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Comstock Metals Ltd.

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Comstock Announces Loan Agreement and Intention to Exercise 21,000,000 Rights to Purchase MAS Gold Shares

Vancouver, British Columbia - August 31, 2023 - Comstock Metals Ltd. (TSXV: CSL) ("Comstock" or the "Company") is pleased to announce that it has entered into loan agreements dated as of August 31, 2023 to borrow an aggregate of $210,000.

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Comstock Metals Ltd and MAS Gold Corp. Complete Sale of Preview SW Property

Vancouver, BC – March 31, 2022 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock”) and MAS Gold Corp. ("MAS Gold” - TSX.V: MAS) are pleased to announce that, they have completed the sale by Comstock of 100% of its interest in its Preview SW Gold Project and property (“Preview SW Property”) to MAS Gold in consideration of the issuance of 30,000,000 common shares in MAS Gold (the "Consideration Shares").

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Comstock Metals Ltd and MAS Gold Corp. Provide Corporate Update

Vancouver, BC – March 7, 2022 – Comstock Metals Ltd. (TSX-V: CSL) (“Comstock”) and MAS Gold Corp. (“MAS Gold” – TSX.V: MAS) are pleased to provide a corporate update. Comstock is pleased to report that, at its Annual General and Special Meeting held on March 4, 2022, all of the resolutions proposed by management were overwhelmingly approved by shareholders, including:

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8,000m Drill Program Initiated on MAS Gold’s Preview-North Property and Comstock’s Preview SW Property

Vancouver, January 20, 2022 – MAS Gold Corp. (“MAS Gold” – TSX.V: MAS) and Comstock Metals Ltd. (“Comstock” – TSX-V: CSL) are pleased to announce the commencement of a drill program on MAS Gold’s Preview-North Property and Comstock’s Preview SW Property in the La Ronge Gold Belt, Saskatchewan

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MAS Gold Corp. and Comstock Metals Ltd. Sign Definitive Agreement for MAS Gold to Acquire 100% of Comstock’s Preview SW Gold Project MAS Gold Releases Greywacke North and North Lake 2021 Mineral Resource Updates La Ronge, Saskatchewan

Vancouver, January 17, 2022 - MAS Gold Corp. ("MAS Gold” - TSX.V:MAS) and Comstock Metals Ltd. (“Comstock” – TSX-V: CSL) are pleased to announce that, further to the news release dated December 14, 2021, they have signed a definitive agreement pursuant to which Comstock has agreed to sell 100% of its interest in its Preview SW Gold Project and property (“Preview SW Property”) to MAS Gold in consideration of the issuance of 30,000,000 common shares in MAS Gold (the "Proposed Transaction").

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MAS Gold Corp. and Comstock Metals Ltd. Sign Letter of Intent for MAS Gold to Acquire 100% of Comstock’s Preview SW Gold Project La Ronge, Saskatchewan

Vancouver, December 14, 2021 - MAS Gold Corp. ("MAS Gold” - TSX.V: MAS) and Comstock Metals Ltd. (“Comstock” – TSX-V: CSL) are pleased to announce the signing of a non-binding letter of intent under which Comstock has agreed to sell 100% of its interest in its Preview SW gold deposit and property (“Preview SW Property”) to MAS Gold in consideration of the issuance of 30,000,000 common shares in MAS Gold (the "Proposed Transaction").

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Comstock Options Grant

Vancouver, BC – October 26, 2021 - Comstock Metals Ltd. (TSX-V: CSL) (“CSL” or the “Company”) announced today that certain officers and directors have been issued an aggregate of 1,100,000 options pursuant to the Company’s option plan effective October 25, 2021 with each such option being exercisable into one common share at an exercise price of $0.09 at any time on or before the October 25, 2026. The options vest immediately upon grant.

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Comstock Announces Closing of Non-Brokered Private Placement of Units and Flow-Through Units

Vancouver, BC – October 1, 2021 - Comstock Metals Ltd. (TSX-V: CSL) (“Comstock” or the “Company”) is pleased to announce that it is has closed previously disclosed proposed non-brokered private placement of units ("Units") and flow-through units ("FT Units") (see press release dated September 28, 2021) for aggregate gross proceeds of $388,900.

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