Mr. Akash Patel reports

CAMEO RESOURCES CORP. EFFECTS 3-FOR-1 FORWARD STOCK SPLIT AND CHANGES NAME TO CAMEO COBALT CORP.

Cameo Resources Corp.'s common shares will be split on a one-old-for-three-new basis. The company is also pleased to report it will also change its name to Cameo Cobalt Corp. Cameo's name change reflects the company's new strategic focus on energy metals exploration. The company's trading symbol, CRU, will remain unchanged.

Effective at the opening on Friday, May 25, 2018, the common shares of Cameo Cobalt will commence trading on a split basis on TSX Venture Exchange. Common shareholders of record at the close of business on May 28, 2018, will be mailed additional certificates. The new certificates will be mailed on or about May 31, 2018. The pushout method will be used to effect the split.

Outstanding stock options and share purchase warrants will also be adjusted by the forward split ratio, and the respective exercise prices of outstanding stock options and share purchase warrants will be adjusted accordingly. Shareholders of the company, with or without a physical share certificate, do not need to take any action with respect to the forward split. The company's transfer agent will send registered owners of common shares a share certificate or DRS advice which will represent the additional number of common shares to be received as a result of the forward split.

After the split Cameo will have 55,674,156 shares issued and outstanding.