Comet Lithium Collaborates With VRIFY To Reveal New Exploration Targets Using Machine Learning Technology

Comet Lithium Collaborates With VRIFY To

Reveal New Exploration Targets Using

Machine Learning Technology

ROUYN-NORANDA, QC

,

March 4, 2024

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

8QY) ("Comet Lithium" or the "Corporation") is pleased to announce that it is collaborating with

VRIFY Technology Inc. ("VRIFY") to, among other things, generate targets from a proprietary

machine learning algorithm. The algorithm will be trained using previously disclosed data along with

other publicly available information related to the Comet Lithium properties. It will generate multiple

scenarios, which will be continually refined as new data becomes available or is published in the

public domain. The VRIFY machine learning tool will provide an additional layer of information to

enhance Comet Lithium's exploration database and exploration programs.

Vincent Metcalfe

, the Executive Chair and CEO of Comet Lithium, commented, "We are thrilled to

announce our collaboration with VRIFY, which will leverage machine learning algorithms to actively

identify new exploration targets within Comet Lithium's portfolio of properties. This innovative

approach will significantly enhance the prospectivity of our properties by adding new targets to our

exploration pipeline."

The initial phase of VRIFY's collaboration is focusing on Comet Lithium's 100%-owned Liberty lithium

property, and the initial targets generated to date by VRIFY will be presented by Comet Lithium and

VRIFY on

Monday, March 4, 2024

, at 1:00 p.m. (eastern time) at the PDAC Convention in

Toronto,

Canada

. The presentation will be held at VRIFY's lounge (Booth 3321) on the Investors Exchange

Floor at the Metro Toronto Convention Centre, located at 255 Front Street West,

Toronto, Ontario

M5V 2W6. It is expected that the algorithm will generate additional targets on Comet Lithium's

properties, including on its Liberty property, as additional work is completed on such properties and

data of neighbouring properties also becomes publicly available.

VRIFY Artificial Intelligence System

VRIFY's artificial intelligence ("AI") targeting system uses a combination of deep learning and

computer vision architectures to train predictive models with data from various exploration features

like drillholes, rock geochemistry, and mineral occurrences. The approach leverages complex data

relationships to predict mineral exploration targets, streamlining the process of identifying viable

mineral deposits. The automation of target generation will allow the trained model to be updated

quickly with new data from ongoing exploration work. By using locally trained models, VRIFY will be

able to deliver prediction accuracy metrics and feature importance maps, giving true insight into

exploration vectors.

The VRIFY modeling is conducted by compiling the exploration data into a gridded data space.

Feature engineering steps include, geophysical standard filtering such as vertical derivatives ("FVD"),

tilt angle (tilt) and other Fourier filtering. Geological information from outcrops is used to generate a

probabilistic lithological map and geochemical data is interpolated using a random forest regression

process. The feature engineering process is validated using statistical evaluation of the products

together with visual validation. All exploration features are then compiled as entry to the VRIFY

targeting algorithm. Learning examples are derived from known mineralized samples established

from drillholes, surface sampling, etc.

The available learning data points are separated between training and validation sets in order to train

and test the algorithm. This allows VRIFY to evaluate the performance metrics associated with the

predictive modeling.

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 Comet Lithium Corporation

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

James Bay

District of

Quebec

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

Winsome Resources' Adina lithium deposit, a growing high-grade lithium discovery. Comet Lithium is

advancing its Liberty Property to first-ever drilling.

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 the additional interpretation of the new

targets generated by VRIFY's; if any of the planned exploration programs, including any follow-up

works to test any of the targets generated by VRIFY's machine learning tool will occur, the timing of

and results of such exploration programs, 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, 2022

, 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.

SOURCE

Comet Lithium Corp.

View original content:

http://www.newswire.ca/en/releases/archive/March2024/04/c4565.html

%SEDAR: 00035962E

For further information:

Comet Lithium Corporation, Vincent Metcalfe, Chairman and CEO,

[email protected], +1.514.249.9960, 147 Québec Avenue (back door), Rouyn-Noranda,

Québec J9X 6M8, Email: [email protected], Website: CometLithium.com

CO: Comet Lithium Corp.

CNW 07:15e 04-MAR-24