Iron Mask Industrial Park Achieves Next Key Milestone

Kamloops, B.C.: Comet Industries is pleased to announce it has secured its preliminary layout approval - the conditional approval for a proposed subdivision plan - for the Iron Mask Industrial Park. This important milestone marks the next step of an exciting new chapter for the light industry industrial park, which is designed to create opportunities for business growth, attract investment to the city of Kamloops, and deliver long-term economic benefits for the region.

Mike O’Reilly, President of Comet Industries, shared: “Securing this preliminary layout approval is another positive step forward, not just for Comet Industries but for our community. We believe that Iron Mask Industrial Park will bring more jobs to Kamloops, attract new businesses, and allow other businesses to expand and grow, all strengthening our local economy. Our team is committed to working closely with our partners, neighbours, and those who will call Iron Mask Industrial Park home for their business to ensure this project creates lasting value for years to come.”

Comet Industries looks forward to advancing to the next stages of the Iron Mask Industrial Park and invites those interested in learning more to visit www.ironmaskindustrialpark.ca and register to receive updates on the project.

About Comet Industries Ltd.

Comet Industries Ltd. was established in 1972, incorporated in the Province of British Columbia, and is listed on the TSX Venture Exchange. The Company is in the business of holding and developing real estate properties, all in British Columbia (“BC”). The Company owns unimproved land in Kamloops and Nelson Island on a freehold basis. A major initiative by the company is the Iron Mask Industrial Park project. Visit: www.cometindustries.ca

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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the reference to the proposed development of the Iron Mask Industrial Park. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the company at www.sedar.com for further information.