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File: 11 22   Financing .pdf

                                                                           CBLT: TSX-V

                                     CBLT FINANCING

Burlington, ON. November 22, 2017. CBLT Inc. ("CBLT) announces a non-brokered financing
which will consist of:

        (a) up to $50,000 in Common Share Units, each priced at $0.08 (eight cents), with each
       Common Share Unit consisting of one common share and one common share purchase
       warrant. Each common share purchase warrant shall be exercisable for an 18-month
       period at $0.10 (ten cents); and

       (b) up to $100,000 in Flow-through Units, each priced at $0.10 (ten cents), with each
       Flow-through Unit consisting of one common share issued on a flow-through basis (the
       "Flow-through Share") and one common share purchase warrant exercisable for an 18-
       month period at $0.12 (twelve cents).

Proceeds from the sale of the Flow-Through Units will be used for "Canadian Exploration
Expenses" which qualify as "Flow-Through Mining Expenditures" for the purposes of the
Income Tax Act (Canada) and the Company will renounce such expenses with an effective date
no later than December 31, 2017.

Proceeds from the Offering generally will be used for community engagement, exploration, data
compilation, drilling, all with a focus on cobalt, and for general purposes and administration
costs.

Where applicable, a finder's fee may be paid of 7% cash and 7% in broker warrants, with such
broker warrants having the same characteristics as the underlying securities for which they have
been issued.

The Offering will take place by way of a private placement to qualified investors in those
jurisdictions where the Offering can lawfully be made. The securities to be issued under the
Offering will be subject to a minimum regulatory four month and one day hold period, from the
closing. Closing is anticipated to take place on the obtaining of regulatory approval.

Forward Looking Statements

This news release contains certain statements that constitute forward-looking statements as they
relate to the Company and its management. Forward-looking statements are not historical facts but
 represent management's current expectation of future events, and can be identified by words such as
"believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues"
and similar expressions. Although management believes that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance that they will prove to be
correct.

By their nature, forward-looking statements include assumptions and are subject to inherent risks
and uncertainties that could cause actual future results, conditions, actions or events to differ
materially from those in the forward-looking statements. If and when forward-looking statements are
set out in this new release, the Company will also set out the material risk factors or assumptions
used to develop the forward-looking statements. Except as expressly required by applicable
securities laws, the Company assumes no obligation to update or revise any forward-looking
statements. The future outcomes that relate to forward-looking statements may be influenced by
many factors, including, but not limited to: reliance on key personnel; risks of future legal
proceedings; income tax matters; availability and terms of financing; distribution of securities; effect
of market interest rates on price of securities, and potential dilution.

About CBLT Inc.

CBLT Inc. is a Canadian mineral exploration company with a proven leadership team, looking to
build an ethical supply chain for cobalt in reliable mining jurisdictions. CBLT is well-poised to
deliver real value to its shareholders.

On Behalf of the Board of Directors
CBLT INC.

"Peter M. Clausi"

Peter M. Clausi
CEO and Director

For Further Information:
Peter M. Clausi
pclausi@cbltinc.com
1 905-681-1925 x2
1 416-890-1232


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.