KMT Komet Resources Inc

Komet Resources Inc. (TSX VENTURE:KMT) is pleased to announce part of its new
business development strategy, specifically for gold in West Africa. Andre
Gagne, President and CEO, just arrived from a second 10 days exploratory mission
in Burkina Faso. During the visit, a non-disclosure agreement was signed with a
private company concerning a promising gold property located in the northern
portion of the country. A mandate for a due diligence has been granted to a
Burkina Faso firm in order to verify all available information concerning the
subject property. Preliminary discussions have also been initiated about other
permits.


During his visit, Mr. Gagne met key officials of the mining industry within the
government of Burkina Faso, such as the Ministry of Mines, Quarries and Energy,
the Directorate of Mining, Geology and Quarries and the Bureau of Mines and
Geology of Burkina (BUMIGEB). Mr. Gagne also seized the opportunity to start
procedures toward the creation of a Burkinabe legal entity (SA Company) and the
opening of a permanent office in the capital of Ouagadougou. He also met with
various banks and potential business partners. Mr. Gagne states: "I am delighted
by the warm welcome I once again received and the openness of the Burkinabe
government authorities. I feel they are sincerely happy to see new Canadian
investors. The quality and potential of the properties available to us have
really impressed me." 


Burkina Faso is known for its political stability and openness to foreign
companies wishing to invest in sustainable development projects. The mining
sector is particularly interesting thanks in part to a favorable mining code and
the great exploration potential. There are currently six operating gold mines in
the country representing resources and reserves of over 30 million oz. gold,
including Canadian companies IAMGOLD (Essakane), Semafo (Mana) and Endeavour
(Yuga). Regarding exploration, nearly 300 permits have already been granted and
a large territory is still available. Burkinabe authorities have an impressive
amount of geological, geophysical and geochemical data for the entire national
territory, facilitating the choice of the preferred targets. 


A third visit is already scheduled for April, again in Burkina Faso but also
elsewhere in West Africa. The acquisition of promising permits with known gold
resources is the short term objective. 


More information will be available next week at: www.kometgold.com

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investors relations and informations:
Andre Gagne, President and CEO
581-300-1666
a.gagne@kometgold.com
Skype : andregagne11

Komet Resources (TSXV:KMT)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Komet Resources (TSXV:KMT)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024