Mr. Simon Clarke reports

M2 COBALT DISCOVERS LARGE SCALE NI, CO AND CU ANOMALY AT ITS BOMBO TARGET

Results from rock and soil sampling and high-resolution ground magnetics have confirmed the discovery of a large-scale nickel-cobalt-copper anomaly at Bombo, one of M2 Cobalt Corp.'s principal exploration targets at its Bujagali licences in south-central Uganda.

The soil samples collected at Bombo delineate a well-defined nickel, cobalt and copper anomaly of approximately 1,200 metres by 900 metres. The soil anomaly closely mimics a well-defined magnetic high confirmed by high-resolution ground magnetics carried out by the company's ground geophysics teams.

Soil samples which form the anomaly comprise: 91 samples with more than 101 parts per million nickel including 13 samples with between 0.1 per cent nickel and 0.16 per cent Ni; 86 samples with more than 100 ppm cobalt including eight samples with between 206 and 416 ppm cobalt; and, elevated platinum, palladium and chromium in soils coincidental with the nickel anomaly. In addition to the soil samples, rock grab samples contain anomalous nickel (0.15 per cent Ni) anomalous cobalt (0.14 per cent to 0.65 per cent Co) and, anomalous copper (0.05 per cent to 0.4 per cent Cu). The results are believed to be indicative of ultramafic host rocks containing sulphides. Anomalous rock samples were either breccias or ultramafic rocks.

        ROCK GRAB SAMPLE HIGHLIGHTS -- BOMBO TARGET

Rock grab                 Cobalt*    Copper*             Nickel*
sample ID                     (%)        (%)                 (%)

P871732                     0.65%       0.4%              0.013%
P869039                      0.4%      0.05%              0.018%
P869008                     0.18%      0.29%               0.15%
P869002                     0.13%      0.33%               0.04%
P869049                     0.11%      0.01%              0.013%
P869050                     0.14%      0.01%              0.013%
 
* Rock grab samples are selective by nature and are unlikely 
to represent average grades on the property.

All samples were sent to ALS Chemex South Africa Pty. Ltd., an independent and fully accredited laboratory in South Africa, for analysis for gold multielement induction coupled plasma spectroscopy. M2 Cobalt also has a regimented quality assurance, quality control program where at least 10 per cent duplicates and blanks are inserted into each sample shipment.

Infill sampling has now been completed at Bombo to better define the anomaly ahead of large-scale trenching and targeted drilling to test mineralization at depth. This next phase of the program is expected to start shortly.

Dean Besserer, PGeol, the company's technical adviser and exploration program manager, stated: "Having already collected more than 3,600 soil and rock samples at the Bujagali property, we are focused on our plans to advance multiple anomalies to a drill-ready stage. With only a small portion of analytical results received to date, it is extremely encouraging to see such a large anomalous discovery this early on."

Simon Clarke, chief executive officer, stated: "These are significant early finds for the company. We are excited to take the next steps to further delineate this large-scale anomaly and to position this area for a focused drilling program, in line with the company's stated goal of attaining early resource numbers on its properties. At the same time, we are also continuing our overall work programs and anticipate building further on this initial discovery as our crews move onto our other licences at Bujagali and as our programs start to unfold at our Kilembe-area properties."

About M2 Cobalt Corp.

M2 Cobalt is focused on discovering and developing world-class cobalt assets (and related minerals) to help address the growing deficit in the supply of cobalt globally.

The technical content of this news release has been reviewed and approved by Mr. Besserer, a qualified person as defined by National Instrument 43-101.

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