Comet Lithium Corporation announced the resignation of Mr. Michael Ferreira as President, effective July 28, 2023. Mr. Ferreira had been serving as the President and Chief Executive Officer of the Corporation since October 20, 2016 until he agreed to temporarily step down from his role on June 12, 2023. Since Mr. Ferreira's step down, the Board of Directors has worked closely with Mr. Sylvain Champagne, the Interim President and Chief Executive Officer, to actively manage and continue the Corporation's activities in the normal course.

The Board of Directors has commenced a comprehensive search to identify a permanent CEO or a replacement interim CEO to manage and develop the Corporation, including guiding it through its future exploration efforts.