KMT Komet Resources Inc

Komet Resources Inc. ("Komet") (TSX VENTURE:KMT) is pleased to announce the
results of its annual general meeting of shareholders that took place on May 22,
2014 (the "Meeting"). For reference purposes, a total of 43.8 percent of Komet's
issued and outstanding common shares (representing 14,822,000 common shares)
were represented at the Meeting. Komet shareholders, present at the Meeting or
through proxy, voted unanimously in favor of the following: i) the financial
statements for the fiscal year ending September 30, 2013 and its related
auditor's report; ii) the reappointment of auditors Brunet Roy Dube, CPA, LLP,
until the next annual general meeting and the authorisation by the Board of
Directors to fix the auditor's remuneration, and iii) the appointment of Robert
Wares, Andre Gagne et Marcel Robillard as directors. Finally, Komet shareholders
also approved with 96.52 percent of the vote the appointment of Pierre
Labrecque, Leo Patry et Michel Lebeuf Jr. as directors.


New committees

At a meeting prior to the annual general meeting, Komet's directors created
three internal committees, which are i) a Governance Committee comprising Michel
Lebeuf Jr. acting as the president, as well as Roby Begin et Leo Patry, ii) a
Technical Committee chaired by Robert Wares and supported by Marcel Robillard
and Andre Gagne, and iii) an Audit Committee chaired by Pierre Labrecque
assisted by Leo Patry and Roby Begin.


Issuance of stock options 

Komet has a Stock Option Plan under which the Board of Directors issued 3.1
million options to purchase common shares at an exercise price of $0.475, among
which 2.3 million have been granted to the Directors.


Resignation of Mr. Pierre Labrecque and appointment of Mr. Roby Begin as a
substitute. 


For good governance reasons, Mr. Pierre Labrecque submitted his resignation as
director but keeps his position of Chief Financial Officer (CFO). The Board of
Directors then proceeded with the appointment of Mr. Roby Begin as director
until the next annual general meeting of Komet shareholders. Mr. Begin is a
Komet shareholder and a successful businessman from the Beauce region of Quebec,
and the Board will no doubt benefit from his managerial skills.


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

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