Komet Signs Market Making Agreement With Questrade, Inc.

QUEBEC CITY, QUEBEC--(Marketwired - Jul 22, 2016) - Komet Resources Inc. (TSX VENTURE:KMT) ("Komet" or the "Company") announces that it has entered into an agreement with Questrade, Inc. to provide market making services in accordance with all applicable TSX Venture Exchange policies and securities laws and regulations. Questrade will be paid $5000 per month on a 12 month term contract, terminable upon either party giving at least 30 days notice. No shares or options are payable to Questrade under the contract.

Komet Resources Inc. and Questrade, Inc. are unrelated and unaffiliated entities but Questrade, Inc. or its clients have or may have a direct interest in the securities of Komet Resources Inc.

Komet is a junior mining company with gold properties in West Africa.

Questrade, Inc., provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms. Questrade offers market making services on behalf of TSX and TSX Venture Exchange listed companies, providing liquidity on the stock exchange for shareholders.

Neither 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 this release.

More information about the corporation is available at: http://kometgold.com.

Forward-Looking Statements

Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange's policies) accepts any liability of any kind as to the authenticity or accuracy of this release. This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet Inc.'s ("Komet") control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated reserves, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet's management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

Outstanding shares: 67,469,009