Mr. Peter Clausi reports

FURTHER STRONG COBALT AND GOLD VALUES AT CBLT'S FLAGSHIP SUDBURY PROJECT

CBLT Inc. has provided results on additional sampling completed on the Copper Prince property in Sudbury, Ont. These results are in addition to the results reported Jan. 15, 2018.

Grab sample highlights include sample 616311 that returned 54.3 grams per tonne gold, 0.50 per cent cobalt; sample 616313 that returned 12.8 g/t Au, 0.47 per cent Co; and sample 616318 that returned 4.31 g/t Au, 0.44 per cent Co.

During November, 2017, CBLT collected nine grab samples and 38 soil samples from Ed's Watering Hole (EWH) at the south end of the property. The nine grab samples were taken at random from bedrock at EWH. The soil samples were taken methodically from two established grid lines, one to the north and one to the south of EWH. The goal of the program was to gather further insight into the surface expressions of the known mineralization.

"We are extremely pleased with how this property continues to reveal itself to us," said Peter M. Clausi, CBLT's chief executive officer. "Today's results combine with the results from the diamond drill program and the OGS's results to show what we believe to be a continuity of gold and cobalt mineralization in the quartz veinworks."

Grab sample highlights include sample 616311 that returned 54.3 g/t Au, 0.50 per cent Co; sample 616313 that returned 12.8 g/t Au, 0.47 per cent Co; and sample 616318 that returned 4.31 g/t Au, 0.44 per cent Co. The grab sample results are provided in the attached table.

 COPPER PRINCE GRAB SAMPLES

Samples   Au (g/t)   Co (ppm)

616311       54.3      5,020  
616312      0.507       85.5  
616313       12.8      4,710  
616314      0.163        250   
616315      0.753        284   
616316      0.005       64.5  
616317      0.463        537   
616318       4.31      4,420  
616319      0.795      2,820  

The 38 soil samples were taken at 12.5-metre intervals. Grid lines, oriented east-west, were approximately 200 metres in length, with one line located 100 metres north of Ed's Watering Hole, and the other 50 metres south of Ed's Watering Hole. Soil values ranged from 81 to 843 parts per billion Co; however, CBLT management believes additional sampling is required to accurately interpret these results. CBLT intends to carry out that additional sampling in the 2018 field season, with a view to completing a phase 2 diamond drilling program in the latter part of 2018. The grab and soil samples are selected samples, and are not necessarily representative of the mineralization hosted on the property. An updated map will soon be available at CBLT's website.

Quality assurance/quality control

Samples were collected, assigned a sample ticket with a designated number and sealed in a plastic bag. The samples were then placed in a rice bag with a secure locking strap and shipped by a bonded courier to AGAT Laboratories Ltd.'s facility located in Mississauga, Ont. AGAT is accredited to ISO/IEC 17025 by Standards Council of Canada.

Once the grab sample is received by AGAT, the grab sample is assigned an internal sample number, weighed, crushed and 250 grams of the homogenized material are then pulverized. Gold, platinum and palladium analysis is performed using a 30-gram fire assay fusion followed by an inductively coupled plasma and optical emission spectrometry (ICP-OES) finish. The ranges for said elements are as follows: gold 0.001 part per million to 10 ppm, platinum 0.005 ppm to 10 ppm, palladium 0.001 ppm to 10 ppm. Samples with gold values that are greater than the upper limit (10 ppm) were reanalyzed using a 50 g fire assay fusion with gravimetric finish. Additional analyses include a 22-multielement package by sodium peroxide fusion followed by ICP-OES finish, silver analysis by aqua regia digestion followed by AAS finish.

For the soil samples, once received by AGAT, 50 g of the sample is weighed out. An EDTA solution (ethylenediaminetetraacetic acid) is then added, agitated and allowed to settle for a period of approximately 12 hours. The solution is then analyzed by inductively coupled plasma and mass spectrometry (ICP-MS) finish.

QA/QC samples were not inserted as the program was reconnaissance in nature, and CBLT has relied upon AGAT's internal QA/QC for control.

Qualified person

The soil and grab samples were collected by, and the technical content of this news release has been reviewed and approved by, Joerg Kleinboeck, PGeo, an independent consulting geologist and a qualified person as defined in National Instrument 43-101.

Update on agreements with Winmar Resources

CBLT also announces that it has signed formal documentation on its previously announced with Winmar Resources Ltd. (see CBLT's press release of Dec. 6, 2017) related to the sale and option of certain unpatented mining claims in the Cobalt-Gowganda silver camp in Ontario, Canada. CBLT expects to close on the agreements in the immediate future. CBLT thanks Winmar for the smooth transactions and looks forward to a long mutually profitable relationship.

CBLT is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining jurisdictions. CBLT continues to be a project generator and an efficient steward of its shareholders' capital.

We seek Safe Harbor.