:: Canada Cobalt Initiates Re-2OX Patent Process

Canada Cobalt Works Inc., a technology leader in the Northern Ontario Cobalt-Silver Camp, is pleased to announce that the Company has made important breakthroughs in its proprietary and environmentally green Re-2OX process for the recovery of cobalt, precious metals and base metals.

New Testing Highlights:

• Further optimization of Re-2OX has enabled SGS Lakefield in Peterborough, Ontario, to recover silver and copper for the first time while also increasing recovery rates for cobalt and nickel;
• In refining the Re-2OX process through a one-step leach extraction, overseen by Canada Cobalt adviser Dr. Ron Molnar, SGS has recovered >99% cobalt, >99% silver, 99% nickel and 99% copper while removing 99% of arsenic from a composite of gravity concentrates;
• The gravity concentrates were from Castle mine waste material and graded 10.2% cobalt, 11,000 g/t silver, 0.26% copper, 1.49% nickel and 45.1% arsenic.

Canada Cobalt Initiates Re-2OX Patent Process

As the electric vehicle supercycle intensifies, Canada Cobalt is the only company in Canada's cobalt heartland to produce a technical grade cobalt sulphate test product from its own feed. Significantly, Re-2OX skips the normal smelting process to create battery grade cobalt sulphate while nickel-manganese-cobalt (NMC) battery grade formulations are also in the pipeline.

In addition, the ability of Re-2OX to achieve exceptionally high recovery rates for both cobalt and silver, plus nickel and copper, while also removing 99% of arsenic, expands the potential of the Castle mine given Phase 1 underground results released February 19, 2019, and a second phase starting soon. Furthermore, Re-2OX is a value-driver for the company's planned tailings programs at Castle and elsewhere in the district, and will also be used by Canada Cobalt to immediately build a new model of "streaming" opportunities for the Company with respect to other battery metal projects while protecting the process.

Given the current optimization level of Re-2OX, and the growing importance of this hydrometallurgical process to Canada Cobalt and its shareholders, the Company has initiated the process of submitting a patent application for this proprietary metal extraction method.

Frank J. Basa, Canada Cobalt President and CEO, commented: "The fact that SGS has demonstrated that Re-2OX can very efficiently recover a broad set of metals from arsenic-rich material, ranging from low grade to high-grade, further de-risks the Castle mine project and expands opportunities to build shareholder value. Further Re-2OX optimization will target the recovery of gold."