Mr. Brian Howlett reports

COGITORE RESOURCES ANNOUNCES PROPOSED CONSOLIDATION AND NAME CHANGE

Cogitore Resources Inc. is proposing to consolidate its issued and outstanding common shares, and to change the name of the company from Cogitore Resources to CR Capital Corp. Additional information relating to the proposed consolidation and name change is included in the management information circular of the company dated Nov. 24, 2014, which is available on the company's SEDAR profile.

Cogitore has mailed the circular with respect to its special meeting of shareholders scheduled for Dec. 22, 2014. As part of that meeting, shareholders will be asked to approve a special resolution to amend the articles of the corporation to consolidate the issued and outstanding common shares on the basis of one postconsolidation common share for every 10 preconsolidation common shares. Shareholders will also be asked to approve a special resolution to change the name of the company from Cogitore Resources to CR Capital, or such other name as the board of directors may, in its sole discretion, determine to be appropriate, subject to regulatory approval. In addition, and as further described in the company's news releases dated Oct. 21 and Nov. 25, 2014, shareholders will be asked at the meeting to approve a special resolution authorizing the sale of the company's exploration properties and assets to Yorbeau Resources Inc., the completion of which will constitute the sale of substantially all of the assets of the company. Additional information with respect to the consolidation, name change and sale of the mining assets is described in further detail in the circular.

There are currently 83,273,365 common shares issued and outstanding. Upon the consolidation becoming effective, it is expected there will be approximately 8,327,336 postconsolidation common shares in the capital of the company issued and outstanding.

The board of directors of the company has concluded that the consolidation would be in the best interests of the shareholders, as it could lead to increased interest by a wider audience of potential investors, and could better position the company to obtain financing and pursue acquisition opportunities. The consolidation, name change and sale of the mining assets are subject to shareholder and regulatory approval, including the approval of the TSX Venture Exchange.

We seek Safe Harbor.