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Discovering by producing Produire pour dcouvrir Investor Presentation March 2017 CONFIDENTIALITY AGREEMENT This presentation contains forward-looking statements Forward-looking statements involve known and unknown risks, uncertainties


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Discovering by producing…

Produire pour découvrir…

Investor Presentation March 2017

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CONFIDENTIALITY AGREEMENT

This presentation contains forward-looking statements

Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as “projected”, “initial”, “targeted”, “expected”, “anticipated”, “estimates”, “potential”, “priority”, “objective”, “aim”, “continuing”, “planned”, “designed to”, “in order to”, “achieve”, “envisaged”, ‘will”, “committed”, “evolve”, “become”, “pursuing”, “growth”, “opportunities” and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include the ability to achieve our 2016 production guidance, the accuracy of our assumptions, the ability to execute on our strategic focus, fluctuation in the price of currencies, gold or operating costs, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays, political and social stability in Africa (including our ability to maintain or renew licenses and permits) and other risks described in KOMET’s documents filed with Canadian securities regulatory authorities. You can find further information with respect to these and other risks in KOMET’s 2015 Annual MD&A, and other filings made with Canadian securities regulatory authorities and available at www.sedar.com. These documents are also available on our website at http://kometgold.com. KOMET disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law. We also advise you that the terms “Inferred Resources” and “Indicated Resources”, although recognized and required by the Canadian Securities Administrators, are not recognized by the US Securities and Exchange Commission. There is no certainty that Inferred Resources or Indicated Resources will be economically mineable. All mineral resources are exclusive of mineral reserves. In this presentation, All amounts are in Canadian Dollars (CAD) unless otherwise indicated.

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COMPANY OVERVIEW

DISCOVERING BY PRODUCING…

Komet’s philosophy, Discovering by producing, represents our plans to use cash flow from the small-scale mining operation to fund future exploration of the project. 2015 – Reconstruction of the Guiro Mine November 2015 – Relaunch of the gravimetric mill May 2016 – Production of about 4 kilos per month (break even at 4 kilos) End of summer 2016 – Ramp up to 10 kilos per month 2017 – Production of 30 kilos per month

Profits used to fund exploration of the property with healthy blue sky potential.

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BOARD OF DIRECTORS

President of the Order of Geologist of Quebec Founder of Osisko Mining (Sold to Yamana Gold and Agnico Eagle for $3.9B CAD in 2014)

ROBERT WARES

Chairman of the Board

MARCEL ROBILLARD

President of PUMA

PIERRE COLAS

Former Financing Director at Desjardins and Industrial Alliance

ROBY BÉGIN

Founder, Les Aliments Bégin

ANDRÉ LEBEL

Osisko Legal VP

ANDRÉ GAGNÉ

President / CEO

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ALBERT WILDGEN

Advisor to the board

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71% 29%

CAPITAL STRUCTURE

Exchange TSX.V: KMT Share Price* CAN$0.40 Market Cap* CAN$26.48M 52-Week Range (low-high) CAN$0.29-0.59 Shares Outstanding 66,195,731 Warrants (Expiration on April 28 and June 14, 2017) 4,253,786 Stock Options 4,100,000 Fully Diluted Share Capital 74,549,517 Management and Insiders Retail Investors

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Corporate Offices:

  • Québec, Canada

(Headquarters)

  • Ouagadougou,

Burkina Faso

*As of February 27, 2017

2016 Financing – Total of $6.1M CAD:

  • April 29– 1st tranche of $600,879 at $0.33 with 1yr warrants at $0.45
  • June14 – 2nd tranche of $802,870 at $0.33 with 1yr warrants at $0.45
  • July 18 – Closing of $4,726,644 at $0.36 with no warrants

Share Price Chart

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BURKINA FASO – EXISTING GOLD MINES

*Resource estimates

  • First mine started in 2006
  • Many new discoveries

throughout the country

  • 3 in construction
  • 10 in production
  • Mining Majors:
  • IAMGOLD
  • Nordgold
  • Endeavour
  • Ashanti
  • Semafo

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THE GUIRO/DIOUGA PROPERTY

PROPERTY AREA Guiro Mine

The property lies within the Bouroum-Yalogo belt and is located along the Markoye fault zone which is host to significant mines and gold deposits including Essakane and Taparko.

7 Markoye fault

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MINE NE DE GUIRO – RESTORAT ATION N OF THE VAT AT LEAC ACHING NG

Before…

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AF AFTER KOMET RESTORAT ATION Pad mis au niveau et élargi, cuves enlignées, tuyauterie refaite au complet, percolation par en dessous…

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GUIRO MINE – ACTUAL RESOURCE

Gain of 30% after the 2015 drilling campaign

Compared to the historical data

Technical Report 43-101 – June 2016

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Resource Category Tonnage Gold (kg) Grade (g/t) Gold (oz) Width (m) Length (m) Depth (m) Inferred 430,000 3,687 8.6 118,500 2.4 Level 1 115,000 859 7.5 27,600 2.6 800 0 to 30 Level 2 77,000 705 9.2 22,700 2.7 800 30 to 62 Level 3 23,000 181 8.0 5,800 2.7 800 62 to 91 Level 4 63,000 596 9.5 19,200 2.4 800 91 to 126 Level 5 30,000 288 9.5 9,300 2.4 800 126 to 156 Under Level 5 123,000 1,059 8.6 34,000 2.4 800 156 to 232

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GUIRO MINE – UNDERGROUND PRODUCTION

Vein at level 4 Vein at level 3

Average of 8 g/t Au

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Production increasing every month

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GUIRO MINE – PRODUCTION ADVANCEMENT

DEVELOPMENT OF LEVEL 5 IN 2016

Level 4 > Level 5 >

Shaft

Level 4 > Level 5 > 12

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GUI GUIRO MI MINE – EQUIPMENT AC ACQUISITION FOR PRODUCTION OPTIMIZAT ATION

Gravimetric diagram

3 KNELSONS BALL MILL ACACIA

NEW KC-CD10 NELSON NEW KC-CD10 NELSON EXISTING KC-CD10 NELSON NEW ADAPTED SCREEN NEW ADAPTED SCREEN 370 KW BALL MILL 10 T/H NEW MODULE CS250 NEW ELECTROW. CS250-EW

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GUIRO MINE – PRODUCTION MILESTONES

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ü 2015 – Reconstruction of the Guiro Mine ü November 2015 – Relaunch the gravimetric mill ü May 2016 – Production of about 4 kilos per month (break even at 4 kilos) ü End of summer 2016 – Ramp up to 10 kilos per month q 2017 – Production of 30 kilos per month

  • 150 tons/day (small scale production permit granted)
  • Average of 8 g/t Au
  • 95% recovery
  • 12,700 oz per year when at 30 kilos/month
  • $11.5M CAD estimated profit per year at a gold price of

about $1,600 CAD (*,**)

*Please note, Komet is not basing its production decisions/strategy on a feasibility study of mineral reserves demonstrating economic and technical viability. **Government is subject to a 5% royalty payment

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Actual Expansion*

GUIRO EXPLORATION

GROWTH OPPORTUNITIES

Historical reserves: Diouga A15 29,100 t @ 6.5 g/t Gangaol F1 8,700 t @ 4.2 g/t Gangaol F2 37,000 t @ 2.5 g/t Bayildiaga 1 700 t @ 2.7 g/t Bayildiaga 2 2,000 t @ 6.1 g/t Bindere To be explored Bouna To be explored Malorie To be explored

Ø 90% of the property is still unexplored and the last drilling results are from 1995 Ø Komet applied to expand from 65 km2 to 495 km2 (*in process on being granted) Ø Nine other veins identified on the property

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Guiro Mine

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HIGHLY PROSPECTIVE VEINS

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Veins visible at surface… potential for low cost, open pit opportunities

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GUIRO EXPLORATION – MILESTONES

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ü Nov 2016 – Geochemistry - 2700 soil samples (1m deep) in a mesh of 100 x

100m, there is a supply of 1300 samples to shrink the mesh for anomaly zones.

ü Feb 2017 – Geophysics – Airborne survey of 5200 km of lines spaced at 150m

in electromagnetic (VTEM, time domain) and magnetic (including a horizontal mag gradient).

q Mar 2017 – Core drilling - 2000m of drilling in the mine at level 3 and 4 to

specify the mineralized zones of the non-mined extensions East, West and Level 5.

q Mar 2017 – Drilling campaign on new targets based on airborne survey results.

*Please note, Komet is not basing its production decisions/strategy on a feasibility study of mineral reserves demonstrating economic and technical viability.

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NEW ACQUISITION IN MALI – JUNE 2016

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Dabia South

Dabia South (formerly knowned as Moussala) is located in the southern half of the Senegalo- Malian deformation zone, which is comprised of numerous world class gold deposits.

  • Tabakoto mine in 2010
  • Gounkoto mines, part of RandGold’s Loulo-

Gounkoto mining complex (2011-2012)

  • Hummingbird’s Yanfolila mine is forecasted

to commence production in early 2017 Results from previous exploration shows a lot of potential with the property covering 35 km2.

Next Step: Drilling campaign to define resource 50% completed as of Feb 2017 (41 holes total)

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KOMET SUMMARY

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Ø Profitable gold explorer and small scale producer

Ø Guiro mine produced 23.5 kilos in Q3 2016 and 26.6 kilos in Q4. Ø Ramping up production to 12,700 oz per year when at 30 kilos/month

($11.5M CAD estimated profit per year at a gold price of about $1,600 CAD)

Ø Comfortable cash position to ramp up production and advance

exploration (no further dilution expected)

Ø Portfolio of exploration assets for further growth in proven

geographies where majors are successfully producing

Ø Experienced team with proven track record (Osisko Mining sold to

Yamana Gold and Agnico Eagle for $3.9B CAD in 2014)

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Contact Information Komet Resources Inc. 1191 De Montigny Quebec, QC, Canada G1S 3T8 Phone: +1-581-300-1666 Email: info@kometgold.com http://kometgold.com/en