KMT Komet Resources Inc

Komet Resources inc. ("Komet" or the "Company") (TSX VENTURE:KMT) is very
pleased to announce that it has obtained the final approval of the TSX Venture
Exchange (the "Exchange") for the acquisition of the Guiro gold mine announced
on May 28 and June 10, 2014.


TSX Venture Exchange has accepted for filing the documentation relating the
acquisition of all the assets of Stremco SA (the "Vendor") including a 100%
interest in a gold mine located in Guiro and Diouga in Burkina Faso in exchange
for $600,000 cash, assumed liabilities of a maximum of 1,220,012,900 CFA francs
(approximately $CAN 2,800,000) and the issuance of 3,000,000 common shares of
the Company. The Vendor will retain a gross royalty of 2% of gold sales made
above the amount of $1,300 per ounce up to a maximum amount of $CAN 2,000,000. 


Andre Gagne, President and CEO, is presently in Ouagadougou to finalize the
permit and loan transfer to the Corporation. During a meeting with the business
Director of Societe Generale du Burkina Faso, the loan transfer was approved by
the bank according to the terms already agreed upon in previous negotiations.
Mr. Gagne declares: "The news that the Canadian Exchange Authorities have
accepted the transaction has reassured all stakeholders in Burkina Faso. I am
very much aware that the arrival of Komet as a new player in the regional mining
industry is going to be scrutinized by the government, the business community
and the local population. We have the obligation to meet the highest
expectations and more." 


For further information please refer to the Company's press release dated May
28, 2014 and June 10, 2014. Documentations filed to the Exchange will be
available today on the Company's website, including: the due diligence, the
Qualified Person's technical report, the legal notice and the IFRS audit.


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 

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

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