Vancouver, British Columbia--(Newsfile Corp. - October 5, 2016) - Cruz Capital Corp (TSXV: CUZ) (OTC Pink: BKTPF) (FSE:
A2AG5M) is pleased to announce that it proposes to split the common shares (each, a "Share") of the Company on the basis
of one (1) pre-split share for three (3) post-split shares (the "Forward Split"). As a result of the Forward Split, the Company's
issued capital will be altered by splitting all of the 14,808,082 issued Shares without par value into 44,424,246 Shares without
par value. Outstanding stock options and share purchase warrants will also be adjusted by the Forward Split ratio and the
respective exercise prices of outstanding stock options and warrants will be adjusted accordingly. The Company will not be changing
its name or trading symbol in connection with the proposed Forward Split. The purpose of the Forward Split is to increase liquidity
of the Company's Shares and, in turn, make financing terms more attractive.
The Forward Split is subject to acceptance by the TSX Venture Exchange. Subject to such approval, the Company has set the close
of business on November 7, 2016 as the record date for the Forward Split and November 9, 2016 as the effective date of the Forward
Split.
James Nelson, President of the Company states, "We feel that this split will be a positive event for the company as this will
enable greater liquidity for the shareholders, thus enabling a more transparent and consistent market. The ratio being proposed
will be 3-1. For example this means that if you are shareholder of record of 10,000 shares you would then hold 30,000 shares upon
completion and approval of the split."
Cruz is actively engaged in acquiring and developing Cobalt assets in North America. Cruz has acquired numerous high grade
cobalt assets located in North America. Seven cobalt projects are in Canada and one in Idaho. The goal of the company is to make
Cruz the foremost cobalt project generator and developer on the TSX Venture Exchange. Management feels that cobalt is at the early
stages of a significant bull market and we are pleased to be positioning Cruz at the forefront of this cycle.
If you would like to be added to Cruz's email list please send an email to info@cruzcapitalcorp.com or twitter @CruzCapitalCorp
James Nelson
President
604.899.9150
www.cruzcapitalcorp.com
twitter @CruzCapitalCorp
This press release contains forward-looking information that involves various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation statements based on current expectations involving a number of
risks and uncertainties and are not guarantees of future performance of Cruz, such as statements that Cruz: (i) intends to
undertake a forward split of its common shares; (ii) the record date for such split will be November 7, 2016; and (iii) the
effective date of such split will be November 9, 2016. There are numerous risks and uncertainties that could cause actual results
and Cruz's plans and objectives to differ materially from those expressed in the forward-looking information, including the TSXV
not approving the forward split or delays caused in obtaining such approval. Actual results and future events could differ
materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this
notice. Except as required by law, Cruz does not intend to update these forward-looking statements.
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
