegmatites

extending over more than 200 metres of projected strike. The five sawn channel samples collected

along the trend returned strong caesium grades along with significant tantalum, and lithium values.

Importantly, the 200 metre corridor represents only the currently exposed portion of the system.

Geological and structural mapping indicate the mineralized trend may extend beyond current

exposures, and additional parallel dykes have already been identified.

These results elevate Elmer East into a rare class of global discoveries. High-grade primary caesium

systems are uncommon, with only a handful of notable examples worldwide (Tanco, Sinclair, Bikita).

The continuity, grade, and multi-element enrichment now documented at Elmer East position Comet

Lithium at the forefront of a rapidly emerging critical-mineral opportunity.

Global Significance of the Discovery

High-grade primary cesium pegmatites are among the rarest critical-mineral systems on Earth. Only

three deposits globally: Tanco (

Canada

), Sinclair (

Australia

) and Bikita (

Zimbabwe

) have ever been

commercially mined for caesium

1

. The multi-percent Cs

O grades, accompanying Ta

O

and Rb

enrichment, and structural continuity observed at Elmer East are all characteristic of this very small

class of deposits.

These results suggest Comet Lithium may be delineating the first significant caesium-rich LCT

system ever identified in the

James Bay

region, underscoring the strategic importance of this

discovery. Given the growing demand for caesium in advanced electronics, perovskite solar,

aerospace alloys, quantum technologies, and specialized chemical applications, Elmer East

represents a potential cornerstone discovery within

Canada's

critical mineral landscape.

The exploration results disclosed herein are early-stage in nature, and additional work is required to

fully understand the extent, continuity, and significance of the mineralized system.

_________________________________

1

Only three Caesium deposits globally have ever produced

.

Program Highlights:

All five channels cut across the mineralized corridor returned high-grade caesium, with robust

Li

O, Ta

O

and Rb support.

Mineralized trend now confirmed over 200 metres, remaining open in all directions.

Multiple intervals returned > 4% Cs

O, characteristic of pollucite-bearing or pollucite-proximal

LCT systems (Figure 1).

The strength and consistency of results indicate potential for a significant caesium asset, a

category with only a handful of global peers.

Preparations advancing for a 2026 drilling program.

Detailed Channel Results

CH–1 (EE25-CH1)

2.45 m

@ 1.11% Li

O,

469 ppm Ta

O

, and 3.39% Cs

O

Including

1.0 m

@ 0.49% Li

O,

375 ppm Ta

O

, and 4.91% Cs

O

CH–2 (EE25-CH2) (open to the north and south)

3.0 m

@ 1.97% Li

O,

866 ppm Ta

O

, and 2.27% Cs

O

Including

0.5 m

@ 1.15% Li2O,

495 ppm Ta

O

, and 3.75% Cs2O

and,

Including

2.0 m

@ 2.35% Li

O, 1,045 ppm Ta

O

, and 2.06% Cs

O

CH–3 (EE25-CH3) (open to the south)

3.2 m

@ 1.20% Li

O,

520 ppm Ta

O

, and 2.45% Cs

O

Including

0.5 m

@ 1.02% Li

O,

477 ppm Ta

O

, and 4.66% Cs

O

CH–4 (EE25-CH4) (open to the north and south)

2.2 m

@ 1.22% Li

O,

1160 ppm Ta

O

, and 2.18% Cs

O

Including

0.5 m

@ 1.04% Li

O,

694 ppm Ta

O

, and 4.19% Cs

O

CH–5 (EE25-CH5) (open to the north and south)

3.0 m

@ 1.13% Li

O,

929 ppm Ta

O

, and 1.35% Cs

O

Including

1.5 m

@ 1.26% Li

O,

1,315 ppm Ta

O

, and 2.09% Cs

O

Geological Observations

The October program was the second phase following the Company's August grassroots discovery

and we have now defined:

A wide, mineralized LCT pegmatite corridor

Strong enrichment in Cs

O, Ta

O

, Rb and Li

O

Multiple internal zones with > 4% Cs

O, comparable to grades historically mined at caesium

operations

Structural continuity suggesting a large, evolving pegmatite system, open along strike and at

depth

These grades and zonation patterns are hallmarks of pollucite-rich caesium systems, known for their

rarity, strategic value, and high commodity pricing.

Comparable Global Systems

The grades reported at Elmer East, including multiple > 4% Cs

O intervals, are consistent with the

high-grade zones historically mined at the Tanco mine in

Manitoba

, the Sinclair mine in

Australia

, and

the Bikita mine in

Zimbabwe

. These deposits supplied the global caesium market for decades.

Comparisons at this early stage provide valuable context to the emerging potential of Elmer East,

particularly as caesium-rich pegmatites remain extremely rare in modern exploration.

References to deposit analogues are for geological context only and there is no certainty that the

Elmer East Project will exhibit similar grades, tonnages, mineralogy, or economic potential.

Next Steps

Final structural mapping and drillhole planning over the 3D modelled mineralized corridor

Potential additional mechanical stripping to extend exposures

Drill permit amendments and pad planning

2026 drill program to test depth, thickness, and potential additional parallel pegmatites

"In management's view, Elmer East is now clearly emerging as a leading caesium discovery, these

type of deposits are rare. The continuity we are seeing over 200 metres, combined with consistently

high grades across the channel samples, is great. Caesium-dominant LCT pegmatites are rare, and

to find one of this scale, grade and multi-element enrichment in

James Bay

is remarkable. Elmer

East is quickly becoming one of Comet's most strategic assets, and we are accelerating work to get

drills turning in 2026." commented

Vincent Metcalfe

, Chair and CEO of Comet Lithium.

Figure 1 : Elmer East – Map of Channels and Mapped and Interpreted Mineralization (CNW

Group/Comet Lithium Corporation)

Figure 2 : Elmer East – West Outcrop Channels Closeup (CNW Group/Comet Lithium Corporation)

Figure 3 : Elmer East – Map of Potassium / Rubidium Ratios (CNW Group/Comet Lithium

Corporation)

Cautionary statements

Channel sample intervals represent sample lengths and may not represent true widths. Grab

samples are selective by nature and may not be representative of mineralized zones.

QAQC

A Quality Assurance / Quality Control protocol following industry best practices was incorporated

into the sampling program.

All rock samples were collected under the supervision of Comet Lithium and Dahrouge Geological

Consulting employees. All samples were logged and photographed on site while being collected.

Samples were then bagged, and blanks and certified reference materials were inserted at regular

intervals. Groups of samples were placed in large bags, sealed with numbered tags in order to

maintain a chain-of-custody, and shipped to AGAT Laboratories in

Val d'Or

, Québec.

All assays reported were analyzed at AGAT Laboratories in

Mississauga, Ontario

for multi-element

using sodium peroxide fusion and ICP-OES/ICP-MS finishes under AGAT Laboratories code

210378. In the case of overlimit for Caesium (>10,000 ppm), assays were analyzed under package

201-179 using sodium peroxide fusion and ICP-OES finish.

Qualified Person

Vincent Cardin-Tremblay

, P. Geo (ogq #1386, PGO #3347), registered in the Provinces of Québec,

and

Ontario

is Vice President Exploration to Comet Lithium, is a qualified person

under

National

Instrument 43

101

– Standards of Disclosure for Mineral Projects.

He has reviewed the technical

contents of this news release and has approved the disclosure of the technical information contained

herein.

About Dahrouge Geological Consulting Ltd.

Dahrouge Geological Consulting Ltd. Is a global mining and mineral exploration consulting group

providing expertise in professional geological, logistical, and project management services through all

stages of the mining value chain.

Based in

Edmonton, AB

, CAN,

Montreal, QC

, CAN, and

Denver, CO

, USA, Dahrouge and its

predecessor, Halferdahl and Associates, have advised and assisted clients in identifying, exploring,

developing, and optimizing mineral projects and resources since 1971.

About Comet Lithium Corporation

Comet Lithium is a dynamic exploration company with a growing portfolio of highly prospective

assets located in Québec, including several properties in the prolific

James Bay

District. The

Company's land package includes the Liberty Property, located adjacent to Winsome Resources'

Adina lithium discovery, and the Troilus East Property, positioned next to Troilus Gold's gold-copper

project. Comet's strategy is focused on systematic exploration and unlocking the value of its diverse

property portfolio through targeted fieldwork and strategic partnerships. Comet Lithium has

29,710,953 common shares outstanding.

Forward-Looking Statements

This news release contains statements that may constitute "forward-looking information" within the

meaning of applicable Canadian securities legislation. Forward-looking information may include,

among others, statements regarding the future plans, costs, objectives or performance of Comet

Lithium, or the assumptions underlying any of the foregoing. In this news release, words such as

"may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate"

and similar words and the negative form thereof are used to identify forward-looking statements.

Forward-looking statements should not be read as guarantees of future performance or results, and

will not necessarily be accurate indications of whether, or the times at or by which, such future

performance will be achieved. No assurance can be given that any events anticipated by the

forward-looking information will transpire or occur, including if any planned exploration programs on

the Elmer East Property, including the planning of potential drilling in 2026 described in this press

release, will occur, the timing to conduct such exploration program and the results of such

exploration programs, and if it does so, what benefits Comet Lithium will derive from any such

exploration programs. Forward-looking information is based on information available at the time

and/or management's good-faith belief with respect to future events and are subject to known or

unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are

beyond Comet Lithium's control. These risks, uncertainties and assumptions include, but are not

limited to the risks, uncertainties and assumptions described under "Financial Instruments" and "Risk

and Uncertainties" in Comet Lithium's Annual Report for the fiscal year ended

December 31, 2024

, a

copy of which is available on SEDAR+ at

www.sedarplus.ca

, and could cause actual events or

results to differ materially from those projected in any forward-looking statements. Comet Lithium

does not intend, nor does it undertake any obligation, to update or revise any forward-looking

information contained in this news release to reflect subsequent information, events or

circumstances or otherwise, except if required by applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

the release.

Website:

CometLithium.com

SOURCE

Comet Lithium Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/December2025/04/c1611.html

%SEDAR: 00035962E

For further information:

For further information: Comet Lithium Corporation, Vincent Metcalfe,

Chairman and CEO, [email protected], +1.514.249.9960, 147 Québec Avenue (back

door), Rouyn-Noranda, Québec J9X 6M8

Email: [email protected]

CO: Comet Lithium Corporation

CNW 07:00e 04-DEC-25