10-Acre Parcel Under Contract at Iron Mask Industrial Park Signals Continued Momentum in Kamloops, B.C.

Growing interest in the 190-acre light industrial development highlights opportunities for businesses looking to establish or expand operations in Kamloops.

Kamloops, B.C. | October 26, 2026 – Comet Industries Ltd. (“Comet Industries”) is pleased to announce continued momentum at Iron Mask Industrial Park (“IMIP”), with Lot 1, a 10-acre parcel, now under contract in a proposed transaction valued at approximately $10.2 million.

The proposed transaction marks another significant milestone for the 190-acre light industrial development and builds on the previously announced $22-million sale of a 24.36-acre parcel representing approximately 22-acres of usable land in addition to the sale of a 1.25-acre parcel. Growing interest in the industrial park reflects its appeal to businesses seeking serviced industrial land, strong transportation connections, and room to expand in Kamloops.

“This is another exciting step forward for Iron Mask Industrial Park and a strong indication of the interest we're seeing in the development,” said Mike O'Reilly, President and CEO of Comet Industries. “We've worked hard to create a location that meets the needs of businesses looking to establish or expand their operations in Kamloops. With another major parcel under contract, we're seeing that vision continue to take shape.”

Strategically located within Kamloops’ city limits, IMIP offers convenient access to the Trans-Canada Highway (Highway 1) and Coquihalla Highway (Highway 5), connecting businesses to major transportation networks throughout British Columbia and beyond. The development is designed to accommodate a wide range of light industrial uses, with water, sewer, hydro, and natural gas services at lot lines, spacious road networks for commercial trucking, and flexible parcel configurations. The park also offers convenient access to downtown Kamloops, Kamloops Airport, and both CN and CP rail yards.

According to Blake Gozda, Senior Vice President, Industrial with Cushman & Wakefield, the development offers an attractive combination of location, infrastructure, and flexibility for businesses considering their next move.

“What has made Iron Mask Industrial Park particularly attractive to the businesses our team has been talking to is the ability to find industrial space that meets their needs today while allowing for future growth,” said Gozda. “The combination of serviced land, transportation access, and flexible lot sizes creates a compelling opportunity for companies looking to expand in the Kamloops region.”

With additional parcels available and options to combine lots to accommodate larger industrial operations, IMIP continues to position itself as an important part of Kamloops' future economic growth.

“We're excited about the momentum we're building and the opportunities ahead,” added O'Reilly. “Iron Mask Industrial Park is about supporting long-term business growth and amplifying new opportunities for companies to be part of Kamloops' future.”

Phase 1 is approximately 60% sold out. Businesses interested in exploring opportunities at Iron Mask Industrial Park are encouraged to visit www.ironmaskindustrialpark.ca or contact the sales team for information on current and future land availability.

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About Comet Industries Ltd.

Comet Industries Ltd. was established in 1972, incorporated in British Columbia, and is listed on the TSX Venture Exchange. The company holds and develops real estate properties in British Columbia, including land in Kamloops and Nelson Island. A major initiative of the company is the Iron Mask Industrial Park project. Visit: www.cometindustries.ca | LinkedIn

For further information or an interview, please contact:

Aleece Laird, Communications Liaison, aleece@amplifyinc.ca | 250.574.0221

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Comet Industries’ actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include statements that are not historical in nature.

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