Komet Announces Sales of its Assets in Burkina Faso

PRESS RELEASE TSX-V: KMT.V

For immediate release

Komet Announces Sales of its Assets in Burkina Faso

Québec City, April 16, 2019 — Komet Resources Inc. (“Komet” or the “Corporation”) wishes to announce that

it has entered into an agreement to sell all the issued and outstanding shares that it holds in the share capital of

its subsidiaries in Burkina Faso (the “Share Disposition”), Komet Ressources Afrique SA and Guiro Exploration

SARL (the “Subsidiaries”), to CINI Solutions, a private corporation located in Qatar (“CINI”).

CINI will pay the following consideration to Komet for the Share Disposition: (i) the assumption of all the debts

of the Subsidiaries; (ii) 12 consecutive monthly payments of US$100,000 to Komet. Closing of the transaction is

expected to occur at the end of April. CINI also holds a first right of offer on the Dabia South property in Mali until

June 7, 2019 in consideration for a single cash payment of US$7,000,000.

This transaction will allow Komet to cease all activities in Burkina Faso. The Corporation now intends on further

developing its Dabia South property in Mali and will also focus its efforts on acquiring gold and base metal

exploration and development opportunities in eastern Canada.

For more Information on Komet Resources Inc.:

Lucas Werner Claessens

Chief Executive Officer

Email: [email protected]

Tel: +1-647-647-2285

Investors relations:

Carl Desjardins, Relations publiques Paradox inc.

Email: [email protected]

Tel: +1-514-341-0408

About Komet Resources

Komet Resources Inc. is a Canadian-based gold mining and exploration Corporation, listed on the TSX-V, with

a focus on exploration of its projects in Mali, West Africa.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility

for the adequacy or accuracy of this release.