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Comet Lithium Identifies Cesium-Bearing Pegmatite Extensions and Discovers New Pegmatite Zone at Elmer East The mineralized pegmatite system has now been significantly extended, the main lithium-caesium- bearing dyke now extends for more than 200 metres along strike following recent trenching and

Drill Results Exploration Programs

Comet Lithium Identifies Cesium-Bearing

Pegmatite Extensions and Discovers New

Pegmatite Zone at Elmer East

The mineralized pegmatite system has now been significantly extended, the main lithium-caesium-

bearing dyke now extends for more than 200 metres along strike following recent trenching and

prospecting. The dyke ranges from 1 to 4 metres in exposed width, remains open in all directions.

The fieldwork has also identified an additional mineralized dyke approximately 40 metres north of

the main structure, underscoring the potential for a broader lithium-caesium mineralized corridor at

Elmer East.

Highlights:

Pegmatite extension more than doubled, now exceeding 200 metres in strike length (from

80 m

previously) following trenching and prospecting (Figure 1).

Spodumene identified within multiple mineralized zones, confirming a strong lithium-caesium-

tantalum (LCT) affinity.

New mineralized dyke discovered approximately 40 metres north of the eastern outcrop, open in

both directions and containing spodumene (Figures 1 and 4).

Seven mineralized outcrops and dykes now mapped within a continuous corridor of

approximately

200 m

in length, remaining open along strike and at depth.

134 samples collected

between October 15 and 23, 2025

, including 35 channel samples from

five trenches (EE25-CH1 to CH5) (Figures 2 and 3).

ROUYN-NORANDA, QC

,

Oct. 27, 2025

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

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

follow-up program at the Elmer East Project, located in the Eeyou Istchee Baie-James region of

Québec. The program has significantly expanded the known lithium–cesium mineralized footprint

initially discovered earlier this season.

Field Program Summary

Between

October 15

th

and 25

th

, 2025, Comet's team, under the supervision of Dahrouge Geological

Consulting, completed:

Approximately 101 km of cumulative prospecting traverses across eastern and northern Elmer

East.

Five channel trenches (3–4 metres each) cut across three key outcrops: West, Central, and

East. (Figure 3 and 5).

Identification of a new mineralized dyke north of the East outcrop (Figure 4).

Geological Observations

The mineralized pegmatites are characterized by:

White to beige spodumene crystals (ranging from 3–15 cm in size).

Quartz and potential pollucite (a caesium bearing Zeolite), with accessory muscovite and minor

tourmaline.

Host rocks consisting mainly of amphibolite, with local felsic to intermediate dykes.

The mineralized bodies remain open in all directions, with visible spodumene bearing pegmatitic

dykes extending under vegetation and shallow overburden.

Next Steps

All samples have been submitted to the laboratory for geochemical analysis, with assay results

expected in the coming weeks. The Company plans to integrate these results with detailed

mineralogical characterization (XRD and LIBS), which in turn will be used to evaluate drill targets for

2026, testing subsurface extensions and continuity of the mineralized dykes.

"The Elmer East follow-up program has delivered exactly what we hoped for; a clear extension of

the mineralized system, consistent spodumene mineralization, and the first confirmed occurrence of

pollucite within the zone. These results reaffirm our belief that Elmer East represents a highly

prospective lithium-caesium system within the

James Bay

region. The team at Dahrouge has done

an exceptional job executing under challenging field conditions commented

Vincent Metcalfe

, Chair

and CEO of Comet Lithium.

Figure 1 : Looking East – View of the Mineralized Corridor (CNW Group/Comet Lithium Corporation)

Figure 2 : Channel Sample of the West Outcrop (CNW Group/Comet Lithium Corporation)

Figure 3 : Channel Sample C00429754 from the West Outcrop (CNW Group/Comet Lithium

Corporation)

Figure 4 : New Mineralized Dyke (CNW Group/Comet Lithium Corporation)

Figure 5 : East Outcrop – Channel Sample EE25-CH5 (CNW Group/Comet Lithium Corporation)

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 multi-million-

ounce 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.

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.

147 Québec Avenue (back door)

Rouyn-Noranda

, Québec J9X 6M8

Email:

[email protected]

Website:

CometLithium.com

SOURCE

Comet Lithium Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2025/27/c8452.html

%SEDAR: 00035962E

For further information:

For further information: Comet Lithium Corporation, Vincent Metcalfe,

Chairman and CEO, [email protected], +1.514.249.9960

CO: Comet Lithium Corporation

CNW 16:30e 27-OCT-25