Mr. Trent Mell reports

FIRST COBALT CORPORATE UPDATE

First Cobalt Corp. independent director Ross Phillips has resigned from the company's board of directors to pursue other opportunities. Mr. Phillips has been invaluable to building First Cobalt into a vertically integrated North American cobalt company and the company thanks him for his contributions.

About First Cobalt Corp.

First Cobalt is a vertically integrated North America pure play cobalt company. First Cobalt has three significant North American assets: the Iron Creek project in Idaho, which has a historic mineral resource estimate (non-compliant with National Instrument 43-101) of 1.3 million tons grading 0.59 per cent cobalt; the Canadian Cobalt camp, with more than 50 past-producing mines; and the only permitted cobalt refinery in North America capable of producing battery materials. The Iron Creek project is, subject to First Cobalt's buyout rights, leased from Chester Mining Company.