Rezoning Application to Public Hearing

We are pleased to share that a rezoning application for our 190 acre proposed industrial park development is moving to public hearing on May 30, 2023.

We welcome your comments.

Please email Randy Lambright >> randy@cometindustries.ca with any comments, concerns or questions.

The public is welcome to attend the Public Hearing. Details here and below.

About Comet Industries Ltd.

Comet Industries Ltd. was incorporated in the Province of British Columbia and is listed on the TSX Venture Exchange. The address of the Company’s corporate office and its principal place of business is 1177 West Hastings Street, Suite 1710, Vancouver, British Columbia, Canada V6E 2L3. The Company is in the business of holding and developing real properties, all in British Columbia (“BC”). The Company owns unimproved land in Kamloops, Terrace, Pender Harbor, BC and a rental property in Vancouver, BC all on a freehold basis.

COMET INDUSTRIES LTD.

“Michael O’Reilly”

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Michael O’Reilly

President and CEO

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 statement of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the reference to 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.