Ms. Betty LeBlanc reports

COBALT 27 CLOSES C$300 MILLION BOUGHT DEAL OFFERING OF COMMON SHARES

Cobalt 27 Capital Corp. has closed its previously announced bought deal offering, pursuant to which a total of 30.8 million common shares of the company were sold at a price of $9.75 per common share for aggregate gross proceeds of approximately $300-million. The offering was underwritten by a syndicate of underwriters led by TD Securities Inc., Credit Suisse (Canada) Inc., BMO Capital Markets and Scotiabank as bookrunners, National Bank Financial Inc. as co-lead underwriter, and including RBC Capital Markets, Haywood Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc. and Eight Capital.

Cobalt 27 has also granted the underwriters an overallotment option, exercisable in whole or in part, at any time up to 30 days following June 27, 2018, to purchase up to an additional 4.62 million common shares at the issue price.

The net proceeds of the offering will be used, along with the company's cash on hand, to finance the acquisition by the company of a $300-million (U.S.) cobalt stream from a subsidiary of Vale SA. On June 11, 2018, the company announced it had entered into an agreement with Vale to acquire an amount of finished cobalt equal to 32.6 per cent of the cobalt production from Vale's Voisey's Bay mine, including from the proposed Voisey's Bay mine expansion, commencing Jan. 1, 2021, for upfront cash consideration of $300-million (U.S.). The upfront cash consideration will represent a prepayment of a portion of the purchase price for the sale of cobalt to Cobalt 27. As at March 31, 2018, the company had approximately $195-million of cash on hand.

The common shares issued under the offering were issued pursuant to a short-form prospectus dated June 21, 2018, that was filed with securities regulatory authorities in all provinces and territories of Canada, and also offered by way of private placement into the United States pursuant to Rule 144A and other jurisdictions where exempt from any prospectus, registration or other similar requirements.

About Cobalt 27 Capital Corp.

Cobalt 27 Capital is a battery metal streaming and royalty company offering direct exposure to cobalt, an integral element in key technologies of the electric vehicle and battery energy storage markets. The company owns over 2,982 metric tonnes of physical cobalt and is acquiring the world's first producing cobalt nickel stream on the low-cost, long-life Ramu nickel-cobalt mine and a cobalt stream on Vale's world-class Voisey's Bay mine, beginning in 2021, including the announced underground expansion. The company also manages a portfolio of 10 royalties and intends to continue to invest in a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt, while potentially adding to its cobalt physical holdings when opportunities arise.

We seek Safe Harbor.