Komet announces the postponement of filing its annual financial statements and MD&A for the year 2019, due to COVID-19 related-delays

PRESS RELEASE

For immediate release

Komet announces the postponement of filing its annual

financial statements and MD&A for the year 2019, due to

COVID-19 related-delays

Montreal, Québec- April 30, 2020 – Komet Resources Inc. (“Komet” or the

“Corporation”) (TSXV: KMT) has postponed filing its annual financial statemen ts and

management's discussion and analysis for the year e nded December 31, 2019 (collectively

the “2019 annual documents”), due to logistics and delays caused by the COVID-19

pandemic. Komet is relying on Decision No 2020-PDG- 0023 of the Autorité des marchés

financiers (Québec) that allows it to delay the fil ing of its annual documents required by

National Instrument 51-102 by April 29, 2020. Komet estimates that its 2019 annual

documents will be available for filing at its earli est opportunity, which is expected to occur in

mid-June 2020.

Until such time as the 2019 annual documents are fi led, Komet’s management and other

insiders are subject to a trading blackout that ref lects the principles contained in section 9 of

National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple

Jurisdictions.

There have been no material business developments s ince the date of the last interim

financial statements, filed on November 29, 2019, a copy of which is available on SEDAR at

www.sedar.com.

More information about the Corporation is available at: http://kometgold.com .

Investors relations and information:

Robert Wares, Interim President 514-951-4235 / [email protected]

Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.