Komet Resources Inc.

Komet Resources Inc.

July 28, 2014 10:15 ET

Komet Resources Inc.: Appointments of Mr. Mathias Thibieroz and Mr. Dieudonne Samson Yaogho

QUEBEC CITY, QUEBEC--(Marketwired - July 28, 2014) - Komet Resources inc. ("Komet" or the "Company") (TSX VENTURE:KMT) announces the appointment of Mr. Mathias Thibieroz as director in the Company and member of the Technical Committee alongside Mr. Robert P. Wares and Mr. Marcel Robillard, president of Exploration Puma. Mr. Thibieroz is owner and founder of IMAGRI, a very active industrial and mining construction company in West Africa. He is also owner and founder of Mali Industries, which specializes in manufacturing specific road semi-trailers. The coming of this new director on Komet's Board of Directors brings the sought expertise and competences in the mining industry.

Mr. Thibieroz. replaces Mr. Michel Lebeuf Jr on the Board of Directors, who resigned his position for reasons of independence and governance. We wish to express our warm thanks to Mr. Lebeuf for his important involvement in the transition of Komet as a mining company.

Appointment of the Country Manager

President and CEO, Mr. André Gagné is pleased to announce the appointment of Mr. Dieudonné Samson Yaogho as Country Manager of Komet Afrique SA subsidiary. Mr. Yaogho holds a Master's degree in public law and a degree in administrative law. He served as independent tax advisor for various foreign extractive companies that are part of OHADA (16 countries of West Africa). Amongst others, he supervised the diligent review which led to the acquisition of the Guiro mine.

More information about the corporation is available at: www.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: 40 255 047

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