Comet Lithium Announces Results of Annual and Special Meeting of Shareholders

ROUYN-NORANDA, QC, June 19, 2025 /CNW/ - Comet Lithium Corporation (TSXV: CLIC) (FSE: 8QY) ("Comet Lithium" or the "Corporation") is pleased to announce that at its annual and special meeting of shareholders held earlier today (the "Meeting"), Comet Lithium's shareholders elected Vincent Metcalfe, Sylvain Champagne, Jordan William Potts, Paul Blatter, Jamie Flegg, S. Mitchel Wasel and Kyle Frank as directors of Comet Lithium. Following the Meeting, Comet Lithium's Board of Directors re-appointed Vincent Metcalfe as President and Chief Executive Officer of Comet Lithium and appointed Sylvain Champagne as Chief Financial Officer of Comet Lithium.

At the Meeting, Comet Lithium's shareholders also approved resolutions (i) appointing Raymond Chabot Grant Thornton LLP, Chartered Professional Accountants, as the auditor of Comet Lithium, (ii) authorizing, ratifying, approving and confirming the current omnibus equity compensation plan of Comet Lithium (the "Plan"). The maximum number of common shares reserved for issuance under the Plan is (i) 10% of the outstanding common shares of the Corporation at any point in time with respect to options, unless the Corporation obtains disinterested shareholder approval as required by the policies of the TSX Venture Exchange, and (ii) 1,190,738 common shares for other awards (other than options) under the Plan.

About Comet Lithium Corporation

Comet Lithium is a dynamic exploration company with a growing portfolio of highly prospective assets located in Québec, including several properties in the prolific James Bay District. The Company's land package includes the Liberty Property, located adjacent to Winsome Resources' Adina lithium discovery, and the Troilus East Property, positioned next to Troilus Gold's gold-copper project. Comet's strategy is focused on systematic exploration and unlocking the value of its diverse property portfolio through targeted fieldwork and strategic partnerships.

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.

Website: CometLithium.com

SOURCE Comet Lithium Corporation