Mr. Mike O'Reilly reports

GOMET INDUSTRIES APPROVES INCENTIVE STOCK OPTIONS

Comet Industries Ltd. directors have approved the grant of a total of 60,000 incentive stock options under the company's incentive stock option plan to directors of the company. The options are exercisable at a price of $3.85 per share and expire March 16, 2030.

The company has acquired an additional 0.39-acre (17,336-square-foot) property for $35.82-million. The property will be included in Iron Mask Industrial Park, which the company is currently developing.

About Comet Industries Ltd.

Comet Industries was 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 properties, all in British Columbia. The company is developing a light industrial park on the land it owns in Kamloops, B.C., and owns unimproved land on Nelson Island, B.C., all on a freehold basis.

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