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File: GCO New Release - Appointment ofInterim CEO and CFO (01287883xB87D3).docx

GLOBAL COBALT APPOINTS CEO AND INTERIM CFO
VANCOUVER, BC / THE NEWSWIRE / JANUARY 28, 2016 / GLOBAL COBALT CORP. (TSXV:GCO, OTCBB:GLBCF, FRA:3P0) ("Global Cobalt
--->" and/or the "Company") is pleased to announce that at a meeting of its directors held on January 26, 2016, Andrey Mel
--->nikov was appointed as the Company's Chief Executive Officer and Alexei Musteatsa was elected as the Company's Interim
---> Chief Financial Officer, effective immediately.

Mr. Melnikov has been the Director of Engineering for Uranium One Group, one of the world's largest uranium producers,
---> since January 2015.  Previous to that, he was a director of Infoprof Mining Consulting, from September 2013 to Decemb
--->er 2014, and Chairman and a director of SRK Consulting (Russia) from August 2006 to September 2013.
Mr. Musteatsa is an executive director with Imperial Mining Holding Company, the principal shareholder of Global Cobal
--->t.
Global Cobalt Corporation:
Global Cobalt Corporation is a publicly traded Canadian resource company that was founded in 2007.  The Company is foc
--->used on the development of the Karakul Cobalt Property, located in the Altai Republic, Russia.
For Further Information:
Email: info@globalcobaltcorp.com 
www.GlobalCobaltCorp.com


Cautionary Statement on Forward-Looking Information:  
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applic
--->able securities laws, concerning the business, operations and financial performance and condition of the Company.  All
---> statements, other than statements of historical fact, are forward-looking statements.  Forward-looking statements inv
--->olve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate, and a
--->ctual results and future events could differ materially from those anticipated in such statements.  Factors that could
---> cause actual results to differ materially from our expectations include the need to obtain permits and governmental a
--->pprovals; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, non-complian
--->ce with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recover
--->y rates; unexpected cost increases; fluctuations in metal prices and currency exchange rates; the impact of economic s
--->anctions on companies conducting business in Russia and North America; and other risk and uncertainties disclosed in r
--->eports and documents filed by the Company with applicable securities regulatory authorities from time to time.  The fo
--->rward-looking statements made in this news release reflect management's beliefs, opinions and projections on the date 
--->the statements are made.  Except as required by law, Global Cobalt assumes no obligation to update the forward-looking
---> statements of beliefs, opinions, projections, or other factors, should they change.

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.