Vancouver, British Columbia--(Newsfile Corp. - September 14, 2023) - Comstock Metals Ltd. (TSXV: CSL) ("Comstock" or the "Company") announces that effective September 18, 2023 the Company's exchange listing will be transferred to the NEX board of the TSX Venture Exchange as a result of an inability to maintain the requirements for a TSX Venture Exchange Tier 2 company in accordance with TSX Venture Exchange Policy 2.5. The trading symbol for the Company will change from CSL to CSL.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The Company continues to review opportunities that will qualify the Company to return to the TSX-V exchange.

Vancouver, British Columbia--(Newsfile Corp. - 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. The loan agreements have been entered into with companies controlled by Steven Goldman, the Company's Chief Executive Officer ($200,000) and Darren Urquhart, the Company's Chief Financial Officer ($10,000). The proceeds from the loans will be used to exercise 21,000,000 rights of MAS Gold Corp. ("MAS") (TSXV: MAS) held by the Company which expire on September 5, 2023, with each right entitling the holder to acquire one common share in the capital of MAS (each a "MAS Share") at an exercise price of $0.01 per MAS Share. Immediately following the exercise of the 21,000,000 MAS rights on or before 5:00 p.m. Toronto time on September 5, 2023, Comstock will own 47,095,000 MAS Shares.