Komet – Extension of a Private Placement

PRESS RELEASE TSX-V: KMT.V

For immediate release

Komet – Extension of a Private Placement

Québec City, March 28, 2018 – Komet Resources Inc. (“Komet” or the “Company”) announces the extension

of the deadline to April 26, 2018 to complete a non-brokered private placement of units of the Company (the

“Units”) at a price of CA$0.37 per Unit. Each Unit consists of one common share of the Company (a “Common

Share”) and one-half Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to

purchase one additional Common Share at a price of CA$0.45 for 12 months from the closing date of the private

placement (the “Closing Date”). A first tranche of CA$592,858 was closed on January 25, 2018 and a second

tranche of CA$1,244,680 was closed on February 15, 2018.

Securities issued under the private placement will be subject to a four month hold period from the Closing Date.

Komet will use the private placement proceeds to accelerate exploration of its properties in Burkina Faso

and Mali.

The private placement is carried out pursuant to prospectus exemptions of applicable securities laws and is

subject to final acceptance by the TSX Venture Exchange.

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

Investors relations and information: André Gagné, President and CEO 581 -300-1666 /

[email protected] / Skype: andregagne11

Forward-Looking Statements

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. This press release contains statements that may constitute “forward-looking information” or “forward-looking

statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are

beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking

information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign

currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situation s,

unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and

policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no

guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-

looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not

assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future

events, or any other cause, except if it is required by securities laws.