Mr. Jim Nelson reports

CRUZ COBALT PROPOSES PRIVATE PLACEMENT

Cruz Cobalt Corp. has arranged a non-brokered private placement of up to two million units at 22.5 cents per unit for gross proceeds of up to $450,000. Each unit will consist of one common share of the company and one transferable share purchase warrant, exercisable at 30 cents per share for a period of two years. There will be no finder's fee for this private placement. Proceeds will be used toward the company's working capital. Cruz filed a price reservation form with the TSX Venture Exchange on Dec. 6, 2017.

Cruz currently has nine cobalt projects located throughout North America, comprising four in Ontario, three in British Columbia, one in Idaho and one in Montana. Cruz's four separate Ontario cobalt prospects are all located in the vicinity of the town of Cobalt, making Cruz one of the largest landholders in this emerging cobalt district. Cruz's Ontario projects include the 1,265-acre Coleman cobalt prospect, the 900-acre Johnson cobalt prospect, the 4,980-acre Hector cobalt prospect and the 1,580-acre Bucke cobalt prospect. The company's 4,935-acre War Eagle cobalt prospect in British Columbia covers a past-producing mine.