The TSX Venture Exchange has accepted for filing documentation pertaining to an agreement dated Oct. 3, 2018, between Voltaic Minerals Corp. and L2 Cobalt Inc., pursuant to which the company acquired all of the issued and outstanding shares of L2 Cobalt in exchange for the issuance of 4.8 million shares of the company.

L2 Cobalt has the right to acquire under option a total of 378 highly prospective federal unpatented lode claims in Silver Bow county in Montana which total 7,560 acres.

Sixty-five of the claims that L2 Cobalt has rights to are optioned under the Soap Gulch property option agreement dated Feb. 26, 2018, with 1132144 B.C. Ltd., which grants to L2 Cobalt the right to earn 100-per-cent interest in the Soap Gulch property in Montana. The underlying claims are owned by the BLK Group, comprising three individuals.

The option payments to 1132144 B.C. to earn a 100-per-cent interest in the mineral claims listed in the Soap Gulch option include:

• Pay $150,000 and issue 500,000 company common shares within seven days of TSX Venture Exchange approval of the transaction;
• Pay $50,000 and issue $250,000 in value of company common shares on the one-year anniversary of the approval date;
• Pay $25,000 and issue $500,000 in value of company common shares on the two-year anniversary of the approval date.

On Nov. 23, 2018, Voltaic, L2 Cobalt, 1132144 B.C. and the BLK Group entered into an option assumption agreement, where the BLK Group and 1132144 B.C. agreed that they will accept payments from and shares of Voltaic in payment of the obligations outstanding under the various option agreements as described above.

Insider/pro group participation:  Daryl Jones, director, president and chief executive officer of the company, is also a shareholder of L2 Cobalt. Mr. Jones's spouse, Danae Jones, is also a shareholder of L2 Cobalt.

For additional information, please refer to the company's news releases dated Oct. 11, 2018, and Feb. 20, 2019.