Mr. Steven Goldman reports

COMSTOCK ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING AND GRANT OF STOCK OPTIONS

Comstock Metals Ltd. has released the results of its annual and special meeting of shareholders held on July 28, 2026. At the meeting, shareholders unanimously approved all matters put before them, including fixing the number of directors at four, the election of directors, the reappointment of Dale Matheson Carr-Hilton LaBonte LLP, chartered professional accountants, as auditor of the company and the reapproval of the company's rolling stock option plan. Proxies were received from the holders of more than 12.8 million common shares, representing approximately 43 per cent of all shares entitled to be voted at the meeting.

The company also announces that certain officers and directors have been granted an aggregate of 2,267,198 stock options pursuant to the company's stock option plan effective July 28, 2026. Each option is exercisable to acquire one common share of the company at an exercise price of five cents per share until July 28, 2031. The options vest immediately upon grant.

About Comstock Metals Ltd.

Comstock Metals is a publicly traded company which formerly operated as a mining exploration company in Canada but is currently focused on identifying new opportunities.