KMT Komet Resources Inc

Komet Resources Inc. ("Komet") (TSX VENTURE:KMT) announces that it has signed a
memorandum of understanding to acquire the Guiro gold mine owned by Stremco SA
("Stremco"), a private company in Burkina Faso. 


Stremco owns the 65 km2 Guiro's exploration and operating license (Decree
2007-120 dated March 5, 2007) and was operating until July 2013 a "small scale
mine" according to the mining code of Burkina Faso (200 tons per day maximum).


Based on a feasibility study carried out in 1997 by European Mining Finance Ltd,
i.e. prior to the National Instrument 43-101 concerning information on mining
projects ("NI 43-101"), the government of Burkina Faso granted an exploration
permit by Ministerial Order (arrete ministeriel) No 94-097 dated May 6, 1994 and
a small scale mine production permit by Presidential Decree (decret du
president) No 2007-120 dated March 5th, 2007. An environmental impact assessment
was released in January 2004, in accordance to the law.


Guiro mine produced from 2011 until July 2013. According to unverified
information provided by Stremco, 18,267 tonnes at 8.58 g/t Au was processed in
2011, 21,904 tonnes at 9.46 g/t Au in 2012 and 9,490 tonnes at 6.69 g/t Au until
July 2013, when the operations stopped. All the historical data and information
above have not been verified and are not in accordance with NI 43-101 standards
for disclosure.


The Memorandum of Understanding specifies, amongst other matters, the following
provisions:




--  Provide Stremco with an amount of $600,000 CAD that will be used to
    clear Stremco's liabilities with a creditor of Stremco. This amount will
    be kept in trust until obtaining a final release and discharge from such
    creditor. 
--  Komet agrees to assume Stremco's existing debt towards Societe Generale
    des Banques of Burkina Faso, that currently amount to $2,174,300 CAD; 
--  Issue 3,000,000 common shares to Stremco, which represents less than 10%
    of the total number of shares issued and outstanding; 
--  Komet will grant Stremco a gross royalty of 2% of gold sales made above
    the amount of $1,300 CAD/ounce (spot price). The payment will be made in
    installments by Komet from the 6th month following the restart of
    production date of the Guiro mine, up to a maximum of 2,000,000 CAD).



The transaction must be approved by Komet's Board, Canadian regulatory and
market authorities and Burkina Faso government authorities. The memorandum of
understanding is valid until June 1, 2014.


Stremco is at arm's length with Komet.

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this
news release and is responsible for the technical information presented there,
including verification of the data disclosed. 


More information about the corporation is available 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.


Forward-Looking Statements

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: 
Investors relations and information:
Andre Gagne
President and CEO
581-300-1666
a.gagne@kometgold.com
Skype: andregagne11

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