Mr. James Nelson reports

CRUZ COBALT ENGAGES PRECISION GEOSURVEYS FOR BC COBALT WORK PROGRAM

Cruz Cobalt Corp. has secured the services of Precision GeoSurveys based out of British Columbia to conduct the airborne work program over Cruz's B.C. cobalt properties. The airborne survey is the first of several work programs that are being formulated.

James Nelson, president of Cruz, stated: "As we continue to witness the growing demand for ethically sourced cobalt within North America, Cruz is positioning itself as an industry leader with work programs under way on several high-quality projects. We plan to be active on all of our Canadian and U.S. cobalt projects in 2018. We are very optimistic about 2018 as we start the year with more cash in the bank than at any other time and cobalt prices at nine-year highs. Cruz looks to be one of the most active junior cobalt companies globally at a time of significant growth within the electric car industry, specifically battery metals. We look forward to meeting that need."

About Cruz Cobalt Corp.

Cruz currently has nine cobalt projects located throughout North America, comprising four in Ontario, three in British Columbia, one in Idaho and one in Montana. Cruz's four separate Ontario cobalt prospects are all located in the vicinity of the town of Cobalt, making Cruz one of the largest landholders in this emerging cobalt district. Cruz's Ontario projects include the 1,265-acre Coleman cobalt prospect, the 900-acre Johnson cobalt prospect, the 4,980-acre Hector cobalt prospect and the 1,580-acre Bucke cobalt prospect. The company's 4,935-acre War Eagle cobalt prospect in British Columbia covers a past-producing mine.