Announces Resignation of Michael Ferreira

COMET LITHIUM CORPORATION

ANNOUNCES RESIGNATION OF MICHAEL

FERREIRA

ROUYN-NORANDA, QC

,

July 31, 2023

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

Comet

Lithium

" or the "

Corporation

") today announced the resignation of Mr.

Michael Ferreira

, effective

July 28, 2023. Mr. Ferreira had been serving as the President and Chief Executive Officer of the

Corporation since

October 20, 2016

until he agreed to temporarily step down from his role on

June

12, 2023

.

Since Mr. Ferreira's step down, the Board of Directors has worked closely with Mr. Sylvain

Champagne, the Interim President and Chief Executive Officer, to actively manage and continue the

Corporation's activities in the normal course.

The Board of Directors has commenced a comprehensive search to identify a permanent CEO or a

replacement interim CEO to manage and develop the Corporation, including guiding it through its

future exploration efforts.

About Comet Lithium Corporation

Comet Lithium Corporation is a dynamic lithium-focused exploration company active in the prolific

James Bay Lithium District of

Quebec

. Comet Lithium's flagship asset is its 100%-owned Liberty

Property contiguous to Winsome Resources' Adina deposit. Comet Lithium is advancing Liberty to

first-ever drilling in 2023.

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.

SOURCE

Comet Lithium Corp.

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http://www.newswire.ca/en/releases/archive/July2023/31/c1215.html

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For further information:

Sylvain Champagne, Interim President and Chief Executive Officer, Tel.:

819-762-4101, Email: [email protected], www.cometlithium.com

CO: Comet Lithium Corp.

CNW 08:00e 31-JUL-23