Pursuant to a resolution dated March 31, 2017, Arak Resources Ltd. has changed its name to Cobalt 27 Capital Corp. and has split on a 3:1 basis.

The common shares of the company will commence trading on a split basis at the opening on April 10, 2017. The company is classified as a mining company.

Postsplit

Capitalization:  unlimited shares with no par value of which 33,048,381 shares are issued and outstanding

Transfer agent:  TSX Trust Company

Old symbol:  AAC

New symbol:  KBLT

New Cusip No.:  19075M101