COMET RESOURCES LIMITED(CRL)

The suspension of trading in the securities of Comet Resources Limited will be lifted immediately, following the release by CRL of an announcement regarding a proposed acquisition.

The company releases a notice of Proposed issue of Securities - CRL.

Binding Heads of Agreement for the acquisition of the high-grade Santa Teresa Gold Project in Baja California, Mexico . Concurrently negotiated non-binding terms for up to a US$20M financing to fund development activities on the Project via a gold streaming and royalty arrangement to be provided by Raptor Capital International. 32 diamond holes have been drilled into the project delivering numerous high grade intersections. Santa Teresa has an existing non-JORC2 Inferred Mineral Resource estimate of 64,000oz Au Inferred grading at 8.7g/t, reported at a 4g/t cutoff. However, individual assay grades were capped to 20g/t . Historical production in the surrounding El Alamo district estimated between 100,000 to 200,000oz Au. Exploration upside and opportunity to expand current mineralisation due to the under-explored nature of the tenements and the gold rich nature of the district.

The Company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Thursday 4 June 2020, or the release of an announcement in respect to the proposed acquisition and due diligence process.

The company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Wednesday 3 June 2020, or the release of an announcement in respect to the proposed acquisition and due diligence process.

The securities of Comet Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CRL, pending the release of an announcement regarding a proposed acquisition and due diligence process.

The suspension of trading in the securities of Comet Resources Ltd will be lifted immediately following the release by CRL of an announcement regarding a proposed capital raising.

Comet has received a strong endorsement for its recently announced Barraba Copper Project acquisition in the form of firm commitments for the $2M capital raising contemplated. Capital raising satisfies the key condition precedent to progress the acquisition. Company will now move to seek shareholder approval for the acquisition. Copper is one of most widely used metals in the world and is aligned with Comet's strategic focus on battery electric vehicle commodities. Initial drilling program on the Barraba Project planned for Q2 2020. Metallurgical work streams progressing on the Springdale Graphite Project. Results expected Q1/2.

The company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Tuesday 18 February 2020, or the release of an announcement.

The securities of Comet Resources Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of CRL, pending the release of an announcement regarding a proposed capital raising.

The suspension of the options exercisable at $0.20 each, expiring on or before 31/03/2015 of Comet Resources Limited (the "Company") will be lifted immediately. Security Code: CRLO

Comet Resources Limited (options exercisable at $0.20 each, expiring on or before 31/03/2015) SUSPENSION FROM OFFICIAL QUOTATION The options exercisable at $0.20 each, expiring on or before 31/03/2015 of Comet Resources Limited (the "Company") will be suspended from quotation immediately. Security Code: CRLO

name changed from Comet Resources NL