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CLIC.V ·

X-Terra Resources Changes Its NAME to Comet Lithium Corporation

Corporate Actions

X-TERRA RESOURCES CHANGES ITS NAME

TO COMET LITHIUM CORPORATION

ROUYN-NORANDA, QC

,

June 6, 2023

/CNW/ - X-Terra Resources Inc. ("

X-Terra

" or the

"

Corporation

") (TSXV: XTT) is pleased to announced that is has filed Articles of Amendment to

change its name from "X-Terra Resources Inc. / Ressources X-Terra Inc." to "Comet Lithium

Corporation / Corporation Comète Lithium".

Accordingly, the common shares of the Corporation will commence trading on the TSX Venture

Exchange under it new name Comet Lithium Corporation at the opening of the market on or about

June 8, 2023

under the new trading symbol "CLIC". The new CUSIP/ISIN numbers for the common

shares of Comet Lithium Corporation following the effective date of the name change will be

20036Y101/CA20036Y1016, respectively.

The name and symbol changes do not affect the Corporation' share structure or the rights of the

Corporation's shareholders, and no further action is required by existing shareholders. Each current

share certificate evidencing common shares of X-Terra will continue to evidence the common shares

of Comet Lithium Corporation without further action by shareholders. No consolidation of capital

occurred in connection with the name change.

About X-Terra

X-Terra Resources is a well-structured publicly listed resource company with projects in the James

Bay Lithium District in

Quebec

as well as in

New Brunswick

(precious metals). Advancing its projects

with thoughtful and technical rigor, X-Terra strives to discover and delineate new compliant

resources, creating value for its shareholders.

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.

www.CometLithium.com

SOURCE

X-Terra Resources Inc.

View original content:

http://www.newswire.ca/en/releases/archive/June2023/06/c1132.html

%SEDAR: 00035962E

For further information:

Michael F. Ferreira, President & Chief Executive Officer, Tel.: 819 762-

4101, Email:

[email protected]

CO: X-Terra Resources Inc.

CNW 17:33e 06-JUN-23